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What is the main difference between a dual board and a Unitary board?
One board for oversight and management. Dual Board: Two separate boards (supervisory and management).
What are the four main groups of people companies require to get things done?
Executives: Manage operations. Managers: Oversee teams/projects. Employees: Perform tasks. Directors: Provide governance and strategy.
Who are directors appointed by?
Directors are appointed by shareholders
What is the difference between commanding and controlling?
Commanding: Directing subordinates to act. Controlling: Monitoring and regulating performance.
What is a trade union?
An organization representing workers' interests, negotiating on wages and working conditions.
What is the job of a supervisor?
Oversee and coordinate the work of employees, ensuring tasks are completed effectively.
What is the main difference between an executive director and a non-executive director?
Executive Director: Involved in daily management. Non-Executive Director: Provides independent oversight without day-to-day involvement.
What are the advantages of autocratic leadership?
Quick decision-making, clear direction, and effective in crisis situations
What are the disadvantages of autocratic leadership?
Can lead to low morale, lack of creativity, and high turnover rates
What are the advantages of laissez-faire leadership?
Fosters innovation, encourages personal accountability, and can lead to high job satisfaction.
What are the disadvantages of laissez-faire leadership?
Can result in lack of direction, reduced productivity, and potential for confusion among team members.
