Management And Leadership Flashcards
Leaders
May perform similar functions to managers, but also inspire and motivated the workforce- they consider long-term strategy, the challenges facing the business and how to overcome them
managers
control and direct the workforce to follow the principles or values that have been established by the leaders
Functions of management
•planning- required resources are where they need to be
•leading- encouraging employees to carry out the required task effectively
•co-ordinating- ensuring employees/departments are working efficiently to complete the task
•functional- organising various departments: sales and HR
•organising
•control
McGregor’s Theory X beliefs
•employees are only motivated by money
•employees are lazy and dislike work- little ambition
•employees don’t want to be involved in the decision-making process
•employees are selfish, ignore the needs of organisations, avoid responsibility and lack ambition
•employees need to be controlled and directed by management
•employees must be supervised or the quality and quantity of output will fall
McGregor’s Theory Y managers believe
•working is as natural as rest or play
•the typical employee doesn’t have an in-built dislike of work- they’re ambitious, willing to train and contribute to improve chances of promotion
•employees cannot be motivated by money alone
•employees will be more efficient as they’re left to their own devices- trust breeds responsibility
•employees want to contribute to improving efficiency- want to be seen, noticed, rewarded and appreciated
Consequences of Theory X management
•strict control of formal methods of communication
•tasks must be designed so they’re broken down into their simplest units
•responsibilities must be clear and unambiguous
•supervisors must maintain quality
•high level of dependence on the decision- making of senior management
Consequences of Theory Y management
•requirement of training
•use of cell working- restructuring of production and service methods
•setting up of formal communication channels
•promotion structures
•flexible working practices
Management by Objectives by Peter Drucker
It involves breaking down and subdividing the aims and goals or an organisation into tsrgets and objectives for divisions, departments, managers and employees- working together to meet the same objectives, owners, managers and employees would have a clear structure and long-term strategy that give clear goals to all stakeholders in the organisation
Advantages of management by objectives
•improved management control- clarity of goals
•improved financial control- monitoring expenditure and revenues: any changes from budgeted amounts need to be explained and reacted to
•managers are aware of responsibilities
•work of departments and managers are co-ordinated- common goal
•motivate the workforce- employee empowerment
•improve communication systems
Disadvantages of management by objectives
•management time is spent on setting objectives rather than managing
•objectives could be unrealistic- changing business environment
•demotivation and breakdown of working relationships- if all levels of hierarchy aren’t involved
•management control
MBO process
- Review objectives for the whole business
- Set objectives for the management of the different functions of the business
- Set objectives for individual departments and employees
- Monitor progress
- Evaluate performance and give reward if objectives were reached
Roles of management
•interpersonal roles- hiring, firing, training, motivating and organising
•decision-making roles
•information roles- allows info to flow between divisions within an organisation
Character traits of effective managers
•inspirational
•empathetic
•self-aware
•enthusiastic
•hard-working
role of leaders
•creating visions and aims
•empowering and delegating
•establishing objectives
•deciding on structure
•creating new roles and jobs
•anticipating problems
Characteristics of a good leader
•intellectual skills
•interpersonal skills
•realistic aspirations
•vision
•communicative skills
•creativity
•innovation
•commitment
•identify and respond to changes