MGM101H5 Lecture 3: Lecture 3
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MGM101H5 Full Course Notes
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Document Summary
What is business: an effective management by finding and using the right tools at the appropriate time, building a foundation as you find more management tools to build on. Adam hill, ceo of lgm financial services, is an effective leader. Link to article: he looks for those who desire and/or have the same working values, he cares for his employees and tries to bring in good communication between himself and his employees, he encourages and provides feedback. So they can learn from their mistakes and grow . We don"t want have people to volunteer for self-interest. We want people to volunteer to help : strengthens the relationships between himself and his employees. Allowing the employees to feel welcomed, empowered, comfortable. In a time of crisis, you need a strong autocratic leader to take charge: theory x and theory y does not necessarily mean good vs bad.