Managers And Leaders

Question 1

McGregor manager theory - X & Y

Answer 1

X - traditional view. Dislikes work, centralised, controlled

Y - modern view. Enjoys work, delegated decision making, organised, responsible

Question 2

What do leaders do?

Answer 2

Organise a team
Create a vision
Motivate and inspire
Manage the delivery of the vision and modify it

Question 3

Difference between managers and leaders

Answer 3

Managers - enact the plan, use authority, manage risks, have subordinates

Leaders - inspire people, build relationships, take risks, have followers

Question 4

Transformational vs Transactional

Answer 4

Leaders work to enhance motivation by directing behaviour towards the vision

Managers are concerned about day to day progress towards goals

Question 5

People focus vs operational focus

Answer 5

Gives employees flexibility and allows them to take risks. Focused on understanding potential customers.

Emphasis on the processes of running a business e.g. Budget, manufacture etc.

Question 6

Risk seeking vs risk minimising

Answer 6

Attracted to risks

Deals with mitigating potential losses