topic 2- managers, leadership and decision-making Flashcards
What is leadership?
the ability to influence and direct people in order to meet the goals of a group
What is management?
the process through which company resources are used and decisions made in order to meet the objectives of the firm.
What are leaders?
people that can inspire and motivate people to meet objectives
What are managers?
they set objectives and decide how to go about achieving them
What do managers do?
-set objectives (targets to be achieved by team in certain time period)
-analyse (factors to achieve
objectives and business performance)
-leading (motivation)
-making decisions (day to day running the business and allocation of resources)
-reviewing (monitoring and feedback)
Internal factors that influence leadership styles?
-expertise and experience of the workforce
-skills required for the work to be done
-personal traits of the leader
-power given to the leader
-time frame associated with the task to be undertaken
External factors that influence leadership styles?
-political and legal environment
-economic environment
-social environment
-technological environment
-changing nature of the industry
What is an autocratic leadership?
the leader makes a decision without consultation
What is a democratic leadership?
the leader consults his team (makes strong contributions) but makes the final decision
What is a laissez-faire leadership?
the leader allows his team to make decisions
What is a bureaucratic leadership?
leaders work to rules and regulations ‘by the book’
Adv and disadv of autocratic leadership?
Advantages
-clear lines of authority
-quick decisions
Disadvantages
-can cause frustration and resentment
-no participation in decision-making
Adv and disadv of democratic leadership?
Advantages
-participation of workers
-allows input of people with skills and knowledge
Disadvantages
-decision-making might be slow
-possible loss of management control
Adv and disadv of bureaucratic leadership?
Advantages
-can produce consistencey
-everyone knows where they stand
Disadvantages
-resentment because of lack of participation
-no good for circumstances of great change
Adv and disadv of laissez-faire leadership?
Advantages
-workers allowed to contribute to decisions
-allows input of people with skills and knowledge
Disadvantages
-No sense of direction or decision making
-where does responsibility lie?
