Final Flashcards
Mission
SBU level; an internal view
Vision
Company wide; top-down; Focus on the marketplace; mission and vision face the marketplace
Creativity
Generate new and original ideas (The “R” in R&D), that are actionable (The “D” in R&D); Focuses on productivity, new products, and new structures. Needs expertise, motivation, and creative thinking skills and abilities
“Innovation is doing things better while creativity is doing better things.”
Innovation
Applying new ideas to the organization. Includes: 1. Invent 2. Develop 3. Diffuse 4. Integrate 5. Monitor "Innovation is doing things better while creativity is doing better things."
Leadership
Leaders take strategy into vision.
A process inspiring others to work hard to accomplish a goal
General Theories of Leadership
- Characteristic or trait theory
- Behavioral or psychological theory
- Situational and contingency theory
- Functional Leadership theory
Leadership Integrity Line
Where leaders should be: Honest, Consistent, Humble, Selfless
Where leaders shouldn’t be: Dishonest, Inconsistent, Conceited, Selfish
Styles of Leadership
- Autocratic
- Human Relations
- Laissez-faire
- Democratic