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Organising, Role/Focus - Coggle Diagram
Organising
Differences between a manager and an entrepreneur
Level Of Risk
Future Focus
Level of Reward
Idea Creation
Potential Exam Question
Distinguish Between the Role of a 'Manager' and the 'Entrepreneur' in a business
Leading
Directing/Delegating
Guiding employees to achieve tasks
Motivating
Energising/inspiring people
McGregor's Theory X/Y
Maslow's Hierarchy of Needs
Communicating
Transfer of info from superior to subordiante
Improve instruction
Clear orders
Remove barriers (noise, jargon, cost)
Factors (urgency, cost, etc.)
Characteristics of Managers
Uses Initiative
Decisive
Charismatic
Flexible
Problem Solver
The process of organising resources in order to achieve objectives efficiently and effectively
Management
Role/Focus
Management Versus Enterprise
Management
Enterprise
Risk
Reward
Ideas
Creative and Innovative
Implements entrepreneur's ideas
Keeps profits. Can vary
Earns a set salary
Loss of job but not capital
Financial and Personal
Starts business and looks to expand
Day-to-day operations