- Price
- Number of buyers
- Price of alternatives
- Income
- Future Expectations
- Tastes
- Supply
- Quality
- Availability
Leadership Styles:
Leadership is influencing others to achieve certain aims or objectives. Effective leadership skills can help a manager to carry out there duties.
1. Autocratic or authoritarian leadership - like to maintain control and do not allow other employees much freedom of action. Delegate roles and expect obedience.
2. Paternalistic leadership - Similar to autocratic in approach but take decisions that they believe will be beneficial to the workforce; workforce is treated as family and places great emphasis on meeting the social an leisure needs of its staff.
3. Democratic leadership - Leader delegates and encourages the development of leadership skills in subordinates, leaders and subordinates discuss issues and employee participation is actively encouraged, leader acts upon advice and explains the reasons for decisions.
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