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Arises when group members recognize that the leader has special expertise in the area |
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| The way people get along with each other |
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| Stems from personal trust and respect members have for the leader |
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| the ability to influence individuals and groups to accomplish important goals |
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| The way a manager treats and directs employees |
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| The combined use of tactical and strategic management |
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The ability to get others to accomplish tasks because of the position the leader holds |
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| Results from the leader’s ability to give or withhold rewards |
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A leadership style where managers are less directive and involve employees in decision-making |
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A leadership style where the manager is more directive and controlling |
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A written description of the business idea and how it will be carried out, including all major business operations. |
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| Money needed for the important resources of a business (such as land, buildings, and equipment) that will last for many years |
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| The amount of money needed to open the business |
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The money needed to pay for the current operating activities of a business. |
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| Human resource management |
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| Ensuring that needed employees are available, that they are productive, paid, and satisfied with their work |
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| the people who work for the business |
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| a specific amount of money paid for each week or month worked |
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| an employee who works a schedule of at least 30 hours per week |
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| a system that pays the employee a percentage of the sales for which he/she is responsible |
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| an employee that has a long-term commitment to a company |
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| a system that combines a small wage or salary with an additional amount determined by performance |
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| a compensation plan that pays the employee a specific amount for each unit of work produced |
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| an employee hired for a specific time or to complete a specific assignment |
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| an employee who works less than full-time employees by working either fewer hours each day or fewer hours each week |
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Definition
| direct payment to an employee for work completed |
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| compensation in forms other than direct payment for work |
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| an incentive plan in which employees receive their regular compensation plus a share of the profits earned |
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| the amount of money paid to an employee for work performed |
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Definition
| a wage that pays the employee a specific amount of money for each hour worked |
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