Motivation and Leadership styles

missiep
Mind Map by , created almost 6 years ago

Chapter 2 and 3 business

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missiep
Created by missiep almost 6 years ago
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Motivation and Leadership styles
1 Motives = factors encouraging entrepreneurs to go into business and make particular decisions
1.1 Non-profit motives = motives not linked to profit
1.1.1 Profit = revenue - costs compensates for taking risks
1.1.2 Examples
1.1.2.1 self-fulfillment
1.1.2.2 family business
1.1.2.3 control
1.1.2.3.1 over hours
1.1.2.3.2 over activities
1.1.2.3.3 over location
1.1.2.4 creativity
1.1.2.5 hobby
1.2 Ethical motive = doing what is right
1.2.1 benefits environment or society
2 Motivation = meeting needs of employees to encourage hard work and commitment so they work more efficiently
3 Leadership
3.1 Autocratic = no consultation when making decisions + little reasoning given as to why
3.1.1 Good: quick + effective with low skilled employees
3.1.2 Bad: de-motivating + segregating
3.2 Democratic = guide, not dictate + wide encouragement of decision making participation
3.2.1 Good: delegation is motivating + better when specialist skills are required
3.2.2 Bad: errors made if not skilled enough
3.3 Paternalistic = consult at every level with reasoning but make own final decisions
3.3.1 Good: motivating + social needs met
3.3.2 Bad: slower
4 Theory X and Y
4.1 Assumptions by management professor, Douglas McGregor who worked at top US uni's in 1950's
4.2 Theory X = have little ambition, dislike work. Require incentives and punishment
4.3 Theory Y = enthusiastic , enjoy responsibility, delegation, challenges and goals. Are self-motivated

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