Some Say There Are Almost as Many Definitions of Leadership

question 277

Multiple Choice

Some say there are almost as many definitions of leadership as there are people who have tried to define the concept. Although different definitions sound similar, they have important differences. Compare and contrast these definitions, for example: Alistair: A leader is someone who can influence others and who has managerial authority.
Bentham: Leaders have the ability to influence a group toward the achievement of a vision or set of goals.
Cooke: Leaders exercise influence and control over other members to help a group or organization achieve the organization's goals.
Which of the following would be a leader according to Bentham's definition of leadership but would not be a leader according to Alistair's definition of leadership?

• A) A CEO who is able to shape the direction of a large organization
• B) An executive who is unable to affect the actions of others due to fundamental concerns about his competence
• C) A blogger with a wide audience who is effective at convincing others to adopt her political opinions
• D) An isolated individual with strong opinions about the most effective ways to run a business while respecting codes of ethics
• E) A middle manager who directs those under her authority to achieve the goals defined by top management

Understand the importance of exploiting reduced uncertainty and optimizing performance during operation phases.

Comprehend consumer surplus resulting from the differences between product value and its price.

Identify the key interfaces and cycles within the supply chain, including the procurement, manufacturing, and replenishment cycles.

Distinguish between push and pull processes within supply chain operations.

---

Definitions:

Purpose

The reason for which something is done or created or for which something exists.

Paid Bondholders

The action of disbursing interest or principal payments to individuals or entities that hold a company's or government's bond.

Accrued Interest

The interest on a loan or bond that has accumulated since the principal investment, or since the last interest payment, if there has been one already.

Using Sinking Fund

The practice of setting aside money over time into a separate account to repay debt or replace a major asset in the future, thus avoiding a large lump-sum expense.