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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When a leadership position is part of an organization’s structure, the person holding that position has ____ influence.
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formal
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informal
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expert
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identity
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Explanation:
Detailed explanation-1: -What is formalization in an organization? Formalization in an organization is the degree to which fixed rules and procedures dictate how employees should behave. Formalization is one of the key dimensions in organizational design as it helps the organization provide a more predictable product or service.
Detailed explanation-2: -Chief Executive Officer (CEO) is the highest-ranking person in a company who is ultimately responsible for taking managerial decisions for the day to day operation of the company.
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