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EOPA AStreeter1

Entrepreneurship Pathway

What is cost leadership? A competitive strategy by which a company aims to be the lost-cost leader in its industry. Key is in the trickery balance between low cost and acceptable quality.
What is an Autocratic leader? A leader who does not listen to other people but make all decisions themselves. They make decisions alone because they do not trust others.
Does a Democratic leader or Autocratic leader make decisions alone? An autocratic leader makes decisions alone.
What are the three marketing strategies? Focus, differentiation, and cost leadership.
What is a Laissez-Fair leader? A hands off leader. They simply choose not to lead. They lack confidence in their leadership abilities and allow others to make decisions.
Developing vision strategic planning of an organization is usually the main job of who? Top managers.
What does MBO stand for? Management-By-Objective.
How many steps are in the MBO process? Six steps.
What are the steps in the MBO process? Establish, Develop, Allow, Evaluate, Takes, and Establish.
What is the term anchoring? The anchoring effect refers to the adjustment a decision maker carries out based on information presented to him.
Created by: angelstreeter1
Popular Management sets




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