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The Business Legends are movers of the industry. They have made revolutionary transformations to the way we live, to how we approach life, and to how we breakthrough beyond what was commonly known as impossible. This module is intended for students who are interested in understanding the way people work, as individuals and as group members in firms. The module explores essential topics in a clear, concise and informative manner, aiming to introduce students to the interpersonal perceptual processes in a work environment; the key behavioural factors determining effective and ineffective groups; the usefulness of theories on leadership/management styles; and the difficulties in implementing change in organisations.

Managers may be encouraged to behave in ways that are not most favourable to the shareholders of the company. Shareholders can spread their risk by investing in a number of firms. But the managers may be averse to investing in risky investments. Although shareholders wealth is maximized by investing in projects with positive net present values, managers may be more interested in short term payback in order to help further their own promotional prospects. Managers of firms which are subject to takeover bids often try to resist the predator. When the takeover bid succeeds, the managers of the acquired company often lose their jobs and status while the shareholders of the acquired company often receive large gains in the value of their shares. Managers may be motivated to award themselves and the staff better terms and conditions of service which will incur costs and reduce profits. If shareholders are losing as a result, they may sell their shares and the market value of the firm will fall.

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