50 terms in Topic2
Management, Leadership and Decision Making
Leadership style where leader makes decisions with little/no employee input.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Leadership style seeking employee input in decisions.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Quality of being honest, principled, consistent in values and actions.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Leadership style giving employees maximum freedom and minimal direction.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Directing and inspiring people toward goals.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Approach to directing and influencing people.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Approach to directing employees.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Leadership style combining authority with caring/benevolence toward employees.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Management refers to the process of planning, organising, and controlling resources to achieve objectives. Leadership re
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
(Economic).
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Benefit foregone by choosing one option over another.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
(Economic - already covered).
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Competing by having lowest production costs, enabling low prices.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Individual/group affected by or affecting business.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Disagreement between stakeholders with different interests.
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
A smoothing technique used in time-series analysis that calculates the average of a set number of consecutive data point
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
A type of graph that plots two variables against each other to identify whether a correlation (relationship) exists betw
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
A straight line drawn on a scatter graph that best represents the trend of the data, minimising the overall distance bet
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
Using an established trend (from historical data or a line of best fit) to forecast future values by extending the trend
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
A quantitative decision-making tool that maps out possible options, their probabilities, and expected outcomes in a tree
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
A project management technique that identifies the longest sequence of dependent activities (the critical path) in a pro
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
A diagram used in Critical Path Analysis that maps all activities in a project showing their sequence and dependencies,
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
In Critical Path Analysis, the earliest possible time at which an activity can begin, based on when all preceding activi
Managers, Leadership and Decision Making
Management, Leadership and Decision Making
In Critical Path Analysis, the latest time at which an activity can be completed without delaying the overall project co
Managers, Leadership and Decision Making
The Role and Importance of Stakeholders
A model showing leadership styles on a spectrum from fully autocratic to fully democratic.
Managers, Leadership and Decision Making
The Role and Importance of Stakeholders
A framework plotting stakeholders by power and interest to determine the best management approach for each group.
Managers, Leadership and Decision Making
The Role and Importance of Stakeholders
When two or more stakeholder groups have opposing interests, creating tension the business must manage.
Managers, Leadership and Decision Making
Understanding Management Decision Making
In Critical Path Analysis, the amount of time an activity can be delayed without delaying the overall project completion
Managers, Leadership and Decision Making
Understanding Management Decision Making
A focus on immediate or near-term results at the expense of long-term sustainability and investment, often driven by pre
Managers, Leadership and Decision Making
Understanding Management Decision Making
A focus on sustainable long-term business outcomes over short-term financial metrics, prioritising investment in people,
Managers, Leadership and Decision Making
Understanding Management Decision Making
The time horizon over which a business makes its strategic and financial decisions, ranging from short-term (weeks to mo
Managers, Leadership and Decision Making
Understanding Management Decision Making
A decision made by systematically gathering and analysing relevant data and research before choosing a course of action,
Managers, Leadership and Decision Making
Understanding Management Decision Making
A decision based on personal judgement, intuition, experience, or values rather than objective data or systematic analys
Managers, Leadership and Decision Making
Understanding Management Decision Making
An organisational culture centred on one or a few powerful individuals at the centre of a web of influence, who make mos
Managers, Leadership and Decision Making
Understanding Management Decision Making
An organisational culture characterised by formal rules, procedures, and clearly defined roles. Decision-making follows
Managers, Leadership and Decision Making
Understanding Management Decision Making
An organisational culture focused on completing projects and achieving specific outcomes. Teams are formed around tasks,
Managers, Leadership and Decision Making
Understanding Management Decision Making
An organisational culture where individuals prioritise their own interests and expertise over the organisation's needs.
Managers, Leadership and Decision Making
Understanding Management Decision Making
An individual or group within the organisation who has a direct interest in its activities and decisions. Includes emplo
Managers, Leadership and Decision Making
Understanding Management Decision Making
An individual or group outside the organisation who has an interest in or is affected by its activities. Includes custom
Managers, Leadership and Decision Making
Understanding Management Decision Making
A management philosophy that argues businesses should be run for the benefit of all stakeholders — employees, customers,
Managers, Leadership and Decision Making
Understanding Management Decision Making
The market price at which a single share in a company can be bought or sold on the stock exchange, reflecting investor e
Managers, Leadership and Decision Making
Understanding Management Decision Making
The application of moral principles to business decisions and behaviour, addressing what is right and wrong in commercia
Managers, Leadership and Decision Making
Understanding Management Decision Making
The structured process of planning, implementing, and embedding change within an organisation to minimise disruption and
Managers, Leadership and Decision Making
Understanding Management Decision Making
Any significant alteration to the structure, culture, processes, systems, or strategy of an organisation.
Managers, Leadership and Decision Making
Understanding Management Decision Making
A leadership style in which leaders inspire and motivate followers to achieve extraordinary outcomes by articulating a c
Managers, Leadership and Decision Making
Understanding Management Decision Making
The tendency of individuals and groups within an organisation to oppose or slow down the implementation of change, often
Managers, Leadership and Decision Making
Understanding Management Decision Making
The process of identifying and developing internal employees to fill key leadership or specialist positions in the futur
Managers, Leadership and Decision Making
Understanding Management Decision Making
Employees whose skills, knowledge, relationships, or leadership are so critical to business operations that their depart
Managers, Leadership and Decision Making
Understanding Management Decision Making
Minimal government intervention in economy.
Managers, Leadership and Decision Making