Unit 6 Principles of management
Leader – a person who sets the overall company vision and targets and makes decisions on
how the vision can be met.
Leaders require a certain personality, which can be nurtured.
Manager – a person who is responsible for controlling and using resources (including staff)
as productively as possible.
Unit 6 Management by objectives (22.09.2020)
Leader is a person who sets the overall company vision and targets and makes the vision can
be met and a manager is a person who is responsible for controlling and using resources as
productively as possible.
Good leader – influential, resilient, innovative, interpersonal skills.
Bad leader – abuse power, immoral.
Good manager – confidence, organized, good motivator.
Bad manager – lack of perseverance.
Peter Drucker –
Review objectives for the whole business
Set objectives for the management of the different functions of the business
Set objectives for individual departments and workers
Monitor progress – managers and workers check to see if the objectives are being
reached
Evaluate performance and give reward if the objectives were reached.
Explain the benefits of management by objectives to McDonald’s
Unit 6 Leadership and Business culture (23.09.2020)
Creativity – Business requiring innovative workers may use more delegation and
empowerment to give workers freedom.
Start up businesses with limited capital may need to pay lower wages – How will this
affect worker morale and productivity.
Determined
Innovative
, Budgeting
Interpersonal skills
Communication skills
Time management
Organized
Transformational leadership
Transformational leadership is a theory of leadership where a leader works with teams to
identify needed change, creating a vision to guide the change through inspiration, and
executing the change in tandem with committed members of a group.
Transactional leadership
Transactional leadership is a style of leadership in which leaders promote compliance by
followers through both rewards and punishments.
Transactional leadership pros:
Rewards those who are motivated by self-interest to follow instructions
Provides an unambiguous structure for large organizations, systems requiring
repetitive tasks and infinitely reproducible environments
Achieves short-term goals quickly
Rewards and penalties are clearly defined for workers
Transactional leadership cons:
Rewards the worker on a practical level only, such as money or perks
Creativity is limited since the goals and objectives are already set
Does not reward personal initiative
Unit 6 Leadership, Management and Styles (24.09.2020)
Autocratic – A style of leadership where decision making is made by the leader who
does not consult others.
Democratic – A style of leadership where the leader involves others in decision
making.
Paternal – A style of leadership where the leader takes others views into account but
makes the final decision.
Laissez fair – Where the leader allows subordinates to take control and make
decisions (empowerment)
Quality circle – Where workers and managers are able to offer their views on how to
improve the production process.
Autocratic management is a style of leadership where decision making is made by the leader
who does not consult others.
One-way John can benefit from using autocratic management style is that he makes all
decisions by himself. This means that he is in full control of this business.
Leader – a person who sets the overall company vision and targets and makes decisions on
how the vision can be met.
Leaders require a certain personality, which can be nurtured.
Manager – a person who is responsible for controlling and using resources (including staff)
as productively as possible.
Unit 6 Management by objectives (22.09.2020)
Leader is a person who sets the overall company vision and targets and makes the vision can
be met and a manager is a person who is responsible for controlling and using resources as
productively as possible.
Good leader – influential, resilient, innovative, interpersonal skills.
Bad leader – abuse power, immoral.
Good manager – confidence, organized, good motivator.
Bad manager – lack of perseverance.
Peter Drucker –
Review objectives for the whole business
Set objectives for the management of the different functions of the business
Set objectives for individual departments and workers
Monitor progress – managers and workers check to see if the objectives are being
reached
Evaluate performance and give reward if the objectives were reached.
Explain the benefits of management by objectives to McDonald’s
Unit 6 Leadership and Business culture (23.09.2020)
Creativity – Business requiring innovative workers may use more delegation and
empowerment to give workers freedom.
Start up businesses with limited capital may need to pay lower wages – How will this
affect worker morale and productivity.
Determined
Innovative
, Budgeting
Interpersonal skills
Communication skills
Time management
Organized
Transformational leadership
Transformational leadership is a theory of leadership where a leader works with teams to
identify needed change, creating a vision to guide the change through inspiration, and
executing the change in tandem with committed members of a group.
Transactional leadership
Transactional leadership is a style of leadership in which leaders promote compliance by
followers through both rewards and punishments.
Transactional leadership pros:
Rewards those who are motivated by self-interest to follow instructions
Provides an unambiguous structure for large organizations, systems requiring
repetitive tasks and infinitely reproducible environments
Achieves short-term goals quickly
Rewards and penalties are clearly defined for workers
Transactional leadership cons:
Rewards the worker on a practical level only, such as money or perks
Creativity is limited since the goals and objectives are already set
Does not reward personal initiative
Unit 6 Leadership, Management and Styles (24.09.2020)
Autocratic – A style of leadership where decision making is made by the leader who
does not consult others.
Democratic – A style of leadership where the leader involves others in decision
making.
Paternal – A style of leadership where the leader takes others views into account but
makes the final decision.
Laissez fair – Where the leader allows subordinates to take control and make
decisions (empowerment)
Quality circle – Where workers and managers are able to offer their views on how to
improve the production process.
Autocratic management is a style of leadership where decision making is made by the leader
who does not consult others.
One-way John can benefit from using autocratic management style is that he makes all
decisions by himself. This means that he is in full control of this business.
