The What Went Wrong? Feature in Chapter 14 Focuses on Steve

question 39

Multiple Choice

The What Went Wrong? feature in Chapter 14 focuses on Steve & Barry's, a retail chain that grew rapidly from 2003 to 2008 but sold its stores to an investment firm in 2009. According to the feature, during its rapid growth, Steve & Barry's sewed the seeds for its ultimately failure primarily because it:

• A) had a hard time finding celebrity endorsers
• B) engaged in a number of disappointing acquisitions
• C) developed a weak brand
• D) wasn't able to gain market share
• E) wasn't making money on its retail operations

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Definitions:

Path-Goal Leadership Theory

An approach suggesting that a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates.

Participative Leadership Style

A leadership approach where the leader includes team members in the decision-making process, fostering collaboration and collective involvement.

Achievement-Oriented Leadership

Is a leadership style characterized by setting challenging goals, emphasizing excellence and performance, and demonstrating confidence in followers' ability to meet high standards.

Path-Goal Model

A leadership theory that suggests the leader's job is to assist followers in attaining their goals and to provide direction or support needed to ensure their goals are compatible with the objectives of the group or organization.