Leaders + Decision Making 0.0 / 5 ? Business StudiesDecision MakingLeadershipA2/A-levelAQA Created by: AlexiasullivanCreated on: 07-05-17 19:26 Information and decision making is kept at the top of the organisation and there is minimal delegation Autocratic leadership 1 of 18 There is two way communication and decisions are made by the majority Democratic leadership 2 of 18 The leader has minimal inpu into the business and the employees make the majority of decisions Laissez faire leadership 3 of 18 When decisions are taken jointly by the management team Partnership 4 of 18 Stakeholders who have high levels of power are involved in decision making Participation 5 of 18 Involves finding out the views of relevant stakeholder groups Consultation 6 of 18 Are moral guidelines for business owners and have strong influence on decision making Ethics 7 of 18 If there is substantial change in the ________________ it may affect decisions External Environment 8 of 18 If the business does not have the correct resources they cannot make a decision which will have the best outcome Resource Constraints 9 of 18 Money given to the company in return for a share certificate that gives shareholders part ownership Ordinary Share 10 of 18 A payment made to shareholders from profits earned Dividends 11 of 18 The value of outstanding shares in the plc Market Capitalisation 12 of 18 Anyone that owns at least one share Shareholders 13 of 18 The price of a single share Share price 14 of 18 Long term decision which involves major commitment Strategic decision 15 of 18 Short term decision Tactical decision 16 of 18 An educated guess that current trends will continue Extrapolation 17 of 18 A prediction of sales Forecast 18 of 18
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