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Summary Unit 2- Managers, Leadership and decision making £5.99   Add to cart

Summary

Summary Unit 2- Managers, Leadership and decision making

It shows the difference between managers and leadership as well as models which help to show the different types of management and leadership. It also shows the different stakeholders businesses deal with and the model which shows what type of attention they need.

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  • April 27, 2023
  • 5
  • 2022/2023
  • Summary
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Available practice questions

Flashcards 12 Flashcards
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Some examples from this set of practice questions

1.

What is leadership?

Answer: A relationship through which one person influences the behaviour or actions of other people

2.

What is a leadership style?

Answer: The way that the functions of leadership are carried out and the way that a leader behaves

3.

What are some factors that affect leadership styles?

Answer: - personal value system - nature of the business - skill and experience of subordinates - effectiveness of teams and groups - type of organisation

4.

What is hunch decision making?

Answer: based on intuition, gut feeling and experience. hard to justify ad involves significant risk

5.

What is scientific decision making?

Answer: based on data & analysis

6.

What are opportunity costs?

Answer: the costs of missing out the next best alternative. The benefits that could have been gained by taking a different decision

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