A "Profitable" Business Can Still Go Bankrupt Because of Problems

question 22

Short Answer

A "profitable" business can still go bankrupt because of problems with .

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Definitions:

Implicit Leadership Theory

Implicit Leadership Theory suggests that people have preconceived notions or stereotypes about the traits and behaviors that characterize effective leaders, which influence their perception of leadership.

Trait Approach

A theory of leadership that suggests certain inherited characteristics or personal attributes make a good leader.

Leadership Approach

Refers to the theories and styles adopted by leaders in guiding, influencing, and managing groups or organizations, ranging from autocratic to democratic, transformational to transactional.

Performance Orientation

Performance orientation is a focus within organizations or individuals on achieving outcomes and results, often measured against predefined standards or goals.