Question

In: Economics

Q.1 Miss Jane owns a football ground. Her sales are not constant throughout the year so...

Q.1 Miss Jane owns a football ground. Her sales are not constant throughout the year so she uses price discrimination to increase revenue. She trusts her employees therefore uses democratic leadership style.
a: How price discrimination can be used to increase her revenue? (10)
b: Do you think leadership style of Jane is best way to manage employees? (15)
2000 words Answer

Solutions

Expert Solution

Miss Jane owns a football ground. Her sales are not constant throughout the year so she uses price discrimination to increase revenue. She trusts her employees, and she follows democratic leadership style.

now before going for a discussion about her price discrimination process, we should know about the feature, advantages, and disadvantages of democratic leadership style.

What is Democratic Leadership?

The democratic leadership style is essentially a mode of leadership that is found in participative management and human resources theory. This article will seek to explore the essence of democratic leadership and will, among other things, outline the advantages of democratic leadership, the disadvantages of democratic leadership, the function of the democratic leadership council, and provide democratic leadership. The definition of democratic leadership from an organizational standpoint involves the redistribution of authority and power between managers and employees to provide employee involvement in the process of decision making. here the focus point is the power-sharing and decision sharing structure. all the team worker feel their own importance in the company.

Distribution of Responsibility

A democratic leader will delegate responsibility among members of his or her team to facilitate member participation in making decisions.

Importance of Group Members

It is incumbent on leaders to empower their team members in order that the members will be properly equipped to accomplish their tasks. Included in the process of empowerment is the provision of the education and training required for the completion of delegated tasks.

encouraging the democratic Process of Group Decision Making

A significant role played by the democratic leader is ensuring that democratic deliberation takes place when group decisions are being made. This indicates that the leader is supposed to serve as a mediator and facilitator between members of the group, make sure that the members are psychologically well and there is a respectful environment at all times.

Advantages of Democratic leadership

he techniques used in democratic leadership play a significant role in creating job satisfaction, since a sense of autonomy, control and participation is fostered within the democratic leadership style. Greater participation from employees during the decision-making process could also result in more creative solutions and greater innovation to address problems and serve the organization better. Below are some specific advantages of democratic leadership:

Easy to solve Complex Problems

Democratic leaders are typically excellent at solving complex issues. They have the ability to work collaboratively, using a consensus of opinions to get things done the right way. The democratic leader often thinks innovatively and encourages others to do the same, so that solutions to complex and strategic problems can be found.

Good for long term business

Solutions that are democratically derived generally last for the longest period of time. The democratic process ensures that the solution is reviewed on a continuous basis. Additionally, engaging team members will enable leaders to maintain effective processes that fit the business well. Democratic leaders ensure that team members work well with other individuals, so that they are suitable to function in large corporate environments in which co-operation and communication are crucial.

Strong Teams management by Democratic Leaders

Team members under democratic leadership tend to be supportive and strong. Honesty flourishes and more collective working is done because the opinions of everyone are taken into consideration. Democratic leaders are usually popular within the organization.

Generate Creative Environments

Democratic leaders effectively foster creative environments since they encourage the input and innovation of team members. Creative designers succeed under democratic leadership because of the support and nurture that is embodied in this leadership approach.

Disadvantages of Democratic Leadership

Indecisive in crisis

Democratic leadership can sometimes come across as being indecisive. In certain situations, especially during a crisis, leaders must be very directive and democratic leaders do not function well in an authoritarian role. In the midst of a crisis, no time is usually available to address everyone concerned.

Time Consuming

The consultation process could result in procrastination. If an organization has a project or issue that is urgent, democratic leaders cannot usually work to the timescales required. It takes time to talk to a number of individuals and collect a variety of opinions and many democratic leaders find it difficult to cut corners.

Become Apologetic

Democratic leaders sometimes build an environment in which individuals expect their idea to be implemented. Where there are a variety of solutions in a particular project, only one can be implemented and democratic leaders will have to invest time in apologizing and smoothing things over with individuals whose ideas were not used.

1)coming to our assigned problem, Miss Jane took advantage of her leadership and convinced her employee to help her to conduct this price discrimination. morally it might be not correct to do price discrimination, but by looking at their accommodation salary and other expenses which they have to bear up throughout the year they are ready to cooperate with her. price discrimination is one of the oldest methods to increase revenue. in this in rush our looking at the customer's emergency and urgency the company can change the price on the spot. it is a kind of auction. so those who really require and the limit of ground will enforce the customer to pay a high price.

2. As the business Jane does is a seasonal business. some season in the year is full and some season are dry. so to run your business price discrimination is one of the profitable methods. when it comes to the employee in this procedure we need more confidential employees due to the secrecy of the company's price discrimination. so only in this democratic style we can bring the confidence of employee and they also feel their importance in the company and they will work more dedicatedly. so Jane hadadopted right process to run her business.


