Business Essentials (12th Edition) (What's New in Intro to Business)
Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
Question
Book Icon
Chapter 9, Problem 9.15A
Summary Introduction

To explain: If the venture will rely on rational decision making or intuition.

Introduction:

Rational decision making:

It is a process which has many steps in making a choice from a set of alternatives. The choice will be made based on the logic, analysis, and objectivity in a situation.

Blurred answer
Students have asked these similar questions
4. What are some advantages and disadvantages of leaders, managers, and employees having and working with a principle-centered approach (using some ethical principles in the chapter) rather than taking a “come what may,” trust in luck, circumstance and chance approach? 5. What can groups or group leaders do to improve the quality of group decision-making? 6. Describe how a leader, manager, and employee might think and act differently if their organization seriously adopted and practiced doing business with a corporate social responsibility mindset.
Insights about Business Environment Demands That Leaders Change How They Think and Act. Take note: Express freely your thoughts and impressions with concrete examples,  about what you have just read in relation to the challenges that any business organization may encounter most especially in relation to the desire to be able to position the company way ahead of the other players in the industry.  In the course of your discussion, you may cite specific illustrations of a type of business that you have in mind.
There are five primary types of leadership: Transformational, Authoritarian, Delegative, Transactional, and Participative. In your initial post: Explain your leadership style. Which of the five primary types of leadership most closely aligns with your style? Why did you pick that style? Why is it the best leadership style for the sector of the economy you choose to work in? (This can either be with your current job or the job you plan to work in after you graduate.) Should leaders change their leadership style to adapt to different circumstances? Why or why not?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub