Unit 6- principles of management exam structure

What is transformational leadership? Why would it benefit Lillidays Center? - Answer- A transformational leadership is a leadership where a leader/ manager works with teams to identify needed changes within the business. This leadership would benefit Lillidays center as it would allow them to formulate new ideas while managing change- it will also allow lower turnover costs for the buisness. What is the current leadership style of Lillidays? - Answer- Paternalistic- allows staff to have 1-2-1 sessions when they need help- a dominant authority style leadership- like a family. Name some of the issues at Lillidays Center. - Answer- Decreasing profit No long term business strategy Employee shortage in specific areas, and upskillage is needed Zero hour contracts are needed Give an example of a positive and negative with zero hour contracts- use the graph data to answer the negative. Suggest how the business can overcome this negative. - Answer- Positive- saves the company money as they are only paying employees when they are needed. Negative- when 'Clearway theatre' changed to zero hour contracts, they noticed an increase in the staff absence rate. But by introducing a personal router for staff, it allows them to know their hours and shifts- this will decrease the absence rate as there will be employee satisfaction. By retraining and upskilling staff, what effect will this have on Lillidays? - Answer- It will allow the employees to cover all areas. This means when tasks need covering all staff will be able to do so. Not only this but it means the business will save money as they don't need to employ new staff. (Especially in offseason). How can the business increase their yearly profit and stop it from decreasing? - Answer- Introduce new acts- bring more Diversity to the company. The business is using the same events yearly. This is only focusing on one target audience and effecting the profit levels. By adding new acts and events on, the buisness is making new audiences and gaining profit back. What is Lillidays Center? - Answer- A concert and entertainment venue. Name the 4 recommendations for improving Lillidays Center. - Answer- New leadership style- change from paternalistic to transformational More acts- more diversity Re skill staff Zero