0116 Flashcards

0
Q

Understanding how to make trade-offs and explain the rationale for those decisions.

A

When to focus on the details, and when to focus on the big picture, and how the two relate.

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1
Q

Becomes secondary.

A

Leading a single function to overseeing a full set of business functions.

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2
Q

The report is a fascinating read

A

whether deliberate or inadvertent

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3
Q

matrix-based management and dual-reporting systems, which means that employees might be responsible to and receive assignments from at least two managers.

A

As a tactical response.

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4
Q

And I’ll keep pushing for progress on the work that still needs doing.

A

No better time than the present.

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5
Q

Productive companies only outsource those functions that have become commoditized and refuse

A

to outsource anything that might potentially offer them a competitive advantage.

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6
Q

The word listen contains the same letters as the word silent.

A

Each company saves the on-site interview for the last step—after assessments and phone calls have been completed.

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7
Q

balance out the situation by becoming the opposite.

A

Never lie to someone who trusts you, and never trust someone who lies to you.

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8
Q

Spending too much time with others can be a little draining,

A

it leads to the possibility of building up to more meaningful

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9
Q

it would be fine either way. Some days you’d prefer one over the other,

A

but for the most part you don’t have a strong preference.

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10
Q

Self-inflicted

A

have deep knowledge of how the pieces of the organization fit together to create value and deliver results.

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11
Q

Culture is made up of many habits. Many of which we don’t think about, or think are unimportant.

A

We use history in our favor

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12
Q

would do the right thing for the business

A

how to read and understand each line of every critical financial report.

how the numbers were all interrelated—and, most important, what each employee could do to improve the numbers

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13
Q

You might not believe that at first, but after a bit of reflection it will hit you that

A

Everyone has to age, but not everyone has to get old.

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14
Q

Is a way of life

A

“became progressively better after that.”

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15
Q

We were trapped into going forward.”

A

That’s extreme.

16
Q

there are obviously some fundamentals necessary to have in place

A

Any business, no matter how big or small, will have to change along with the times. Those who don’t are denying themselves an opportunity to impress their customers and achieve long-term greatness.

17
Q

Pretty much the same

A

Remarkably similar