Role of stakeholders
Provide vision and direction for the business
What is owner
Businesses that appear legitimate but are acting as a a front
What is money laundering
Sets out short term and long term goals.
What is planning
This shows how authority flows from top to bottom.
What is a line chart
A characteristic which allows a leader to change their plans or ideas if they prove to be wrong.
What is flexibility
provide high quality outputs through diligent work
What is employees
Giving information about a product that is untrue
What is false advertising
Handing out responsibility to others.
What is delegating
Line managers get support from staff managers
What is line and staff
Subordinates are allowed to work based on their own iniciatives.
What is laissez-faire
To purchase goods and services
Consumer
Refusal to pay revenue to the government on profits made
What is withholding of tax
Getting employees to do work in a dynamic and driven way
What is motivating
Structuring an organization into areas such as marketing, finance etc
What is a functional chart
Employees are inspired to embrace changes.
What is transformational leadership
To provide businesses with raw materials and components
What is a Supplier
Dumping factory waste in rivers and refusing to recycle
What is improper waste disposal
Leading and ensuring things get done
What is directing
This shows lines of authority
What is Chain of command
Decision making incorporates the ideas of others
What is democratic leadership
To treat businesses fairly by regulating industries
What is government
This sets out what a company believes in such as being honest when dealing with the public.
What is a code of ethics
Supervising the running of things
What is controlling
The number of people someone manages.
What is span of control
This style can lead to dissatisfaction as subordinates have no input.
What is autocratic leadership