A Small Business Owner Needs to Remember That When It

question 90

Multiple Choice

A small business owner needs to remember that when it comes to employee involvement in the strategic planning process:

• A)involvement is a prerequisite for the achievement of total employee commitment.
• B)his/her employees look to him/her for leadership and do not want to be involved.
• C)the delegation of authority is not as important as communicating a clear vision.
• D)employees do not need to be involved in the strategic process but do need to be involved in the operational process.

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Definitions:

Occupation

A person's job or profession, often defining one's skills and economic contribution.

Income

The monetary amount received on a regular basis for work or through investments.

Digital Natives

Individuals who have been exposed to digital technologies from an early age, making them highly familiar and comfortable with digital communication and media.

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Macroenvironmental factor that has greatly contributed to the improvement of the value of both products and services in the past few decades.