2 - Management, Leadership & Decision Making Flashcards
What Is Leadership?
Ability to influence and direct people in order to meet the goals of the group.
What Type Of People Are Leaders?
Are those people that can inspire and motivate people to meet objectives.
What Is Management?
How company resources are used and decisions are made in order to meet the objectives of the firm.
What Are The 5 Roles Managers Have?
~ Setting objectives.
~ Analysing.
~ Leading.
~ Making decisions.
~ Reviewing.
What Are Internal Factors That Influence Leadership Styles?
(5 Points)
~ Expertise and experience of the workforce.
~ Skills required for the work to be done.
~ Personal traits of the leader.
~ Power given to the leader.
~ Time frame associated with the task to be undertaken.
What Are External Factors That Influence Leadership Styles?
(5 Points)
~ Political and legal environment.
~ Economic environment.
~ Social environment.
~ Technological environment.
~ Changing nature of the industry.
What Are The 5 Leadership Styles?
~ Autocratic (Authoritarian).
~ Democratic.
~ Laissez-faire.
~ Paternalistic.
~ Bureaucratic.
What Is The Autocratic Leadership Style?
Leader makes decisions without any consultation.
What Is The Democratic Leadership Style?
Leader consults his team but makes the final decision.
What Is The Laissez-Faire Leadership Style?
The leader allows his team to make decisions.
What Is The Paternalistic Leadership Style?
The leader acts in a fatherly manner towards the workforce, making decisions based on the needs of the workforce.
What Is The Bureaucratic Leadership Style?
Leaders work to rules and regulations.
