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Unit 6 Principles of Management Flashcards | StudBud
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Unit 6 Principles of Management
What is Situational management/leadership?
Business Culture will influence...
Unit 6 Principles of Management
16 terms
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StudBud Administration
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Learning aim A and B
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Questions
16
Answers
1
Business Culture will influence...
Management Practices
How people work
Policies and Procedures
Mike from Accounts
2
What is Situational management/leadership?
When managers/leaders adapt their style to the situation
When leaders/managers create a situation
When your leader is Mike "the Situation" from Jersey Shore
When managers adapt their style to where they are situated
3
A change in organisational size is an internal factor. Examples of achieving this are...
Organic Growth
Firing Mike from accounts
Inorganic Growth
Cost Minimisation
4
What is internal contraction
Selling off elements of the business
New product development including diversification
Delayering & closing down unprofitable elements
Mergers and takeovers
5
Internal change is...
Change from outside the business
Change that comes from within Dave, the manager
Change that happens from within the business
6
New Owners is an internal change. Examples are...
Promoting Vicky from HR
Takeover
Next generation
Trump saying he's the best owner in the history of owners
7
External Change is...
Change that happens from outside of the business
Change that happens because people now follow Lil Pump
Change that happens because of teenagers
8
What stakeholders influence change externally
managers/leaders
Owners
Customers/regulators/financial institutions
Employees
9
What are the 3 elements of Functional and Action-Centred Leadership?
Task, Manager, Individual
Team, Manager, Leader
Team, Leader, Individual
Team, Task, Individual
10
Directors may have an objective of growth this can be achieved by what?
External contraction
Inorganic growth
Internal contraction
Organic growth
11
Factors of internal change include...
poor business performance
new ownership
Dave from Marketing's "fresh trim"
changes in organisational size
12
What are the 4 categories of leadership in the Tannebaum Schmidt Continuum?
Directs, Tells, Consults, Listens
Sells, Tells, Consults, Participates
Sells, Consults, Listens, Participates
Sells, Tells, Directs, Participates
13
Which of the following is the odd one out?
Monitoring, Controlling, Envisioning, Coordinating
Organising, Controlling, Delegating, Monitoring
Planning, Organising, Coordinating, Controlling
Delegating, Controlling, Monitoring, Planning
14
Factors of external change...
PETA
PESEL
PESTLE
Competitive Environment
15
Organic Growth examples...
Growing organic food
Opening new stores
New product development
Aggressive takeover of a smaller competitor
16
What is an example of internal change
legislation
market trends
competition
cash flow
