L3 Flashcards
1
Q
Define management theory?
A
attempts to explain & predict social phenomena as they occur in organisation
2
Q
What are 4 other management theories?
A
Population ecology theory
Strategy theory
theory of growth of the firm
stupidity based theory
3
Q
What % of success of a firm is driven by the CEO?
A
30%
4
Q
What is the transformational leadership theory?
A
executives give trusted employees the independence to make decisions and support new problem-solving approaches.
5
Q
What is the stupidity based theory?
A
better off if people do not ask questions/ are not critical - scientists are most difficult to lead
6
Q
A
