5.3 Principles Of Leadership And Management Case Study

3143 Words13 Pages
20.05.2015 3 Principles of Leadership and Management 1.1. Explain the importance of defining the objectives, scope and success criteria of the decisions to be taken. It is important to define objectives of any task to outline to all level colleagues what task needs to be completed, they should be outlined and set out using the SMART guide; Specific Measurable Achievable Realistic Time bound To define the objectives ensures a consistent work effort and will ensure practices adhere to company set policies, procedures and managerial requirements. Defining the scope of a task ensures that all efforts are sufficiently risk assessed and employees remain safe from harm, this will ensure thorough risk assessment takes place as would…show more content…
Explain the difference in the influence of managers and leaders on their teams. This would be based very heavily on a person’s leadership style and this is usually gauged through their levels of empathy and how they manage and lead their individual teams see below chart of management styles. Each style would affect the team in different ways and would play to their strengths but may also not be effective for all members of a team this is why it become important to skill mix teams and allow for all areas of experience to be given an opportunity to work together. 2.2. Evaluate the suitability and impact of different leadership styles in different contexts. Autocratic – this style appears more suited to factory style works for high risk situations in which there is one best perceived way and this helps to eliminate risks associated with the job but also leads to a single level of accountability for the person leading in this way, in terms of the impacts of this approach in a factory style situation there would be no reason for creativity as there is usually one product being created in a uniform…show more content…
In contrast to financial accountancy information, management accounting information is: Primarily forward-looking, instead of historical; Model based with a degree of abstraction to support decision making generically, instead of case based; Designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators; Usually confidential and used by management, instead of publicly reported; Computed by reference to the needs of managers, often using management information systems, instead of by reference to general financial accounting

More about 5.3 Principles Of Leadership And Management Case Study

Open Document