Leadership and Business strategy Week 3 and 4 - Quiz to recap

What is the main difference between leadership and management in farm businesses?

• Leadership charts a sound course for the business operation to follow; management ensures that the business operation is sound.

• Leadership focuses on the short run; management focuses on the long run.

• Leadership does things right; management does the right things.

• Leadership operates analytically; management operates creatively.

What are some of the challenges facing the agri-business sector today?

• Growing consumer demands, environmental concerns, animal rights issues, biotechnology, trade policies.

• Declining consumer demands, environmental benefits, animal welfare issues, organic farming, local markets.

• Stable consumer demands, environmental regulations, animal health issues, genetic engineering, regional markets.

• Increasing consumer demands, environmental opportunities, animal production issues, nanotechnology, global markets.

What are some of the roles and responsibilities of a leader in the agri-business sector?

• Training new hires, communicating transparently, encouraging collaboration, obtaining input, empowering employees.

• Hiring new staff, communicating frequently, enforcing rules, giving feedback, motivating employees.

• Firing old staff, communicating rarely, imposing orders, withholding information, controlling employees.

• Retaining old hires, communicating vaguely, discouraging teamwork, ignoring input, micromanaging employees.

What are some of the skills of a top flight general manager in the agri-business sector?

• Finance, human resources, operations, sales and marketing, transportation and logistics, technology.

• Accounting, recruitment, production, advertising, distribution and storage, innovation.

• Budgeting, training, quality control, customer service, delivery and packaging, research and development.

• All of the above.

What are some of the steps involved in setting goals and objectives for a farm business?

• Creating a mission statement, identifying roles and needs, developing a strategic plan.

• Creating a vision statement, identifying strengths and weaknesses, developing a tactical plan.

• Creating a value statement, identifying opportunities and threats, developing an operational plan.

• All of the above.

What are some of the methods of communicating and influencing in the agri-business sector?

• Verbal communication (e.g., speaking clearly and confidently), non-verbal communication (e.g., using body language and gestures), written communication (e.g., writing clearly and concisely), listening skills (e.g., paying attention and asking questions), persuasion skills (e.g., using facts and logic).

• Verbal communication (e.g., speaking loudly and aggressively), non-verbal communication (e.g., using facial expressions and eye contact), written communication (e.g., writing formally and elaborately), listening skills (e.g., interrupting and correcting), persuasion skills (e.g., using emotions and opinions).

• Verbal communication (e.g., speaking softly and hesitantly), non-verbal communication (e.g., using posture and distance), written communication (e.g., writing informally and briefly), listening skills (e.g., ignoring and dismissing), persuasion skills (e.g., using threats and rewards).

• None of the above.

What are some of the benefits of delegating and empowering in the agri-business sector?

• (A) Increasing productivity, efficiency, quality, innovation.

• (B) Decreasing workload, stress, responsibility, accountability.

• (C) Increasing morale, motivation, commitment, loyalty.

• Both A and C.

What are some of the ways to fulfill leadership roles and responsibilities effectively and ethically in the agri-business sector?

• Developing and executing strategic plans, proactively addressing challenges, recruiting and mentoring senior leaders, developing strong relationships.

• Developing and executing tactical plans, reactively solving problems, hiring and firing junior staff, developing competitive advantages.

• Developing and executing operational plans, passively avoiding risks, retaining and training existing staff, developing cost efficiencies.

• None of the above.

Is leadership the same as management in farm businesses?

• Yes

• NO

Is training new hires a role and responsibility of a leader in the agri-business sector?

• YES

• NO