Which of the following is a valid observation of the interrelationship between management and leadership?
A) Organizational management is a subset of organizational leadership.
B) All leaders are managers, but all managers are not leaders.
C) Management and leadership are mutually exclusive behaviors.
D) Not all leaders are managers and not all managers are leaders.
Answer: D
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Refer to Additional Case 1.2. The most likely benefit of this strategic planning session is:
Additional Case 1.2 As the manager of HR of an old, established company, you are leading the management team in a strategic planning session. During the planning session, managers are being forced to think about the future, see the likely changes in the marketplace, and make plans to use company resources to enhance their competitive edge. The company decides that as part of its business strategy, it wants to attract and retain the best possible employees. You suggest that the company pay a hiring bonus, use a pay scale that is 10% above the industry average, and provide an extra week of vacation after only one year instead of the standard three years. A) communicating a specific business strategy for the firm. B) identifying the constraints and capabilities of the firm's HR. C) exploiting and expanding the firm's distinctive capabilities. D) identifying gaps between the current situation and a future vision.
A profit pool map will reveal the segments in which money is ________ in an industry
A) increasing at the highest rate B) below the profit line C) actually being made D) increasing at the lowest rate