Business leadership

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45 Terms

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Planning

Setting goals and deciding how to achieve them.

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Organizing

Arranging tasks, people, and resources.

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Leading

Motivating and guiding employees.

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Controlling

Monitoring and adjusting performance.

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Strategic plan

Long-term, organization-wide goals.

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Tactical plan

Medium-term plans for departments.

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Functional plan

Short-term plans for specific functions.

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Forecasting

Predicting future trends using data.

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Scenario planning

Preparing for possible future situations.

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Contingency planning

Creating backup plans for emergencies.

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Benchmarking

Comparing performance to best practices.

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SMART

Specific, Measurable, Achievable, Relevant, Time-bound.

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SMART goal example

Boost sales by 10% in 6 months.

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Strategic goal

Long-term goal aligned with vision.

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Strategic goal example

Be the top eco-fashion brand by 2030.

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Participatory planning

Including employees in planning decisions.

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Mission

Purpose and core activities of an organization.

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Vision

Future goal or aspiration of an organization.

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Functional structure

Groups by job type (e.g., HR, sales).

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Divisional structure

Groups by product or service.

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Geographic structure

Groups by region or location.

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Matrix structure

Combines functional and divisional.

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Flat structure

Few management layers, broad roles.

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Network structure

Relies on external partners.

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Boundaryless structure

No formal barriers between units.

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Team-based structure

Work organized into collaborative teams.

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Command-and-control

Top-down management style.

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Organic structure

Flexible, decentralized, adaptive.

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Mechanistic structure

Rigid, centralized, formal.

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SWOT

Strengths, Weaknesses, Opportunities, Threats.

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Ulrich Model

Describes 4 key HR roles.

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HR roles (Ulrich)

Strategic Partner, Change Agent, Admin Expert, Employee Champion.

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Well-designed job

Clear duties, autonomy, purpose.

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Hackman & Oldham

Skill variety, identity, significance, autonomy, feedback.

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Job rotation

Switching tasks to reduce boredom.

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Job enlargement

Adding tasks at same level.

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Job enrichment

Adding tasks with more responsibility.

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Job simplification

Breaking work into basic tasks.

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ESA (Ontario)

Sets minimum workplace standards.

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Orientation

Intro to role, team, company policies.

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Preboarding

Prep work before first day.

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Onboarding metrics

Time to productivity, retention, satisfaction.

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Situational leadership

Adapting style to employee needs.

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Leadership styles

Directing, Coaching, Supporting, Delegating.

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