LEADERSHIP GRID
A situational leadership that has determined five leadership styles from two behavioral dimensions: concern for production and concern for people. The model, which was formed by Robert Blake and Jane Mouton in 1950s, is based on Theory Y.
Here are the five leadership styles in the model, both on a scale from one to nine: Impoverished (1,1); Dictatorial (9,1); Status Quo (5,5); Country Club (1, 9); and Sound (9, 9). The model suggests the high degree of concern for both people and production can upheave the productivity of an employee.
POPULAR TERMS
Quality Control Chart
A graphic that shows if sampled products are meeting their intended specifications and, if not, the degree by which they vary from those specificat ...
Value Chain
Value Chain is a high-level model depicting the process of how a particular business obtains raw materials and adds value to these materials by und ...
Stepwise Regression
Incremental, iterative construction of a regression model encompassing selecting independent variables automatically. This can be attained either b ...
Topside
Upper portion of an oil platform holding the drilling rig, production plant, and accommodation block or lodging. Seen above the water line, it pert ...
Conditional Probability
Probability of an event granted that another has occurred. It is computed by multiplying the probability of the previous event by the recent probab ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Health Savings Account: Eligibility
We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
Any person can utili ...
A Guide to Your Personal Income Tax: Last-Minute Moves
December 31 is fast approaching. The next thing you know you need to file your income tax return. So before you get swarmed by the hustle and bustl ...
Buying a Home: Getting Into the Escrow Process
You write an offer and the seller accepts it. Deal closed. It is about time to go through the escrow process. Why does a buyer need to undergo this ...
Principles of Trading: Well Known Trading Instruments
Traders look at two primary factors when choosing the instruments they desire to trade: liquidity and volatility. Liquidity is the extent to which ...
Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:00 | ANZ Commodity Prices | Jun | |
| 03:30 | ANZ Jobs Advertisements | Jun | |
| 08:00 | Factory Orders | May | |
| 09:00 | Unemployment Rate | Jun | |
| 10:30 | Construction PMI | Jun | |
| 10:30 | Sentix Investor Confidence | Jul | |
| 11:00 | PPI | May | |
| 11:00 | Retail Sales | May | |
| 15:45 | Final Services PMI | Jun |
