Management by Walking Around

question 31

Multiple Choice

Management by walking around:

• A) Is the label used to describe new executives when they get lost in unfamiliar buildings
• B) Should be used only when executives need to explain corporate decisions
• C) Minimises the problem of filtering in the communication process
• D) Is an ineffective process for upward communication

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Definitions:

Prospective Financial Backers

Potential investors or sponsors who may provide financial support to a project, business, or initiative.

Business Plan Document

A comprehensive written proposal that details a business's objectives, strategies, market analysis, and financial plans, serving as a roadmap for growth and success.

Unique Opportunity

A rare and advantageous situation that is not typically available to everyone, often offering significant potential for growth or benefit.

Crowdfunded Products

Products or projects that are financed by a large number of people contributing small amounts of money, typically via the internet.