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Management Consultant > Resourcefulness > Flashcards

Resourcefulness Flashcards

1
Q

Which Dictionary:

The ability to make decisions and act on your own

A

Chambers Dictionary

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2
Q

Which Dictionary:

The ability to find new ways to do things and solve problems

A

Oxford Dictionary

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3
Q

Which Dictionary:

The ability to deal skilfully and promptly with new situations, difficulties, etc

A

Dictionary.com

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4
Q

Resourcefulness Strategies

A

Self-sufficiency
Partner and Collaborate
Outsourcing
Website-based resources
Government Assistance
Knowledge Enhancement and Management

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5
Q

Resourcefulness Strategies:

Achieved through self-study, enrolment in training courses and subscriptions to online services such as Skillsfuture and GeBiz

A

Self-sufficiency

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6
Q

Resourcefulness Strategies:

Building a private roster of independent subject matter experts to collaborate in areas of competency gaps to provide clients with a win-win solution

A

Partner and Collaborate

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7
Q

Resourcefulness Strategies:

Engaging a vendor, supplier or consultant to provide the products and services as a separate piece of work

A

Outsourcing

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8
Q

Resourcefulness Strategies:

Various websites provide services online, such as surveymonkey.com, www.bpir.com, www.ssg-wsg,gov.sg, etc

A

Website-based resources

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9
Q

Resourcefulness Strategies:

Many funding and advisory services are available for SMEs, including www.enterprisesg.gov.sg, crowdfunding, venture capitalist, etc

A

Government Assistance

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10
Q

Resourcefulness Strategies:

Developing an infrastructure to capture knowledge to move from managing tacit to explicit knowledge

A

Knowledge Enchancement and Management

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11
Q

Type of Resources for marshalling and evaluating

A

Manpower
Machines
Material
Methods
Money
Information
Logistics
Environment

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12
Q

Type of Resources for marshalling and evaluating:

The availability and sufficiency of skills

A

Manpower

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13
Q

Type of Resources for marshalling and evaluating:

The capacity and capability of current machines and equipment

A

Machines

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14
Q

Type of Resources for marshalling and evaluating:

The ability to know what to do, how to do it and when to do it

A

Methods

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14
Q

Type of Resources for marshalling and evaluating:

The material sufficiency and product stability

A

Material

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15
Q

Type of Resources for marshalling and evaluating:

The budget requirements, funding availability, and funding sources

A

Money

16
Q

Type of Resources for marshalling and evaluating:

The data and information sources and availability to enable decision-making

A

Logistics

17
Q

Type of Resources for marshalling and evaluating:

A conducive environment for effective implementation

A

Environment

18
Q

Tips to Develop Qualities for Resourcefulness

A

Think like an entrepreneur
Develop your skills
Participate in activities
Stay open-minded

Management Consultant (6 decks)

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