UNIT 2 Flashcards

1
Q

what are the 4 types of leadership styles

A

autocratic, democratic, paternalistic and laissez faire

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

5 roles of manager

A
  1. setting objectives
  2. analysing
  3. leading
  4. makes decisions
  5. reviews
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

role of a leader

A

creating an effective working environment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

laissez faire

A

the manager is very relaxed, to the point where employees do the work on their own and have extreme amounts of freedom. “let it be”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

autocratic

A

this leadership style has ultimate authority and power, the leader rends to make choices based on their own decision

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

democratic

A

a leader who asks for input and considers feedback from their employees before making a decision. This style is usually credited with higher employment engagement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

paternalistic

A

treats employees like family

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

1 pro 1 con of autocratic leadership style

A
  1. quick decisions and defined structure
  2. degrading trust and morale of employees
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

1 pro 1 con of democratic leadership style

A
  1. creates employee satisfaction
  2. reduction of efficiency
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

1 pro 1 con of laissez faire leadership style

A
  1. boosts employee morale
  2. conflict may increase as well as employees may need direction
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

1 pro 1 con of paternalistic leadership style

A
  1. high loyalty because of employees acknowledgment
  2. demotivation, “ favourites “ leads to pressure etc
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

whats the difference between a stakeholder and a shareholder

A

a stakeholder has an interest in the company, sometimes we can have ‘internal stakeholders’ meaning they are members of the business. shareholders have a financial chunk of a business eg a share

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

how can a stakeholder affect a business ( the process )

A

bad publicity
less sales
less wages
angry employees
rised prices
annoyed consumers
business buys less from suppliers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

2 examples of shareholder conflict

A

customers dont want inc price, shareholders want inc revenue

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

3 advantages of shareholders

A
  1. shareholders provide capital to the business by purchasing shares
  2. shareholders help spread the financial risk of the business. Since shareholders are only liable for the value of their shares
  3. shareholders, particularly those with significant stakes or expertise, may offer valuable advice and strategic insights to improve the business’s decision-making process.*
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

advantages of stakeholders

A

better publicity as stakeholders could help promote product etc, for example employee loving their job could boost brand awareness

17
Q

THE TANNENBAUM SCHMIDT
TELLS

A

identifies problems and makes decisions

18
Q

THE TANNENBAUM SCHMIDT
SELLS

A

leader still makes decisions but discusses it with employees

19
Q

THE TANNENBAUM SCHMIDT
CONSULTS

A

leader identifies problem, listens to employees before making decisions

20
Q

THE TANNENBAUM SCHMIDT
JOINS

A

manager defines the problem and passes it to the group to make the decision, manager is involved but minimally

21
Q

high power and high interest
stakeholder mapping

A

key subjects

22
Q

high power low interest
stakeholder mapping

A

keep satisfied

23
Q

low power low interest
stakeholder mapping

A

minimal effort

24
Q

high interest low power
stakeholder mapping

A

keep informed

25
Q

define delegate

A

putting the issue onto somebody else to deal with

26
Q

define a 0 hour contract

A

you only work when your employers ask you to

27
Q

define fringe benefits

A

a reward a company gives you that isnt financial, whether thats free private health etc

28
Q

whats a 0 hour contract

A

you work however much your employee needs, not guaranteed set shifts

29
Q

what are fringe benefits

A

benefits the workplace gives you that is not financial, things such as private healthcare etc

30
Q

what 4 factors affect a managers decision

A
  • prices: ca and pricing strategy
  • expansions: looking for growth
  • employment: skills
  • outsourced: external companies to handle tasks that aren’t essential to the business.
31
Q

what 4 things influences objectives

A
  • long or short term
  • ethics
  • external environment
  • financial constraints
32
Q

how to resolve a conflict

A
  1. identify focus
  2. review evidence
  3. assess impacts
  4. agree on next steps