Management Approaches Flashcards

Flashcards to review key management approaches and concepts.

Classical Approach

Emphasizes efficiency, productivity, and hierarchical structures within businesses.

Planning

Setting goals for the business and working out the best ways to achieve them in a changing environment.

Operational (short-term) planning

To manage the day-to-day operations of a business (e.g. daily and weekly schedules).

Tactical (medium-term) planning

Emphasises adaptable planning and re-allocating resources accordingly over 1-2 years.

Strategic (long-term) planning

To achieve goals over 3-5 years and assess where in the market the business wants to be.

Organising

The next step of business management that puts into practice the predetermined goals in the planning stage.

Controlling

Management evaluates performance and makes changes if needed to make sure goals are being met.

Hierarchical organisational structure

The arrangement that provides increasing authority at higher levels of the hierarchy.

Autocratic leadership style

High task, low process leadership style, making all orders and decisions without employee input.

Behavioural Approach

Stresses that employees should be the main focus of the way the business is organised and consistent.

Management as leading, motivating and communicating

Management should understand and work with people with diverse backgrounds, hopes, desires and expectations.

Advantages of Participative/democratic leadership style

Increased employee recognition, appreciation and empowerment, improved social and mental health, improved relationships between managers and staff.

Disadvantages of Participative/democratic leadership style

Making decisions can be time consuming, powerful people can disrupt the process, less direct orders leading to confusion.

Contingency Approach

Stresses the need for flexibility and adaptation of management practices and ideas to suit changing circumstances.

Advantages of Contingency Approach

Acknowledges the impact of changes in the business environment and encourages flexibility.

Disadvantages of Contingency Approach

Adapting to constant changes in the business environment can be challenging and costly.