Business Leadership and Performance
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Questions and Answers

What are the potential benefits of research in businesses?

Creating employment opportunities, igniting creativity and innovation, and having a positive contribution to the overall status of the economy and society.

What is the main objective of the study discussed in the text?

To determine and explore the effectiveness of different leadership styles among business owners and how these factors affect their business performance.

What is the age range of the business owners surveyed in the study?

20 to 50

What is the geographic limitation of the study?

<p>The study is only limited to specific areas in Lucena City and does not cover the entire place.</p> Signup and view all the answers

What is the focus of the study in terms of business type?

<p>Clothing line small business owners</p> Signup and view all the answers

What are the limitations of the study's sample size?

<p>The sample size of 50 business owners may not represent all of Lucena City's clothing line business.</p> Signup and view all the answers

What is the main purpose of the financial metric that goes beyond covering costs and expenses?

<p>To have surplus funds for daily financial requirements or potential reinvestment.</p> Signup and view all the answers

What is the primary goal of keeping a close eye on customer connections?

<p>To uncover opportunities to improve service and goods, and to better understand how to meet the needs of customers.</p> Signup and view all the answers

What is the purpose of employee performance evaluation?

<p>To determine areas of development, potential, and/or growth for an employee to improve productivity performance.</p> Signup and view all the answers

What is an intervention program designed to do?

<p>To bring a change in a particular condition or situation.</p> Signup and view all the answers

Why do businesses and individuals buy products and services from another company?

<p>To consume the product or service.</p> Signup and view all the answers

What do stakeholders gain from a financial metric that gauges an entity's financial well-being?

<p>Insights into sustainability, growth potential, and readiness to handle unforeseen circumstances.</p> Signup and view all the answers

What is the major problem faced by businesses in today's market?

<p>targeting consumers to maintain competitive advantages</p> Signup and view all the answers

What is the key benefit of situational leadership styles in managing teams?

<p>adaptability and flexibility</p> Signup and view all the answers

Why is flexibility essential in leadership according to business owners?

<p>because situations are not the same</p> Signup and view all the answers

What are some examples of challenges faced by small business clothing owners?

<p>fluctuating customer demands, unexpected market trends, or internal operational issues</p> Signup and view all the answers

What is the limitation of sticking to a rigid leadership style?

<p>it may not yield optimal results</p> Signup and view all the answers

What is the significance of situational leadership styles in today's business environment?

<p>it allows for efficient management and problem-solving</p> Signup and view all the answers

What is the primary focus of transactional leadership, and how does it set the stage for transformational leadership?

<p>The primary focus of transactional leadership is on dealing with basic needs and is more focused on management. It sets the stage for transformational leadership, which focuses on higher-level needs.</p> Signup and view all the answers

What might be the consequence of small business owners in Lucena City predominantly adopting transactional leadership?

<p>The consequence might be a focus on maintaining the status quo and enforcing rules, which may hinder leaders and followers from reaching their full potential and adapting to the evolving nature of the clothing line business.</p> Signup and view all the answers

What is the implication of aligning transactional leadership with Maslow's hierarchy of needs?

<p>It implies a concentration on fulfilling basic needs, which may not be sufficient for addressing the complex challenges and higher-level requirements of small businesses in the clothing line industry.</p> Signup and view all the answers

What is the limitation of a managerial approach that focuses on contingent rewards and management by exception?

<p>It may not be conducive to fostering creativity and adapting to changing market dynamics.</p> Signup and view all the answers

What is the importance of exploring alternative leadership styles beyond transactional approaches?

<p>It is crucial for small business owners in Lucena City to move beyond a focus solely on basic needs and routine management to achieve growth and success.</p> Signup and view all the answers

What is the main takeaway from the research on transactional leadership in the context of small businesses in the clothing line industry?

<p>The research highlights the need to move beyond a focus solely on basic needs and routine management to achieve growth and success.</p> Signup and view all the answers

What type of leadership style is desirable for clothing line entrepreneurs to enhance business performance?

<p>A leadership style that fosters creativity, adaptation, and the realization of higher-level needs among both leaders and followers.</p> Signup and view all the answers

What is the primary focus of situational leadership?

<p>Adapting to the needs of a group or organization to become a better and more effective leader.</p> Signup and view all the answers

What is the basic approach of situational leadership theory?

<p>Different leadership styles are needed depending on the situation to achieve the best results.</p> Signup and view all the answers

Who developed the situational leadership approach in 1969?

<p>Hersey and Blanchard</p> Signup and view all the answers

What is required to be a good leader according to the situational leadership style?

<p>Understanding different situations and the specific leadership style needed, and being able to adjust one's leadership style accordingly.</p> Signup and view all the answers

What is another term for the situational leadership style?

<p>Situational leadership theory or situational leadership model.</p> Signup and view all the answers

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