Managers Leadership And Decision Making Flashcards

1
Q

Treat theory of a leadership style

A

Writers have argued at all managers and leaders should have traits or characteristics but there is a lot of disagreement about what those traits or characteristics should be

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2
Q

Behavioural theories of leadership styles

A

Behavioural theories focus on how an individual behaves in a management or leadership role
The theory tries identify the right of leading or management rather than the characteristics of the person

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3
Q

What is autocratic?

A

The leader makes decision without consultation (example in the army not always bad)

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4
Q

What is democratic

A

The leader allows their team creative freedom to be involved in decision-making but makes the final decision (a skilled workforce for each team member can make strong contributes inviting opinions but making the final call)

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5
Q

What is Laissez faire

A

It’s to leave alone and the leader allows a team to make decisions therefore you need to have a skilled workforce to Make there own decisions.

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6
Q

What is paternalistic?

A

The leader acts in a fatherly way towards the workforce therefore makes decisions but will consult with the workforce first

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7
Q

What is bureaucratic?

A

Leaders work to rules and relegation, “by the book” in bureaucratic organisation

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8
Q

The tannenbaum-Schmidt continuum explained
4 key words

A

The tannenbaum-Schmidt continuum is a scale which shows the variablility and difference in leadership
-manager centred leadership

-one is how a leader/manager makes the decisions and tells the staff abt it
-one is he a manager/leader sells decisions to his staff

The middle is where managers present ideas and invites questions from staff also presenting problems and getting suggestion from subordinates then making the final decision with their influence this is called CONSULTING WITH YOUR STAFF

-subordinate-centred leadership

-managers ask groups to make decisions within their limits set
Managers allows team to develop options and decide action defined by managers he JOINS them fully being co-operative with them

overall its showing how u can place people in X or Y and it varies and people can’t be placed in certain categories

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9
Q

Theory X managers view on staff

A

The average workers is lazy and dislikes works and thinks they need to be controlled and directed

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10
Q

Theory Y managers view on staff

A

It’s a view where people enjoy work and workers will take responsibility and organise themselves and decision making can be delegated

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11
Q

what is a programmed decision

A

it’s a decision which often has policies and procedures in place to help you make these decisions and is usually a ‘daily problem’ and info can be gathered quickly

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12
Q

what is a non-programmed decision

A

a decision that is unique and unfamiliar which requires a unique solution

-for example “entering a new market”

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13
Q

what is a strategic decision

A

they are long term involving a major commitment in resources and are difficult to reverse

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14
Q

what is a tactical decision

A

these focus on the short term and involve fewer resources.

-eg choosing to stock a new popular brand of ketchup in a small food shop

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15
Q

what is a scientific decision

A

using technology to make the decision for you

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16
Q

intuitive decision

A

it is about “trusting your gut” to make decisions

17
Q

the value of decision trees

A

-set out clearly and logically
-can compare the outcomes of different options
-forces managers to consider the impact of possible alternative options

18
Q

drawback of decision trees

A

-do not include other qualitative issues such as the workforces reaction to different options to different options
-only an estimate of the probability on different outcomes
-not well suited to strategic decisions

19
Q

how to do a decision tree

A

1) times the probability by the pay off (0.2 X 45)
2) do that for success and failure then add them
3) then takeaway the initial cost then that is your net gain

20
Q

influences on decision making PESTELE

A

P-politics
E-economics
S-social
T-technology (machines, barcodes etc)
E-environmental (waste management etc)
L-legal
E-economy

21
Q

what is the distinction between a manager and a leader

A

managers tell people what to do but leaders set examples and show the employees how to act

22
Q

what is scientific decision making

A

a logical and evidence based approach to decision making that involves gathering and analysing data to make informed business decisions

23
Q

what is the value of using scientific decision making

A

it’s based off facts and evidence therefore it’s more reliable

24
Q

what is the difference between uncertainty and risk in decision making

A

-risk is where outcomes are unknown
-involves situations where outcomes are unknown

25
what is a decision tree
it shows you which option is the most effective in terms of profit/expected return
26
why would businesses want to use a decision tree
to see which option is the most likely to return the most money
27
what is a stakeholders
a certain group of people that takes interest in a business
28
what are the interest of the following stakeholders-holder groups customers, employees, shareholders
customers-low price ethics employees-good working conditions and good pay shareholders-high dividend payments
29
what is a strategic decision
long term and high impact decisions
30
tactical decisions
short term decisions and lower risk
31
why is stake holder mapping useful to look at when trying to manager your stakeholders needs
shows you which stakeholders you neee to communicate most with in order to keep them happy. decisions need to be made to benefit the most important stakeholders groups
32
what is trait theory
it’s the concept of the charismatic individual
33
what is behavioural theory
it focuses on how an individual behaves in a management or leadership role
34
influences on decision making 5
-the risk involved -the external environment -resource constraints -ethics -objectives
35
the value of decision trees 3
-compare the outcome of different options -they are set out clearly and logically -force managers to think of alternative options
36
drawbacks to decision trees 3
-do not include qualitative issues such as the workforces reaction to different options -only an estimate -not well suited to strategic decisions
37
uncertainty risk is
you know the possible outcomes and the probability of each happening but you don’t know which outcome will occur
38
genuine uncertainty is
don’t know the possible outcomes in advance let alone their probabilities