Autocratic leaders make decisions without consulting their team members, even if their input would be useful. This can be appropriate when you need to make decisions quickly, when there's no need for team input, and when team agreement isn't necessary for a successful outcome. However, this style can be demoralizing, and it can lead to high levels of absenteeism and staff turnover.
Democratic leaders make the final decisions, but they include team members in the decision-making process. They encourage creativity, and people are often highly engaged in projects and decisions. As a result, team members tend to have high job satisfaction and high productivity. This is not always an effective style to use, though, when you need to make a quick decision.
Laissez-faire leaders give their team members a lot of freedom in how they do their work, and how they set their deadlines. They provide support Add to My Personal Learning Plan with resources and advice if needed, but otherwise they don't get involved. This autonomy can lead to high job satisfaction, but it can be damaging if team members don't manage their time well, or if they don't have the knowledge, skills, or self motivation to do their work effectively.
2. Environment
Business environment is the sum total of all external and
internal factors that influence a business. You should keep
in mind that external factors and internal factors can
influence each other and work together to affect a business.
For example, a health and safety regulation is an external
factor that influences the internal environment of business
operations.
3. InternalFactors
Internal environmental
factors are events that take
place Inside of the
organization and are easy to
predict and control.
Internal factors controllers called as managers.
Managers:
Production manager
Marketing manager
R & D manager
Finance manager
Sales manager etc.
ExternalFactors
External environmental
factors are events that take
place outside of the
organization and are harder
to predict and control.
Competitors
Collaboration
Technology
Govt. etc
4. Competitors
A competitive environment is the dynamic external system in which a
business competes and functions. The more sellers of a similar
product or service, the more competitive the environment in which
you compete. Look at fast food restaurants - there are so many to
choose from; the competition is high. However, if you look at
airlines servicing Hawaii, very few actually fly to the islands.
Direct competitors are businesses that are selling the same type of
product or service as you. For example, McDonald's is a direct
competitor with Burger King.
Indirect competitors are businesses that still compete even though
they sell a different service or product.
5. Collaboration
Collaborative, in a nutshell, is the process of sharing
resources to increase leads, brand, and influence. Not
surprisingly, the Internet has made the option of
collaborative marketing easier than ever.
6. Technology
Ironically, the problem and solution are the same thing: technology.
Technology is a much more broader concept than many people today
think it is. It is the application of knowledge to the world that
allows people to affect their environment by controlling or changing
it.Technological change can bring about advantages and opportunities
for businesses. Obviously, new technology can create new products
and services, thereby creating entire new markets for a business.
Moreover, improvements in technological products and processes can
increase productivity and reduce costs.
7. Government
Governments create the rules and frameworks in which businesses are
able to compete against each other. From time to time the government
will change these rules and frameworks forcing businesses to change
the way they operate. Business is thus keenly affected by government
policy.
Key policies
Economical policies
Legal changes
8. Productionmanager
A production manager is involved with the planning,
coordination and control of manufacturing processes. They
ensure that goods and services are produced efficiently and
that the correct amount is produced at the right cost and
level of quality.
9. Marketingmanager
Marketing managers need to have a good knowledge of the customer.
This means building up an accurate picture using the resources that
are available. It is important to take personal opinion out of as
many decisions as possible – you probably don't think in the same
way as a typical customer. Information can be gathered from
questionnaires, focus groups, the internet, interviews, buying
habits and many more sources, but it's important that the
information is examined in a scientific way using proper statistical
methods. Gut feel can only take your business so far.
10. R&Dmanager
R&D management can be defined as where the tasks of innovation
management meet the tasks of technology management. It covers
activities such as basic research, fundamental research, technology
development, advanced development, concept development, new product
development, process development, prototyping, R&D portfolio
management, technology transfer, etc., but generally is not
considered to include technology licensing, innovation management,
IP management, corporate venturing, incubation, etc. as those are
sufficiently independent activities that can be carried out without
the presence of a R&D function in a firm.
11. Financemanager
Financial managers are responsible for the financial health
of an organization. They produce financial reports, direct
investment activities, and develop strategies and plans for
the long-term financial goals of their organization.
Financial managers work in many places, including banks and
insurance companies.
12. Salesmanager
Sales managers work closely with managers from other
departments. For example, the marketing department identifies
new customers that the sales department can target. The
relationship between these two departments is critical to
helping an organization expand its client base