3.2 Managers, Leadership and Decision Making Flashcards
What are the traits of a good leadership?
- inspire people
- build relationships
- take risks
- have followers
What are the traits of a good manager?
- enact a plan
- use authority
- manage risks
- have subordinates
What are subordinates?
People that work below a manager
What is the definition of leadership?
A relationship through which one person influences the behaviour and actions of others
Why is leadership increasingly important in a business?
- the changing organisational structure
- rapid change
What are good managing skills?
- planning (setting objectives, analysis)
- organising
- directing (motivation and communication)
- control
- report (finance report, employee performance, social performance)
Total costs =
Fixed costs + total variable costs
Profit =
Revenue - total costs
Revenue =
Number of units sold x Selling price
What is meant by a leadership style?
The way the functions of leadership are carried out
The way that a leader behaves
What are the types of leadership style?
- Authoritarian
- Paternalistic
- Democratic
- Lassez-faire
What is meant by an authoritarian leader?
Makes all the decisions, power focused, one way communication (top down), penalties and rewards
What are the issues with authoritarian leaders?
- changes in society values
- better educated workforce
- focus on the need for soft HR skills
- changing workplace organisation
- greater workplace legislation
- pressure for greater employee involvement
