ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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firms based in highly industrialized societies with operating facilities throughout the world
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economic system based on private ownership of property and the pursuit of profit
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unified group of military, corporate, and government leaders
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part of an economy producing goods directly from the natural environment
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arises from a leader’s personal characteristics
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Detailed explanation-1: -Charismatic leaders are powerful communicators who can articulate a vision that is meaningful to their employees. They communicate their goals and directives through colourful, imaginative and expressive manners. Communication inspires action and an emotional commitment to make a difference.
Detailed explanation-2: -Charismatic leadership is defined by a leader who uses his or her communication skills, persuasiveness, and charm to influence others.
Detailed explanation-3: -Charismatic authority was defined by Weber as: “resting on devotion to the exceptional sanctity, heroism or exemplary character of an individual person, and of the normative patterns or order revealed or ordained by him.”
Detailed explanation-4: -Confidence. Many of the most powerful and successful leaders exude confidence. Creativity. Charismatic leaders often think outside the box and aren’t afraid to take risks. Vision. Determination. Communication. 09-Aug-2017