IB Business Management SL - 2.3. Leadership and management

Five functions of management

Planning, Organizing, Commanding, Coordinating, Controlling

Planning

Managers need to set strategic, tactical and operational objectives that affect different parts of the organization

Organizing

Managers need to make sure the business has sufficient resources to achieve objectives

Coordinating

Managers must bring together various resources to achieve objectives

Commanding

Managers need to make sure all individuals know which duties they are to perform

Controlling

Managers have power to control for quality of different processes and change them if necessary

Leader

They have the ability to inspire people to follow them, they are focused on building relationships.

Autocratic

Leader that takes all the decisions and doesn't delegate

Paternalistic

Leader assumes the role of a father figure, promotes loyalty and trust

Democratic

Leader consults with their team before taking any decisions

Laissez-faire

Extreme version of the democratic leadership, where employees can make their own decisions

Situational

The type of leadership will depend on the situation

Factos that affect a leader

Culture, Leader, Organizational structure, Tasks, Subordinates

Three roles of management

Doctors, problem-solvers, culture jogglers

Five basic functions

• Set organizational objetives

• Organize tasks

• Communicate with people and motivate them

• Measure performance

• Favor employee's development

Differences between leadership and management

• Time and devotion

• Roles and responsibilities

• Influence over others

• Risk-taking

• Vision

Doctors

They have to solve the company's "health" problems

Problem-solvers

They often face problems that need solving

Cultural jugglers

They have to know how to integrate different cultures so that they don't clash

Helicopter factor

Leaders need to elevate themselves above situations so they can see the whole picture