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Refer to the scenario below to answer the following questions.
Hersey and Blanchard's Situational Leadership Theory(Scenario)
Eric is trying to find the right leadership approach to use on his diverse group of employees. The workers vary widely in age, experience, and enthusiasm. Some employees need a lot of direction, while others do not. Yesterday, Eric accidentally upset one of the older and more experienced workers, Hazel, by trying to offer too much help. Hazel is a very capable and willing employee, and after 20 years with the company, she probably knew the job a lot better than Eric did. But he was only trying to be helpful, and he was also trying to compensate for the day before when he had not offered enough help to another worker, Joe. As a new employee, Joe had very little experience and needed a lot of specific information about his work duties. Other employees were more like Hank, who was able to do his job and liked to share in decision making. In his interactions with Hank, Eric focused more on communication and facilitation. After some consideration, Eric has chosen to apply Hersey and Blanchard's situational leadership theory.
-To apply situational leadership theory, Eric needs to focus most on which of the following variables?
Long-Term Debt
Represents loans and financial obligations lasting over one year that a company owes and is recorded on its balance sheet.
Synergy Value
The potential additional value generated from combining two companies, often expected from cost savings or by achieving higher revenues.
Equity-Financed
Describes a business funding model where capital is raised through the sale of equity or shares in the company rather than through borrowing.
Cash or Stock
An option given to shareholders or partners, typically during a merger or acquisition, to receive payment in cash, stock, or a combination of both.
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