AQA A level business Unit 2

power to carry through an action

exchange of information between parties

passing authority from centre of organisation to those working elsewhere in the business

model that represents the likely outcomes for a business of a number of courses of action

passing authority down the organisational hierarchy

providing subordinates with means to exercise power

moral principles, should underpin decisions

external forces that influence business activity

functions of ruling, guiding and inspiring others

getting things done through others

expected value of an action minus costs

decisions that require unique solutions

The next best alternative foregone

change of a particular event occurring

familiar and routine decisions

chance of incurring misfortune or loss

based on data and uses rational approach

duties a business has towards stakeholders groups

process where managers involve groups in decisions that effect them

groups with an interest in a business

unpredictable situations with lack of knowledge

people or task oriented

set objectives, analyse, lead, make decisions, review

set objectives, analyse, lead, make decisions, review

Political, Economic, Social, Technological, Legal, Environmental

reliability, timely, quantity

corporate culture, skills and employees, lack financial control

authoritarian, laissez-faire, paternalistic, democratic, bureaucratic, tannenbaum schmidt, blake mouton, mcgregor x, mcgregor y

workers are lazy and need supervisions

workers are self motivated problem solvers

tells employees what to do

lets employees make decisions

steps in on decisions when needed

listens to employees about decisions

country club, team, produce or perish, impoverished, middle of the road

structure, situation, culture, task, employees, time

setting overall plan

day to day decision

probability multiplied by outcome

win win or win lose

commitment to contribute to community and environment

high concern for people, low concern for task

high concern for people, high concern for task

low concern for people, low concern for task

low concern for people, high concern for task

medium concern for people, medium concern for task