D1 Chia Study Guide Resources Flashcards
(158 cards)
1
Q
What is the primary focus of leadership?
A
Creating positive, non-incremental change through meticulous planning, vision, and strategy.
Leadership promotes creativity and innovation.
2
Q
What are the four important functions of management?
A
- Planning
- Organizing
- Leading
- Controlling
Managers are responsible for carrying out these functions.
3
Q
How do leaders and managers differ in their approach to vision?
A
Leaders are visionaries who set pathways for growth, while managers focus on implementing processes to achieve organizational goals.
Leaders involve the team in envisioning the future.
4
Q
What type of questions do leaders typically ask?
A
What and why.
Leaders challenge the status quo and learn from failures.
5
Q
What type of questions do managers typically ask?
A
How and when.
Managers focus on ensuring plans are executed correctly.
6
Q
True or False: All managers are leaders.
A
False.
Not all managers possess leadership qualities.
7
Q
What is a key difference between a manager’s role and a leader’s role?
A
A manager’s role is often defined by job titles and responsibilities, while a leader’s role emerges from their actions and influence.
Leadership is not tied to a formal position.
8
Q
What are some similarities between leadership and management?
A
- Establishing objectives
- Developing strategies
- Collaboration with others
- Effective communication
- Decision-making
Both roles require accountability and problem-solving skills.
9
Q
What are the traits of an effective manager?
A
- Ability to execute a vision
- Ability to direct
- Process management
- People focused
Managers must cater to the needs of their team.
10
Q
What are the traits of an effective leader?
A
- Vision
- Honesty and integrity
- Inspiration
- Communication skills
- Ability to challenge the status quo
Leaders inspire and engage their teams.
11
Q
Fill in the blank: Leadership is about _______ while management is about _______.
A
influence and motivation; control and process.
Leadership drives creativity while management focuses on efficiency.
12
Q
What methods can be used to measure effective leadership?
A
- Employee engagement
- Turnover rates
- Performance metrics
Regular performance reviews and 360-degree assessments can also be useful.
13
Q
What methods can be used to measure effective management?
A
- Employee satisfaction
- Productivity
- Financial performance
Key performance indicators (KPIs) are also helpful.
14
Q
What is a common misconception about management and leadership?
A
That they are synonymous and interchangeable.
While both are important, they have distinct roles and functions.
15
Q
True or False: Leadership can occur without a formal management position.
A
True.
Leaders can emerge based on their influence and actions.
16
Q
What is the primary responsibility of a manager?
A
To ensure that day-to-day operations are performed as expected.
Managers are focused on meeting organizational goals.
17
Q
What is the primary role of a leader?
A
To inspire and help their team understand their roles in a bigger context.
18
Q
What is a key communication skill of leaders?
A
Keeping their team informed about current and future happenings, including obstacles.
19
Q
How do leaders challenge the status quo?
A
By having their own style of doing things and problem-solving, thinking outside the box.
20
Q
What distinguishes a leader from a manager regarding innovation?
A
A leader invents or innovates while a manager organizes.
21
Q
What is the focus of a manager compared to a leader?
A
A manager maintains the established order, while a leader develops new techniques and strategies.
22
Q
What does Alan Murray define as a manager’s responsibilities?
A
Establishing targets, analyzing performance, and understanding team dynamics.
23
Q
How does the reliance on control differ between leaders and managers?
A
A leader inspires trust, while a manager relies on control over employees.
24
Q
What types of questions do leaders typically ask?
A
Leaders ask ‘What’ and ‘Why’, while managers focus on ‘How’ and ‘When’.
25
What is the significance of emotional intelligence in leadership?
It helps shape leadership skills and influence others.
26
What are the three tests to assess leadership versus management?
Counting Value vs. Creating Value, Circles of Influence vs. Circles of Power, Leading People vs. Managing People.
27
What is the difference between counting value and creating value?
Managers count value, while leaders create value that exceeds team contributions.
