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Business
Leading
| Question | Answer |
|---|---|
| autocratic leadership | management style where the manager makes all business decisions with no input from staff, does not delegate tasks due to a lack of trust an believes all staff are demotivated. these managers use threats of punishment to motivate. |
| leading | is a management skill that encourages people to work towards a specific goal. strong leader must be able to clearly communicate and set an example for staff |
| subordinate | someone who is in a lower ranking position in an organisation |
| advantages of autocratic leader | -quick decision making -quick task completion -improved productivity |
| disadvantages of an autocratic leader | -pressure on management causing burn out -lack of staff motivation due to lack of trust -industrial dispute as staff feel undervalued |
| democratic leadership | manager encourages employees to part-take in decision-making but has ultimate authority, delegates tasks as they trusts their employees capabilities and believes staff are self motivated. this style is common in marketing firms and accounting firms |
| advantages of democratic leadership | -increased intrapreneurship -developed skills and knowledge in staff -high level of staff motivation |
| empowerment | occurs when a manager allows employees to make certain decisions on behalf of the firm. the employee does not need to consult a manager |
| disadvantages of democratic leadership | -slow decision making as managers consult employees -frustrated employees if their ideas aren't incorporated -management resentment as they don't want to loose control over subordinates |
| laissez-faire leader | a manager that outlines the business' goals and trusts the employees to decide by themselves what the best way to achieve these goals are. its a hands off approach and is common in pharmaceuticals and r&d |
| the 4 aspects that differentiate a leadership style | -trust -delegation -decision making -persausion/motivation |
| advantages of laissez-faire leadership style | -employee motivation is high as they feel trusted -improved skills and knowledge prepares employees for future positions in the firm -intrapreneurship, the different skills/abilities making new firm ideas which reduces cost and improves sales |
| Delegation | involves assigning a task to another person e.g. a subordinate. its important a manager communicates clearly to prevent confusion. |
| disadvantages of laissez-faire leadership style | -unexperienced staff can make mistakes which could cost the firm their reputation or money -reduced productivity due to the lack of management supervision -poor industrial relations as employees aren't meeting targets or may not feel supported |
| requirements for delegation | -clear communication -employee experience and skill -control system which can easily identify and fix mistakes |
| advantages of delegation | -intrapreneurship or profits -employee trust, good industrial relations feel trusted -employees can improve their skills and knowledge with the new experience |
| disadvantages of delegation | -employee stress as they may not want the extra responsibility -poor decision making unexperienced staff can make mistakes which could cost the firm their reputation or money -employee resentment as they feel as if the unimportant tasks are given out. |
| benefits of leadership | -can achieve goals easier as manager monitors progress ensuring the firm is on track -saves management time as it allows them to delegate tasks reducing stress -increased employee motivation as good leaders encourage decision making insinuating trust |
Created by:
20sarah