3.1.4 Flashcards

1
Q

What is the tannenbaum schmidt continuum?

A

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

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2
Q

One advantage and disadvantage of a manager who abdicates for decision making?

A

-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.

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3
Q

One advantage or disadvantage of produce or perish

A

-high production
-however neglects workforce needs and can demotivate them

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4
Q

Describe the six step model used for scientific decision making

A

-based on data and their outcomes are compared to the initial objectives.

Set objectives ~>collect data ~> analyze data ~>make decisions ~>implement decision ~> review decision

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5
Q

What is opportunity cost?

A

Benefit that’s given up in order to do something else it’s the cost of the choice that it made.

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