The Five-Forces Model Helps to Determine Both the Nature of Competition

question 97

True/False

The five-forces model helps to determine both the nature of competition in an industry and the profit potential for the industry.

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Definitions:

Leadership Substitutes

Factors that can replace the need for leadership by making leadership unnecessary, such as highly structured tasks or highly motivated individuals.

Situational Control

The degree to which individuals can influence or manage the conditions or environment they are in.

Fiedler’s Contingency Model

A leadership theory proposing that effective leadership depends on the match between a leader's style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.

Path-Goal Leadership

A theory that emphasizes how a leader's style can influence the satisfaction and performance of their subordinates by clarifying the paths to goals and removing obstacles.