week 3

Question 1

what are capability

Answer 1

knowledge, skills attributes team members possess

Question 2

high capability not equal success but lack of hurts?

Answer 2

team effectivness

Question 3

2 main category capability

Answer 3

1- task: perform work assignments
2- teamwork related: people need to work and collab effectively with one another like communication

Question 4

task capability are team contingent why?

Answer 4

based on team because: easy to ID and specific task related capability requirements if high task consistency

Question 5

what to do if lacking task capability

Answer 5

provide additional training, add or replace memebers

Question 6

cant reduce performance by brining in starwhy

Answer 6

too many dominant people = dysfunctional competition and jostling for status

Question 7

significant gaps in task related capability what happens

Answer 7

doom a team but adding more not = success

Question 8

what helps in performance up when high performing individual moves

Answer 8

support network

Question 9

talent alone doesnt determine ?

Answer 9

team effectivness

Question 10

what influences task related capability

Answer 10

conditions

Question 11

teams cant over come what and can over come?

Answer 11

huge talent gaps, but may overcome abundance of it

Question 12

in team enviroments what capabilities supplement task work capability

Answer 12

team capability: all teams need task and if work togetehr need team

Question 13

Generic and Specific Teamwork Competencies (matrix: task/team)

Answer 13

-task generic, teammate generic: transportable team competencies- useful in any team and ant task
-task specefic, teammate generic: task specefic compentencies–> applicable to performing required task no matter who on team
-task generic, team specefic: team specefic compentencies–> useful for working with this team, regardless of task
-task specefic, team specefic: situation specefic competencies–> applicable to working on specefic task, with specefic team

Question 14

what are transportable team compentencies

Answer 14

o Few generic team competencies that can influence effectiveness in any team setting some can be trained and developed but some not so much like personality traits

Question 15

when are transportable team competencies important

Answer 15

1- people serve more than 1 team at a time (dynamic memebership)
2- team task unpredictable

Question 16

5 team work capability

Answer 16

1- communication skill
2- feedback skills
3-interpersonal skill–> infer emotions, regulate emotions
4- leadership skill
5- teamwork savvy–> what drives team effectivness

Question 17

what is cognitive ability

Answer 17

refers to the capability to preform higher mental processes of reasoning, recalling, understanding, and problem-solving. It doesn’t refer to what someone knows.

Question 18

collective oerintation is

Answer 18

help epople become better teammates, team first thinking, share info and fill in

Question 19

3 traits associated with high team effectivness other than collective oreintation

Answer 19

1- adaptability: willing to adjust to fit circumstance
2- conscientiousness: depenable and organized
3- agreeablness: trust, helpful, coperative

Question 20

deviant behviours

Answer 20

making fun of someone, saying something hurtful, making an inappropriate ethnic or religious remark, cursing at someone, playing mean pranks, acting rudely, and publicly embarrassing someone

Question 21

toxic traits

Answer 21

o Machiavellian: manipulation is effective and acceptable
o Narcissism: over inflated self worth
o Psychopath: lack of concern for others
- low agreeablness

Question 22

emptional contagion

Answer 22

catch emotions of others

Question 23

transportable team capabilityrefers tp fundemntal skills and personal attriubutues whata are they

Answer 23

fundemntal: recove feedback/give, communicate, conflict resolution
personal: cognitive abilit, collective orientation, adaptability

Question 24

fixed costs

Answer 24

inccured regularly and unliley change over time

Question 25

vc

Answer 25

costs that vary with production output

Question 26

direct cost

Answer 26

direct to service, almost always variavle

Question 27

indirect

Answer 27

not specefic to service, MOH, security, admin
-ID cost pool and allocate within org
-can be fixed or variable

Question 28

why cost allocation important

Answer 28

cost misallocated = wrong decesions like over price

Question 29

total vc cost =

Answer 29

total quantity of output x VC per unit

Question 30

Break evcen point =

Answer 30

FC/ (sales price per unit-VC cost per unit)

Question 31

types of CF

Answer 31

1- CF from operate: core business activity not from invest
2- free cash flow to equity: cash avaliable after reinvest to busiess capital expenditure
3- free cash flow to firm: assume no leverage in finacial model
4- net change in cahs: change in cash from one accounting period to next

Question 32

common cash metrics

Answer 32

NPV,IRR, liqudidity, cashflow yield: how muchg cash per share to share price, P/CF ratio: price of stock/ CFPS, cash conversion ratio: anount pay for inventory vs get $ from customer, funding gap: how much $ needed, dividend payment, capital expenidture

Question 33

income and profit are

Answer 33

based on accural accounting principles, smooth out expenditure and match revenue to timing of when product delivered

Question 34

income statement formula

Answer 34

sales-COGS = GP- marketing- admin = EBITDA - DEp =OI - interest - expense like r/d - tax = net income

Question 35

total cost =

Answer 35

VC unit x unit + FC = expense
rev - expense = profit