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Leadership and Teamwork
Leadership and Teamwork
17
Business
Post-Graduate
10/16/2024

Additional Business Flashcards

 


 

Cards

Term
Fundamental attribution error
Definition
Assume behaviors are due solely to person’s ability & motivation (i.e., no extenuating circumstances)
Term
False consensus effect
Definition
Assume that most others will view situation & draw same conclusions that we do
Term
Halo/horn effect
Definition

Let one exemplary or negative area influence ALL ratings

 

Term
Trade-offs
Definition
cherished principles are in direct conflict with each other
Term
Tensions
Definition
Decisions not involving any compromise of values, but involve cost-benefit analysis
Term
Identity Challenges
Definition

The case for a course of action is clear, but goes against cherished principles. 

 

Term
Anchoring bias
Definition
our first opinion was valid and so we keep building on it
Term
Confirmation bias
Definition
we seek answers that support our conclusion
Term
escalation of commitment
Definition
continuing to put in effort with the assumption that things will change and they'll be able to recoup costs
Term
ambiguous threats
Definition
unclear risks that should be investigated in order to understand prevent a disaster
Term
selective perception
Definition
we have limited resources to dedicate to everything, so we tend to focus on what's in front of us and ignore the big picture
Term
group think
Definition
conforming to the popular decisions instead of asking hard questions out of fear
Term
group polarization
Definition
when a group's decisions are more extreme than the initial views of its members
Term
Informational cascades
Definition
People assume that early supporters of an idea must be right, and therefore don't voice their own disagreement
Term
Reputational cascades
Definition
People go along with the decisions of others to avoid being punished or looking bad.
Term
• Self-awareness – knowing your strengths, weaknesses, drives, values, and impact on others
• Self-regulation – controlling or redirecting disruptive impulses
• Motivation – relishing achievement
• Empathy – understanding other people’s emotional makeup
• Social skill – building rapport with others to move them in desired directions
Definition
Hallmarks of emotional intelligence
Smart Students Memorize Every Single Skill
Term
• Information: Listener vs Reader
○ Dialogue > Intuitive thinker > learns from listening and asking questions
○ Reports > Analytical thinker > Needs to see things written down before discussing
• Conflict: Spontaneous vs. Private
○ Public
○ One-on-one
• Leadership: Delegator vs. High involvement
○ Delegator > Focus on outcomes
○ High Involvement > Focus on tasks
Definition
Describe different ways managers process information, handle conflict, and manage
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