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Mangement
Is the process of planning , organizing, leading, and controlling resources to achieve organizational goals.
Leadership
The ability to inspire, motivate and influence people to achieve a common goal.
Planning
Setting goals and deciding how to achieve them
Organising
Arranging people and resources so work is completed efficiently
Leading
Guiding, motivating and supporting employees
Controlling
Checking performance and making improvement if needed
Management vs Leadership
Management- plans, organises , controls and makes sure work gets done
Leadership- inspires, motivates, influences and helps people achieve goals
Mangement by Objectives (MOB)
Mangers and employees agree on clear goals together and then work towards achieving them
Adv of Mangement by objective
Employees know exactly what they need to achieve so motivation and performance can improve
Disadv of Management by Objectives
Setting goals can take time and unrealistic targets may reduce motivation
Situational Leadership
A leader changes their leadership style depending on the situation or employees
Contingency Theory
There is no single best leadership style and best style depends on the employees, the business and the situation
Functional leadership
The leader focuses on making sure all important tasks are completed so the team achieves its goals (Get the job done)
Action-Centred Leadership
John Adair (1973) said a leader must balance 3 things which are Task, Team and Individual
Transformational Leadership
A leader inspires employees with a vision and encourages change and innovation (Inspires people to improve)
Transactional Leadership
A leader manages using rewards and punishments
For example meeting target= bonuses, miss target= warning
Remember : Reward or punishment
Transformational vs Transactional
Transformational- inspires, motivates, encourages
Transactional- rewards, punishes, focuses on the rules
Leadership Continuum
The leadership continuum shows how much control the manger keeps and how much freedom employees have
One side: Mangers makes all decisions
Other side: Employees make more decisions
Who created the Leadership Continuum
Tannenbaum and Schmidt
What are the Five leadership theories in Unit 6
Management by Objectives (MBO)
Situational & Contingency
Functional Leadership
Action-Centered Leadership
Transformational & Transactional Leadership
Leadership continuum ( Tannenbaum & Schmidt)