more stuff almost done Flashcards

1
Q

Counter-dependence:

A

aversion/resistance to authority: leads to a vicious
cycle of employee distrust → less supportive leader

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2
Q

Overdependence:

A

belief that leader is all-knowing → causes employee to
be less likely to speak up when it is needed

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3
Q

Exchange relationship

A

requires understanding yourself and the other
person, strengths, weaknesses

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4
Q

Active allies:

A

already leading/taking actions to support your position

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5
Q

Passive allies

A

have an interest in
supporting you

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6
Q

Neutral:

A

may not be involved in supporting
your position but could be

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7
Q

Passive opposition:

A

may oppose your
position

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8
Q

○ Active opposition

A

are likely to actively
interfere with your actions

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9
Q

Exploration:

A

new ideas and innovation; search for new opportunities

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10
Q

Exploitation:

A

efficiency and improvement; refine existing knowledge

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11
Q

Perpetual search trap

A

the result of focusing only on exploration

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12
Q

Success trap:

A

the result of focusing only on exploitation

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13
Q

Reality

A

both exploration and exploitation must be simultaneously
prioritized

■ Do not spend too much time searching, do not spend too much
energy trying to improve upon any certain idea

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14
Q

Toys R Us case discussion: what factors contributed to the downfall of
Toys R Us?

A

Toys R us did not adapt to changing to better fit the marketplace and
customer behavior

competition from big-box retailers (Walmart and target), amazon (failed partnership), store experience gone downhill, online experience is inconvenient (bad site design), dent resulting from leveraged buyout, failure to innovate

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15
Q

Active inertia:

A

tendency to follow established patterns of behavior, even
when the competitive environment shifts

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16
Q

Strategic frames:

A

the set of assumptions that determine how
managers view the business → BLINDERS

17
Q

Processes:

A

The way things are done → ROUTINES

18
Q

Relationships:

A

the ties to employees, customers, suppliers,
distributors, and shareholders → SHACKLES

19
Q

Values:

A

the set of shared beliefs that determine corporate culture
→ DOGMAS

20
Q

Cash flow from investment activities:

A

Those related to the
purchase and sale of fixed assets

21
Q

Ways companies can remain competitive

A

Continually scan the environment
Identify hindrances
Bring in outside perspectives
Balance exploring and exploiting

22
Q

S1: directing

A

(D1 : enthusiastic beginner),

23
Q

S2 coaching

A

(D2 : disillusioned/unmotivated beginner),

24
Q

S3: supporting

A

(D3 : capable, but cautious, contributor),

25
Q

S4: delegating

A

(D4 : self-reliant achiever)

26
Q

what was grace in the situational

A

Grace was very eager but lacked knowledge of her work environment – a mix between D1 and D2