Lectures Flashcards
What are the top skills sought when hiring a Business Analytics Professional?
- Strong Communication
- Curiosity (Inquisitiveness)
- Problem Solving (Results Orientation)
- Analytical Person
- Visual Thinker
- Both Detail-Oriented and Big-Picture Thinker
- Computer Languages
- SQL and Databases
- Microsoft Excel
- Documents and Presentation
What are the gateway skills for Business Analytics / Data Science?
ANALYTICAL THINKING: Ability to break down complex problems, and analyze data
QUANTITATIVE ANALYSIS: Proficiency in statistical analysis and mathematics
DATA MANAGEMENT: Understanding of data structures, databases, and data cleaning
TECHNOLOGY PROFICIENCY: Familiarity with Excel, SQL, Tableau, PowerBI, Python, R
What are differentiating skills for Business Analytics / Data Science?
COMMUNICATION SKILLS:
- Working COLLABORATIVELY in diverse teams, to build and translate complex data into action
- Being able to INFLUENCE, LISTEN, DRIVE RESULTS
- Strong INTERPERSONAL capabilities and EQ
DOMAIN KNOWLEDGE: Understanding the specific industry or business domain
PROBLEM-SOLVING and CREATIVITY:
- Thinking critically
- Approaching from different angles
- Proposing innovative solutions
CONTINUOUS LEARNING: Keeping up with evolving tools, techniques, and industry trends, to stay relevant and to bring fresh perspectives
What is the importance of having friendships?
- Reduced stress
- Resilience and growth
- Enhanced personal development
- Increased life satisfaction
- Improved job/internship potential
What “intrudes” the communication process?
FILTERS impact perceptions, eg. language, culture, accents, context.
As well, there is NOISE (internal/external/physiological).
These occur during message delivery.
What are the steps in the communication process?
- Communicator/Sender, who comes from a particular culture/background, has distinct personal experience, and individual motives
- Message Delivery, through a channel, leading to response/feedback
- Audience/Receiver, each with their particular cultures/backgrounds, personal experiences, and motives
What is cognitive capacity? How does it affect communication?
- The brain is like a computer, it processes a cognitive load, and has a cognitive capacity
- The brain is very poor at multi-tasking
- In fact, it is actually switching
How does the level of shyness/outgoingness affect how comfortable one is with networking?
- Shyness is the tendency to feel awkward, worried, or tense during social encounters, especially with unfamiliar people
- People may have physical symptoms, worries about how others view them, and a tendency to withdraw from social interactions
- Most people feel shy, at least occasionally
- Leads to fear of negative evaluation, and a resulting tendency toward avoidance
- This is an inborn trait that one can alter
- Parental response can either exacerbate or buffer
- Barriers can be overcome, through encouragement and development of skill through experience
How does the level of introversion/extroversion affect how comfortable one is with networking?
This determines where you get your energy.
- Introverts become more easily overstimulated, and need time along to regain energy after spending time with people
- Extroverts have a need for stimulation, they recharge by spending time with others, and may feel depleted after spending too much time alone
Is extroversion/introversion a binary variable?
E/I is often seen as a kind of continuum, with “ambiverts” falling somewhere in the middle of this continuum.
According to Amy Cuddy, what are the two trait dimensions from which we form impressions of others? Which comes first?
- Degree of WARMTH (trustworthiness)
- Degree of COMPETENCY (respect)
Warmth/Trustworthiness is the most important factor in how others evaluate you, while competence is only assessed after trust is established.
How should you answer the “Tell me about yourself” question?
- Smile/Warmth First
- Share Name
- Frame/Position: “I am a Business Analytics Professional with… [add background]”
- Share your Passion/Interest in BA? Share your Why.
What statistics support the statement that networking is an opportunity?
- According to HubSpot, 85% of US jobs are filled through networking
- According to LinkedIn, 70% of professionals hired had a connection at their company
- According to CNBC, 70% of jobs are never published publicly
How are strong networks built?
On MUTUALLY BENEFICIAL RELATIONSHIPS where both parties benefit.
95% is just showing up!
As you get to know someone, you understand where your value lies, and they become willing to help you.
What is “real” networking?
Networking is about learning, growing, curiosity, and building connections and friendships.
Networking is interesting, fun, and how you learn!
Connect, Collaborate, Create!
How does real productivity come about?
- Comes from prioritization
- A woodcutter was once asked, “What would you do if you had just five minutes to chop down a tree?
- He answered: “I would spend the first two and a half minutes sharpening my axe
- A woodcutter was once asked, “What would you do if you had just five minutes to chop down a tree?
- It is in the right tasks
- Productivity is NOT just about the efficiency of completing the tasks, nor how many tasks are done, nor how quickly tasks are done
- It is about getting the right tasks done, the important things done consistently ⇒ This creates long-term value
- It is about working smarter (not harder)
How does self-concept affect growth?
