1.5 Entrepraneurs And Leaders

Question 1

What are the 4 main leadership styles?

Answer 1

Autocratic, democratic, paternalistic, laissez-faire.

Question 2

Describe ‘Autocratic’ and state the advantages and disadvantages

Answer 2

Managers make all the important decisions with no involvement from workers.
+Quick decision making
+Effective when employing many low skilled workers
-Can be demotivating to workers
-Creates ‘them and us’ attitude between managers and workers

Question 3

Describe ‘paternalistic’ and state the Advantages and disadvantages.

Answer 3

Managers make decisions in best interests of workers after consultation.

+Make two-way communication so motivating
+Workers feel their social needs are being met
-Slows down decision making
-Still quite a autocratic style of management

Question 4

Describe ‘democratic’ and state the advantages and disadvantages.

Answer 4

Workers are allowed to make own decision and some businesses run on the majority decision.

+Authority is delegated to workers which is motivating
+Useful when complex decisions are required that need a specialist skills.
-Mistakes or errors can be made is workers are not skilled or experienced enough

Question 5

Describe the role of an entrepreneur

Answer 5

An individual who creates and grows a business through their creative ideas.