Entrepreneurs Often Have a Hard Time Psychologically If They Decide

question 132

Multiple Choice

Entrepreneurs often have a hard time psychologically if they decide to sell the business.It feels like their child because they created it and helped it grow.This is an example of

• A)optimization.
• B)bounded rationality.
• C)satisficing.
• D)synergy.
• E)escalation of commitment.

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Definitions:

Delegate Style

A leadership approach where responsibilities and tasks are distributed to team members, empowering them to make decisions and contribute to outcomes.

Subordinate Empowerment

The practice of delegating authority and responsibilities to lower-level employees, thereby enhancing their role in decision-making.

Vroom-Jago Leadership Model

A theoretical model that suggests leadership effectiveness through participatory decision-making, considering the situation’s nature and the leader's involvement in decision-making.

Decision Significance

The importance or impact that a particular decision has on an individual, group, or organization.