IB Business Management Topic 2.3.2 Management and Leadership Revision Notes (SL/HL)

IB Business Management Topic 2.3.2 Management and Leadership Revision Notes (SL/HL) | RevisionDojo

Written by official IB examiners

Not All Managers Are Leaders, Not All Leaders Are Managers

Think of a football team.
The manager ensures the players follow a game plan, organizes training, and tracks performance.
The captain, however, motivates the team, boosts morale, and inspires players to give their best.
Both roles are crucial, but they serve different purposes.
This is the difference between management and leadership in business.

Note

Both management and leadership are required to drive organizational success.

Management is Task Oriented

Definition

Management

Management is the process of planning, organizing, directing, and controlling resources to achieve specific goals.

A manager is responsible for ensuring that an organization runs smoothly.
Their role is task-oriented, focusing on efficiency, consistency, and achieving short-term objectives.

The Functions of Management

Planning: Setting goals and determining the best course of action to achieve them.
Organizing: Allocating resources and defining roles to implement plans effectively.

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Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

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Duis aute irure dolor in reprehenderit

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

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Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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Not All Managers Are Leaders, Not All Leaders Are Managers

Think of a football team.
The manager ensures the players follow a game plan, organizes training, and tracks performance.
The captain, however, motivates the team, boosts morale, and inspires players to give their best.
Both roles are crucial, but they serve different purposes.
This is the difference between management and leadership in business.

Note

Both management and leadership are required to drive organizational success.

Management is Task Oriented

Definition

Management

Management is the process of planning, organizing, directing, and controlling resources to achieve specific goals.

A manager is responsible for ensuring that an organization runs smoothly.
Their role is task-oriented, focusing on efficiency, consistency, and achieving short-term objectives.

The Functions of Management

Planning: Setting goals and determining the best course of action to achieve them.
Organizing: Allocating resources and defining roles to implement plans effectively.

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

IB Business Management 2.3.2 Management and Leadership Notes

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

Not All Managers Are Leaders, Not All Leaders Are Managers

Management is Task Oriented

The Functions of Management

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

Not All Managers Are Leaders, Not All Leaders Are Managers

Management is Task Oriented

The Functions of Management

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account