wanna get definition of above all 1. Modern finance theory indicates t

QUESTION

wanna get definition of above all
1. Modern finance theory indicates that the assumption of managerial role is to maximize the value of the firm. In other words to maximize the price of the stock. Wealth maximization is preferred due to 4 reasons 1) Building wealth for long term 2) Risk or Uncertainty 3) The timing of returns 4) The stock holders returns 2. 1) Say the Truth. Everyone is not a star. Choose a few with provenleadership or talent potential and nurture them. It will surely come back to the business as these nurtured individuals, do the same withother workers. 2) Roles and responsibilities should be clearly communicated. You should set a path to success not only for those with leadership skills but for all the employees. Sometimes this would mean erratic changes, but remember the most important thing a leader has to never surprise an employee even though if its a bad news. A development plan fshould be developed for all, and a get-well plan for¦

hose whose performance is behind other employees. 3) Form a workplace culture that values people relationships . Many employees, value workgroup relationships and relationships between managers and workers drive engagement more effectively thanlogo T-shirts, and Thursday gatherings. 4) Be open and fair. Do not treat everyone equally This is a fair process of managing and leading. Employees are more likely to respond positively to change when the process used to manage change is fair. 5) Model the behaviors you seek. Accept your responsibility as a leader and act with engagement, commitment and responsibility.

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