Photo AI
Define these terms and provide an example for each term to demonstrate your understanding - VCE - SSCE Business Management - Question 5 - 2004 - Paper 1
Question 5
Define these terms and provide an example for each term to demonstrate your understanding. a. leadership b. performance appraisal
Worked Solution & Example Answer:Define these terms and provide an example for each term to demonstrate your understanding - VCE - SSCE Business Management - Question 5 - 2004 - Paper 1
Step 1
a. leadership
Answer
Leadership is the process through which individuals can influence the attributes, behaviors, and values of others. It involves activities such as communication, negotiation, and innovation, playing a key role in achieving an organization’s objectives. An effective leader not only provides direction but also inspires and motivates their team, adapting to the dynamics of change.
Example: A manager who encourages open communication within their team to foster collaboration, recognizes individual contributions, and adjusts strategies based on team feedback exemplifies strong leadership.
Step 2
b. performance appraisal
Answer
A performance appraisal is a systematic evaluation of an employee's work performance, aiming to identify strengths and areas needing improvement. It facilitates feedback and aids employees in understanding how their work aligns with organizational goals. Performance appraisals can include formal assessments or informal discussions and are often linked to professional development and promotion opportunities.
Example: A company conducts annual performance appraisals, providing employees with feedback on their performance metrics and discussing career advancement opportunities while identifying any training needs to enhance their skills.