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EOPA Ldodson2
Entrepreneurship
A graphical chart that identifies tasks and deadlines in order to complete a project as a whole is? | Gantt Chart |
Managers with the functional title of directors or general managers are usually in the level of | middle management |
The most efficient form of organization according to Max Weber is: | Bureaucracy |
List the steps of the decision making process: | Step 1: Identify the problem Step 2: Seek Information Step 3: Brainstorm Solutions Step 4: Choose Alternative Step 5: Implement Plan Step 6: Evaluate Outcome |
Value-Creating Strategy | A value-creating strategy is one in which the business seeks to edge out its competitors by gaining more market share. |
Value-Neutral Strategy | A business can employ a value-neutral strategy when the organization isn't so much concerned with allocating resources and manpower as it is with securing its current place within the market. |
Value-Reducing Strategy= | This happens on an organization-wide level when the stakeholders or customers perceive that the business is getting too big for its britches or that only the top-level executives are benefiting from diversification. |
Autocratic Leader | Leader who does not listen to other people but make all decisions themselves. The make decisions alone because they do not trust others |
Laissez-Fair Leader | HANDS OFF LEADER!! They simply choose not to lead. They lack confidence in their leadership abilities and allow others to make decisions. |
Democratic Leadership | Often the best kind of leaders. They listen to other people’s opinions and encourage the exchange of ideas. These leaders help develop a sense of responsibility among group members. When they make a decision, they explain the reason behind it. |