3.1.4 Flashcards
What is the tannenbaum schmidt continuum?
Places managers on a scale ranging from autocratic management through increasing levels of participation in decision making by the workforce. It defines into seven key types of management style:
-Tells
-sells
-suggests
-consults
-joins
-delegates
-abdicates
One advantage and disadvantage of a manager who abdicates for decision making?
-Motivated team means less staff turnover
-however would only work in some businesses like creative not in ones like emergency where they have to be told what to do.
One advantage or disadvantage of produce or perish
-high production
-however neglects workforce needs and can demotivate them
Describe the six step model used for scientific decision making
-based on data and their outcomes are compared to the initial objectives.
Set objectives ~>collect data ~> analyze data ~>make decisions ~>implement decision ~> review decision
What is opportunity cost?
Benefit that’s given up in order to do something else it’s the cost of the choice that it made.