A Top Manager at ACME, Inc

question 241

Short Answer

A top manager at ACME, Inc. makes the following statement: "We endorse an inclusive definition of leadership. We believe that leadership is the ability to influence others to help the organization achieve its goals and that any person in our organization can be a leader, even entry-level personnel. Because of this view, we have built a culture in which every employee has an equal opportunity to lead."
How is the manager's reasoning vulnerable to criticism?
It fails to account for the possibility that people who lack organizational authority can still be leaders.
It fails to demonstrate that ACME's definition of leadership is the most popular definition.
It uses a variation of a commonly used definition of leadership.
It does not demonstrate that ACME's goals were well-chosen.
It ignores the effect that managerial authority has on one's ability to influence others.

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Definitions:

Fiscal Year

A one-year period used for financial and tax reporting purposes, which may or may not align with the calendar year, depending on the company or organization.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, although the overall value of the company does not change.

Market Price

The current value at which an asset or service can be bought or sold in the marketplace.

Shares Outstanding

Refers to all of the shares of a corporation that have been issued and are held by shareholders, including those held by the public as well as restricted shares owned by the company’s insiders.