Related Solutions

The ground temperature a few meters below the surface is fairly constant throughout the year, and...
The ground temperature a few meters below the surface is fairly constant throughout the year, and is near the average value of the air temperature. In areas in which the air temperature drops very low in the winter, the exterior unit of a heat pump designed for heating is sometimes buried underground in order to use the earth as a thermal reservoir. Why is it worthwhile to bury the heat exchanger, even if the underground unit costs more to purchase...
1. Lisa owns 70% of Doh’s stock (S-corporation) throughout the year. Lisa’s beginning of the year...
1. Lisa owns 70% of Doh’s stock (S-corporation) throughout the year. Lisa’s beginning of the year stock basis is $45,000. Lisa has an additional stock purchase (investment) this year of $10,000. Lisa loans the Corporation $5,000 this year. Doh Corporation has beginning AAA of $210,000. Doh Corporation’s Form 1120S shows the following information. Sales 400,000 Charitable contribution 9,500 Long Term Capital Loss 3,000 Tax Exempt Interest Income 1,500 Cost of Goods Sold 280,000 a. What is Lisa’s end of the...
Jane is a self-employed attorney. This year, her net profit exceeded $350,000, which put her in...
Jane is a self-employed attorney. This year, her net profit exceeded $350,000, which put her in the 37 percent tax bracket. Early in the year, Jane hired Ben as a paralegal and paid him a $33,000 salary. Compute the employer payroll tax on Ben's salary. In addition to the employer payroll tax, Jane paid $400 unemployment tax on Ben's salary. The salary and tax expense reduced Jane's net earnings from self­ employment, thereby saving $962 in self-employment tax. Compute Jane's...
Jane is a newborn. Her parents are planning to contribute $4,000 a year (or possibly less)...
Jane is a newborn. Her parents are planning to contribute $4,000 a year (or possibly less) towards her college fund into an account that will grow at a constant rate of 4.5% a year. Both parents work for the same company that offered to match parental contributions dollar for dollar for the first 5 parental deposits and 30 cents for every parental dollar for subsequent parental deposits, until Jane reaches 19. Once she reaches 19, both the company and parents...
A 72-year-old woman, Jane, is being seen by her nurse practitioner for her yearly physical exam....
A 72-year-old woman, Jane, is being seen by her nurse practitioner for her yearly physical exam. She explains that she has multiple physical symptoms that have suddenly developed over the last year. For example, she complains of increased arthritis pain in all of her joints and notes that it is diffuse and not responsive to medication. As the NP continues to do the assessment, she learns that Jane’s oldest daughter and closest relative has moved to Utah for her husband’s...
Jane owns a hairdresser franchise business. As at 1 July 2018, stock on hand of hair...
Jane owns a hairdresser franchise business. As at 1 July 2018, stock on hand of hair related products was valued at $300,000 (at cost). During the year, she purchased an additional $250,000 worth of stock and sales totalled $600,000. As at 30 June 2019, stock on hand of hair related products was valued at $400,000 (at cost), $450,000 (at replacement value) and $500,000 (at market selling value). a) Calculate Jane’s business’s taxable income from her trading activities for 2018/19. (Ignore...
Jane is required to take her first required minimum distribution (RMD) this year. Which of the...
Jane is required to take her first required minimum distribution (RMD) this year. Which of the follow are true regarding that distribution? The distribution can be in cash or in kind The first distribution can be delayed until April 1st of the following year The IRA is valued as of the last day of the previous year in making distribution calculations If the distribution is deferred until the following year, she will have to take two distributions next year   ...
Jane is unhappy with her current salary and is considering doing a two-year MBA. For simplicity...
Jane is unhappy with her current salary and is considering doing a two-year MBA. For simplicity assume the MBA starts today (i.e., in t=0). Tuition is $25,000 per year payable at the beginning of a year. Jane must additionally buy books and supplies worth $5,000 per year which are again payable at the beginning of a year. If Jane pursues the MBA she expects to get a job right after graduation. The job entails a signup bonus of $10,000 immediately...
1. Jane sometimes sits for hours with her arm bent behind her head and one leg...
1. Jane sometimes sits for hours with her arm bent behind her head and one leg crossed under her. Her mother tries to reposition her but she resists. This is an example of ____. a. restricted affect b. restricted affect c. avolition d. asociality 2. According to the textbook, which of the following is a potential cause of attention deficit hyperactivity disorder? a. sugar b. poor parenting c. maternal smoking during pregnancy d. childhood immunizations 3. Common symptoms of major...
Ragan owns 65% of Nada stock (S-Corporation) throughout the year. Ragan’s beginning of the year stock...
Ragan owns 65% of Nada stock (S-Corporation) throughout the year. Ragan’s beginning of the year stock basis is $20,000. She has an additional stock purchase (investment) during the year of $10,000. She also loans the corporation $80,000 during the year. Nada S Corporation has beginning AAA of $250,000 and its Form 1120S shows the following information. 5 points Sales                             $500,000 Distribution to Ragan    $30,000 Dividend Income          $15,000 COGS                            $320,000 Business Fine/Penalty   $50,000 Long term capital gain $25,000 Tax Exempt...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT