First-line managers generally require more technical skills and fewer conceptual skills.
Conceptual skills are vital for top managers, less critical for mid-degree managers and no longer required for first-stage managers. As we move from the bottom of the managerial hierarchy to the pinnacle, the significance of these capabilities will upward thrust. Professional first-line managers can pay attention, talk, and write truely and continually, speaking for maximum effect with people at all degrees inside the organization, including team members, superiors, friends, and others. it is specifically important to correctly speak desires and expectations.technical abilities are the most vital for lower level managers because the managers surpervise the workers who produce products or serve clients. Group leaders and first-line managers want technical understanding and competencies to train new employees and help employees remedy problems. Pinnacle managers need sturdy conceptual abilities, whilst the ones at midlevels need top interpersonal abilities and those at lower stages want technical abilities. All managers want robust communication, selection-making, and time-management skills.
Because of this first-line managers need to be skillful hassle solvers who recognize the way to quick expand alternative plans and enforce them within teams. First-line managers have to remain agile and flexible when shifts unavoidably occur within an organizational structure.
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A legal firm would be considered a service company because they provide legal services to clients and persons.
Answer:
846,000 shares
Explanation:
According to the scenario, computation of the given data are as follows:
Outstanding common stock = 807,000 shares
Outstanding option stock = 150,000
option price = $37
Market price of common stock = $50
So, 150,000 - (150,000 × $37 ÷ 50)
= 150,000 - 111,000
= 39,000
So, Number of shares = 807,000 + 39,000
= 846,000 shares