Managers, Leadership And Decision Making Flashcards
Leadership
Deciding on a direction for a company in relation to its objectives and inspiring staff to achieve those objectives
Management
Getting thing a done by organising other people to do it
What are the types of leadership?
•autocratic
•democratic
•Laissez Faire
•paternalistic
Autocratic
where the leader makes decisions and has a lot of control over employees
democratic
where the leader encourages decision making from different perspectives and employees are consulted before leader makes decisions
laissez faire
where leaders let employees get on with tasks and encourage them to take initiative
paternalistic
where the leader consults employees but leader makes all the decisions and acts as a father figure
advantages and disadvantage of autocratic leadership
+decisions can be made quickly
-staff may feel demotivated
advantages and disadvantage of democratic leadership
+ can motivate staff
+ staff have ownership over their ideas
+encourages creativity and team work
-can delay decision making
advantages and disadvantage of laissez faire leadership
+ more creativity
+encourages team work
+can be motivational
-coordination can be challenging
-relies on good team work
- relies on good interpersonal relations
advantages and disadvantage of paternalistic leadership
+ staff feel supported
+decisions can be made quickly
-being closely supervised can be demotivating
What are the factors which affect leadership style?
the task
work culture
type of labour force (skilled/unskilled)
time available
leader’s personality
company structure
what is scientific decision making and what are the pros and cons?
making decisions based off data
+supported by quantitive data
+logical
-may be expensive
-time consuming
what is intuitive decision making and what are the pros and cons?
making decisions based on “gut feeling”
+quick
+more creative
-difficult to justify
-reliant on experience
what are the steps for making decisions?
set objectives
gather data
analyze data
make decision
implement decision
review decision
(on god a mouse is rad)
opportunity cost
the loss of other alternatives when when an alternative is chosen
“you can’t have your cake and eat it”
what does the x and y axis represent in the Blake mouton grid?
y- concern for people
x- concern for result
On the Blake Mouton grid what is the category which represents low concern for people and low concern for result?
improvished management
On the Blake Mouton grid what is the category which represents high concern for people and low concern for result?
country club management
On the Blake Mouton grid what is the category which represents low concern for people and high concern for result?
produce or perish
/authority obedience
On the Blake Mouton grid what is the category which represents high concern for people and high concern for result?
team management
On the Blake Mouton grid what is the category which represents middle concern for people and middle concern for result?
middle of the road management
/man management
what does the Tannenbaum schmidt measure?
how authoritarian vs how much freedom a business gives employees
what are the 4 main parts of the Tannenbaum Schmidt continuum?
- Tells
- Sells
- Consults
- Abdicates
stakeholder
anyone with an interest in the actions of a business
low power and low interest is what category on a stakeholder map?
monitor
low power and high interest is what category on a stakeholder map?
keep informed
high power and low interest is what category on a stakeholder map?
keep satisfied
high power and high interest is what category on a stakeholder map?
manage closely
