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PRINCIPLES OF MANAGEMENT
SUBMITED BY:-
ROLL NO:-13
FY BBA
Q 3:-Who is the leader of the business? Explain in detail the various qualities of
the leader and the various types of leaders and leadership?
Solution 1,
Implementation involves:-
i) Organizing resource
According to Keith Davis, the term ‘social responsibility refers to two types of
business obligations, viz.
Every business firm is part of a total economic and political system and not an
island without foreign relations. It is at the centre of a network of relationships to
person, groups and things, ‘pie business should, therefore, consider the impact of
his actions on all to which he is related. He should operate his business as a trustee
for the benefit of his employees, investors, to ensure that each gets a square deals
and that nobody’s interested are unduly sacrificed to those of others.
The changing image of business in recent years has lent further support to the
idea of social responsibility. Some public opinion polls of the 1960s and 1970s in
the United States have left the businessman disenchanted. These polls have
revealed that the businessman is viewed as an individual who does not care for
others, who ignores social problems, who preys upon the population, who exploits
labour and who is a selfish money grabber. On the other hand, until these opinions
were unveiled, the businessman in America believed that others viewed him as he
viewed himself as a practical, down to earth, hard working, broadminded,
progressive, interesting, and a competitive free enterpriser. He believed that all
others in society looked up to him as a self sacrificing community leader, pillar of
society, generous to a fault , great supporter of education ,patron of the arts, and in
short ,the salt of the earth. Indeed the businessman in the pre-poll days thought of
himself as a happy mix between Plato, Gandhi, and Churchill.
Avoiding ostentation.
Achieving better public relations (that is, creating a more favorable attitude
towards the enterprise) through education and other means.
A fair wage to the workers, which is possible only when the businessman is
willing to accept a voluntary ceiling on his own profits.
Solution 3,
Definition:-
A Manager is the original leader of the business. Leadership is the art of
influencing others to direct their will, abilities and efforts towards the achievement
of leader’s goal.
According to R. J. House, leadership is "the ability of an individual to
influence, motivate, and enable others to contribute toward the effectiveness and
success of the organizations of which they are members". No matter how one
defines leadership, it typically involves an element of vision. A vision provides
direction to the influence process. A leader (or group of leaders) can have one or
more visions of the future to aid them to move a group successfully towards this
goal.
A manager is chiefly concerned with setting objectives and goals, developing
plans, strategies, policies etc.Making job assignment, co-ordinating and
controlling. His main task is to integrate the individuals and formal groups with the
organization. So, as to optimize their efforts for the achievement of the enterprise
goals that depends upon the ability to: