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Question No: 1
What is the definition of Leadership? Keeping in view the leadership styles (Autocratic, Democratic & Laissez-fair), please fill in the given table.
Answer:

Leadership is the art of motivating a group of people to act towards achieving a common goal. In a business setting, this can mean directing workers and colleagues with a strategy to meet the company's needs.

This leadership definition captures the essentials of being able to inspire others and being prepared to do so. Effective leadership is based upon ideas (whether original or borrowed), but won't happen unless those ideas can be communicated to others in a way that engages them enough to act as the leader wants them to act.

Put even more simply, the leader is the inspiration and director of the action. He or she is the person in the group that possesses the combination of personality and leadership skills that makes others want to follow his or her direction.

-
“Leadership is the art of getting someone else to do something you want done because he wants to do it.”

Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent.

Fill the given table;
Leadership Styles Description Strengths Weaknesses

Autocratic The leader tells his or her employees what he wants done and how to it is to be accomplished; the leader does not take their advice in the matter. 1.Quick decision making

2.Clear team expectation

3.Identify problems early

4.Crisis management or tight timeline 1.If abused, leader seen as “bully,” “uncaring,” or “tyrannical”

2.May stifle creativity or innovation-team is leader-dependent

3.Increased workload for the leader

Democratic A democratic leadership style is a leadership style in which employees have a say and input into decisions that affect the bossiness. It allows workers a high degree of participation in the decision making process as well as open communication channels b/w workers and management. 1.Team cooperation and motivation

2.Team feels engaged in process

3.Higher quality work
1.Leader spends too much time listening

2.Long decision-making cycle

3.Griping Sessions

Laissez fair
Think “hands-off” when you talk about laissez-faire style of leadership. Leader delegate responsibility for the accomplishment of work objective and hand over decision-making power to their employees.
“A business has to be involving, it has to be fun, and it has to exercise your creative instincts.” 1.Great for creating future leaders

2.Delegation of tasks result in better use of time for the leader

3.Successors are organically created

4.Enable employees to have creative freedom and approach their task autonomy 1.Employees or team member who need more direction can be at a loss
2.Productivity can suffer if the leader fails to imbue a strong sense of accountability among his/her staff
3.Each employs or team member needs to high level of self-motivation to work under this leadership style
Question No: 2

What is the definition of Management? Briefly describe the four functions of management in your own words.

Answer:

Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals.
Originally, there were five management functions, but management book authors have condensed them to four: planning, organizing, leading and controlling. The fifth function was staffing.

Function One: Planning
Planning involves deciding where to take a company and selecting steps to get there. It first requires managers to be aware of challenges facing their businesses, and it then it requires managers to forecast future business and economic conditions. They then formulate objectives to reach by certain deadlines and decide on steps to reach them. They re-evaluate their plans as conditions change and make adjustments as necessary. Planning helps allocate resources and reduce waste as well.

Function Two: Organizing
Managers organize by bringing together physical, human and financial resources to achieve objectives. They identify activities to be accomplished, classify activities, assign activities to groups or individuals, create responsibility and delegate authority. They then coordinate the relationships of responsibility and authority.

Function Three: Leading
Leading requires managers to motivate employees to achieve business objectives and goals. It requires the use of authority to achieve those ends as well as the ability to communicate effectively. Effective leaders are students of human personalities, motivation and communication. They can influence their personnel to view situations from their perspectives. Leading also involves supervision of employees and their work.

Function Four: Controlling
Controlling is a function of management that involves measuring achievement against established objectives and goals. It also requires managers to be able to identify sources of deviation from successful accomplishment and to provide a corrective course of action. Managers first establish objectives and goals, then measure achievement of them, identify anything that is keeping the company from achieving them, and provide means of correction if necessary.

Controlling does not necessarily involve achieving only monetary goals and objectives. It can also relate to no tangible goals and objectives like meeting a production quota or reducing customer complaints by a certain amount.

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