Cadence works for WilderCorp. She meets with a team to make all-encompassing decisions concerning the direction of the business. She also personally supervises managers and conducts training for supervisors and plant managers. Cadence also buys stock in WilderCorp. What is Cadence’s position in the company?     More than one option   Director   Executive   Shareholder

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Cadence works for WilderCorp. She meets with a team to make all-encompassing decisions concerning the direction of the business. She also personally supervises managers and conducts training for supervisors and plant managers. Cadence also buys stock in WilderCorp. What is Cadence’s position in the company?

 
  •  
    More than one option
  •  
    Director
  •  
    Executive
  •  
    Shareholder
Expert Solution
Step 1

INTRODUCTION:

Training is a methodical procedure used to acquire the knowledge, abilities, and attitudes necessary to carry out a particular work or employment. It is a quick procedure that emphasizes educating people on how to do their existing jobs more successfully. There are several ways to give training, including workshops, simulations, e-learning modules, on-the-job training, and classroom lectures.

On the other hand, development is a broader concept that refers to the long-term process of improving an individual's overall capabilities, both for their current job and future roles. Development involves identifying an individual's strengths and weaknesses and providing them with the necessary learning opportunities, mentoring, coaching, and feedback to help them reach their potential. It is a continuous process that prepares individuals for future job responsibilities and career growth.

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