Business at Athlone Institute Of Technology | Flashcards & Summaries

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Common leadership traits 
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vison, trust, integrity ( honesty) , drive, strength of character, charisma (inspire others), communication skills and social skills 
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Factors influencing decision making 
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Cognitive reflection: the ability to reflect on a question and resist responding the first response that comes to mind.
What’s needed; 
Intelligence 
Patience
Deliberation 
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Strategic decision making 
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A major choice of actions concerning allocation of resources 
Contribute to achieving organisational objectives 
Long term focus- will impact future success or failure 

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Democratic leadership 
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TESTE DEIN WISSEN
(Shared leadership, participation) 
Where members of the group take a more participative role on decision making
Reasoning, persuading and consulting 
Team is kept informed, discuss with the different team members 
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Laissez faire leadership 
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“Leave do” hands off style 
Have the attitude of trust and reliance on their employees 
They don’t micromanage or get too involved 
Team members have the real lead 

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Contingency plans
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TESTE DEIN WISSEN
Having a plan B ‘what if’ scenarios 
Generation alternative courses of action should unexpected events occur in the business environment e.g covid
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What is planning 
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The process of establishing aims and objectives and choosing a course of action to ensure that they are achieved 
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Strategic planning 
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Long term planning, take place at top levels of the organisation
3-5 year goal
Sets out organisations basic mission and goals
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Tactical planning 

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Medium term planning with middle managers 
Involves interpreting strategic plan and developing business tactics to achieve the strategic objectives 
Concerned with current operations 
Outlines functional roles abs responsibilities 
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Operational planning

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TESTE DEIN WISSEN
Short term, day to day operations 
Serves to guide immediate action 
Involves supervisor and front line managers 
Some activities: rosering, daily check lists, scheduling and compliance to standards 
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Autocratic leadership
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TESTE DEIN WISSEN
When the leader has individual control over all decisions and very little input from other group members 
Rarely accept notice from followers
Make choices based on their idea and judgements 
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Pros and cons (autocratic leadership) 

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Pros: can achieve results quickly
Good for crisis situations 
For routine abs unskilled tasks 
With difficult employees 
Cons: low morale 
Employees no chance to express themselves, or contribute knowledge and creativity 
Rebellion and bullying 
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Beispielhafte Karteikarten für deinen business Kurs an der Athlone Institute of Technology - von Kommilitonen auf StudySmarter erstellt!

Q:
Common leadership traits 
A:
vison, trust, integrity ( honesty) , drive, strength of character, charisma (inspire others), communication skills and social skills 
Q:
Factors influencing decision making 
A:
Cognitive reflection: the ability to reflect on a question and resist responding the first response that comes to mind.
What’s needed; 
Intelligence 
Patience
Deliberation 
Q:
Strategic decision making 
A:
A major choice of actions concerning allocation of resources 
Contribute to achieving organisational objectives 
Long term focus- will impact future success or failure 

Q:
Democratic leadership 
A:
(Shared leadership, participation) 
Where members of the group take a more participative role on decision making
Reasoning, persuading and consulting 
Team is kept informed, discuss with the different team members 
Q:
Laissez faire leadership 
A:
“Leave do” hands off style 
Have the attitude of trust and reliance on their employees 
They don’t micromanage or get too involved 
Team members have the real lead 

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Q:
Contingency plans
A:
Having a plan B ‘what if’ scenarios 
Generation alternative courses of action should unexpected events occur in the business environment e.g covid
Q:
What is planning 
A:
The process of establishing aims and objectives and choosing a course of action to ensure that they are achieved 
Q:
Strategic planning 
A:
Long term planning, take place at top levels of the organisation
3-5 year goal
Sets out organisations basic mission and goals
Q:
Tactical planning 

A:
Medium term planning with middle managers 
Involves interpreting strategic plan and developing business tactics to achieve the strategic objectives 
Concerned with current operations 
Outlines functional roles abs responsibilities 
Q:
Operational planning

A:
Short term, day to day operations 
Serves to guide immediate action 
Involves supervisor and front line managers 
Some activities: rosering, daily check lists, scheduling and compliance to standards 
Q:
Autocratic leadership
A:
When the leader has individual control over all decisions and very little input from other group members 
Rarely accept notice from followers
Make choices based on their idea and judgements 
Q:
Pros and cons (autocratic leadership) 

A:
Pros: can achieve results quickly
Good for crisis situations 
For routine abs unskilled tasks 
With difficult employees 
Cons: low morale 
Employees no chance to express themselves, or contribute knowledge and creativity 
Rebellion and bullying 
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