What Skills Should a Person Have for Managing a Business

question 6

Essay

What skills should a person have for managing a business unit following a differentiation strategy? Why? What should a company do if no one is available internally and the company has a policy of promotion from within?

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Definitions:

Par Value

the face value of a bond or stock, as stated by the issuing company, not necessarily its market value.

Convertible Preferred Stock

A type of preferred stock that grants the holder the option to convert the stock into a set number of shares of common stock, usually at any time after a predetermined date.

Common Stock

Common stock represents ownership shares in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Par Value

The face value of a bond or stock as stated by the issuing company, unrelated to its market value.