Entrepreneur Are you one?
Who are they, what are they famous for 1 Art Fry 2 Michelle Mone 3 Bill Gates 4 Oprah Winfrey 5 Ray Kroc 6 Larry Page and Sergy Brin 7 Michael Dell 8 Karren Bradey 9 Duncan Bannatyne 10 Estee Lauder 11 Richard Branson
What skills and qualities do you have? Skill - something that you learn to do over a period of time. Quality - something that you would have been born with. It is something that will improve as you get older as it is a part of your personality. What skills and qualities do you have?
Management Skills Communications skills Delegation skills Decision-making skills Motivational skills Leadership skills Research and explain these skills. Why are they important. File in Staff Shared called Management Skills. Used to go over answers
Management Qualities Risk taker Determined Confident Enterprising Flexible Research and explain these qualities. Why are they important.
Any ideas what these are? Management Styles Managers can run their businesses in different way There are 3 main types: Autocratic Democratic Laissez-faire Any ideas what these are?
Autocratic Style Manager makes all the decisions Discussion with staff is not encouraged Manager has complete control Lord Alan Sugar
Autocratic Advantages Decisions are made quickly Everything is completed Good for low skilled employees Disadvantages Motivation for staff is reduced Skills and expertise is wasted Creates a feeling of “them and us”
Democratic Style Managers involve staff in decision making Discussion happens between staff and management Sir Richard Branson
Democratic Advantages Staff are involved and motivated Staff skills can be used Less supervision required Disadvantages Decision making can be slow Lots of meetings required Staff may be inexperienced leading to mistakes
Laissez-faire Staff are left to make their own decisions Managers trust their staff to do their jobs Very relaxed style of management Richard Reed
Laissez-faire Advantages Staff are motivated Staff can plan the structure of their work Good for creative businesses - designers Disadvantages Tasks may not be completed on time due to lack of supervision Staff may not like an unstructured approach to work