Business Ledership

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Pregunta Respuesta
What Is Intellectual Capital People are the ultimate foundation of organization of a foundation. Brainpower that can be used for value.
What is Globalization The worldwide interdependence of resource flows, and business competition that characterizes the new economy
What is a core worker/free agency core time = full time free agency = changes jobs often
Levels of management : Upper management? Establishes organizational objectives, monitors external environment (CEO)
Levels of management: Middle Management? Interpret direction from above, guides lover management. (plant manager)
Levels of management : Lower management Manages operating employees (Supervisor)
Frederick Taylor Proper tools for the job by right worker with right ability
Henri Fayol Clear rules & duties; clear chain of command (1boss)
Max Weber (Hitler) clear division of labour. Lots of rules & red tape (making change slow)
Maslow Believed that people possess a set of motivation to achieve a certain need
What is MBO a process of joint objective setting between a supervisor and subordinate
Effective performance objectives 1.Specific 2.Time defines 3.Challenging 4.Measurable
5 strategic forces in Porter's model 1. Industry competitors 2. New entrants 3. Suppliers 4. Customers 5. Substitures
BGC matric strategies 1. Cash Cow-large market share in a mature slow growing industry 2. Star - large market share in fast growing industry 3.Question mark- small market share in high growth market 4.Dog - small market share in mature industry
Two faces of stress Constructive - increases effort and stimulates activity. Destructive - impairs performance leading to job burnout
Five principles of visionary ledership 1.Challenge the process 2. Show enthusiasm 3.Help others to act 4.Set examples 5. Celebrate achievements
Transactional Leadership directs the effort of others through task, rewards and structures
Transformational inspirational leadership that gets people to do more in high performance
Power of position 1. Rewards 2. Coercion - punishments 3. Legitimacy - the boss
Power of person 1. expertise - knowledge and understanding 2. referent - interpersonal attractiveness
Growth strategies involves expansion of the organizations current operations
Retrenchment strategies Reducing the scale of current operations to gain efficiency and improve performance
Influencing factors for ethics 1. The person : family influences, religious values 2. The organization: policy statement, group norms 3. The environment: government laws, society norms
Rationalization of untehical behaviour - Behaviour not really illegal - Nobody will find out - The organization will protect you
Management process 1. Planning - sets direction 2. Organizing - brings together human and material resources 3. Leading - inspires people 4. Controlling - gets things done the right way
Organization structure Functional, divisional and matix Functional - all members perform similar tasks Divisional - people working on the same product Matrix - combination of both functional and divisional
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