Management

Illustration of a person with a light bulb

• This image represents the concept of entrepreneurship, where individuals start their own businesses.

• This image represents the concept of intrapreneurship, where innovation occurs within an organization.

• This image represents the concept of leadership, focusing on guiding teams towards a common goal.

• This image represents the concept of collaboration, emphasizing teamwork in achieving objectives.

Transactional Management Style Disadvantage

• Employees may feel over-rewarded, leading to complacency.

• If employees regard the reward as insufficient, they become demotivated, often resulting in labor unrest.

• Employees are always satisfied with their rewards, ensuring high morale.

• The management style encourages excessive competition among employees.

A charismatic type of leadership.

• Transactional

• Transformational

• Autocratic

• Laissez-faire

Employees are told what to do but then left to their own devices.

• Autocratic

• Democratic

• Laissez-faire

• Transactional

Organizational chart showing hierarchy: General Manager at the top, followed by Admin Manager, Marketing Manager, and Production Manager, each with a Supervisor below them.

• The diagram illustrates a business hierarchy with a General Manager overseeing Admin, Marketing, and Production Managers, each having their own Supervisor.

• The chart represents a flat organizational structure with equal levels of management.

• The illustration depicts a network of independent teams without a clear hierarchy.

• The diagram shows a single manager overseeing all departments without any supervisors.

A "dictatorship" leadership style.

• Democratic

• Autocratic

• Laissez-faire

• Participative

Democratic management style advantage

• It usually ensures “buy-in” and commitment from people involved in the process.

• It allows for quick decision-making without consulting others.

• It minimizes the involvement of team members in the decision-making process.

• It focuses solely on the leader's vision and directives.

Top-level management includes the Board of Directors, Chief Executives, and General Manager.

• Top-level management is responsible for the overall direction and administration of the organization.

• Top-level management focuses solely on day-to-day operations.

• Top-level management is only concerned with employee welfare.

• Top-level management handles customer service issues.

Image of a person emerging from an eggshell

• Entrepreneurship involves innovation and breaking new ground.

• Entrepreneurship is solely about making money.

• Entrepreneurship requires no risk.

• Entrepreneurship is only for the young.

When employees are encouraged to participate in decision-making.

• Autocratic

• Democratic

• Laissez-faire

• Bureaucratic