453900
Motivation and Leadership styles
- Motives = factors encouraging
entrepreneurs to go into business and
make particular decisions
- Non-profit motives = motives not linked to profit
- Profit = revenue - costs
compensates for taking risks
- Examples
- self-fulfillment
- family business
- control
- over hours
- over activities
- over location
- over hours
- creativity
- hobby
- self-fulfillment
- Profit = revenue - costs
compensates for taking risks
- Ethical motive = doing what is right
- benefits environment or society
- benefits environment or society
- Non-profit motives = motives not linked to profit
- Motivation = meeting needs of employees to
encourage hard work and commitment so they work
more efficiently
- Leadership
- Autocratic = no consultation when
making decisions + little reasoning
given as to why
- Good: quick + effective with
low skilled employees
- Bad: de-motivating
+ segregating
- Good: quick + effective with
low skilled employees
- Democratic = guide, not dictate + wide
encouragement of decision making
participation
- Good: delegation is motivating +
better when specialist skills are
required
- Bad: errors made if not skilled enough
- Good: delegation is motivating +
better when specialist skills are
required
- Paternalistic = consult at every
level with reasoning but make
own final decisions
- Good: motivating +
social needs met
- Bad: slower
- Good: motivating +
social needs met
- Autocratic = no consultation when
making decisions + little reasoning
given as to why
- Theory X and Y
- Assumptions by management
professor, Douglas McGregor who
worked at top US uni's in 1950's
- Theory X = have little ambition, dislike work.
Require incentives and punishment
- Theory Y = enthusiastic , enjoy responsibility,
delegation, challenges and goals. Are
self-motivated
- Assumptions by management
professor, Douglas McGregor who
worked at top US uni's in 1950's
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