Leadership and Management
What are two characteristics of a leader?
empathy
passion
etc
Define an autocratic leader.
Ex.
Makes all the decisions and prefers not to delegate any responsibility
Simply tells subordinates what to do
Suitable in situations that require quick decision-making or when critical decisions have to be made
Define scientific thinking/management
involves decision-making using quantitative research and quantitative techniques.
Define the term intuitive.
Ex. using or based on what one feels to be true even without conscious reasoning; instinctive.
What are three characteristics of a business
Ex.
Give an example of a leader and why you think their a leader.
Ex. Lisa Su set a good example of a leader thanks to her ability to communicate, her capacity for teamwork, and a few well-timed strategic decisions that paid off for the business and its investors.
What are the five different leadership styles?
Autocratic, Paternalistic, Laissez-faire, Democratic, and Situational
Name one beneifit of scientific thinking/management.
Ex. Efficiency. Using data to design individual tasks for a worker could result in efficient production methods.
What is intuitive management/thinking?
Ex. Making judgments based solely on instinct or a "hunch" is implied by intuitive thinking and management. In actuality, making arbitrary decisions is not what business intuition refers to
BLANK is a popular show on which investors hear pitches from business owners who want funding from them.
Shark Tank
Name 3 differences between leaders and managers.
Ex.
Leaders: Takes risks, strategic decision making, and natrual instincts
Managers: tatical planning and monitoring, learned skills, and task oriented
What is one drawback of a paternalistic leader?
Ex. Both the leader and the employee sometimes fail to see that the best interests of the company are not being addressed
Name one limitation of scientific thinking/management
Ex. Slower. Data driven approaches tend to be slower than intuitive decision-making.
Give an example of a leader that uses a sophisticated method of quick thinking (intuition)
Former CEO of Google, Eric Schmidt, isn’t shy about naming fast decisions as a core factor of Google’s success. He says Google couldn’t afford to drag its feet and delay executing on ideas.
What is the name of the famous entrepreneur who is renowned for creating the assembly line.
henry ford
Using FULL sentences define management.
The task of allocating resources inside a business organization in order to fulfill organizational goals is referred to as management. The expertise at their disposal is used by managers to accomplish goals they have set.
What are three drawbacks of a Laissez-faire leader?
Ex.
Coordination and decision-making can be time-consuming
Lack of direct supervision or support
Execution of business strategy can be prolonged
Give one example of a situation where someone could use scientific thinking/management
Ex. When selecting a university using the scientific method, a student may consider statistics like acceptance rates, average graduate salaries by major, and tuition prices.
Name 2 benefits of intuitive thinking/management
Ex. Faster. Decisions based on intuition tend to be faster than those based on data collection and analysis.
Suitable in emergencies. In an emergency, it is usually impossible to conduct scientific analysis. So being able to make accurate decisions based on intuition is an asset.
There are five levels in Maslow's pyramid. Name each one.
From the bottom of the hierarchy upwards, the needs are: physiological (food and clothing), safety (job security), love and belonging needs (friendship), esteem, and self-actualization.
Using FULL sentences define leadership.
Ex. Leadership is the ability of a person or group of people to persuade or guide followers or other organization members. Strategic and creative thinking are used by those in positions of leadership to help motivate others to overcome obstacles and achieve objectives.
Define a democratic leader AND a situational leader
Ex. Democratic - Involves employees in the decision-making process
Situational - A situational leader adopts the right approach for the place, time and people involved.
Why might a manager implement a more scientific approach than an intuitive approach?
Ex. Less bias in decision-making. Using the scientific method allows businesses to remove some subjective judgement and make decisions mostly based on data. This can potentially prevent managers from becoming victims of their own bias.
Name 2 limitations of of intuitive thinking/management
Ex. Not based on data. The biggest limitation of this method is that historical data is not consulted, either because of its lack of availability or the speed of decision-making.
Riskier. Making decisions without data may mean that some risks – which data might have uncovered – are overlooked.
A forklift has its forks raised in the air to put some material in the racks. An employee darts under the forks (safety violation) so he can get back to his workstation in time. The supervisor tells him very sternly not to ever do that again and notes it in his log. What type of leader is the supervisor?
Autocratic