Profits Are Needed for More Than Compensating the Owners; for Any

question 6

Short Answer

Profits are needed for more than compensating the owners; for any young company that needs to grow they are an essential source of financing! Without profits, the company's ……….. will grow, which will decrease the company's chances of survival.

Identify effective leadership behaviors and strategies.

Recognize the role of different research methods in advancing leadership knowledge.

Understand the impact of leadership on group and organizational effectiveness.

Appreciate the complexity and challenges in defining and studying leadership.

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Definitions:

Humanistic

An approach in psychology emphasizing personal growth, self-awareness, and the concept of self-actualization.

Social-Cognitive Perspectives

Theoretical viewpoint that focuses on how people learn by observing others, emphasizing the interaction of our thought processes, behaviors, and the environment.

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.

Narcissism

A personality trait characterized by a grandiose sense of self-importance, a need for excessive admiration, and a lack of empathy for others.