Organisation and Leadership 1st class Flashcards
Who creates an organisation?
1 or multiple people bring in capital for a specific purpose.
What is an organisation?
1 or a group of people forms a legally recognised organisation. They invest capital to generate future revenue and work together towards common goals.
Who are the B.O.D and what do they do?
An advisory group
Appointed by the owners or the owners themselves
Future growth and development
Set strategies, goals, and policies
What are the types of organisations?
Small, Medium and Large
What needs to be in alignment in an organisation?
Work & Objectives
Where do the objectives come from, in an organisation?
Vision & Mission
What is a Vision?
The ability to think or plan about the future with imagination or wisdom
What is a vision statement?
Describe what a company desires to achieve in the long-run (5 - 10 years or more)
What is a strategic vision?
A statement that outlines what the organisation wants to achieve
What is a mission statement?
A short declaration that describe the purpose of a specific org.
More explicit that a mission statement.
Why do leaders make a difference?
They will motivate people to work differently, work together and empower them.
Describe the word Leader.
Can’t have if there is no follower. They choose their own route, even if they don’t choose the target, and the destination
What are the 12 distinctions between managers and leaders described by Bennis (1989) ?
▫ Managers - Administer, ask ‘how’ and ‘when’, focus on systems, do things right, maintain setup, accept status quo, rely on control, imitate, imitate the classic good soldier, have an eye on the bottom line (Manage people) and they have a short-term perspective
▫ Leaders - Innovate, ask ‘what’ and ‘why’, focus on people, do the right things, develop setup, challenge status quo, inspire trust, original, are their own person, have an eye on the horizon (thing about the future), and they have a long-term perspective.
▫ Conclusion - Managers put leaders’ strategy into practice and Leaders create the org’s strategy.
How does Convey differentiate between management and leadership?
Management focus on bottom line - “How can I accomplish certain things?”
Leadership focus on top line - “What are the things I want to accomplish?”
What did Syrett and Hogg(1992) say about Managers and Leaders?
Managers put the leader’s vision into practice. They do things right and accept the status quo.
Leaders create and communicate vision. They do the right things and challenge the status quo.