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Unit 6: principals of management .

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Proving in depth notes from topics A1 to C2. Notes are well displayed, and colour coded per topics allows a clear view of understanding achieving good knowledge within those topics. Furthermore, allows you to achieve a distinctions based on the notes provided.

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.6 A1 definitions of management and leadership.

What is a manager?

A business manager is someone who delegates a group of people by coordinating the
operations and activities of a business within a large organisation. Moreover, the manager
is responsible in setting an objective relating to the aim of the business.
What is a leader?

A leader is someone who inspire, give guidance and give a vision to a group of people by
setting a long-term strategy for the business' leader must make sure to set an aim relating
to the business.
3 differences between managers and leaders:
o Managers – managers have a short time view and focus on getting the job done while
leaders plan long term.


o A manager will focus on planning, organising and coordinating resources to manage
tasks and deliver results.


o Lastly manager is responsible for controlling an organisation a group to achieve a
particular goal and objectives / managing is about making sure the day-to-day
operations are being performed as expected.


o A leader will inspire motivate and influence those around them which will drive
people to achieve their goals and objectives whilst working toward the bigger picture.


o Leaders requires a vision to guide change whereas managers focus on achieving
organizational goals through process implementation such as budgeting and staffing.


o Leaders take risks.


Any 3 similarities between managers and leaders:

,  They both work to unlock the full potential of their teams and employees.


 They both focus primarily on improving the organisation.


 They both communicate policies and changes in the company.


 They both get involved in a day-to-day organisational activity.

Aims of a business (identifying when a business is not doing well):
1. Profit
2. Sales/revenue
3. Reputation
4. Market share
5. Expansion of growth
6. Low staff
7. Innovation
4 inputs of management:
1. Money= capital
2. Men=staff
3. Machines= equipment
4. Materials=stock
4 department of a business:


1. Finance-they are responsible in managing the financial aspects of the organisation.
For instance, they need to manage the business budget, financial plans, managing
cash flow, task regulations and many more.


2. Human resources- responsible for managing various aspects related to workforce,
employees and the workplace environment. Like, training,motivation,health and
safety, recruitment.

, 3. Operations- refer to the day-to-day activities and processes that a
company undertakes to produce goods or services, deliver them to
customers, and achieve its strategic goals and objectives. It may
include planning,surpurvising,manufacturing,quality assurance, health and safety,
customer service, maintenance and many more.




4. Marketing- involve strategies that a businesses and organisations use to promote and
sell products, services to target their audience. For instance, things like market
research/promoting/branding/market segmentation and many more.


Different management approach:

Theory x and y:
Theory x and y are two contrasting leadership styles and management philosophies.

Δ
It was introduced by Douglas McGregor in the 1960s.

Δ
This theory is two perceptions that the management gives toward its workers.

Δ

The managers are authorians/autocratic and use negative methods for their employees.

Δ
Theory x assumes that the employees inherently dislike work and are lazy and prefer to
avoid it. Leaders who subscribe to theory x led to be more controlling (traditional). They
tend to monitor employees and direct them.

Δ

, Theory y assumes that their employees are motivated and liked to do the work, they are
capable of self-motivation, creativity and taking initiative. This is a more modern view as
the management trust their employees to make decisions, this led to a greater motivation
for employees.



Δ
Benefit: for theory x
1. It provides clear directive and expectations, which can ensure that employees understand
their roles and responsibilities.


2. In industries where errors or non-compliance can have significant
consequences, Theory X management may help reduce the risk of
mistakes and ensure adherence to regulations and standards.

Δ
disadvantage: for theory x
1. Constant monitoring and punishment can lead to demotivated employees. This can
lead to lower job satisfaction and higher staff turnover.


2. The assumptions in Theory X, such as the belief that employees are
not inherently ambitious and need to be coerced, can create a lack
of trust between management and employees. Which can lead to a
toxic workplace.



Δ
Benefit: for theory y
1. Theory Y encourages employees to use their creativity and intelligence to solve
problems and contribute to the organization's success. This can lead to innovation
and new ideas.

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November 27, 2023
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