What Does a New Business Owner Need to Keep in Mind

question 88

Multiple Choice

What does a new business owner need to keep in mind while making a decision about what equipment to buy?

• A)How long it will be before the equipment will need to be replaced
• B)The type of equipment needed
• C)The cost of the equipment
• D)All of these

Recognize how leadership styles should be adapted based on task structure, leader-member relations, and position power.

Describe the behavioural categories identified by Ohio State University studies on leadership.

Differentiate between task-oriented and relationship-oriented leadership and their efficacy in various situational favourableness.

Understand how situational factors according to House's Path-Goal Theory affect leadership effectiveness.

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Definitions:

Reinforcement Value

The degree to which the outcome of a behavior increases the likelihood of the behavior's recurrence.

Behavior Potential

The likelihood of a particular behavior occurring in the presence of specific environmental conditions.

Observational Learning

Learning that results from watching or hearing about a person modeling the behavior.

Social Encouragement

The act of motivating or inspiring individuals through social interaction and support.