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Retail management

Its the base subject of every organization as without the same the existence of an organization is at risk. It brings together the science of the process, planning  & execution in a given organization without having any inclination towards the size of the corporate. Management as a whole has various characteristics: Its universal, goal-oriented, continuous process, multidimensional, involves group activity & dynamic function, which are coordinated for optimum usage.

Management is the summation of men, machine, material, money and methods, which contributes as an encyclopedia for the employees working in the organization while maintaining a coordinated approach towards achieving the vision of the company.

  1.   Explain what self-appraisal is?
  2.  How self-appraisal contributes to a performance review?

Self –appraisal could be defined as an assessment ,test of one’s own capabilities as an evaluation.It helps us to grow intentionally.This process helps person to look at himself/herself...

2 - Self appraisal can be called  a dreaded element as a part of performance in order to access what aspects are important for their personality,it helps to increase one’s self knowledge.

2 - Self appraisal can be called  a dreaded element as a part of performance review as it is very intimidating for the employees.It can change the path of your career mostly for the better.In this competitive world,while struggling in their lives many people don’t make time to evaluate themselves.

Describe peer appraisal and list at least one benefit of peer appraisal.

Peer appraisal can be defined as an act in which employee’s performance is assessed by colleagues of employee or teammates in the same working environment  who  has been observing t...

It can be measured by ranking every member of the team from excellent to dissatisfied,o ct in which employee’s performance is assessed by colleagues of employee or teammates in the same working environment  who  has been observing the performance of employees regarding th

a. Identify four components of a manager's role and responsibilities that are commonly measured by Key Performance Indicators (KPIs).

b.  Discuss how the KPIs may be measured.

The different components of a manager’s role and responsibilities that aare measured by KPI are::

1.Net profit margin:This KPI offers a good depth of how profitable your business is...

2.Working Capital:This figure is important to check whether a company has much balance in hand or not.

3.Return on Investment:This KPI measures amount of return in comparison  with co .

2.Working Capital:This figure is important to check whether a company has much balance in hand or not.

3.Return on Investment:This KPI measures amount of return in comparison  with cost of an investment.

4.Cost per lead:It refers to how much money has been spent to acquire a particular lead.

B)KPI’s of these components are measured in following ways :

1.Net profit margin:It is calculated by dividing the net profit during a specific period by revenue during same period .The resulting figure shows how much profit you earn on specific revenue.

2.Working capital:It is calculated by subtracting your current liabilities from your current assets.This KPI helps you to check financial health of your business.

3.Return on investment:It is worked by dividing the bebefit by the cost of the investment and is expressedas ratio or percentage.

4.Cost per lead:To calculate thisKPI you divide total spent on marketing by total leads acquired,you can finesse this fiure by dividing that again by no. of leads to get individual figure

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