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The company ATT was the legal monopolist according to Alexander Graham Bell’s patent of the device in 1876. When the patent expired, ATT was still the long di stance telephone monopolist due to the procurement of other patents. Because of this, ATT was the monopolist into the 20th centuryShow MoreRelatedMeaning Of Directing : Managing An Enterprise1471 Words   |  6 Pages Meaning of Directing: While managing an enterprise, managers have to get things done through people. In order to be able to do so, they have to undertake many activities, like guiding the people who work under them, inspiring and leading them to achieve common objectives. An office manager, for instance, has to supervise the activities of his subordinates, i.e., typists, office assistants, dispatchers, accounts clerks, etc. He has to issue instructions to them and describe and illustrate theRead MoreThe New Global Economy : Market Competition1493 Words   |  6 Pagescustomer needs is important. Koners et al. (2010) have pointed out that approximately 90% of innovative products cannot achieve predicted sales numbers as organisations are not sufficiently focusing o n customer needs. While an organization should not only concentrate on the current customer needs but should also carry a technological innovation to attract emerging customers (Brower and Christensen 1995). This essay critically examines that a firm may take a toll by not focusing on satisfying sufficientlyRead MoreResponsibilities Of An Organization And Strategies3403 Words   |  14 PagesExecutive Summary: Organizations are social entity which created for the welfare of the people of the country. The name of the organization determines their basic objectives, their roles and responsibilities toward several groups of stakeholder’s .Stakeholders play an important role in satisfying the needs of customers through organization. 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Different business situations require specific leadership styles. These leadership styles include participative, autocratic, leadership grid based and entrepreneurial. The Participative leadership style is characterized by a leader who turns to the team for input, ideas, and observations instead of making all decisions on their own. The leader recognizes that the team has skills and ideas thatRead MoreMotivation in Workplace Essay2798 Words   |  12 Pagesimmensely capable of doing some work, nothing can be achieved if he is not willing to work .creation of a will to work is motivation in simple but true sense of term. Motivation is an important function which very manager performs for actuating the people to work for accomplishment of objectives of the organization .Issuance of well conceived instructions and orders does not mean that they will be followed .A manager has to make appropriate use of motivation to enthuse the employees to follow themRead MoreMarketing and Moderate4936 Words   |  20 Pagesits overall purpose and _____. a. mission b. values c. vision d. strengths (a; Easy; p. 41) 4. Marketing planning at your firm occurs at what levels? a. business unit; market b. business unit; product c. product; market d. business unit; product; market (d; Challenging: p. 41) 5. A clear mission statement acts as an invisible hand that guides people in the firm. It is a statement of _____. a. fact b. values c. purpose d. financial