AS - Level AS-Level Business Studies Flashcards on Business AS-level 3.2 Managers, Leadership and Decision Making, created by Hollie Ferris on 18/03/2016.
|
Created by Hollie Ferris
over 8 years ago
|
|
Close
|
|
Created by Hollie Ferris
over 8 years ago
|
|
3.2.1
Textbook Section 2
Understanding management, leadership and decision making
Define Leadership
Three types of leadership styles
Autocratic Leadership
Paternalistic Leadership
Democratic Leadership
What might influence an Autocratic leadership style?
What might a influence an Democratic leadership style?
What is the Blake Mouton Grid?
3.2.2
Understanding manangement decision making
RISKS of decisions
(getting it wrong)
REWARDS of decisions
(getting it right)
Scientific Method of decision making; make an informed decision made on data. Minimising the risk of failure.
Advantages of Scientific decision making
Disadvantages of Scientific decision making
Advantages of Intuition decision making
Disadvantages of Intuition decision making
Factors effecting the decision
Qualitative Data
Quantitative Data
What are Decision Trees?
How do you calculate Estimated Value and Net profit on a decision tree?
Advantages of Decision Trees
Disadvantages of Decisions Trees
3.2.3
Understanding the role and importance of stakeholders
Stakeholder Mapping
Influences on the relationship with stakeholders
Communication with different stakeholders
Benefits of good communication
Consultation with different stakeholders
