Key definitions Flashcards
(19 cards)
Define human capital
The sum of knowledge, skills and experience and other relevant workforce attributes that reside in an organisation’s workforce and drive productivity, performance and the achievement of strategic goals
Define talent management
The systematic attraction, identification, development, engagement, retention and deployment of those individuals with high potential who are of particular value to an organisation
Overall (and best) definition of board dynamics
The interactions between board members individually and collectively, and how these influence, and are influenced by, their wider stakeholder system
Define board demographics
The basic facts and information about individual directors, being the more visible, public and often formal artefacts of effective directorship that pertain to an individual director’s past and current qualifications and performance
ie.
What a director looks like ‘on paper’
Define board attributes
The behavioural aspects of the directors, which have not historically garnered much attention, but are increasingly seen as being vitally important, in particular the behavioural competencies, psychological commitments and ethical character
Definition of emotional intelligence
The ability to identify and manage one’s own emotions, as well as the emotions of others
Define board dynamics in reference to boardroom dynamics
How internal boardroom dynamics influence and are influenced by their wider stakeholder system external to the board
Definition of group
Two or more people who interact with one another, share similar characteristics, and collectively have a sense of unity
Definition of team
A small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable
Define high performing team
A team that possesses unique and expert-level knowledge, skills and experience related to task performance… and adapts, coordinates and cooperates as a team, thereby producing… superior or at least near optimal levels of performance
Define cohesion
The tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members
Define evidence-based practice
The conscientious, explicit and judicious use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome
Simple definition of culture
The way we do things around here
Schein’s definition of culture
A pattern of shared basic assumptions that was learned by a group as it solved problems of external adaptation and internal integration, has worked well enough to be considered valid and, therefore, to be taught to new members as the correct way to perceive, think and feel in relation to those problems
Define invisible leadership
Leadership associated with emotional and moral intelligence and defined by the use of ‘smart power’, ultimately used to support decision-making within the boardroom
Define smart power
The power to get others to have the desires you want them to have
*effectively just means influencing people
Define ethnocentrism
The act of judging another culture based on preconceptions that are found in values and standards in one’s own culture
Define ethnorelativism
Perceiving other cultures as separate and valid alternatives that are no better and no worse than one’s own
Define resilience (long and short)
The process of adapting well in the face of adversity, trauma, tragedy, threats or significant sources of stress.
Bouncing back from difficult experiences.
