unit 6 the principles of management revision booklet
Written for
BTEC
PEARSON (PEARSON)
Business 2016 NQF
Business 2016 NQF
All documents for this subject (1)
Seller
Follow
MrsBusiness
Reviews received
Content preview
Unit 6 January 2022 REVISION BOOKLET (The
Fachetti Group) Principles of Management
Summary Unit 6 January 2022 COMPLETE NOTES
(The Fachetti Group) Principles of Management
Unit 6 - The Principles of Management
Revision booklet
Topic A
1. What is management by objectives?
- These are specific goals that can help galvanize staff towards meeting the aims of
the business. They may be SMART (specific, measurable, achievable, realistic
and time-bound)
2. What is the difference between transformational and transactional
management? Transformational – considers the much bigger picture and takes a
more strategic approach to achieving goals. This style adopts an approach of
investing more time and effort now and in so reap the benefits and rewards later
on.
Transactional – Concerned about getting the job done with little disruption to normal
operations. Likely to follow processes and system and will se various techniques to
encourage staff to give their best by being motivated.
3. What is situational and contingency leadership?
A leadership theory which suggests that leaders/managers behavior and personality
is determined by the situation. If the situation changes, so does the manager
behavior.
4. What is leadership continuum?
A manager who lets their staff suggest or try out new ways of working sits on the
right of the continuum, a manager who likes to keep control and be the decision
maker sits on the left.
1. Name 3 functions of management.
Planning, organizing, leading.
2. Name 3 functions of leadership.
Guidance, motivation, setting an example.
3. Define business culture.
, Unit 6 January 2022 REVISION BOOKLET (The
Fachetti Group) Principles of Management
Business culture is related to behaviour, ethics, etiquette and more. A business
culture will encompass as organization’s values, visions, working style, beliefs and
habits.
4. Why is it important to influence stakeholders?
Businesses have different types of internal and external stakeholders, with different
interests and priorities. Sometimes these interests can
conflict. Influence of stakeholders on business objectives. Owners have a big say in
how the aims of the business are decided, but other groups also have
an influence over decision making.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MrsBusiness. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.61. You're not tied to anything after your purchase.
