Page 72 - Stakis Consolidated Teaching Note

something about the company and its operations then
they should ask, ask, and ask.

LEADERSHIP STYLE
LEADERSHIP STYLE

Boss-centred Subordinate-centred
leadership
leadership
m
a Autocratic Democratic
n
a Laissez-Faire

g
e
r Subordinate

Telling Selling Participating Delegating
Tannenbaum & Schmidt

Figure 7

This new style board at Stakis were always confident that

they could negotiate a three year extension to the bank

standstill agreement. But, this would have placed

management in the onerous position of not being able to
spend much on capital expenditure, having to spend most

of their time making and retaining profits in order to

correct their financial ratios in order to restore them to
health. It would have been a good achievement but it

would have been hell trying to keep a management team

together. The £50 millions joint venture and then sale of

Ashbourne Nursing Homes was the best option.