Interacting with the Community in Which a Company Does Business

question 23

Multiple Choice

Interacting with the community in which a company does business in a way that makes money for the company but also improves the long-term well-being of the community is often labeled __________.

• A) ethical management
• B) activist strategy
• C) social sustainability
• D) market strategy
• E) future management

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Definitions:

Social Exchange Relationship-based

A perspective viewing relationships in terms of the exchange of resources, benefits, and supports, where the balance of give-and-take is considered crucial for relationship stability.

Leader-member Exchange (LMX)

A theory describing how leaders develop relationships with team members, leading to different levels of influence and outcomes for members.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, enhancing the motivation, morale, and performance of followers through a variety of mechanisms.

Individualized Consideration

A leadership strategy where leaders attend to the needs of each member of their team, acting as a mentor or coach to encourage personal development.