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Explain the Three Lags That Make It Difficult to Time

question 101

Essay

Explain the three lags that make it difficult to time changes in discretionary policy properly.


Definitions:

Fiedler's Contingency Model

A leadership theory proposing that effective leadership style depends on the situational context and the leader’s orientation.

Leadership Style

The characteristic manner and approach through which a leader exercises authority, guides and motivates a team, and implements strategies within an organization.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

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