The Behavioural Theory Approach of the Firm

question 10

Multiple Choice

The behavioural theory approach of the firm:

• A)allows for the existence of a variety of stakeholders
• B)controls the power of strategic stakeholders
• C)simplifies the process of monitoring strategy
• D)explains why key stakeholders' differing expectations are always in agreement

---

Definitions:

Big Risks

Actions or decisions in any context that carry a significant potential for negative outcomes but also potentially high rewards.

Democratic Leader

A person in charge who confers final authority on the group.

Product Development

The creation of new products or enhancement of existing ones, from idea through design, testing, and finally to market introduction.

Consultative Leader

A leadership style characterized by seeking input and feedback from team members before making decisions.