Instructions for Side by Side Printing
- Print the notecards
- Fold each page in half along the solid vertical line
- Cut out the notecards by cutting along each horizontal dotted line
- Optional: Glue, tape or staple the ends of each notecard together
3.2 Managers, Leadership and Decision making
front 1 What is the difference between management and leadership? | back 1 Management : focus on organisation and coordination of task to achieve goals Leadership : focus on inspiring and motivating people towards a shared vision |
front 2 What are the 4 leadership styles? | back 2 Autocratic, paternalistic, democratic, laissez-faire |
front 3 What is the Tannenbaum Schmidt continuum? | back 3  A diagram outlining the fluid system of leadership based on a range of factors |
front 4 What does the Autocratic leadership style entail and what are the positive and negative results? | back 4 Individual control over decision, minimal input from group members, clear hierarchy, lack of delegation :) - quick decision making :( - lower team morale |
front 5 What does the Paternalistic leadership style entail and what are the positive and negative results? | back 5 Parental control, prioritising employees well-being in return for loyalty and obedience, respect and compassion, organisation, decisiveness, empowerment :) - motivation, communication, employee retention, job satisfaction :( - low morale, dependence, imbalance, lack of delegation |
front 6 What does the Democratic leadership style entail and what are the positive and negative results? | back 6 Participative, decision-making is shared, all input considered, collaboration, some delegation, creativity, flexibility, transparency :) - participation, varied views, efficient problem solving, commitment, satisfaction :( - requires strong communication, reliant on clear roles/expectations, sharing info, relevant skills, |
front 7 What does the Laissez-faire leadership style entail and what are the positive and negative results? | back 7 Hands-off, independent, creativity, self-motivation, high delegation, autonomy, leaders provide training and support, accountability falls on leader :) - encourages personal growth, innovation, faster decision-making :( - lack of role clarity, poor involvement in groups, low accountability, passivity |
front 8 What should scientific decision making include an understanding of? | back 8 Risk, rewards, uncertainty, opportunity cost, the use and value of decision trees in making decisions |
front 9 What are decision trees? | back 9  Quantitative methods if tracing outcomes of a decision so the most profitable decision can be made |
front 10 What can u gain from decision trees? | back 10 Research-based estimates and probabilities and the net gain from a decision |
front 11 What can influence decision making? | back 11 Mission, Objectives, Ethics, External environment (competition), Resource constraints |
front 12 Why do businesses need to consider stakeholders when making decisions? | back 12 Stakeholders can have varying amounts of power, interest and expectation Communal decisions reduce opposition and align with needs to create be cohesive |
front 13 What do stakeholders want? | back 13 Clear benefits, Trust and alignment with their interests, business value, capability, commitment, indemnity |
front 14 How can stakeholder needs conflict? | back 14 Profit vs wages Production area vs jobs Profit vs prices |
front 15 What methods are used to manage relationships with different stakeholders? | back 15 Communication Consultation Compromising |