  We explore the limitations and validity of semi-classically formulated spin
equations of motion. Using a single-molecule magnet as a test model, we employ
three qualitatively different approximation schemes. From a microscopic model,
we derive a generalized spin equation of motion in which the parameters have a
non-local time-dependence. This dynamical equation is simplified to the
Landau-Lifshitz-Gilbert equation with i) time-dependent, and ii)
time-independent parameters. We show that transient dynamics is essentially
non-existing in the latter approximation, while the former breaks down in the
regime of strong coupling between the spin and the itinerant electrons.
