Explain the model of competitive advantage and economic value created, and the causality among value, cost,
and price
Explain how companies are planning to increase their intrinsic value.
Sample Solution
possess physical energy, intelligence, enthusiasm, self-confidence, cooperativeness and administrative ability to work on a management organization. A leader motivates, drive the team member to understand the decision and to reach the business goals. Behavioral theory of leadership This theory of behavioral leadership a leader should be effective in his work and motivates the employees to achieve the goals. A leader should be democratic in group decision, leader consults the subordinate actions and encourages them. A leader provides complete freedom to his team members and provides them information about external environment of the organization. Contingency theory of leadership The contingency theory focuses on the task requirements, expectations, organizational culture, behavior and policies. A leader behavior involves providing guidelines, work method to subordinates. A leader encourages participation of subordinates in decision-making. The achievement oriented leadership helps the subordinates to perform their best level for the organization business objective. Management theories Classical Management theory Classical management theory in a organization directs the aims and objectives through influencing the efforts of employees. The classical management theory emphasis on the structure of the organization. One man superiority and command helps in unity of the organization. A manager should be responsible for the right order given to the employees from top to bottom of the organization.>
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