MGM101H5 Lecture Notes - Lecture 9: Strategic Thinking, Self-Awareness, Social Skills
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MGM101H5 Full Course Notes
Verified Note
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Document Summary
Detail of what type of training and tools military leaders are provided with. Focus: although trained and put into leadership roles, when done their skills sets are recognized in private sector. Well trained capable men and women from the military with leadership and skills, but in the private sector not valued or used: most hiring in the private sector have a lack of awareness. The responsibilities, the goal setting, task completion, team building skills are these roles are very similar between the two environments, but applied differently. Average annual ceo pay is . 5 million, 369 times average worker pay of ,310. In 1970, the multiple was 28:1, a ratio that would make todays average worker pay ,800. If ceo pay were frozen now, it would take 66 workers of 4% annual raises to get back to 1/28th of what the boss makes. What makes leaders great: self-awareness, personal conviction, courage, creativity, curiosity. 11: traits that can be acquired through learning.
