topic 2 decision making

Question 1

what are the 4 types of leadership styles from the blake mouton grid

Answer 1

• authoritarian leader
• team leader
• country club leader
• impoverished leader

Question 2

describe authoritarian leader e.g high or low concern for task and people

Answer 2

high task, low people

Question 3

describe team leader e.g high or low concern for task and people

Answer 3

high task, high people

Question 4

describe country club leader e.g high or low concern for task and people

Answer 4

low task high people

Question 5

describe impoverished leader e.g high or low concern for task and people

Answer 5

low task, low people

Question 6

impoverished leader- what style does the manager use

Answer 6

a ‘delegate and disappear’ management style

Question 7

by playing the impoverished leader, what does it allow the team to gain

Answer 7

self-reliance

Question 8

what 2 things does the Blake Mounton grid look at

Answer 8

1) concern for people

2) concern for task

Question 9

what are the strengths of the Blake Mouton grid (2)

Answer 9

• it highlights different management skills, according to their focus on task and people
• allows works and other people to see what the manager is more interested e.g. more interested in the task

Question 10

what is the weakness of the Blake Mouton grid

Answer 10

-it implies that leadership styles are static and that the manager cannot change leadership styles

Question 11

what is the Tannenbaum Schmidt continuum

Answer 11

-shows how leadership styles can vary per different situation and are more dynamic

Question 12

what are the 4 types of leadership styles in the tannenbaum schmidt continuum

Answer 12

• tell style
• sell style
• consult style
• delegate style

Question 13

what type of leadership style is the ‘tell’ style (Tannenbaum Schmidt continuum)

Answer 13

a boss-centred style

Question 14

what type of leadership style is the ‘delegate’ style

Answer 14

subordinate-centred style

Question 15

give the strengths of the Tannenbaum Schmidt continuum (2)

Answer 15

• shows that leaders can change per different situations

- leaders can adapt

Question 16

what are the three ways of making a decision

Answer 16

-rational/ scientific/ data driven approach

Question 17

what are tactical decisions

Answer 17

-immediate/ short term decisions which help to implement the strategy of what the business is trying to achieve in the long run

Question 18

who are tactical decisions usually made by

Answer 18

middle management

Question 19

what are operational decisions

Answer 19

-they relate to the day-to-day running of the business

Question 20

who are operational decisions made by

Answer 20

middle or junior managers

Question 21

what are strategic decisions

Answer 21

they are long-term in their impact- they affect and shape the direction of the whole business

Question 22

who are strategic decisions usually made by

Answer 22

senior managers

Question 23

give 4 influences on decision making

Answer 23

• external environment
• ethics/ beliefs
• resources
• competitive environment/ competition

Question 24

when can you use decision trees (3)

Answer 24

• the value of decision trees in getting managers to thin through their options, the probability of different outcomes and the financial consequences
• the extent to which the financial consequences of an outcome can be accurately estimated and whether outcomes are best measured in financial terms
• issues can be considered in decision making such as raising the initial finance

Question 25

advantages of decision trees- what does it allow

Answer 25

-allows for uncertainty

Question 26

advantages of decision trees- what approach does it encourage

Answer 26

a quantitative approach

Question 27

general advantages of decision trees

Answer 27

-shows expected