management and leadership Flashcards
what is leadership?
the ability to influence and direct people in order to meet the goals of a group
what is management?
the process through which company resources are used and decisions made in order to meet the objectives of the firm.
what are leaders?
those people that can inspire and motivate people to meet objectives
what are managers?
they will set objectives and decide how to go about achieving them.
what is the role of managers include?
leading
making decisions
-reviewing
what does MBO stand for?
management by objectives
what is MBO?
a management technique aimed to increase motivation by sharing the overall business objective between groups of employees
What is the effectiveness of MBO dependent upon?
the way which managers handle the setting and communication of targets.
what are advantages of MBO?
-provides a clear focus for all
-gives a sense of belonging and worth
-everyone focussed on the same goal
what are some disadvantages of MBO?
-time consuming to set, monitor and review objectives.
-workers may feel demotivated if objectives are unrealistic.
what is McGregor’s theory X and theory Y?
managers will perceive workers as either X or Y and therefore will assume which affects their leadership style
what is theory X for McGregor?
assumes that workers are inherently lazy and therefore must be coerced to work.
what is theory Y for McGregor?
assumes that workers are motivated to work by a desire to achieve higher order needs.
self motivated.
theory X assumptions?
-workers are lazy
-motivated by money
-work for personal gain not the benefit of the business
-need to be closely supervised
theory Y assumptions?
-workers can enjoy work
-motivated by different needs
-should be given responsibility
-should be given some autonomy.