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Unit 2: Management, Leadership and Decision Making - Coggle Diagram
Unit 2: Management, Leadership and Decision Making
Roles of Managers
Specific tasks of management include: developing people, setting objectives, measuring performance, motivating and communicating.
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Three levels of management: senior, middle and junior
Senior managers are top level, are responsible for shareholders and determine corporate objectives.
Junior managers are accountable to middle managers are endure tasks such as running day to day activities.
Middle managers are accountable to senior managers, and run functions and departments
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Blake Mouton Grid
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Impoverished style: low concern for people and a low concern for tasks being completed. A laisses- faire style with minimal effort of management.
Country club: high concern for people and a low concern for task. The main achievement is creating a safe and comfortable work environment.
Task: low concern for people and a high concern for task. Autocratic leadership style where employees can only complete tasks and nothing else.
Team: high concern for people and a high concern for tasks. Employees are closely involved with decision making and feel valued by the company.
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Risks and Uncertainty
Risks within business include the likes of supply chain stocks, fraud and cyber security
Uncertainty is something that a business has to live with, but can use strategic methods to manage the impact of uncertainty.
For example: what human resources can be put in place to ensure employees stay? how likely will new businesses break even and what can they do to ensure this?
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