Impacting Organizational Capability Flashcards
Domain 3
What is the difference between a Vision statement and a Mission statement
Vision focuses on future goals. Mission states a purpose and a direction
What is a Value statement?
Value statements focus on the value that TD will bring to the organisation
What is the difference between a strategic goal, an objective, and an action plan
A strategic goal targets a broad accompliment. Objectives are tasks that outline how to accomplish stratigic goals. Action plans include logistics such as timeline, resources, and success metrics.
What are the 4 steps of Budget Management
Analysis and Research; Planning; Budget Review; Budget Management
What is the difference between a partnership and consulting
Partnership is an ongoing role. Consulting will have a defined start and end date with an agreed process or goal.
What kind of business relationship is described by continuous engagement?
Partnership.
What kind of business relationship is described as short term problem solving to facilitate change?
Consulting
What ideology did Edgar Schein introduce to consulting theory?
Consultants should focus on adapting a solution to fit the goals of the organisation rather than delivering a standardized approach
What was W. Edwards Deming’s popular 4 part model for continuous improvement?
PDCA - Plan, Do, Check , Act
What is the difference between the consultant roles of the Facilitator and the Other Pair of Hands
A Facilitator takes a neutral position with the main goal of drawing out solutions from the group. The Other Pair of Hands actively contrubutes to a solution where the client takes charge of the outcome.
What is the difference between the consultant roles of the Expert and the Process Consultant.
The Expert is an authority who provides direction and advice whereas the Process Consultant analyzes business activites, engaging longer and more in depth than other roles.
What are 5 ways to gain credibility?
Be proactive, focus on organizational success, apply business acumen, participate & communicate, deliver value
In the Consulting Process, what is the “Assessing the Need” phase also called?
The Contracting Phase
Besides developing a relationship with the client, what should be established in the Assessing the Need Phase
Expedctations, goals, deliverables, and outcomes
What are the 5 steps to the Consulting Process
Assessing the need, Understanding the Issue, Present Findings and Interpretations, Develop and Implement a solution, complete the project and evaluate the results.
What are some advantages to surveys?
Inexpensive, easy to tally, easy to participate, both qualitative and quantitative
What are some disadvantages to surveys?
Constructing questions and measurements must be done carefully, wording up to interpretation, low response, limited free expression
What are some advantages to Interviews
Rich detail, ability to probe, can be virtual or in-person, closely followed interview guides provide consistent data
What are some disadvantages to Interviews?
Time consuming, resource intensive, careful sample selection, interviewer must stay neutral
What are some advantages to Focus Groups?
Collect non-verbal data, multiple individuals at once, more ideas generated
What are some disadvantages to Focus Groups?
Time and resource intensive, more verbal members may dominate or influence data
What are some advantages to Observations
Creates step-by-step output, job conditions provide context, realistic picture of tasks
What are some disadvantages to Observations?
Hawthorne Effect (being observed alters behavior), difficult to separate sections, only captures behaviour and not reasoning
What are some advantages to self-assessment?
Access to candid data, foundational information