28
What defines the circles of influence and power?
Managers have a circle of power; leaders cultivate a circle of influence.
29
What is the primary difference between leading and managing people?
Leading motivates and influences, whereas managing controls and directs.
30
What are the key differences between leadership and management?
* Leaders create a vision, managers create goals.
* Leaders are change agents, managers maintain status.
* Leaders are unique, managers are influenced.
* Leaders take risks, managers evaluate risk.
* It takes time to become a leader, easier to become a manager.
* Leaders create relationships, managers create systems.
31
Which comes first, leadership or management?
Leadership comes first as it drives the organization with vision.
32
What is the average salary for a Business Analysis profile by 2028?
$85K.
33
What is the duration of the Post Graduate Program in Business Analysis?
6 months.
34
Fill in the blank: Leadership focuses on _______ employees.
motivating.
35
True or False: Managers are primarily focused on inspiring employees.
False.
36
What is the main goal of a manager?
To accomplish specific goals by controlling a group.
37
What does effective leadership require?
Good judgment and the ability to stand up for the team's best interests.
38
What is the relationship between leadership and management in a successful business?
Both are important; leadership ensures values and ethics, while management structures teams to achieve targets.
39
What is Leadership?
Setting a direction, creating a vision, and inspiring others to follow towards achieving common goals.
40
What is Followership?
Collaborating with and supporting the leader, understanding and buying into the vision, and contributing effectively towards the objectives.
41
What is a key difference in initiating action between Leadership and Followership?
Leadership initiates action; Followership aligns with and supports the leader's vision.
42
Who is typically responsible for the overall success or failure of a team?
Leaders.
43
What type of authority do leaders have compared to followers?
Leaders usually have more decision-making power and authority.
44
True or False: Followers have more decision-making power than leaders.
False.
45
What is a key similarity between Leadership and Followership?
Both are goal-oriented and work towards common objectives.
46
List some pros of Leadership over Followership.
* Influence on decision making
* Opportunity for visionary impact
* Personal development
* Greater autonomy
* Recognition and reward
* Ability to develop others
47
What is a con of Leadership compared to Followership?
Increased responsibility and pressure.
48
What are some advantages of Followership over Leadership?
* Less pressure and responsibility
* Focus on individual skills
* More flexible hours
* Less exposure to conflict
* Greater team camaraderie
* Opportunity for learning and growth
49
What is a significant disadvantage of Followership compared to Leadership?
Limited decision-making power.
50
When is Leadership particularly beneficial?
* When a new direction is needed
* During a crisis
* Setting up a new team or project
* When high-level strategic decisions are required
* When accountability is required
* When team morale is low
51
In what situations is Followership more advantageous than Leadership?
* When new to a team or organization
* When expertise is needed
* In highly collaborative environments
* When current leadership is strong
* During periods of stability
* When preferring a supportive role
52
Fill in the blank: Leadership and followership are two sides of the _______.
[same coin]
53
What is a key ethical responsibility shared by both leaders and followers?
To act with integrity and contribute positively to the organization’s culture and success.
54
What is one of the most rewarding aspects of leadership?
The opportunity to guide and develop others.
55
What can increase the stress and pressure on leaders?
The responsibility for the success or failure of their teams.
56
True or False: Followers have a greater control over their tasks compared to leaders.
False.
57
What does effective followership allow individuals to do?
Hone in on specific skills and strengths.
58
What can happen to leaders due to their position of authority?
They can feel isolated.
59
What is Ethical Leadership?
Ethical Leadership is when business leaders demonstrate appropriate conduct - in accordance with recognized principles and values - both inside and outside of the office.
60
What are some benefits of Ethical Leadership?
* Improved brand image
* Improved staff morale
* Positive workplace culture
* Customer loyalty
* Staff loyalty
* Improved recruitment
* Attracting investment
61
What does the acronym FATHER stand for in ethical leadership principles?
