Test 1 Flashcards
Major Trends: Ethical challenges:
Sarbanes & Oxley Act -> short term fix. Long term fix would be to change the culture from the top down.
Major Trends: Lack of employee engagement:
is a concept that is generally viewed as managing discretionary effort, that is, when employees have choices, they will act in a way that furthers their organization’s interests.” “According to statistics that Gallup has drawn from 300,000 companies in its database, 70% of employees are either “disengaged” or “actively disengaged,” costing an estimated $450 to $550 billion annually. In their global study of engagement, Gallup analyzed findings from nearly 50,000 business units across 49 industries and 34 countries and found that overall, engagement was related to higher customer ratings, profits, productivity, lower turnover, higher safety, less theft, and higher quality work.”)
Major Trands: Rapid technology changes:
Computing power doubles every two years. Connected through technology - emails and text messages. Intel is exploring “no-email Fridays” to manage the number of emails sent within the organization.
Flattening world
The Internet has flattened the world and leveled the playing field in terms of access to information. This leads to mass collaboration which changes business practices dramatically. Challenge - you have to evaluate the information that you receive. Although, what is more important is that you have the right information at the right time.
Triple Bottom Line Concept:
Economically —-Profits
Socially ———–People
Environmentally -Planet
“greenwashing”
marketing products as green when they really aren’t sustainable business processes
Demographic changes
Aging workforce and millennials
Outsourcing/Shamrock Companies
are the future (⅓ regular employees, ⅓ temporary employee, ⅓ consultants and contractors). “The challenge for organizational behavior is managing teams consisting of different nationalities separated not only by culture and language but also in time and space.”
Diversity The Business Case (Benefits)
Having a diverse workforce and managing it effectively have the potential to bring about a number of benefits to organizations, including:
Higher creativity in decision making - Different opinions and perspectives
Better understanding and service of customers - appeal to a broader customer base
More satisfied workforce
Higher stock prices
Lower litigation expenses - lack of diversity leads to lawsuits which can be costly
Higher company performance
Deep-Level & Surface-Level
we tend to assume that we can tell what a person’s deep-level diversity is by looking at their surface-level diversity
Deep-level
Values
Attitudes
Beliefs
Surface-level
Gender
Race
Age
Physical disabilities
Gender Diversity Challenges (4)
- Equal pay based on gen. The Equal Pay Act - 1963
- Discrimination in hiring processes based on gender - Title VII of the Civil Rights
- Earnings gap between genders
- Glass ceiling - women not as prevalent as men in upper management positions
ADEA
Age Discrimination in Employment Act (1967): outlaws discrimination based on age, gender, race, national origin, or religion »_space;»>40
ADA
Americans with Disabilities Act (1990): prohibits discrimination of otherwise capable employees based on physical or mental disabilities
Handling Illegal Interview Questions
1, Refuse to answer
2, Answer briefly
3, Answer the intent
4, Walk away
Hofstede’s 4 Cultural Dimensions
Power distance (moderate)
Uncertainty Avoidance: (low)
Masculinity / femininity: (moderate)
Individualism / collectivism: (Highest)
Protected classes
(1) Age
(a) Protected after age 40
(2) Sex
(3) Religion
(3. 5) DO YOU EVEN LIFT BRO? NO
(4) Race
(5) Color
(6) National Origin
(7) Disability
(8) Veteran
(9) Pregnancy
(10) Sexual Orientation?(No current federal protection)
(11) Gender Identity?(No current federal protection)
*5-Stage Model - teams
Forming - the group comes together for the first time
Storming - focus less on keeping their guard up and become more authentic and argumentative
Norming - find it easy to establish guidelines (norms) and they define procedures and goals
Performing - get the work done and pay greater attention to how they’re doing the work
Transforming - (from Wikipedia: “In 1977, Tuckman, jointly with Mary Ann Jensen, added a fifth stage to the 4 stages: adjourning,[1] that involves completing the task and breaking up the team (in some texts referred to as Mourning)”
TASK ROLES
Contractor (organizer)
Creator (changes in team’s task process structure)
Contributor (information and experience)
Completer (transforms ideas into actions)
Critic (Devil’s advocate)
Social roles
Cooperator (supporting role)
Communicator (helps team feel more open to sharing ideas)
Calibrator (keeping the team on track by suggesting changes to teams processes)
Boundary-spanning roles
Consul (gathering information and communicating it to the larger organization)
Coordinator (Coordinates with other teams/individuals)
Michael’s Management Tips (p. 16)
Don’t treat everyone the same
If you have to fire, fire fast
Pick the right people
Trust them
Don’t over-promote people - just pay them well for what they do
Never pass the buck
Make very few promises to your people, and keep them all
12 questions:
Do I know what is expected of me at work?
Do I have the materials and equipment I need to do my work right?
Key points 12 questions:
key to sustaining a competitive advantage
No questions about pay/benefits - all about retention, retention, retention
First survey to strongly link employee opinion to performance
Manager is a critical player in building a good workplace (the key)
Most consistent links were to productivity measure (direct link between opinion and productivity)
10 Q’s linked to productivity, 8 Q’s linked to profitability, 5 Q’s linked to retention
People leave managers, not companies
Turnover is a manager problem
Between low 25% and high 25% score on 12Q survey is $104 million difference
Mountain sickness = employees need base camp (what do i get Q1, Q2) camp one (what do i give Q3-Q6), camp two (do i belong here Q7-Q10), camp three (how can we all grow Q11, Q12)
Managers should focus on base camp and camp one > if employees lower level needs are not met, everything else is irrelevant
Mountain sickness
take care of your employees basic needs first, then climb the mountain