Assignment: CONTEMPORARY BUSINESS PRACTICE Dr. IRA MORROW

RETURN THIS QUESTION SHEET WITH YOUR ANSWER BOOKLET.

This is an essay exam so try to provide complete, interesting, specific, and informative answers. Show how much you know by explaining points in detail with examples. Writing clarity and quality count as well.

1. Clearly define and discuss the difference between the terms efficiency and effectiveness. Additionally, discuss the possible relationships between efficiency and effectiveness.

2. Explain the differences between a group and a team.

3. Define leadership and then indicate and discuss the five sources of power that leadership is based on.

4. Fully discuss the impact that companies can have on their individual employees and the impact that individual employees can have on their companies.

5. Explain what it means to refer to companies as systems and as open systems.

6. Discuss the steps an undergraduate student can take to enhance their own management and leadership skills.

7. Indicate and discuss five factors that are important in today's business environment.

8. Discuss three major steps that companies must take in order to deal with their external environment.

9. Provide a full description of the approach to management known as Scientific Management

10. Indicate and discuss three major steps companies must take in order to create an organizational structure.