* Fairness
* Accountability
* Trust
* Honesty
* Equality
* Respect
62
True or False: Ethical leaders do not need to take accountability for their mistakes.
False
63
What is a key trait of ethical leaders regarding communication?
Open communication
64
Fill in the blank: Ethical leaders have a ________ tolerance of ethical violations.
zero
65
What is one way ethical leaders can develop their skills?
Deal with ethical dilemmas in a timely manner
66
What is a characteristic of ethical leaders in terms of mediation?
Fair mediation
67
What does ethical leadership help prevent in the long term?
Company scandals, ethical dilemmas, and ethical issues
68
What is the impact of ethical leadership on staff retention?
It can lead to developing loyal employees
69
What is one example of a company that has demonstrated ethical leadership?
Dick’s Sporting Goods
70
What did Procter & Gamble's campaign 'We See Equal' aim to address?
Gender bias in hiring practices
71
What is a significant action taken by Patagonia regarding environmental issues?
Donating 1% of sales or 10% of profit to environmental groups
72
True or False: Ethical leadership is only about making profits.
False
73
What is the importance of respect in ethical leadership?
It fosters an attitude that looks at issues with the same level of respect around the team.
74
What should employers provide to successfully implement policy changes in ethics?
Educational opportunities for all employees
75
Fill in the blank: Ethical Leadership is about promoting and being an example of appropriate, ________ conduct.
ethical
76
What is a common practice for dealing with ethical issues in the workplace?
Clarification of facts from all sides
77
What is one of the first steps when addressing ethical issues?
Gather the facts from all sides
78
How can ethical leaders adapt to change?
By finding common solutions that benefit team members
79
What is a consequence of ethical leadership on brand image?
It can dramatically improve brand image to onlookers.
80
What does ethical leadership create among employees?
A positive image around the business and its people
81
What is becoming increasingly apparent about the future of business?
The future of business will involve leadership that is more ethical and strives to deliver results in a more holistic way.
## Footnote
This shift includes a focus on accountability and facilitating meaningful change.
82
What is ethical leadership about?
Being accountable for actions and facilitating change that matters.
## Footnote
Ethical leadership also includes achieving added benefits, including financial ones.
83
What distinguishes an acceptable leader from an exceptional leader?
Emotional intelligence.
## Footnote
Exceptional leaders are often emotionally intelligent, self-aware, and adaptable.
84
What does Thomas' Emotional Intelligence assessment (TEIQue) explore?
Levels of emotional intelligence among leaders.
## Footnote
It helps create an environment of understanding that boosts self-awareness and can be used for recruiting and developing leaders.
85
What are the top traits of a great leader?
The document suggests downloading a whitepaper to learn about the top 6 traits.
## Footnote
Specific traits are not listed in the provided content.
86
What can Thomas International help businesses with?
Work towards ethical leadership, make smarter recruitment and development decisions, and predict candidate success.
## Footnote
This includes optimizing team interaction and integrating various solutions.
87
What is a leadership style?
A leadership style refers to a leader’s methods, characteristics, and behaviors when directing, motivating, and managing their teams.
88
What are the six most common leadership styles?
* Transformational Leadership
* Delegative Leadership
* Authoritative Leadership
* Transactional Leadership
* Participative Leadership
* Servant Leadership
89
What is transformational leadership?
A leadership style that emphasizes change and transformation, inspiring followers to achieve more than they thought possible.
90
Key characteristics of transformational leadership include:
* A focus on the future
* A focus on change
* A focus on people
91
What is delegative leadership also known as?
Laissez-faire leadership.
92
What does delegative leadership emphasize?
Delegating initiative to team members and allowing them to utilize their creativity and resources.
93
What is authoritative leadership?
A leadership style that emphasizes a 'follow me' approach, where leaders act as mentors.
94
How does transactional leadership operate?
It relies on rewards and punishments and emphasizes structure and efficiency.
95
What is participative leadership also known as?
Democratic leadership.
96
What does participative leadership encourage?
