Chapter 01 The Study of Business‚ Government‚ and Society True / False Questions 1. The business-government-society (BGS) field is the study of this environment and its importance for managers. True False 2. The primary purpose of a business is to make a profit by providing products that satisfy human needs. True False 3. The structures and processes in a society that make and apply policies and rules are called businesses. True False 4. An enduring
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Types of Organizations and leadership styles Hypothesis: different types of organizations perform better with leadership styles tailored to that industry or type of organization. -------------------------------------------------------------------------------------- When researching the different styles of leadership‚ one question that likely comes to mind is the relationship of the leadership style to the performance of the organization. Organizations in the same industry can have vast differences
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Most common Leadership Types are: - Autocratic leadership. - Bureaucratic leadership. - Charismatic leadership. - Democratic leadership or participative leadership. - Laissez-faire leadership. - People-oriented leadership or relations-oriented leadership. - Servant leadership. - Task-oriented leadership. - Transactional leadership. - Transformational leadership. Autocratic Leadership Autocratic leadership is an extreme form of transactional leadership‚ where a leader exerts high levels
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the world they can be a liberal nation because they gave all their citizens natural rights and supported drastic change within their society (Hunt 716). A very liberal governmental concept that has been embraced by many nations is Laissez-faire. The term laissez-faire is French for leave alone‚ referring to the government’s interference with trade. It has been
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Understanding leadership Learner name: Learner registration number: Note: The ‘lines/box’ below a question is for guidance purposes only. Marks are not deducted for writing more. It is perfectly acceptable for all answers to be continued on additional forms provided they are attached to the assignment when making a submission. The availability of the form electronically allows learners to expand the ‘lines/box’ as required. | UNDERSTAND LEADERSHIP STYLES 1.1 Describe the factors that
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leadership styles as possible. Three Classic Leadership Styles One dimension of has to do with control and one ’s perception of how much control one should give to people. The laissez faire style implies low control‚ the autocratic style high control and the participative lies somewhere in between. The Laissez Faire Leadership Style The style is largely a "hands off" view that tends to minimize the amount of direction and face time required. Works well if you have highly trained and highly motivated
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In economics‚ the invisible hand of the market is a metaphor conceived by Adam Smith to describe the self-regulating behavior of the marketplace.[1] The exact phrase is used just three times in Smith ’s writings‚ but has come to capture his important claim that individuals ’ efforts to maximize their own gains in a free market benefits society‚ even if the ambitious have no benevolent intentions. Smith came up with the two meanings of the phrase from Richard Cantillon who developed both economic
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Political: • Businesses benefited from friendly government policies that protected private property‚ subsidized railroads with land grants and loans‚ supported US manufacturers with protective tariffs‚ and refrained from either regulating business operations or heavily taxing corporate profits. • Government policies gave 170 million acres of land to railroad companies for expansion of business. • Land grants and cash loans made poor construction and increased corruption in government. • Since
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Introduction There a numerous leadership theories that help manage a successful business. These theories include techniques that have been developed and constantly improving since 1888. Theorists such as Thomas Carlyle‚ Kurt Lewin‚ and James Kouze‚ have developed characteristics they believe will shape the leaders of tomorrow. These characteristics are structured together to create theories based on personality‚ relationships‚ and developmental styles. The following will provided an organized
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Understanding leadership Learner name: Gemma Whiting Learner registration number: Note: Learners must satisfy all the assessment criteria by achieving at least 50% of the marks available for each criterion. The ‘lines/box’ below a question is for guidance purposes only. Marks are not deducted for writing more. It is perfectly acceptable for all answers to be continued on additional forms provided they are attached to the assignment when making a submission. The availability of the form electronically
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