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Describe one motivational theory commonly used in management - Leaving Cert Business - Question 4 - 2006
Question 4
Describe one motivational theory commonly used in management. Discuss three styles of leadership. Using examples, analyse the importance of four different enterpri... show full transcript
Worked Solution & Example Answer:Describe one motivational theory commonly used in management - Leaving Cert Business - Question 4 - 2006
Step 1
Describe one motivational theory commonly used in management.
Answer
One widely recognized motivational theory in management is Maslow's Hierarchy of Needs. This theory posits that human needs are arranged in a hierarchical order, starting from basic physiological needs to higher-level psychological needs. The five levels are:
- Physiological Needs: These are the basic needs for human survival, including food, water, shelter, and sleep.
- Safety Needs: Once physiological needs are met, individuals seek safety and security, which includes personal and financial security, health, and well-being.
- Love and Belongingness Needs: These encompass emotional relationships, such as friendships, family, and connections with others, highlighting the need for interpersonal relationships.
- Esteem Needs: At this level, individuals seek self-esteem and recognition from others, encompassing feelings of accomplishment and respect.
- Self-Actualization Needs: This is the highest level, where individuals strive for personal growth, self-fulfillment, and realizing their potential.
In the context of management, understanding this hierarchy helps leaders motivate employees by addressing their current needs.
Step 2
Discuss three styles of leadership.
Answer
Three prominent styles of leadership include:
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Autocratic Leadership: This style is characterized by a leader who makes decisions unilaterally, controlling all activities without input from team members. While it can lead to quick decision-making, it may stifle creativity and reduce team morale due to a lack of collaboration.
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Democratic Leadership: Unlike autocratic leaders, democratic leaders encourage participation from team members in the decision-making process. This approach fosters a sense of belonging and empowerment, leading to higher morale and innovative outcomes due to diverse input.
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Laissez-Faire Leadership: In this hands-off approach, leaders provide minimal supervision and allow team members to make decisions. This style can be effective when team members are highly skilled and self-motivated, though it risks a lack of direction and accountability.
Step 3
Using examples, analyse the importance of four different enterprising skills and relate two to business and two to the community.
Answer
Four important enterprising skills include:
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Risk Taking: In business, taking calculated risks can lead to innovation and growth. For example, a start-up that invests in a new technology may capture a niche market before competitors. In the community, individuals who take risks to start social initiatives can create positive change, fostering engagement and problem-solving amongst community members.
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Flexibility: In a business context, flexibility allows organizations to adapt to changing market demands, leading to sustained success. For instance, during the COVID-19 pandemic, companies that quickly shifted to remote work preserved their operations. In the community, flexibility in volunteer efforts helps organizations respond effectively to urgent needs, such as disaster relief.
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Decision-Making: Effective decision-making is crucial in business for strategic planning and operational efficiency. For example, a manager who can analyze data and make informed decisions can enhance team performance. In community settings, decision-making skills among leaders can facilitate positive outcomes in societal projects and initiatives.
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Leadership: Strong leadership skills within a business context can drive team performance and motivate employees towards organizational goals. Similarly, community leaders who harness leadership skills can inspire social movements, ensuring effective teamwork and collaboration for community improvement.