Leaders to listen to employees and involve them in the decision-making process.
97
What is servant leadership?
A leadership style that puts the needs of others first and focuses on creating strong relationships.
98
Key principles of servant leadership include:
* Ethical decision making
* Empowering team members
* Building strong relationships
99
Why is it important for leaders to understand their leadership style?
It helps determine how their style affects those they influence and identifies strengths and areas for development.
100
What is a natural leadership style?
The pre-eminent style that a leader tends to express more often.
101
Fill in the blank: Transformational leaders always look _______.
[ahead]
102
True or False: Delegative leadership is highly intrusive.
False
103
What is a significant risk of delegative leadership?
It can lead to disagreements among team members and confusion about who is in charge.
104
What is a key aspect of authoritative leadership?
Getting to know each team member to provide personalized guidance.
105
What can diminish the effectiveness of transactional leadership?
Employees being aware of how much their effort is worth.
106
How can leaders find their leadership style?
* Being clear about goals
* Experimenting with different approaches
* Being open to feedback
107
Fill in the blank: Participative leadership requires leaders to share _______.
[power/responsibility]
108
True or False: Servant leadership focuses on benefiting a select few.
False
109
What is essential for effective participative leadership in remote teams?
Spontaneous, open, and candid communication.
110
What is leadership?
The ability of individuals to inspire, influence, and guide others toward a common goal or vision that benefits the organization as a whole.
111
What are the essential functions of leadership?
Providing direction, delegating tasks, making decisions, setting goals, and fostering a positive work environment.
112
List the eight main types of leadership.
* Visionary Leadership
* Transactional Leadership
* Charismatic Leadership
* Transformational Leadership
* Autocratic Leadership
* Bureaucratic Leadership
* Democratic Leadership
* Laissez-Faire Leadership
113
What is Visionary Leadership?
Leaders who inspire others to work toward a vision for the future.
114
What are the pros of Visionary Leadership?
* Inspires and motivates others
* Encourages creative thinking and innovation
115
What are the cons of Visionary Leadership?
* Difficulty in communicating grand vision
* Establishing ambitious goals can create pressure
116
What is Transactional Leadership?
Leaders who use social exchanges to influence others to achieve their goals.
117
What are the pros of Transactional Leadership?
* Establishes clear expectations and performance standards
* Uses rewards to motivate team members
118
What are the cons of Transactional Leadership?
* Focus on maintaining existing processes can stifle innovation
* May limit personal growth opportunities for team members
119
What is Charismatic Leadership?
Leaders who inspire and motivate others through enthusiasm and charisma.
120
What are the pros of Charismatic Leadership?
* Inspires and motivates through enthusiasm
* Creates an optimistic work atmosphere
121
What are the cons of Charismatic Leadership?
* Persuasive abilities may be self-serving
* Focus on inspiration may overshadow practical execution
122
What is Transformational Leadership?
Leaders who transform others, nurturing them to achieve greater success.
123
What are the pros of Transformational Leadership?
* Encourages creativity and continuous improvement
* Creates a supportive and empowering work environment
124
What are the cons of Transformational Leadership?
* High expectations can increase pressure on employees
* May overlook individual developmental needs
125
What is Autocratic Leadership?
Leaders who make decisions and give orders without seeking input from others.
126
What are the pros of Autocratic Leadership?
* Enables swift action in crises
* Provides clear direction and instructions
127
What are the cons of Autocratic Leadership?
* Limited involvement can lead to disengagement
* Lack of input may impede fresh ideas
128
What is Bureaucratic Leadership?
Leaders who rely on established rules and procedures.
129
What are the pros of Bureaucratic Leadership?
* Minimizes risks by following protocols
* Promotes efficiency, consistency, and order
130
What are the cons of Bureaucratic Leadership?
* Tends to be inflexible and rigid
* Limits individual autonomy and decision-making
131
What is Democratic Leadership?
Leaders who involve others in the decision-making process.
