Mana midterm
Personality traits and Characteristics of entrepreneurship - answer Internal locus control
Chapter 1: Management today - answer
Talent - answer People and their talents—what they know, what they learn, and what
they achieve—are the crucial foundations for organizational performance.
Talent: Intellectual capital - answeris the collective brainpower or shared knowledge of a
workforce that can be used to create value.
- is the combines brainpower and shared knowledge of an organization's employees
(i.e. its people).
Intellectual capital (pt2) - answer is a strategic asset that organization can use to
transform human creativity, insight and decision making into performance.
Intellectual capital is also a personal asset, one to be nurtured and continually updated.
It is the package of intellect, skills, and capabilities that sets us apart, and that makes us
valuable to potential employers.
intellectual capital equation - answer Intellectual Capital = Competency x Commitment
Competency - answerrepresents your personal talents or job-related capabilities, -
although extremely important competency by itself won't guarantee success -
commitment - answerrepresents how hard you work to apply your talents and
capabilities to important tasks - both are essential
knowledge workers - answerworkers in today's age of information, technology , and
change are dominated by knowledge workers whose minds- their creativity and insight -
are critical assets.
A knowledge worker's mind is a critical asset to employers and adds to the intellectual
capital of an organization.
Futurist Daniel Pink says...
"whole mind" competencies - answerConceptual age where a premium will be placed
on "whole mind" competencies. Those who have them are both "high concept"-creative
and good with ideas and "high touch"—cheerful and good with relationships.
Creative economy - Gary Hamel - answerwhere even knowledge itself is a commodity
and you the only differentiator will be how fast you can create something new
,Technology - answerContinuing transformation of the modern workplace.
it continuously tests our talents and intrudes into every aspect of our lives
Technology: Fourth industrial age - answerOne where the cloud, mobile internet,
automation, robotics, and artificial intelligence are driving the forces of change.
Tech IQ- To succeed, it is critical to build and to maintain - answerthe ability to use
technology and to stay updated as technology continues to evolve.
to use current technologies at work and in personal life:
: checking inventory, making a sales transaction, ordering supplies,
telecommuting, virtual teams
Workplaces - answerare full of "virtual teams" with members who meet, access
common databases, share information and files, make plans and decisions, solve
problems together, and complete tasks without ever meeting face to face
Finding work and succeeding in the job selection process today involves - answerskilled
use of technology
These behaviours: Do not work in the world of the electronic job search - answerPoor
communication
Many employers use... - answersophisticated software to scan online profiles for
indicators of real job skills and experiences that fit their needs. Most recruiters today
also check social media for negative indicators about applicants
Globalization - answeris the worldwide interdependence of resource flows, product
markets and business competition that characterize the new economy
job migration - answeroccurs when global outsourcing shifts jobs from one country to
another.
simple terms: occurs when firms shift jobs from one country to another
Reshoring - answeris the shifting of manufacturing and jobs back home from overseas
Ethics - answerCode of moral principles that set standards of conduct of what is "good"
and "right," as well as "bad" and "wrong"
-An individual behaviour
- In business practices
Corporate Governance - answerAnother ethics indicator is the strength of corporate
governance. Think of this as the active oversight of top management decisions,
corporate strategy and financial reporting by a company's board of directors
,diversity: workforce diversity - answerThe term describes in the composition of
workforce in terms of Gender, age, race, ethnicity, religion, sexual orientation, and able-
bodiedness.
A diverse and multicultural workforce - answerboth challenges and offers opportunities
to employers
Diversity Bias - answerprejudice, discrimination, glass ceiling effect
prejudice - answerthe display of negative, irrational opinions and attitudes regarding
members of diverse populations.
Discrimination - answerprejudice becomes active discrimination when members of
some groups are unfairly treated and denied the full benefits of organizational
membership
One example of discrimination - answeris a manager inventing reasons not to interview
a visible minority job candidate.
The glass ceiling effect - answerAn invisible barrier or "ceiling" that prevents women
and minorities from rising to top jobs.
This thinking shows a subtle form of discrimination called glass ceiling effect : example
is a supervisor who refuses to promote a working mother for fear that parenting
responsibilities will make it hard for her to do a good job.
Career and connections - answerPeople must make sure that their skills are portable
and of current value in employment markets
- it always pays to remember the importance of online resumes and job searches, and
the power of social networking with established professionals. How well you
communicate those skills during the recruitment process.
