Lecture 5

Question 1

Peter Drucker’s assumption

Answer 1

Management is doing things right, and leadership is doing the right thing. But, they also overlap and complement each other.

Question 2

Leader

Answer 2

Someone who can influence others and who has managerial authority

Question 3

Values, Mission, Vision

Answer 3

Values = core beliefs
Mission = statement of business purpose
Vision = shared mental image of a desired future state

Leaders > communicate vision

Question 4

Motivating in entrepreneurial organisations

Answer 4

1. Equality: everyone should be paid equally
2. Equity: pay based on performance
3. Long-term vs Short-term: account for failure and ambitious long-term goals with realistic short-term targets

Question 5

Lewin’s Leadership Framework

Answer 5

1. Laissez-fair
2. Democratic
3. Autocratic

Question 6

Laissez-fair

Answer 6

Leader let the group make decisions and complete the work whatever way it sees fit

Question 7

Democratic

Answer 7

Leader involves employees in decision making, delegates authority and uses feedback for coaching

Question 8

Autocratic

Answer 8

Leader dictates work methods, makes unilateral decisions and limits employee participation

Question 9

4 Leadership Styles (tabel doornemen in lecture)

Answer 9

1. Directive
2. Supportive
3. Participative
4. Achievement Orientated

Question 10

4 stages of development

Answer 10

1. Unable and unwilling: not competent nor confident
2. Unable and willing: motivated but not competent
3. Able and unwilling: competent but don’t want to)
4. Able and willing

Question 11

Leadership paradigms

Answer 11

1. Transactional leaders: lead primarily by using social exchanges
2. Transformational leaders: change and transform individuals

Question 12

Managers vs Leaders

Answer 12

First pillar of the Organizational architecture
- Managers: administrative level. Set up milestones and make sure employees do their work.
- Leaders: also strategic level and they set the mission and vision of the company

Question 13

Entrepreneurial leadership

Answer 13

Entrepreneurs are patient leaders, capable of instilling tangible visions and managing for the long haul. The entrepreneur is at once a learner and a teacher, a doer and a visionary.

Question 14

Motivation

Answer 14

Motivation, where high-level cognitive skills are needed, comes primarily from:
1. Purpose
2. Autonomy
3. Mastery

(skills needed for motivation)