1. Entrepreneur
Are you one?

2. 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

3. 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?

4. 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

5. Management Qualities Risk taker Determined Confident Enterprising
Flexible
Research and explain these qualities. Why are they important.

6. 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?

7. Autocratic Style Manager makes all the decisions
Discussion with staff is not encouraged
Manager has complete control
Lord Alan Sugar

8. 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”

9. Democratic Style Managers involve staff in decision making
Discussion happens between staff and management
Sir Richard Branson

10. 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

11. 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

12. 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