ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Makes all the decisions and workers have to carry them out
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Allows workers to make all the decisions
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Discusses decisions with workers and gives them an input
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Delegates the decision making process to others in the business
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Detailed explanation-1: -Autocratic, or authoritarian leaders, are often described as those with ultimate authority and power over others. These leaders tend to make choices based upon their own ideas alone and do not listen to their team or seek input from others.
Detailed explanation-2: -Definition: Autocratic leadership is a management style wherein one person controls all the decisions and takes very little inputs from other group members. Autocratic leaders make choices or decisions based on their own beliefs and do not involve others for their suggestion or advice.
Detailed explanation-3: -Autocratic – “Leader Decides” Autocratic decision making involves the leader maintaining control of and responsibility for the decision. As the collaborative leader you make and announce the decision without consulting the group. Advantages: Autocratic decisionmaking is fast.
Detailed explanation-4: –Studies have found that an autocratic style of leadership can lead to lower motivation, higher stress, and disinterested employees.-But autocratic leadership can lead to an increase in productivity and performance in the short term.