One criticism of servant leadership is that RESEARCHERS HAVE BEEN UNABLE TO REACH A CONSENSUS ON A COMMON DEFINITION. The servant leadership hypothesis is of the opinion that servant leadership consist of various abilities, traits and behaviors. Up to date, researchers have not agree on a common definition or theoretical frame work for servant leadership.
A. Record journal entries
Answer:
Yes, I agree
Explanation:
As managers in an organization, proper attention must be paid to the forces in the external environment because these forces are dynamic and business cannot exist without them hence must align with these changes inorder to be successful.
Some of theses forces have direct impact with an organization such as customer's reaction to a company's product, how well the company stays ahead of it's competitors , suppliers and creditors. External forces in the environment that have indirect impact to a company are compliance with local laws, socio cultural forces, religion etc.
Practical examples
• Customer's reaction to a product speaks to what measures are taken by a company to improving the quality of products produced and sold. Favourable reaction would make the company succeed while unfavourable reaction could mar the company's performance.
• Level of compliance with local laws is also an important force in the external environment that must be adhered to. If a company must succeed, it must comply with local laws and order, failure to do so could result to fine or expulsion from the community.
Answer:
Business Environment Research
Explanation:
Very intensive 'business environment research' strategy is important for any company trying to open more stores in any new market. Business Environment refers to external factors that affect a business.
All the aspects of market environment
- Economic (Growth, Income, Monetary Policy, Interest etc)
- Political (Political stability, business community trust)
- Legal (Laws, Rules & Regulations, Mandates etc)
- Social (Customs, Beliefs, Lifestyles, Values etc)
- Technological (Ongoing scientific & technical upgradations)
It is important to understand all these aspects to be able to understand a market better, & sell (expand) their successfully.
Synergism comes in when two companies combined where their value and their performance will become greater than<span> the sum of the separate individual parts. Synergism originally comes from the Greek word, "synergos" which means working together.</span>
