The Role of Managers and Leaders Flashcards
What does PROM stand for?
Planning.
Reporting.
Organising.
Monitoring and Evaluating.
What is the definition of planning?
The process of outlining and scheduling all of the tasks necessary to achieve an outcome.
What is the definition of reporting?
The process of providing a detailed description of an event or outcome.
What is the definition of organising?
The process of coordinating all resources needed to achieve an outcome.
What is the definition of monitoring and evaluating?
The process of reviewing and assessing progress.
What does FOCUS stand for?
Find - a problem.
Organise - the resources.
Clarify - exactly what the problem is
from a number of
viewpoints.
Understand - the possible variations
in the problem and the
factors contributing to
them.
Select - and test a solution.
What is a Business Model Canvas?
The Business Model Canvas is a visual representation of current of new business models, generally used by strategic managers.
What is one benefit of the Business Model Canvas?
It provides a framework for managers. This means that when reviewing a business model, they will be guided to consider all of the key components in an organised manner. This will lead to a more thorough and, therefore, accurate assessment of the current situation.
What is the definition of a leader?
Leadership is the ability to influence and direct people in order to meet the goals of a group. Leaders are those people that can inspire and motivate people to meet objectives.
What are 5 roles of a leader?
- To create the vision.
- Building effective teams to implement the vision.
- Motivating people to believe in the vision.
- Setting a culture to match the vision.
- Leading by example.
What is the definition of a business vision?
A business vision is the core value and purpose of a business. This is normally presented as a mission statement.
What is a mission statement?
A mission statement provides a common focus for everyone within an organisation and therefore a common sense of direction.