Organizations consists of three types of workers - answer1)Permanent full time workers
2) Free lance or contract workers
3) Temporary part time workers
shamrock - Charles handy - answeruses the analogy of a shamrock to highlight the
challenges of developing skill portfolios that fit the new workplace
The first leaf : in the shamrock is - answera core group of permanent, full time
employees who follow standard career paths-
the number of people in this first leaf is shrinking....
they are being replaced by: next flashcard.
, Second leaf - answer"free lancers" and "independent contractors" who offer specialized
skills and talents on a contract basis, then change employers when projects are
completed.
Third leaf - answerFT workers are also being replaced by third lead of temporary part
timers. They often work without benefits and are the first to lose their jobs when an
employer runs into economic difficulties
Most people hired today will have to be able to succeed in - answera free agent
economy, one where people change jobs more often and work on flexible contracts with
a shifting mix of employers over time
self-management - answerbeing able to assess yourself realistically recognize strengths
and weaknesses, make constructive changes, and manage your personal development.
Here are the early career survival skills to acquire - answer1) Mastery: you need to be
good at something. you need to be able to contribute real value to your employer.
2) Networking: you need to know people and get connected. Networking with others
within and outside the organization is essential.
3) Entrepreneurship: you must act as if you are running your own business, spotting
ideas and opportunities and pursuing them.
4) technology: you have to embrace technology. You have to stay up to date and fully
utilize all that is available
5) Marketing: you need to communicate you successes and progress-both yours
personally and those of your work team.
6) Renewal: You need to learn and change continuously, always improving yourself for
the future.
Social networking tools - answertools such as LinkedIn, Facebook, and WeChat that
connect users with similar interests have become the great equalizer. They make the
process of connecting much easier and more democratic than ever before.
Organization - answeris a collection of people working together to achieve a common
purpose.
they provide useful goods and or services that return value to society and statisfy
customers needs
Oganizations are open systems - answerAll organizations are open systems that
interact with their environments. They do so in a continual process of obtaining
resources inputs-people information, resources, and capital- and transforming them into
outputs in the form of finished good and services for customers.
Personality traits and Characteristics of entrepreneurship - answer Internal locus control
Chapter 1: Management today - answer
Talent - answer People and their talents—what they know, what they learn, and what
they achieve—are the crucial foundations for organizational performance.
Talent: Intellectual capital - answeris the collective brainpower or shared knowledge of a
workforce that can be used to create value.
- is the combines brainpower and shared knowledge of an organization's employees
(i.e. its people).
Intellectual capital (pt2) - answer is a strategic asset that organization can use to
transform human creativity, insight and decision making into performance.
Intellectual capital is also a personal asset, one to be nurtured and continually updated.
It is the package of intellect, skills, and capabilities that sets us apart, and that makes us
valuable to potential employers.
intellectual capital equation - answer Intellectual Capital = Competency x Commitment
Competency - answerrepresents your personal talents or job-related capabilities, -
although extremely important competency by itself won't guarantee success -
commitment - answerrepresents how hard you work to apply your talents and
capabilities to important tasks - both are essential
knowledge workers - answerworkers in today's age of information, technology , and
change are dominated by knowledge workers whose minds- their creativity and insight -
are critical assets.
A knowledge worker's mind is a critical asset to employers and adds to the intellectual
capital of an organization.
Futurist Daniel Pink says...
"whole mind" competencies - answerConceptual age where a premium will be placed
on "whole mind" competencies. Those who have them are both "high concept"-creative
and good with ideas and "high touch"—cheerful and good with relationships.
Creative economy - Gary Hamel - answerwhere even knowledge itself is a commodity
and you the only differentiator will be how fast you can create something new
,Technology - answerContinuing transformation of the modern workplace.
it continuously tests our talents and intrudes into every aspect of our lives
Technology: Fourth industrial age - answerOne where the cloud, mobile internet,
automation, robotics, and artificial intelligence are driving the forces of change.
