Psychology Perspectives Week 2: Managers, Leaders and Entrepreneurs Flashcards
What is the difference between Management and Leadership?
Management focuses on regular, recurring tasks and processes to achieve a common purpose, while Leadership involves creating positive, non-incremental change, empowering people, and building momentum for a vision.
What is the intersection between Management and Leadership?
The intersection involves understanding what motivates individuals and how to draw out the best in them with a purpose in mind.
What are the key differences between Management and Leadership in terms of Role vs Quality?
Management is a role within a company with specific responsibilities, while Leadership is a quality of individuals or groups that inspires and engages others.
How do Management and Leadership differ in terms of Present vs Future?
Management focuses on implementing processes and handling present challenges, while Leadership thinks ahead, capitalizes on opportunities, and sets a vision for the future.
What distinguishes Management from Leadership in terms of Pursuing goals vs Influencing others?
Management pursues goals through tactical processes, such as group decision-making, while Leadership aligns and influences individuals to execute tasks, empowering them to implement change.
How do Management and Leadership differ in Endorsing vs Shaping Culture?
Management endorses the existing culture set by leadership, while Leadership actively shapes the workplace culture, setting the tone on issues like diversity and inclusion.
What are the contrasts between Management and Leadership in terms of Circles of power vs Circles of influence?
Management creates circles of power by controlling employees’ work, while Leadership creates circles of influence by providing guidance and advice.
How do Management and Leadership differ regarding Counting vs Creating Value?
Management focuses on counting value by checking metrics like KPIs, while Leadership emphasizes creating value by enabling people to perform at their best.
Why can’t Management and Leadership be used simultaneously?
Different networks in the brain are active for each leadership style, and they are mutually inhibitory, meaning they cannot be used simultaneously.
What is the significance of cold decision making in leadership?
Cold decision making focuses on task completion and expertise, but it can lead to dehumanizing employees.
What is the significance of hot decision making in leadership?
Hot decision making focuses on team morale and creativity, leading to more innovative solutions but potentially less successful task completion.
How do the brain networks differ for cold and hot decision making in leadership?
Different brain networks are active for each style, and they are mutually inhibitory, preventing simultaneous use.
Why might younger individuals make better entrepreneurs according to brain development?
Younger people, like entrepreneurs, may exhibit higher risk-taking behavior due to the development of the amygdala and ventral striatum before the ventromedial prefrontal cortex, which regulates emotional responses.
