Business managers and leaders
- Created by: Rukhsana
- Created on: 12-10-18 14:03
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- Managers & Leadership
- Styles of Leadership
- Autocratic
- Features: Authorisation
- Advantages
- Clear instructions
- Quick
- Disadvantages
- Do not listen to employees
- Do not want feedback
- Democratic
- Features: empowering group members and aiding group decision making.
- Advantages
- Ensure people contribute to descisions
- Provides necessary resources
- Disadvantages
- Instructions not as clear
- Paternalistic
- Features: Thinks and acts like a father
- Advantages
- Interested in security of staff
- Interested in the social needs of the staff
- Disadvantages
- Can be too leanient
- Bureaucratic
- Diadvantages
- Staff would struggle to adapt to new market and condititons
- Advantages
- Cautious and focused
- Try to avoid mistakes
- Features: Avoid mistakes, adhere to mistakes
- Diadvantages
- Laissez-faire
- Disadvantages
- Some leaders can be lazy causing staff to be frustrated
- Advantages
- Staff have more freedom
- Features: Let it be
- Disadvantages
- Autocratic
- Decision making
- Blake Mouton
- Five different types of leadership
- Country Club - High concern for people, low concern for task
- Nice person
- Lack of urgency in getting tasks done
- Can only survive with no competition as productivity is shockingly low
- Team Leader - High concern for people, high concern for task
- Shows interest and trust in staff
- Determined to succeed
- Impoverished - Low concern for people, low concern for task
- No interest in staff or business
- Laissez-faire management
- Authoritarian - Low concern for people, high concern for task
- Likely to succeed in short term: long term staff will leave
- staff are truly 'human resources' only
- Middle of the road - Medium concern for people, medium concern for task
- Best of both worlds, but struggle to succeed at either one
- OK but not great performance
- Country Club - High concern for people, low concern for task
- Authors
- Dr Robert R. Blake
- Studied Psychology at Uni of Virginia
- Dr Jane Mouton
- Studied Pure Maths and Physics at Uni of Texas
- Dr Robert R. Blake
- Strengths of Blake Mouton
- Number of factors in the model
- Catergorisation
- Different labels - easier to compare
- Five different types of leadership
- The Tannenbaum and Schmidt Continuum
- Strengths of TSC
- Compare a number of approaches vs types of leadership
- Helps develop manager skills
- Helps businesses to judge their own performance
- The TSC suggests there are loads of different types of leadership and each leader has their own style
- Strengths of TSC
- Strategic Decisions
- 1. Strategic Analysis
- Strengths & Weaknesses
- Potential markets
- Position & success of competitors
- How to improve performance
- What costs & resources involved
- Chance of success & failure
- PEST & SWOT analysis
- Political, Economic, Social, Technological
- Strengths, Weaknesses, Opportunities, Threats
- 2. Strategic Choice
- When you decide between different options
- Links to investment appraisal
- 3. Strategic Implementation
- Where clear action plans and responsibility is planned for
- The action plans will need to be costed and resourced
- 1. Strategic Analysis
- Decision Trees
- Symbols
- Decision point
- Square box
- Options flow out on lines
- Chance nodes/ alternatives
- Circle
- Decision point
- Key Terms
- Probability
- Chance of an event occuring
- Expected Value
- Financial outcomes of an action adjusted to allow for the probability of it occurring
- EV Calculation= (Probability1 x Outcome1)+(Probability2 x Outcome2)+...
- Net Gains
- Expected value of action minus costs
- Probability
- Pros
- Managers can plan ahead for decisions
- Probabilities and therefore risk can be weighted up against financial values
- Logical process not hunch
- Cons
- External environment- the highest expected value should be chosen, is it always the right choice
- Training needed for managers
- Reliability of data
- No quantitative data is considered
- Only estimates
- Can all decisions be clear?
- Symbols
- Types of Decision
- Programmed Decision
- Same decisions
- Always follow the same routine
- Can be done by machines
- Non-Programmed Decision
- Non-routine
- Each decision is different from pervious decision
- Strategic Decision
- Long-term decision
- Usually made by business leaders
- Tactical Decision
- Medium-term decision
- About how to implement strategy
- Made by business leaders/ managers
- Operational Decision
- Short-term decisions
- About how to implement the tactics
- Made by most employees
- Programmed Decision
- Hunch or Intuiton
- Based on peoples ability to make decisions
- Based on experience not data
- Blake Mouton
- Managers vs. Leaders
- Leaders
- What's the point of a leader?
- Make and lead decisions and strategies
- Organise a team and members of the team
- Exert influence over others
- What's the point of a leader?
- Leaders
- Styles of Leadership
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