Organisation at TU München

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Two central management problems?

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What are the perspectives on Corporate Governance? (2 dimensions)

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Agency relationship: Why do contracts often not work? What are solutions?
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What are the disciplanary forces of the management?

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Pro/Con Arguments to Friedman's social responsibility argument?

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What makes unethical behavior contagious?

Exemplary flashcards for Organisation at the TU München on StudySmarter:

potential reasons for conflicts and misunderstandings between supervisors & employees?
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Exemplary flashcards for Organisation at the TU München on StudySmarter:

Definition of leadership in science?

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What should you know about trait theory?

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Behavioral leadership theory: explain the construct by Rosenstil

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Situational leadership: what is the general idea and what does it depend on
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Main two leadership styles?

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Exemplary flashcards for Organisation at the TU München on StudySmarter:

Organisation

Two central management problems?
1. Lack of motivation (motivation) 2. Lack of knowledge (coordination)

Organisation

What are the perspectives on Corporate Governance? (2 dimensions)
1a. Organization -> inward 1b. Organization -> outward 2a. Formal Structure 2b. Behavioral Structure 3b. Behavioral Process

Organisation

Agency relationship: Why do contracts often not work? What are solutions?
Problem: Information asymmetry between principal and agent. Solution: Watch, Count, Pay

Organisation

What are the disciplanary forces of the management?
Markets: 1. Stock market 2. Labour market ("market value" of manager) 3. Debt market

Organisation

Pro/Con Arguments to Friedman's social responsibility argument?
Pro: - expertise in profit maximisation - no right to do anything other Con: - owner is not relieved from moral obligation - owners also transfer moral obligation to managers - individual responsibility of manager - crime precedes law

Organisation

What makes unethical behavior contagious?
It's about in-groups. cheating within in-group: signal of social acceptable cheating outside of in-group: dissociation from that group

Organisation

potential reasons for conflicts and misunderstandings between supervisors & employees?
downwards: 1. missing vision 2. unclear vision 3. not sufficient information of employees 4. mistakes in leader behavior upwards: 1. missing employee identification 2. missing motivation 3. fear of change

Organisation

Definition of leadership in science?
P. Drucker: "has followers" Maxwell: "influence"

Organisation

What should you know about trait theory?
- Idea: leader has certain traits - How to measure traits: OCEAN - Not sufficient (only explains 22%)

Organisation

Behavioral leadership theory: explain the construct by Rosenstil
2 dimensions of leadership behavior: 1. Task orientation 2. Person orientation From this derive leadership styles: (0,0) indifferent (1,0) dictator (0,1) accomodating country club (1,1) sound/team middle: status quo

Organisation

Situational leadership: what is the general idea and what does it depend on
general idea: different leadership behavior/style according to situation depends on: - culture - management - values - task - competencies - employee

Organisation

Main two leadership styles?
transactional <-> transformational

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