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Discuss the Significance of the Management Section of the Business

question 31

Essay

Discuss the significance of the management section of the business plan and what it should contain.


Definitions:

Self-concepts

The collection of beliefs and perceptions individuals hold about their own abilities, behavior, and personality.

Collective Identity

The shared sense of belonging to a group, where members perceive themselves as a part of the collective, often leading to a shared sense of purpose or goals.

Contingent Reward

A leadership strategy where rewards are given for achieving specific performance criteria or desired behaviors.

Management-By-Exception

A leadership strategy where managers intervene and take corrective action only when performance does not meet standards, otherwise allowing employees to work independently.

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