RP
Answered
Erin just won Lotto America, which will pay her $40 million over the next 20 years at a rate of $2 million a year. Is Erin $40 million richer today?
On May 15, 2024
Even though Erin will eventually receive $40 million, she would not be considered that wealthy today. Income to be received in the future is discounted to determine its present value. Also, for purposes of determining Erin's wealth, we would need to consider current and future tax liability.
RP
Answered
What conditions will it take for research on followership to become as popular as research on leadership? Consider global,cultural,or societal conditions.
On May 15, 2024
ans will vary.Students may acknowledge that followership research is in its infancy and,unlike leadership research,lacks formal theories based on empirical data.However,interest in followership is growing.Students may discuss various changes occurring in society that are putting followership in a brighter spotlight.Those changes include the evolution of organizational hierarchies into flatter dimensions where positional,authoritative leadership is falling out of fashion and leadership is shared.That is,with the rise in our knowledge that 'good' leadership is relational (with contemporary follower-focused frameworks such as Transformational,Servant,Authentic,and Adaptive leadership),it is more likely that the other side of the leadership equation--followership--is next to be studied.Another factor is globalization and the mixture of various cultures inside organizations,especially cultures with a collective 'we' orientation that value the good of the group and those cultures that may be less leader-centric.Finally,students may discuss the rise in our awareness of toxic leaders in various domains around the globe and how fields such as politics,business,athletic administration,and others will be examining the phenomenon of people following destructive leaders and how followers can influence change.