ADMINISTRATION & LEADING

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DUTIES OF AGENT TO PRINCIPAL

Ved Alysa Zaity

Macroeconomics 1BB3 - Chapter 9

Ved Remek Debski

Soft Skills

Ved Maggie Holmes

Conceptual Framework

Ved Zhenhuan Ou

ADMINISTRATION & LEADING

LIABILITY

An amount set aside out of profits in the accounts of an organization for a known liabilty

AUTHORITY

Authority is the right to make decisions , issue orders and use resources

Informal authority

Formal authority

ACCOUNTABILTY

Accountability is responsible for some result or you are obligated to someone

RESPONSIBILITY

Responsibilty is one's obligation to achieve objectives

FORMAL & INFORMAL LEADER

INFORMAL

Arise from groups . Not elected or appointed to the leadership role

FORMAL

Are either appointed , elected or volunteer to fill a leadership role in a position that is part of a formal organization structure

DEFINITION LEADERSHIP

The process of directing and influencing the task-related activities of group members

INSURANCE

For most nonprofits , purchasing insurance is an essential component of managing and financing risk

RISK MANAGEMENT

Risk management is a discipline for dealing with the possibility that some future event will cause harm.

LEGAL PROVISION

PROVISION : The action of providing or supplying something for use

LEGAL : Law recognized by common or statutory law , as distinct from equality

FOUR LEVELS OF AUTHORITY

FULL

REPORT

RECOMMEND

INFORM

LEADERSHIP STYLE

Laissez- faire

The manager lets employees go about their business without much input

Democratic

The manager encourage employee participation in decision

Autocratic

The manager makes the decision