UNIT 2 MRS C Flashcards
(24 cards)
What are 5 key tasks Peter Drucker identified for a manager?
- setting objectives and planning
- organising a group
- motivating and communicating
- measuring performance
- developing people
What are 5 key tasks Henri Fayol identified for a manager?
- planning
- organising
- commanding
- coordinating
- controlling
What is an autocratic management style?
Management/leadership style whereby the manager makes all of the decisions
What is a democratic management style?
Management leadership style whereby the manager involves employees in the decision making
What is the Tannenbaum and Schmidt?
A model of leadership that examines relationship between how much freedom a manager gives
What is the Blake Mouton Grid?
A model which examines a managers behaviour based on their concern for people and concern for production
What is scientific decision making?
A logical and research-based approach to decision making
What is a decision tree and what does it do?
A tree-like model of options available
including the probability and financial outcomes of each option
What is the expected value?
The monetary value of an outcome of a decision
Formula for expected value?
expected monetary value of outcome x probability of that occurring
What is Stakeholder Mapping in A Level Business?
Stakeholder Mapping is a tool used to identify and analyse stakeholders based on:
- Power (influence over decisions)
- Interest (level of concern or involvement)
What’s the benefit of involving employees in decision-making?
Increases motivation, trust, and quality of decisions through diverse input
What factors influence leadership style?
Personality
company culture
task type
team experience
situation
How do opportunity costs affect decisions?
Opportunity cost is the benefit lost from the next best alternative when a decision is made
What is a paternalistic leader?
leader who acts in a fatherly way, making decisions in the best interest of employees
What is a laissez-faire leader?
A leader who provides minimal direction and allows employees to make decisions.
What are the advantages of autocratic leadership?
- Quick decision-making
- Clear direction and control
- Useful with unskilled workers
- Reduces uncertainty in large organizations
What are the disadvantages of autocratic leadership?
- Low employee motivation
- Lack of creativity and input
- High staff turnover risk
- Poor team morale over time
What are the advantages of democratic leadership?
- Encourages employee involvement
- Boosts motivation and morale
- Builds trust and teamwork
- Better decision quality through diverse input
What are the disadvantages of democratic leadership?
- Slower decision-making
- Potential for conflict or disagreement
- May reduce efficiency if poorly managed
- Not always suitable in emergencies
What are the advantages of paternalistic leadership?
- Employees feel valued and cared for
- Builds loyalty and reduces turnover
- Leader considers employee well-being
- Can be effective in family-run businesses
What are the disadvantages of paternalistic leadership?
- Employees have little say in decisions
- Can feel patronizing or controlling
- Risk of poor decisions made “for” employees
- Limits innovation and independence
What are the advantages of laissez-faire leadership?
- High autonomy and creativity
- Empowers skilled and experienced staff
- Encourages innovation and responsibility
- Can lead to high job satisfaction
What are the disadvantages of laissez-faire leadership?
- Lack of direction or coordination
- Can lead to confusion or poor performance
- Not suitable for less experienced teams
- Risk of goals not being met
