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Leaders
Are visionaries who inspire and drive change, focusing on setting a goal and motivating people
Managers
Concentrate on executing visions through organised practical methods .
Paternalistic
Managers or leaders who sees subordinates as family members there by guiding and protecting them when decisions are made
Laissez faire
Refers to managers or leader who is comfortable and used to give authority to employees
Autocratic
Refers to managers or leaders who does not consult employees in the decision making process
Democratic
Refers to managers or leaders who give employees authority in the decision making process as well as consult them in the process too
Situational
Refers to managers or leaders who is both willing and able to change and adapt according to different circumstances and scenarios
Taylor management theory
Organising work that focuses on making tasks more effiecnt by studying them
Maslow hierarchy of needs
Proposed that humans needs are organised in a hierarchy
1.physiological 2.saftey 3. Social 4. Esteem 5.self actualisation
Herzberg motivation hygiene theory
Identified factors that either motivate or demotivate employees
Motivation (achievement, recognition, job satisfaction)
Hygiene factors (salary , working conditions , job security)
Role of finance
Finances is needed to start a business
Starting a business
Expansion
Working capital
Innovation
Capital expenditure
Refers to a business spending on non current assets or equipment of a business
Finance
Refers to the various available money that an organisation has to find its business activities
Revenue expenditure
Refers to business spending on its everyday and regular operations
Asset
Anything that a business owns and has a marketable value
Internal sources of finances
Are those that come from within the organisation , form it’s own resources and assets , without the help of a third party
Personal funds
Are internal sources or finances that come form the savings of the business tat are used to finance their startup
Retained profit
having a financial surplus
Share capital
money raised from Company shares, preferences
Business angels
private investors that choose invest in a new business venture that offers a larger potential growth .
Crowdfunding
Involves money raising form a small amounts of money from a large number of people to fund a particular business project or venture .
Trade credit
Enables a business to purchase and obtain good and services but to pay for these at a later date
Micro finance provides
Are for profit social enterprises that offer a financial service to those without a job or very low incomes
Overdrafts
Allows a business to temporarily draw out more than the funds in their bank account
Loan capital
Loans obtained from commercial lenders
Leasing
A contract that allows a lessee to rent goods form a lessor .
Debentures
Long time loans
Note 
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