Strategic Mangement Performance Indicators

Explain the Concept of Management (SM:001) (CS)

Management is the process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively. It involves setting objectives, coordinating tasks, making strategic decisions, and ensuring that teams work productively to meet company objectives.

Explain Factors That Affect Management (SM:100) (SP)

Factors that affect management include internal elements such as company culture, leadership style, employee motivation, and operational efficiency, as well as external influences like economic conditions, market trends, government regulations, and technological advancements. Effective managers must adapt to these factors to ensure organizational success.

Explain the Nature of Risk Management (SM:075) (SP)

Risk management involves identifying, assessing, and mitigating potential risks that could negatively impact an organization or event. It includes implementing strategies to minimize financial, operational, legal, and reputational risks while ensuring business continuity and compliance with regulations.

Conduct a Risk Assessment of an Event (SM:076) (SP)

Conducting a risk assessment of an event involves identifying potential hazards, evaluating their likelihood and impact, and implementing measures to reduce risks. This process includes analyzing safety concerns, emergency preparedness, liability issues, and logistical challenges to ensure a secure and successful event.