Why are setting objectives important to a small business? Give an example.
What will be an ideal response?
Students' examples may vary.
Objectives are the goals that give shorter-term directions to a business and serve as benchmarks for measuring performance. For example, the objective of a small business might be "To increase total profit by 10 percent in the following year."
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As economies advance, a growing proportion of their activities focuses on the production of ________
A) products B) events C) experiences D) luxury goods E) services
Benchmarking involves comparing the firm's products and processes to those of the competitors to identify best practices to improve quality and performance
Indicate whether the statement is true or false
During the _____________, a firm identifies the establishment of its ethical leadership commitment as well as establishes the vision-setting process.
a. Inspiration process b. Integration process c. Commercialization process d. Innovation and improvement process
Applying role congruity theory, which is true about women in leadership roles?
A. their stereotypical agentic leadership results in more promotion to leadership roles B. their stereotypical communal leadership results in prejudice against female leaders C. males’ stereotypical communal leadership results in prejudice against female leaders D. males’ stereotypical agentic leadership is inconsistent with female leadership promotion