briefcase.png

Briefcase

Unit 2 - Human Resource Management - QB

chart-increasing.png

Chart Increasing

Unit 1 - Introduction To Business Management - QB

money-bag.png

Money Bag

Unit 3 - Finance & accounts - QB

direct-hit.png

Direct Hit

Unit 4 - Marketing - QB

factory.png

Factory

Unit 5 - Operations management - QB

bar-chart.png

Bar-Chart

Unit 6 - Assessment

<ul>
	<li>Plan: It&#39;s like setting the GPS for your business trip! 🗺️ Management sets a direction and objectives.</li>
	<li>Organize: Putting together the puzzle pieces. Ensure resources (people, equipment, money) are in place.</li>
	<li>Command: Giving orders, but not like a pirate captain! 🏴&zwj;☠️ It&#39;s about clear communication.</li>
	<li>Coordinate: Making sure all departments or teams play nice together, like a conductor in an orchestra 🎻.</li>
	<li>Control: Checking progress and making sure we&#39;re on the right track. It&#39;s the game review!</li>
</ul>

<ul>
	<li>Manager: Plans &amp; oversees work. Think of them as the coaches in a football game; they strategize the game!</li>
	<li>Leader: Motivates &amp; inspires. They&#39;re the cheerleaders that get the crowd (or team) hyped up!</li>
</ul>

<ul>
	<li>Autocratic Leaders: Like a medieval king. 🤴 Makes all decisions; expects everyone to follow without questioning.
	<ul>
		<li>Real-world Example: Think Steve Jobs. He was known for his hands-on approach at Apple.</li>
	</ul>
	</li>
	<li>Paternalistic Leaders: It&#39;s like a caring dad in a business suit. Decides a lot but genuinely cares for the employees.
	<ul>
		<li>Real-world Example: Richard Branson of Virgin Group often takes a family approach with his employees.</li>
	</ul>
	</li>
	<li>Laissez-faire Leadership: Chilled-out bosses! 🍹 They trust employees to make decisions and solve issues.
	<ul>
		<li>Real-world Example: Google allows its engineers &quot;20% time&quot; to work on personal projects.</li>
	</ul>
	</li>
	<li>Democratic Leaders: Power to the people! 🙌 Involves employees in decisions &amp; keeps them informed.
	<ul>
		<li>Real-world Example: Ben &amp; Jerry&#39;s ice cream often involves employees in decision-making processes.</li>
	</ul>
	</li>
</ul>

<ul>
	<li>Different cultures might prefer different leadership styles. An autocratic style might work in one place but fail miserably in another.</li>
	<li>Ethical considerations play a role too! A leader should be respectful, fair, and promote a positive working environment.
	<ul>
		<li>Real-world Example: Companies like Patagonia emphasize ethical considerations, greatly influencing their leadership and overall company cultur</li>
	</ul>
	</li>
</ul>

🤓 Pro Tip: Remember, there isn&rsquo;t a &ldquo;one-size-fits-all&rdquo; leadership style. The best leaders adapt their style based on their team and situations!

&nbsp;

Happy studying! 🌟📚🍀

Key Management Functions & Leadership Styles Explained

ib-standard-level.webp

Standard Level

Business Management SL

Unit 2 - Human Resource Management - QB

Key Management Functions & Leadership Styles Explained

Table of content

Understanding the five golden functions of management 📌

The big difference - manager vs. leader 🎩 vs. 🌟

Unlock the Full Content!

Unit 2 - Human Resource Management - QB

Key Management Functions & Leadership Styles Explained

Table of content

Understanding the five golden functions of management 📌

The big difference - manager vs. leader 🎩 vs. 🌟

Unlock the Full Content!