Helpful Study Material

Here, we study about Laissez-Faire Style of Leadership (LFSL), its characteristics and its advantages and disadvantages in Management. At the end, you will be tested with a mcq. What Is Laissez-Faire Style of Leadership  (LFSL)? Under Laissez-Faire Style of Leadership , the leader lets the group members to make the decision in whatever way they see suitable for achieving the organizational objectives & goals efficiently and effectively. For example , if the sales manager allows his team members to make such decisions which they think suitable to increase sales of the products, as on field members may know better what is the current situation of the market, then such manager follows laissez-faire style of leadership. Characteristics of Laissez-Faire Style of Leadership (i) Freedom Of Making Decisions The leader freely allows the members to make decisions in whatever direction, based on their experiences, knowledge, skills, etc., they feel and thing valuable and suitable for...

What Is Democratic Style of Leadership (DSL)? A leadership style in which leader allows participation from members or employees in decision making, delegate authority and give them opportunity to give feedbacks and suggestions in coaching and improving performance, is called democratic and participative leadership style. So, the decision is made with the mutual understanding of all of the members or employees of the organization. There is a delegation of authority which means that the authority is decentralized and lower managers also have power to manage work tasks and take decisions, give suggestions & opinions according to the authority given by top management with the mutual understanding of all of the members of the organization. So, all the members are encouraged to give suggestions and have impacts in improving decision-making process. For example, if the operational manager is allowed to take participation in decision-making process, then this shows democratic style of lead...

What Is Autocratic Leadership  (AL) ? The correct options of this multiple choice question (mcq) are B and D, as under Autocratic Leadership, the new and unskilled workers and employees need clear and set guidelines & procedures to be followed to perform work tasks. They have lack of knowledge and experiences. They need proper training & develop programs that enable them to perform various job tasks effectively. In case of emergencies, the quick and quality decisions are required in a short period of time as the market is continuously and rapidly changing. So in such situation, the autocratic style of leadership works effectively. Characteristics of Autocratic Leadership (i) Dictatorship Style The leader dictated the work tasks to employees and they must follow the set guidelines as directed by the leader. (ii) Unilateral Decision The leader makes unilateral decision without the mutual consent of all of the members. (iii) No Participation And Delegation of Authority Pa...

What Is D ynamic Environment? A dynamic environment is one which is continuously changing and it is uncertain for the organization. A top-level manager needs to understand external environment in order to make effective plans. For example, if the new technology is used in today’s business, then he should plan about it i.e., how effective use of this new technology can bring improvements in the working performance of the organization, what targets can be achieved by utilizing such technology, etc. There are important steps which a senior manager can follow in today’s dynamic environment. (i) Make Clear-Cut Goals And Flexible Plans The manager should realize that under such environment, goals should be clear-cut. He must know how to carry on the roadmap to achieve these targets. He can change or abandon the plans, but he must be clear about achieving targets. For example, in case of depression in economy, he should focus on the main plan to achieve results i.e., if the company’ goal is t...

This statement is “True” and this concept is called "Commitment Concept" . Explanation of True And False Question Three Contingency Factors, which affect the developing plans, are shown below: (a) Commitment Concept This concept shows that plans should be extended far enough to fulfil the commitments made for these plans. The time frame for plans should be neither too short nor too long, so that required commitment is met and organization goals are achieved efficiently and effectively. Commitment concept is one of the contingency factors which affects the process of developing plans. For example, an organization show its commitment for a long period of time such as 15 years in order to become market leader when the managers planned at the starting stage of its developing. (b) Organizational Levels There are three organization levels called Upper-level, middle-level and lower-level. At lower-level, the managers make operational planning. At middle-level, the middle managers gi...

The statement is “False” , as this is called tradition goal setting approach and not management by objective approach. Answer And Explanation of True or False Question Approaches To Setting Goals In Management There are two approaches to goals setting which are explained below: 1. Traditional Goal Setting Approach (TGSA) Under such approach, top management set the goals which flow down to the next level of hierarchy of management and then finally flow to the bottom level of management where these goals set at top-level become subgoals or small goals, which must become the means in achieving the main goals set at upper-level, at each organizational level. Advantages of This Approach (i) Better Results The top managers can set better targets as they can see big picture of the organization i.e., they are more responsible and look for long-term targets of the organization and as a result better and desired outcomes are possible. (ii) Provide Direction And Guidance Each middle-level and low...