March 2023

A Level Business Studies: FW Taylor’s Theory of Scientific Management

By |2023-03-11T17:17:04+02:00March 11th, 2023|

  • Taylor believed that management […]
    • FW Taylor lived in an era when management was an ad hoc practice rather than a true and trained discipline. He was mainly concerned with increasing the productivity of workers.
    • Labour productivity is the number of units/goods produced per given unit of time, usually one hour.
    • Taylor believed that management […]
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    A Level Business Studies: What are management theories?

    By |2023-03-11T16:44:21+02:00March 11th, 2023|

  • These theories are developed based on the experiences and insights of experts in the field, […]
    • If you studied business studies at IGSCE or Ordinary Level you are probably familiar with how theories are used by managers
    • Management theories are essential frameworks that help managers understand and improve organizational practices.
    • These theories are developed based on the experiences and insights of experts in the field, […]
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    A Level Business Studies: Laissez-Faire Leadership Style?

    By |2023-03-11T14:11:20+02:00March 11th, 2023|

  • The laissez-faire leader provides minimal guidance […]
    • Laissez-faire leadership style is a leadership approach where the leader takes a hands-off approach, allowing team members to have a high degree of autonomy and decision-making power. The laissez-faire leader provides minimal guidance and direction, allowing team members to work independently and make decisions on their own.
    • The laissez-faire leader provides minimal guidance […]
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    A Level Business Studies: What is autocratic leadership style?

    By |2023-03-11T11:57:16+02:00March 11th, 2023|

  • The leader does […]
    • The autocratic leadership style is characterized by a leader who has complete control and decision-making power. The leader makes decisions without seeking input or feedback from subordinates.
    • The leader has complete control over decision-making
    • Subordinates have no say in the direction of the organization
    • The leader does […]
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    A Level Business Studies: What is a democratic leadership style?

    By |2023-03-11T11:37:56+02:00March 11th, 2023|

  • In a democratic leadership style, the leader acts […]
    • Democratic leadership style involves involving team members in decision-making, but the leader ultimately makes the final decision.
    • This style values input and feedback from team members, but the leader has the final say in shaping the direction and decisions of the organization.
    • In a democratic leadership style, the leader acts […]
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    A Level Business Studies: What is leadership?

    By |2023-03-11T11:13:37+02:00March 11th, 2023|

    • As already said one of the functions of a manager is leadership, directing and commanding
    • The process of leading can also be referred to as leadership
    • Leadership involves setting a clear direction and vision for the business and is crucial for the success of any business.
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    A Level Business Studies: What are managerial roles?

    By |2023-03-11T10:31:44+02:00March 11th, 2023|

  • There is another way to look at what a manager does within […]
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    A Level Business Studies: Introduction to management and management functions

    By |2023-03-11T09:36:19+02:00March 11th, 2023|

  • So […]
    • Management is one of those key terms you will come across as you study Business Studies
    • This is a term that is used both as a noun to collectively refer to people who manage businesses and other organisations as well as a verb to describe what they do
    • So […]
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    A Level Business Studies: Benefits and Drawbacks of Cost Benefit Analysis

    By |2023-03-11T09:08:57+02:00March 11th, 2023|

  • To help you understand we have used examples for […]
    • We have examined what Cost Benefit Analysis is and in that introduction, we made it clear that CBA is useful but not without its own limitations
    • Here we will now examine the limitations of Cost Benefit Analysis and its benefits
    • To help you understand we have used examples for […]
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    A Level Business Studies: What is Cost Benefit Analysis?

    By |2023-03-11T09:00:12+02:00March 11th, 2023|

  • CBA can be used […]
    • Cost Benefit Analysis (CBA) is a decision-making tool that helps to evaluate whether the benefits of a particular project or policy outweigh its costs.
    • CBA is used to assess the value of an investment, program or project by comparing the expected benefits with the expected costs.
    • CBA can be used […]
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