Leadership Management And Decision Making Flashcards
(68 cards)
Define leadership
Includes the functions of ruling, guiding and inspiring other people within an organisation in per suit of inspiring other people within an organisation in per suit of agreed objectives
Define management
Is the planning organising directing and controlling of all or part of a business enterprise
What do managers do ?
Planning
Organising
Directing(leading)
Controlling
Describe planning
Involves looking to the future and is the foundation of the other 3 functions
Where is the company currently? Where would it like to be? Allow managers to then make decisions
What does planning involve?
Planning involves
Setting objectives/targets - could be profit or social targets
Gathering information for forecasts of costs, revenues, or competitor information - may reveal a gap in the market etc.
iii.
Creating plans for functional areas such as finance or HR - should help the business achieve overall objectives iv. Estimating resources needs
Describe organising
- Involves assembling the resources needed to carry out the actions decided
- May involve acquiring land, funding and recruitment of staff for example - using the minimum of resources required
Describe directing (leading )
- To influence and oversee the behaviour of staff to achieve company goal as well as providing assistance
- Motivation - employees that are highly motivated will perform better and thus help achieve objectives. A range of financial and non-financial methods can be used
- Communication - Effective communication helps achieve high levels of productivity and encourages employees to use their initiative etc.
Describe controlling
Involves setting standards and both reviewing and reporting on performance b.
C.
Compare objectives and performance to determine corrective or preventive action
Reviewing and reflection is an important part of a managers role
How do managers report on progress?
Financial reports - including sales, revenues and profits - often a legal requirement ii. Employee performance - information on productivity, absenteeism or training
costs
iii.
Social performance - in terms of behaving ethically, minimising pollution and creating jobs
Describe mintzbergs roles of management
In 1990 Henry Mintzberg set out the ten roles performed by managers within businesses that can be placed into 3 categories
(need to know which roles fits in which category)
What are the roles in interpersonal management ?
Figurehead
Leader
Liason
What role is in informational management ?
Monitor
Disseminator
Spokesperson
What role is in decisional management ?
Entrepreneur
Disturbance handler
Resource allocator
Negotiator
Describe figureheads
Figureheads - represent their colleagues, carry out social, ceremonial, legal responsibilities and have authority
Describe leader in interpersonal management
Leader - creates and maintains an effective environment. NMotivates, develops and manages performance of staff
Describe liaison in interpersonal management
Liaison - communicating with internal and external contacts to network and gather information
What does interpersonal management involve ?
Managing through other people
What does informational management involve ?
Involves processing information
Describe monitor in informational management
Monitor - searching for internal/external relevant info, looking for changes in the business environment, looking after your teams welfare and performance
*
Describe dissemination in informational management
Disseminator - a communication role - passing valuable information to others in the business
Describe spokesperson in informational management
- Spokesperson - representing and speaking for the organisation to people outside of it
What does decisional management involve ?
Using information to take decision
Describe entrepreneur in decisional management
Entrepreneur - planning and initiating change