Why Must Successful Managers Recognize Opportunities and Threats in Their

question 3

Multiple Choice

Why must successful managers recognize opportunities and threats in their company external environment?

• A) If they miscalculate the market, opportunities will be lost.
• B) If they misread the market, they are likely to become rich.
• C) If they identify all of the environmental threats, they are guaranteed to acquire large market share.
• D) If they identify all of the environmental opportunities, they are guaranteed to acquire large market share.

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Definitions:

High LMX

Refers to high-quality Leader-Member Exchange relationships characterized by trust, respect, and mutual obligation between leaders and followers.

Transformational

Pertaining to change that is comprehensive, fundamental, and often radical, affecting something at its very core.

Servant Leadership

A leadership philosophy which emphasizes the leader’s role as serving the needs of others first, aiming to enrich the lives of individuals and build better organizations.

Robert Greenleaf

The founder of the modern servant leadership movement, emphasizing the importance of leaders being attentive to the needs of their followers.