Nick works as the manager of Franklin Financial Consultants. His role involves giving tips and helping employees with regard to
various financial queries. He has the ability to persuade others with his excellent communication skills. He focuses on improving the competence of the organization rather than achieving specific goals. This information indicates that Nick is which type of leader?
Explanation: The service leader shares power, puts the needs of others first, and helps people develop and perform their jobs as well as possible. Service leadership reverses the pyramid of power; Instead of people working to serve the leader, the leader exists to serve others. When leaders shift to this paradigm of serving first, leaders achieve a purpose and creativity in those around them, resulting in better performing, more motivated and more satisfied people.
Answer: Higher productivity translated to higher standards of living, a greater demand for other goods, and increased capital investment. Improved technology increased farm output as well, dropping farm product prices and allowing workers to move into other industries.
