ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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strategic management
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tactical management
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Either A or B
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None of the above
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Detailed explanation-1: -Democratic, or participative, managers collaborate with their team members to distribute the decision-making process. They invest in their team’s well-being and career development. This management style encourages creativity and employee engagement.
Detailed explanation-2: -Laissez-Faire Employees are encouraged to make their own decisions, with management acting as a guide, if and when needed. While this may sound like an employee’s dream, it’s not necessarily a management style that should be used widely as it’s better suited for very particular situations.
Detailed explanation-3: -Laissez-faire. Laissez-faire management style means that managers have very little involvement with employees and their day-to-day work. The staff under laissez-faire leadership are usually highly skilled so they don’t need supervision. Problem-solving and decision making are generally left to the workers themselves.