Common management challenges facing entrepreneurs

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1. Describe the five potential sources of power as suggested by French and Raven. Have you ever been subordinate to one of these sources of power? Describe that experience.

2. Former Secretary of State, and Chairman of the Joint Chiefs, Colin Powell has stated "Endeavors succeed or fail because of the people involved..." Do you agree with General Powell's statement, or do you believe that there are times when circumstances take over? How do his comments relate to the concepts of accountability and empowerment?

3. The text identified 8 common management challenges facing entrepreneurs. Why do you believe "Growth, Delegation and Poor Controls" are included in this list of challenges? Please be specific in your answers.

4. Examine the "pros and cons" of a matrix organization and explain what, if anything, you would have to change about your work style in order to be successful in a matrix environment.

5. Examine and explain the differences between being a "leader" and a "manager," and provide an example of when each style might be appropriate in a business setting. Please provide a basis for your conclusions.

6. Research and explain what is meant by the term - "the Internet of Things." Identify 5 Management jobs that you believe will be at risk as the Internet of Things works its way through the economy.

Reference no: EM131441325

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