Firms with Few Competitive Resources Are More Likely To

question 45

Multiple Choice

Firms with few competitive resources are more likely to:

• A)respond to strategic actions
• B)refuse to respond to competitive actions
• C)respond to all competitive actions
• D)respond to tactical actions

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Definitions:

Transactional Leadership

a leadership style that focuses on supervision, organization, and performance; it is based on a system of rewards and penalties for the tasks accomplished.

Visionary Leadership

A leadership style that involves leaders who are able to inspire and motivate others toward achieving a long-term vision.

Vision

A forward-looking statement or image that defines what an organization or individual aims to achieve in the future.

Transformational Leadership

A leadership style that inspires and motivates followers to exceed their own interests for the sake of the group or organization by focusing on higher ideals and moral values.