- Deeper growth requires a change in self-concept, and such growth in self-concept is at the heart of a real manager/leader development effort
- Growing leaders change because:
- They want to
- They have to, in response to new insights and understandings gained
What are the three steps to achieving growth?
- Self Examination
- Self Expectation
- Self Direction
According to Monster 2022/2023 Global Report, what are the Top Factors That Make Candidates Stand Out?
- Interview Presence
- Internship / Relevant Work Experience
- Skills Match
- Any Prior Work Experience
- Culture Fit
- Experience with Tech / Platforms
- Leadership Experience
- College / University Degree
- Social Media Presence
- Volunteer Experience
- Willingness to Take Lower Pay
- GPA / Grades
What are the four zones leading to growth?
- Comfort Zone: Feeling safe and in control
- Fear Zone:
- Finding excuses
- Lacking self-confidence
- Being affected by others’ opinions - Learning Zone:
- Dealing with problems and challenges
- Acquiring new skills
- Extending your comfort zone - Growth Zone:
- Finding purpose
- Living dreams
- Setting new goals
- Conquering objectives
What are the four fundamental leader competencies?
- Self-awareness
- Learning Agility
- Influence
- Communication
What is self-awareness?
Understanding your strengths and weaknesses
Why is self-awareness critical?
It is critical for ongoing and long-term effectiveness as a leader
What are the four facets of self-awareness, as a leader?
Leadership WISDOM: Insights from your experiences that you can apply to the challenges you face
Leadership IDENTITY: This is who you are, in your current professional and personal context
Leadership REPUTATION: This is how others perceive you as a leader, based on your current and previous behavior
Leadership BRAND: This is what you aspire to, and the actions you take to support that mission
What is Prochaska’s Transtheoretical Model?
- Based on a stage-based, temporal construct called the stages of change, and a group of behavioral change mechanisms called the processes of change
- Dominant model in the field
- Regarded as the most important theoretical development in the health promotion field of the decade
- The application of the stages of change approach to health promotion program is regarded as the most important innovation
- States that you progress or relapse through the following stages:
- PRE-CONTEMPLATION:
- Unaware/underaware of problems
- Ignorance is bliss
- Little/no consideration of change - CONTEMPLATION:
- Recognize/awareness that a problem exists and is important
- Seriously thinking about overcoming the problem
- Involves assessment, recognition, analysis of individual strengths and weaknesses - PREPARATION
- High awareness, willingness to try things
- Often includes creating a specific, actionable, and measurable action plan - ACTION
Modify behavior, experiences, or environment in order to overcome problems - MAINTENANCE
Working to maintain new skills, consolidate the gains attained during the action stage
How do you develop a target skill?
- Awareness
- Motivation
- Technique
- Opportunity
- Support
NOTE: You should try to immediate use/teach others the skill, and practice by doing. This will elevate teh average retention rate.
What is the compound effect?
- Path to Failure:
- No action: No work with little consequence
- Leads to consequence and disappointment
- Path to Success:
- Initial actions: Work with little rewards
- Leads to reward, achievement
What is a team?
- Deliberate means of organizing work to accomplish a goal
- A highly communicative and interdependent group of individuals working together to acheive clearly defined goals, with:
- Shared sense of purpose
- Complementary interests, knowledge, and skills
- A highly communicative and interdependent group of individuals working together to acheive clearly defined goals, with:
What are the stages of team development?
Forming ⇒ Storming ⇒ Norming ⇒ Performing
How do relationships change during the stages of team development?
Dependency ⇒ Conflict ⇒ Cohesion ⇒ Interdependence
How do tasks change during the stages of team development?
Orientation ⇒ Organization ⇒ Data Flow ⇒ Problem Solving
According to EY, what are the key attributes of high-performing teams?
- Clear, achievable goals (44%)
- Shared commitment (40.9%)
- Clarity of roles and responsibilities (39.1%)
Is psychological safety the same as a safe space?
“Psychological safety is not the same as a safe space. It is not the same as a trigger-free space. It is not a space where you will always feel comfortable and not have your views challenged. It is almost the opposite.”
Is psychological safety a brave space?
Yes. It is an environment in which people do not feel they have to hold back with a concern or question for fear of recrimination or humiliation.
What is psychological safety?
It describes a team climate characterized by interpersonal trust and mutual respect, in which people are comfortable being themselves
What are the two traits shared by the most successful teams?
- Cognitive diversity
- Psychological safety
- Shared positive behaviors and emotions (GENERATIVE behaviors)
What behaviors assist in creating successful teams? What deters?
- We need to be more curious, inquiring, experimental, and nurturing.
- We need to stop being hierarchical, directive, controlling, and conforming.
- It is not just the presence of positive behaviors in the Generative quadrant that count, it is the absence of negative behaviors