Management
- Created by: Olivia Letts
- Created on: 02-01-19 20:39
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- Unit 3.2 ~ Managers, leadership and decision making
- Authoritarian - focus of power with the manager with no delegation (McGregor Theory X)
- Paternalistic - decides what's best for employee with little delegation (child/parent relationship)
- Democratic - power with group, trade off speed of decision making
- Laissez-Faire - leader has little input and delegates power
- Theory X manager - workers need to be controlled and directed - centralised organisation
- Theory Y manager - employees organise themselves and decision making is delegated
- Opportunity Cost - cost of missing out on next big alternative
- Stakeholder Map - considers level of power and interest of stakeholder
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