Tech IQ- To succeed, it is critical to build and to maintain - answerthe ability to use
technology and to stay updated as technology continues to evolve.
to use current technologies at work and in personal life:
: checking inventory, making a sales transaction, ordering supplies,
telecommuting, virtual teams
Workplaces - answerare full of "virtual teams" with members who meet, access
common databases, share information and files, make plans and decisions, solve
problems together, and complete tasks without ever meeting face to face
Finding work and succeeding in the job selection process today involves - answerskilled
use of technology
These behaviours: Do not work in the world of the electronic job search - answerPoor
communication
Many employers use... - answersophisticated software to scan online profiles for
indicators of real job skills and experiences that fit their needs. Most recruiters today
also check social media for negative indicators about applicants
Globalization - answeris the worldwide interdependence of resource flows, product
markets and business competition that characterize the new economy
job migration - answeroccurs when global outsourcing shifts jobs from one country to
another.
simple terms: occurs when firms shift jobs from one country to another
Reshoring - answeris the shifting of manufacturing and jobs back home from overseas
Ethics - answerCode of moral principles that set standards of conduct of what is "good"
and "right," as well as "bad" and "wrong"
-An individual behaviour
- In business practices
Corporate Governance - answerAnother ethics indicator is the strength of corporate
governance. Think of this as the active oversight of top management decisions,
corporate strategy and financial reporting by a company's board of directors
,diversity: workforce diversity - answerThe term describes in the composition of
workforce in terms of Gender, age, race, ethnicity, religion, sexual orientation, and able-
bodiedness.
A diverse and multicultural workforce - answerboth challenges and offers opportunities
to employers
Diversity Bias - answerprejudice, discrimination, glass ceiling effect
prejudice - answerthe display of negative, irrational opinions and attitudes regarding
members of diverse populations.
Discrimination - answerprejudice becomes active discrimination when members of
some groups are unfairly treated and denied the full benefits of organizational
membership
One example of discrimination - answeris a manager inventing reasons not to interview
a visible minority job candidate.
The glass ceiling effect - answerAn invisible barrier or "ceiling" that prevents women
and minorities from rising to top jobs.
This thinking shows a subtle form of discrimination called glass ceiling effect : example
is a supervisor who refuses to promote a working mother for fear that parenting
responsibilities will make it hard for her to do a good job.
Career and connections - answerPeople must make sure that their skills are portable
and of current value in employment markets
- it always pays to remember the importance of online resumes and job searches, and
the power of social networking with established professionals. How well you
communicate those skills during the recruitment process.
Organizations consists of three types of workers - answer1)Permanent full time workers
2) Free lance or contract workers
3) Temporary part time workers
shamrock - Charles handy - answeruses the analogy of a shamrock to highlight the
challenges of developing skill portfolios that fit the new workplace
The first leaf : in the shamrock is - answera core group of permanent, full time
employees who follow standard career paths-
the number of people in this first leaf is shrinking....
they are being replaced by: next flashcard.
, Second leaf - answer"free lancers" and "independent contractors" who offer specialized
skills and talents on a contract basis, then change employers when projects are
completed.
Third leaf - answerFT workers are also being replaced by third lead of temporary part
timers. They often work without benefits and are the first to lose their jobs when an
employer runs into economic difficulties
Most people hired today will have to be able to succeed in - answera free agent
economy, one where people change jobs more often and work on flexible contracts with
a shifting mix of employers over time
self-management - answerbeing able to assess yourself realistically recognize strengths
and weaknesses, make constructive changes, and manage your personal development.
Here are the early career survival skills to acquire - answer1) Mastery: you need to be
good at something. you need to be able to contribute real value to your employer.
2) Networking: you need to know people and get connected. Networking with others
within and outside the organization is essential.
3) Entrepreneurship: you must act as if you are running your own business, spotting
ideas and opportunities and pursuing them.
4) technology: you have to embrace technology. You have to stay up to date and fully
utilize all that is available
5) Marketing: you need to communicate you successes and progress-both yours
personally and those of your work team.
6) Renewal: You need to learn and change continuously, always improving yourself for
the future.
Social networking tools - answertools such as LinkedIn, Facebook, and WeChat that
connect users with similar interests have become the great equalizer. They make the
process of connecting much easier and more democratic than ever before.
Organization - answeris a collection of people working together to achieve a common
purpose.
they provide useful goods and or services that return value to society and statisfy
customers needs
Oganizations are open systems - answerAll organizations are open systems that
interact with their environments. They do so in a continual process of obtaining
resources inputs-people information, resources, and capital- and transforming them into
outputs in the form of finished good and services for customers.
