Leadership

Question 1

What is leadership?

Answer 1

Process of influencing an organisation in its efforts towards achieving an aim or goal

Question 2

What is a trait approach?

Answer 2

Born leaders, not made

Question 3

What is a behaviour approach?

Answer 3

2 styles

1. get job done
2. build relationships

Question 4

What is the power-influence approach?

Answer 4

How much power a leader has and how they influence others

Question 5

What is a situational approach?

Answer 5

Able to adapt to different situations

Question 6

What is a integrative approach?

Answer 6

Integrating more than 1 type of leadership

Question 7

What is an autocratic leader?

Answer 7

tells

Question 8

What is a permissive leader?

Answer 8

allows/joins/delegates

Question 9

What is strategic implementation?

Answer 9

Putting strategic position and choice into practice.

Strategic choice - evaluating and choosing between the alternative strategies available

Strategic position - understanding and analysing the current position

Question 10

What is a transactional leader?

Answer 10

focuses on systems and controls
existing processes
tries to achieve efficiencies within the current environment

Overall, seek improvement rather than change

Question 11

What is a transformational leader?

Answer 11

Changes to culture, mind set or values are required

Develop an alternative vision for org

Question 12

What is the cultural web?

Answer 12

An analysis that compares the assumptions in an organisations culture with the physical manifestations of that culture

Question 13

What are the 6 cultural web assumptions and examples of each?

Answer 13

Control systems - mystery shopper, voucher for ee’ if good
Routines and rituals - drinks after work (informal) & formal inductions
Symbols - logos, office layouts, titles and uniforms
Stories and myths - stories told between ee’
Power structure - technical experts might hold the power
Organisational structure - top-down approach

Question 14

What is responsible leadership?

Answer 14

Requires leaders to work with different stakeholders by considering their needs and viewpoints when making decisions.

They consider the wider societal and environmental impacts of business decisions whilst also protecting shareholder interests.

e.g. maximising SH wealth, employee rights, legal requirements

Question 15

What is a stakeholder claim?

Answer 15

Any person who affects or is affected by the activities of an organisation.

A claim is the outcome that a stakeholder seeks

Question 16

Why should an accountant act in the public interest?

Answer 16

SH, stakeholders, gov and clients rely on audit to be reliable
They need to be impartial and unbiased