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453900
Motivation and Leadership styles
Descrição
Chapter 2 and 3 business
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as
Mapa Mental por
missiep
, atualizado more than 1 year ago
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Criado por
missiep
mais de 10 anos atrás
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Resumo de Recurso
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
creativity
hobby
Ethical motive = doing what is right
benefits environment or society
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
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
Paternalistic = consult at every level with reasoning but make own final decisions
Good: motivating + social needs met
Bad: slower
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
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