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How is the enterprising business organised?
1. Management is the organisational function that, like investment, gets things done
efficiently, to gain the best return on all resources. It is the act of getting people
together to accomplish desired goals and objectives.
2. Leadership is the process of social influence in which one person can enlist the aid
and support of others in the accomplishment of a common task.
3. Leadership differs from management as leadership promotes new directions while
management executes existing directions as efficiently as possible. Leadership is
deciding the best course of action to take. What are the things we should be doing
to get us to where we want to go? What direction or course of action should we
take? Where do we want to be in the end? Management picks up the ball, looks at
the objectives set by leadership and says, "Okay, here's the best way to get there."
4. Management styles
Autocratic is often considered the classical approach. The manager retains
as much power and decision-making authority as possible. The manager does
not consult employees, nor are they allowed to give any input. Employees are
expected to obey orders without receiving any explanations. The motivation
environment is produced by creating a structured set of rewards and
Paternalistic managers give more attention to the social needs and views of
their workers. Managers are interested in how happy workers feel and in
many ways they act as a father figure. They consult employees over issues
and listen to their feedback or opinions. The manager will however, make the
actual decisions as they believe the staff still needs direction.
Consultative can be viewed as a combination of the democratic and
autocratic style. The manager will ask views and opinions from their staff,
allowing them to feel involved but will ultimately make the final decision.
Democratic also called the participative style as it encourages employees
to be a part of the decision making. The democratic manager keeps his or her
employees informed about everything that affects their work and shares
decision making and problem solving responsibilities. This style requires the
leader to be a coach who has the final say, but gathers information from
staff members before making a decision.
Laissez faire also known as the "hands-off" style. It is one in which the
manager provides little or no direction and gives employees as much freedom
as possible. All authority or power is given to the employees and they must
determine goals, make decisions, and resolve problems on their own.
5. The organisational structure refers to the way that an organisation arranges people
and jobs so that its work can be performed and its goals can be met. An
organisational chart is a diagram that depicts the structure of an organisation in
terms of relationships among personnel or departments. An organisational chart also
represents lines of authority and responsibility
6. Tall structure:
Has many levels
Long chain of command
Narrow span of control
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Clear management structure
More chance for promotion
Little freedom and employee responsibility is restricted
Loss of communication between the higher and lower levels
Small chain of command
Wide span of control
Better communication between managers and workers
Easier to make decisions
The growth of the business might be restricted
Structure limited to smaller businesses
Individuals can be chosen according to the needs of the project
Project managers are directly responsible for completing the project within
a specific…read more