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Summary Study notes for Chapter 3.2 A Level Business AQA
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Study notes for Chapter 3.2 A Level Business AQA
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ABSTRACTManagement and leadership notes from Topic 3.
Evie Pass
Business
MANAGEMENT
AND LEADERSHIP
Revision
, Management and Leadership
Leadership - A relationship through which one person influences the behaviour or actions of other people. Key
features:
Inspire people
Build relationships
Take risks
Have followers
Key features of managers:
Enact the plan
Use their authority
Manage risks
Have subordinates
Traditional view Modern view
Command and control Inspiring employees
Decision making Creating a vision
Shaping core values and culture
Building effective teams
Why is leadership increasingly important in business?
Rapid Change
o Change is becoming a constant feature of business life
o Soft skills of leadership & management increasingly important
Changing organisational structures
o Flatter + greater delegation
o Teamwork + focus on quality assurance
o Coaching, support & empowerment
Three levels of management in business:
1. Senior management – e.g. board of directors
a. Set corporate objectives and strategic direction
b. Board is responsible to shareholders, Led by CEO
2. Middle management
a. Accountable to senior managers
b. Run business functions and departments
3. Junior management
a. Supervisory role, accountable to middle management
b. Monitor & control day-to-day tasks, and manage teams of workers
Role of strategic leadership:
Strategic leaders are the people who influence or control the corporate strategy of a business
Often personally identified with the strategy
Occurs both in small firms (e.g. the founder) and large corporates
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