Answered: What is the most important requirement…

What is the most important requirement for a management position? A. A Quality Control Certification B. An MBA degree C. The ability to motivate other people D. Being comfortable with risk taking

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

It takes a lot to make customers loyal but only one negative experience to break their trust. Discuss how does good and/or bad customer service impact a business?
What are the two main theories in management field which have been used to explain the effect of the phenomenon that "in some public firms, the CEO is also the chairman of the board" on firm performance?
Following mini-case scenarios involve ethical dilemmas associated with projectmanagement. How would you respond to each situation, and why? Ryman PharmaceuticalsYou are a test engineer on the Bridge project at Ryman Pharmaceuticals in Nashville, Tennessee. Youhave just completed conductivity tests of a new electrochemical compound. The results exceededexpectations. This new compound should revolutionize the industry. You are wondering whether to callyour stockbroker and ask her to buy $20,000 worth of Ryman stock before everyone else finds out aboutthe results. What would you do and why?
Discuss the suggestions for giving and receiving advice. Assess your typical responses to advice-giving and -receiving situations.
Be aware of the symptoms of overconfidence: underestimating how long it will take to complete a task; overestimating the likelihood of something that you hope will occur, or being overly optimistic about your decisions and answers to questions Organizations develop a unique culture and set of values that favor certain actions and behaviors. When working in a company with a strong set of cultural norms, it is easy to adopt popular opinions and follow the expectations of others. Anything that leads you to see the data as you most want it to appear... You might make decisions or pursue solutions that suit your personal preferences. When you start to work on a problem, ask yourself if a particular outcome, solution, or choice is especially appealing to you. If so, try to be aware of it as you proceed. Instead of gathering data, analyzing it, and exploring alternatives systematically, these involve a combination of intuition, logic, and common sense. They are less precise than traditional…
Effective management is crucial for the success of any organization. It involves coordinating resources, setting goals, making decisions, and leading people to achieve objectives efficiently and effectively Good management ensures that tasks are completed on time, resources are utilized optimally, and conflicts are resolved promptly. It requires strong leadership skills, clear communication, strategic thinking, and the ability to motivate and empower team members Without proper management, organizations can face chaos, inefficiency, and failure to meet objectives How does effective management contribute to the overall success of an organization?
When creating formal mentorship programs, there are generally two pitfalls that organizations should try to avoid in order to reduce the chances that mentors could be unintentionally influenced. Name and briefly detail these two pitfalls, relating how they could impact a mentor's advice. Imagine you are creating a training program for mentors to help minimize these unintentional influences. Name and briefly detail a model or law that you would include to help prospective mentors understand the importance of perspective
Create an objective tree of two person's with their given features. And make sure to follow the requirements. Person 1 - Name : X Features - Friendly, talented, hard-working, efficient, and good at time management. He has a good and professional way of communicating with the passengers and has maintained an impressive relation with his colleagues. Person 2 - Name : Y nature loving, religious, patient, well-mannered, intelligent, and good to his family type of a person. REQUIREMENTS: Three levels of objectives are included. At the 1st-level, three or more objectives are included. Each 1st-level objective is broken into two or more 2nd-level objectives. At the 3rd-level, nine or more objectives are included. BELOW IS A SAMPLE: ALSO NOTE you can add more features for each person if required.
Would you expect the weight to be related to the ability to perform the job of a corporate CEO? Why or why not?
You are part of a sales team that are ready to sign a big new client to a contract worth over $30,000. Your boss is someone you really like. She employed you, has helped you developed professionally, recognises the excellent work you do and you consider her a friend. She works under an all-male executive team and you think they give her a harder time than other departmental heads because of her gender. At present, she is under a lot of pressure to increase sales. Your boss calls you into her office and tells you that she’s going to lose her job if she doesn’t meet revenue targets. She asks you to include the revenue for your contract in the sales figures for the quarter that ends tomorrow. You know the contract is a sure thing but the client is out of town and cannot possibly sign by tomorrow. What do you do?
You are a manager, and you believe that the expense reimbursement system for salespeople is far too slow, taking weeks instead of days. How would you go about convincing other managers that this problem needs to be addressed?
Jenna has worked as a secretary for a small tech manufacturer for 45 years. In that time, she has weathered many interpersonal storms, from angry customers to new products to tight deadlines to a moody boss. Just today, she came to work and discovered that the company had been sold to a Chinese conglomerate and that she no longer has a job. As she considers her options, she hears through the grapevine that her boss has been orchestrating this buyout for six months, that he knew the Chinese firm would be terminating her because of her age, and that he will be walking away with a hefty reward for his negotiations. What best categorizes the situation, in regard to the five dimensions of the business environment? a) Competitive environment because of the buyout b) Technological environment because of the competitive advantage of e-commerce, Web presence, and bleeding-edge business technology J c) Global environment because of American outsourcing d) Social environment because of diversity…