AICE Business Chapter 12 Vocab

Manager

The person responsible for setting objectives, organising resources, and motivating workers so that the objectives of the business are met

Management

The organisation and coordination of activities to achieve the objectives of the business

Autocratic Management

A management style where one manager makes all the decisions with little input from others

Democratic Management

A management style that encourages the active participation of workers in decision making

Paternalistic Management

A management style based on the view that the manager is in a better position than the workers to know what is best for an organisation

Laissez-Faire Management

A management style that leaves most of the decision-making to the workers

Theory X

A view that some managers believe that their workers dislike work, avoid responsibility, and aren’t creative

Theory Y

The view that some managers have that their workers enjoy work, accept responsibility, and are creative