Preparation Questions

1. What are the differences between strategic leadership and transformational leadership?
Are the differences situational?
2. Is it possible to be a strategic leader when you are not part of the top-management
team? Why or why not?


These two questions are likely to prepare students for the first discussion question. One of the
differences between strategic and transformational leadership is that one is better suited for one
situation over the other one. Students are being asked to consider if this makes it a situational
leadership approach. The second question is one that is often debated. Students are asked to
reflect on whether this is possible or not and give reasons for their position.

Business

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Hannah's Homemade Cookies produces and sells delicious shortbread cookies. The cost of producing a bag of cookies is $.65 and the bag sells for $3.75. Hannah is considering processing all the cookies further by dipping them in chocolate. The additional processing costs would be $.50 per bag and the sales price of the chocolate-dipped cookies would be $4.20 per bag. If Hannah can sell 5,000 bags

of either type of cookie per year, which of the following statements is true if she chooses to process the cookies further? A) Net income would increase by $2,250 per year. B) Net income would decrease by $2,500 per year. C) Net income would decrease by $250 per year. D) Net income would increase by $15,250 per year.

Business

A career plateau is a situation in which

A. economic conditions remove lateral transfer opportunities for employees. B. either organizational or personal reasons reduce the probability of moving up the career ladder. C. employees are given opportunities for lateral growth where advancement does not exist. D. one observes his or her own work environment to better understand what he or she does.

Business

The financial statements for Stephens' Electric Company include the following items

2017 2016 Cash $55,000 $51,000 Cash Equivalents 23,500 20,000 Net Accounts Receivable 30,000 26,000 Merchandise Inventory 81,000 65,000 Total Assets 530,000 548,000 Accounts Payable44,500 35,000 Salaries Payable 24,000 20,000 Long-term Note Payable 61,000 57,000 Income From Operations 124,500 115,000 Interest Expense 28,000 33,000 Compute the 2016 cash ratio. (Round your answer to two decimal places.) A) 1.29 B) 1.15 C) 2.03 D) 0.63

Business

Scenario C: Tidewater, Inc., requires its job applicants to take a test that measures their vocabulary and numerical skills. For specific jobs, the company also requires its applicants to perform a sample of the job. Before implementing the tests, the management analyzes how well the test actually correlates and predicts job performance. When Tidewater needed to downsize, the company helped employees who were laid off to get placed in other organizations, and immediate supervisors talked to the employees about the reasons for their dismissal.By analyzing how well the test correlates and predicts job performance, the management is focusing on

A. content reliability. B. criterion-related validity. C. content validity. D. integrity. E. criterion-related reliability.

Business