132
What are the pros of Democratic Leadership?
* Fosters a sense of ownership and commitment
* Increases job satisfaction and motivation
133
What are the cons of Democratic Leadership?
* Can be slower due to consensus-building
* May lead to disagreements among team members
134
What is Laissez-Faire Leadership?
Leaders who provide freedom and autonomy to individuals.
135
What are the pros of Laissez-Faire Leadership?
* Promotes creativity and initiative
* Encourages ownership of work
136
What are the cons of Laissez-Faire Leadership?
* Can lack structure and guidance
* May lead to decreased accountability and productivity
137
What is the first step a leader should take to determine the best leadership style?
Develop a deep understanding of oneself.
138
What should leaders do to align their leadership style with their values?
Define their core values.
139
What is a key strategy for leaders to employ different leadership styles?
Try different leadership styles in various situations.
140
How can leaders gather insights about their leadership style?
Ask for feedback from team members and colleagues.
141
What can leaders learn from other leaders?
Examine admired leaders' styles and their organizational impact.
142
Why is finding a mentor important for leaders?
A mentor provides guidance and insights into leadership.
143
True or False: Transitioning between leadership styles requires assessing individual needs.
True
144
What is the conclusion about understanding different leadership styles?
It can significantly impact personal and organizational growth.
145
Fill in the blank: Continuous learning and development are vital for honing _______.
[leadership skills]
146
Why must leadership strategies evolve in response to the digital age?
To navigate and capitalize on rapid technological advancements and changes in the digital landscape.
## Footnote
Traditional leadership paradigms are less effective in an era where innovation, technological agility, and digital fluency are crucial.
147
What percentage of organizations identified digital transformation as a top priority according to a 2020 Deloitte survey?
92%
## Footnote
This highlights the urgency for organizations to adapt to digital changes.
148
What do most CEOs consider the most significant barrier to organizational growth?
Digital literacy.
## Footnote
This indicates a need for leaders to enhance digital skills within their organizations.
149
What are the five specific outcomes leaders can prioritize to promote digitally-minded initiatives?
* Continuous Learning
* Data and Analytics
* Adaptability and Experimentation
* Customer-facing Innovation
* Effective Communication and Collaboration
## Footnote
These outcomes help organizations thrive in a digital environment.
150
Fill in the blank: A digital mindset means making ______ decisions based on data.
data-driven
## Footnote
This involves collecting research and analyzing data to drive strategic initiatives.
151
What is the significance of adaptability and experimentation in leadership?
It fosters an environment where employees can take risks and learn from mistakes.
## Footnote
This approach encourages innovation rather than viewing failure negatively.
152
True or False: AI is seen solely as a threat to human value in the workplace.
False.
## Footnote
Companies can harness AI for sustainable growth and to enhance organizational success.
153
How can leaders leverage AI technologies for organizational success?
By using AI algorithms to gain insights into operational performance and inform risk management decisions.
## Footnote
This can enhance continuous learning within organizations.
154
What are two major ethical concerns that leaders must navigate in the digital age?
* Data privacy
* Original authorship
## Footnote
These concerns highlight the importance of establishing an ethical framework.
155
What should leaders do to maintain a culture of ethical leadership?
* Establish clear ethical guidelines
* Seek input from diverse perspectives
* Encourage open discussions
* Emphasize accountability
## Footnote
These actions help address ethical concerns as they arise.
156
Fill in the blank: Leaders should prioritize ______ practices to ensure decisions consider their broader impact.
inclusive
## Footnote
This approach helps in making informed decisions that reflect diverse perspectives.
157
What role does effective communication play in a digitally-minded organization?
It enhances information sharing and fosters engagement and transparency among teams.
## Footnote
Seamless communication is vital for organizational success.
158
What is the impact of outdated strategies on organizational success in the digital age?
They are detrimental as digital literacy drives profit margins.
## Footnote
Organizations must be prepared to adopt new technologies and processes.
