GE's Planning Grid Approach

question 103

Multiple Choice

GE's planning grid approach

• A) doesn't work because different managers usually come to different conclusions given the subjective evaluations involved.
• B) is really the same thing as the total profit approach.
• C) overemphasizes short term profitability.
• D) is superficial because it considers only size and expected market share, and ignores other possibly important factors.
• E) could be adapted easily by another firm with different objectives.

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Definitions:

Emergent Leadership

The process by which an individual within a group becomes recognized as a leader for their actions and qualities rather than through formal authority or election.

Dynamic Team Phenomenon

The changing nature of teamwork, where interactions and roles within a team evolve over time based on circumstances and goals.

Leadership Roles

Positions within an organization or group that involve guiding, directing, and influencing the work of others.

Organizational Member

An individual who belongs to a specific organization, contributing to its culture, goals, and functioning through their role and actions.