Strategic Planning Is the Process of Anticipating Events and Market

question 9

True/False

Strategic planning is the process of anticipating events and market conditions and deciding how a firm can best achieve its organizational objectives.

Identify the factors that influence job satisfaction and motivation according to Herzberg’s two-factor theory.

Understand the concept of acquired needs theory and how it suggests that achievement, power, and affiliation needs are influenced by life experiences.

Comprehend the two-factor theory of Herzberg and its distinction between hygiene and satisfier factors in relation to job satisfaction and motivation.

Recognize the significance of power and affiliation in managerial roles and leadership as per McClelland and Herzberg's theories.

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Definitions:

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members; often associated with authoritative decision-making.

Trait

A distinguishing characteristic, such as a habit, manner, or peculiarity. Trait theory in leadership focuses on qualities that mark a leader, such as intelligence, integrity, and energy.

Leader Behavior Description Questionnaire

A survey instrument used to measure the behaviors of leaders, based on the perceptions of their subordinates.

Autocratic

A leadership or management style characterized by individual control over all decisions and little input from group members.