All theories for business Flashcards
What is the Tannenbaum Schmidt continuum- definition
a model that highlights the range of different management styles that may be adopted ranging from a ‘tell’ approach to one that involves delegation
What are the 4 parts of the Tannenbaum Schmidt continuum
Tell
Sell
Consult
Join
When can you use the Tannenbaum Schmidt continuum
when discussing the influences on and impact of different management and leadership styles you might want to consider:
-the advantages and disadvantage of each approach
-the factors that determine what style is adopted by a manager/leader
-when discussing what style might be appropriate for different situations
What is the scientific decision making model/theory
A model that highlights the different stages in a scientific, data based approach to decision making. Outlines logical sequential process
What is Ansoffs matrix
identfies 4 different strategies that a business can adopt to grow and the relative risk of each strategy
What is the boston matrix
positions products in relation to how fast the market is growing and the market share of the product compared with thr largest competitor
What are question mark products
What are star products
What are cash cow products
What are dog produtcs
What is the business cycle
illustrates the phases of expansion and contraction of the economy over a period of time
What is carrol’s CSR pyramid
identifies 4 ways in which a business can meet its corporate social responsibilites, with the need to make profit
