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Summary Unit 2- Managers, Leadership and decision making $7.76
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Summary Unit 2- Managers, Leadership and decision making

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It shows the difference between managers and leadership as well as models which help to show the different types of management and leadership. It also shows the different stakeholders businesses deal with and the model which shows what type of attention they need.

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  • April 27, 2023
  • 5
  • 2022/2023
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Available practice questions

Flashcards 12 Flashcards
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Some examples from this set of practice questions

1.

What is leadership?

Answer: A relationship through which one person influences the behaviour or actions of other people

2.

What is a leadership style?

Answer: The way that the functions of leadership are carried out and the way that a leader behaves

3.

What are some factors that affect leadership styles?

Answer: - personal value system - nature of the business - skill and experience of subordinates - effectiveness of teams and groups - type of organisation

4.

What is hunch decision making?

Answer: based on intuition, gut feeling and experience. hard to justify ad involves significant risk

5.

What is scientific decision making?

Answer: based on data & analysis

6.

What are opportunity costs?

Answer: the costs of missing out the next best alternative. The benefits that could have been gained by taking a different decision

Unit 2- Managers, Leadership and decision making
What is leadership:

A relationship through which one person influences the behaviour or actions of other people.

Two different leadership perspectives:

Traditional view:

- Command and control
- Decision making

Modern view:

- Inspiring employees
- Creating a vision
- Shaping core values and culture
- Building effective teams

Why leadership is increasingly important in business:

- Changing organisational structure-
- Flatter & greater delegation
- Teamwork & focus on quality assurance
- Coaching, support & empowerment
- Rapid change-
- Change is becoming a constant feature of business life
- Soft skills of leadership & management increasingly important

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 and large corporations

Leaders- inspire people, build relationships, take risks, have followers

Managers- enact the plan, use their authority, manage risk, have subordinates

Factors affecting leadership style:

- Personal value systems
- Manager's experience
- Confidence in subordinates
- Feelings of security
- Nature of the business problems
- Type of organisation
- Effectiveness of teams and groups
- Skills and experience of subordinates
- Pressure

Autocratic leaders- make decisions without consulting others

, Paternalistic leaders- consults and then makes the best decision to suit everyone

Democratic leaders- make final decision but includes others in the process

Laissez-faire leaders- allow team members freedom if they do their work and meet deadlines

Tannenbaum Schmidt continuum:




Blake & Mouton’s leadership grid:

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