BUS-X 100 Study Guide - Final Guide: Sr Leader Class, Microsoft Powerpoint, Job Enrichment
Business Administration Final
Chapter 7
PowerPoint notes
• The military has a competitive mindset
• Whethe i usiess o i a…the ailit to eat uikl & adapt is itial & it’s eoig
even more so as technology & disruptive forces increase the fast pace of change.
• Got to have a passion for what you do. If you do not love what you are doing you will fail.
• Got to have a great team.
• Good to Great by Jim Collins – good is the enemy of great, great companies outperform their
competition by 6.9 times, great companies are counter intuitive
• Why Smart Executives Fail Sydney Finkel– they have a blind spot, they exclude any
information that contradicts reality, they shut out unwelcome information
• Ultimate value of a leader is to get the most out of people
• A supportive corporation culture is the #1 driver for innovation because people feel ok to fail
and learn from their mistakes
• Centralized organizations - Authority is concentrated at the top level, typically more control
based
• Decentralized organizations - Decision-making authority is delegated as far down the chain of
command as possible, typically more empowerment based, critical for the future.
• Span of Management – the number of subordinates who report to a particular manager.
• Wide span of management - exists when a manager directly supervises a very large number of
employees. Works well when trying to get a boss to let go of controls.
• Formal Communication – flow of communication within the formal organizational structure as
depicted on organizational charts.
• Informal Communication – sepaate fo aageet’s foal, offiial ouiatio
channels.
• The key to good communication is alignment of the same goals
Class notes
• The leader sets the tone for the teamwork in the business
• The military always ask, hat do e eed to ipoe ad usiesses should do the sae
• The military invented many things to keep our military above the rest of the world
• The military is very successful because of their teamwork and communication
• They have growth mindsets where they want to get better for the next challenge
• Being a talent scout it good for business because you need a good team
• The great companies outperform the rest of the market average by 6.9 times, and out of 1400
companies there are onl opaies, the salaies of these opa’s eeuties ee i
the bottom 25%
• When you fail you get a better education than any of your successes
• Narrow organizations are better for the future
find more resources at oneclass.com
find more resources at oneclass.com
• Wide management took away the ability to micro manage
• The grapevine is like Facebook, the people inside the platform create the content
• Anytime the grapevine has more power than the organization something is wrong
Leadership
PowerPoint notes
• Innovation the key to growth in the new global economy.
• The United States is attempting to implement tomorrows competitive strategies with
esteda’s aageial ideas & puli poli ifastutue. THIS FAILS
• The higher the level of authority the more exclusive it is
• The One Thing by Gary Keller – focus on one thing at a time, no multitasking
• Great by Choice by Jim Collins – great leaders have good values, put others first, have long
term goals, not multi-taskers
• 12% of being a good leader is based on knowledge and vision, 88% is dealing with people
• To be a leader you must put organizational interests above self-interests.
Class notes
• You learn more from your failures than you do your success
• Ceatig a ultue that it is ok to fail is ipotat eause if ou ae’t failig ou ae’t tig
new things
• Focusing on your employees is always important to the business
• The title leader is earned through actions
• Leadership is the mysterious talent
• Most leaders are focused on power instead of results
• Focus will get the highest results
Chapter 6
PowerPoint notes
• 4 Responsibilities of CEO’s/Leaders
o Planning – Vision, Mission, Scenarios (what ifs) - Where going!
o Organizing - Getting people and resources aligned to carry out plan! (Top to bottom)
o Directing – Set priorities, focus, accountability, & responsibility!
o Controlling – Moito pogess! Ala Cohe… Trust & Tak!
• 4 Leadership Styles
o Autocratic (Boss) – Makes decisions alone
o Democratic (Boss/Leader)– Accepts input from others
o Free Rein/Laissez-Faire (Leader)– Broad ojeties… iial supeisio
o Situational (Leader)– Select type to match situation
• Research - People push theseles hade the the’ll let theseles e pushed othes.
Communication style holds the key to higher performance.
• Aodig to Roet Coope i the Book The othe 9% - research has proven the #1 quality
that differentiates Great from mediocre leaders is caring.
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
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