MGM101H5 Chapter Notes - Chapter 9: Team Dynamics
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MGM101H5 Full Course Notes
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You can be a leader without being a manager, but not likewise. Being able to take a position and seeing it through. Able to influence and motivate other people. Stay consistent and don"t veer off from your opinion/goal/stance. Be open-minded to others and take other opinions into consideration. Leaders do the right things, focus on vision/mission/goals. Managers do things right, focus on preserving the status quo. In 1970, multiple was 28:1, a ratio that would make average worker pay ,800. If ceo pay were frozen now, it would take workers 66 years of 4% annual raises to get back to 1. 28th of what the boss makes. Know strengths, weaknesses, develop teams for abilities, etc: personal conviction, courage, creativity, curiosity, ability to inspire. Present a vision and inspire others to commit to vision: ability to listen, ability to innovate, eagerness to experience, willingness to reflect. Traits that can be acquired through learning:
