Business Mastery Chapters 1-4 Flashcards
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Business Mastery Chapters 1-4 Flashcards

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Questions and Answers

What is a goal?

The object of a person's ambition or effort; an aim or desired result.

What are priorities in goal setting?

Primary areas of concern.

What does purpose mean in the context of goal setting?

A direction or theme utilized when setting goals.

What does the acronym SMARTER stand for?

<p>Specific, Measurable, Achievable, Realistic, Timelined, Enthusiastic, Rewarding.</p> Signup and view all the answers

What is strategic planning?

<p>A systematic process of envisioning a desired future, and translating this into broadly defined goals and a sequence of steps to achieve them.</p> Signup and view all the answers

What is creative visualization?

<p>A mental technique that uses the imagination to create success and make dreams and goals come true.</p> Signup and view all the answers

What are morals?

<p>Standards by which behaviors and character traits are judged as right or wrong.</p> Signup and view all the answers

What are principles?

<p>An individual's rules or laws of behavior that enable him/her to behave with integrity.</p> Signup and view all the answers

What does professionalism encompass?

<p>The behaviors and qualities that mark an individual as reliable, competent, trustworthy, and polished.</p> Signup and view all the answers

What are values?

<p>Beliefs about what is intrinsically worthwhile or desirable, rather than what is right or correct.</p> Signup and view all the answers

What do boundaries refer to?

<p>Borders or limits that separate people from their environment and from other people; personal comfort zones that enable a person to maintain a sense of comfort and safety.</p> Signup and view all the answers

What is goal setting?

<p>A plan to determine ahead of time what you expect to accomplish and how you can accomplish it.</p> Signup and view all the answers

What are attitudes?

<p>Feelings, disposition or expression of a positive or negative evaluation of people, objects, events, activities or ideas.</p> Signup and view all the answers

What are beliefs?

<p>Trust, faith or confidence in someone or something.</p> Signup and view all the answers

What is continuing education?

<p>Learning you pursue after you complete your formal education and training, often required by licensing boards.</p> Signup and view all the answers

What is a defense mechanism?

<p>Psychological strategy of relating to the world that is developed unconsciously to protect one from shame, anxiety, and other emotionally painful experiences.</p> Signup and view all the answers

What does it mean to delegate?

<p>To entrust an act or responsibility to someone else.</p> Signup and view all the answers

What are habits?

<p>An acquired behavior pattern(s) regularly followed until it is almost involuntary.</p> Signup and view all the answers

What are high priority activities?

<p>Activities that produce the majority of the results.</p> Signup and view all the answers

What is an inner critic?

<p>The negative internal voice.</p> Signup and view all the answers

What are key business indicators?

<p>A set of quantifiable measures that a person, company, or industry uses to gauge or compare performance.</p> Signup and view all the answers

What does logistics refer to?

<p>The management of day-to-day tasks associated with running a business.</p> Signup and view all the answers

What is marketing?

<p>Sharing information about yourself and your services with potential and current clients.</p> Signup and view all the answers

What is motivation?

<p>The reason(s) one has for acting or behaving in a particular way.</p> Signup and view all the answers

What is the Pareto Principle?

<p>The belief that 80% of one's results are produced by 20% of one's activities.</p> Signup and view all the answers

What is perception?

<p>The ability to see, hear or become aware of something through the senses.</p> Signup and view all the answers

What is procrastination?

<p>To put off intentionally and habitually.</p> Signup and view all the answers

What does reframing mean?

<p>Changing the conceptual and/or emotional viewpoint in relation to which a situation is experienced.</p> Signup and view all the answers

What is risk-taking?

<p>The act or fact of doing something that involves danger or potential loss in order to achieve a goal.</p> Signup and view all the answers

What is self-sabotage?

<p>Self-talk that undermines belief in ourselves and motivation to change and grow.</p> Signup and view all the answers

What are success markers?

<p>Accomplishments that mark action steps toward a goal.</p> Signup and view all the answers

Study Notes

Goal Setting and Planning

  • Goal: The aim or desired result that a person strives to achieve.
  • Priorities: The main focus areas in goal setting that determine allocation of effort and resources.
  • Purpose: The overarching direction guiding goal formulation.
  • SMARTER Goals: A framework for effective goal setting consisting of Specific, Measurable, Achievable, Realistic, Timelined, Enthusiastic, and Rewarding criteria.
  • Strategic Planning: A structured approach to envisioning a future and defining the steps to achieve certain long-term goals.
  • Goal Setting: A proactive method to outline expected achievements and the pathway to realize them.

Personal Development Concepts

  • Creative Visualization: A technique for envisioning success and achieving desired outcomes through the power of imagination.
  • Morals: Standards for judging behavior, distinguishing right from wrong.
  • Principles: Individual behavioral guidelines that ensure integrity and ethical conduct.
  • Values: Deeply held beliefs regarding what is worthwhile or desirable, beyond mere correctness.

Professional Skills and Ethics

  • Professionalism: The qualities that demonstrate reliability and competence in a professional context.
  • Boundaries: Personal limits that foster comfort and safety, separating oneself from external influences.

Behavioral Insights

  • Attitudes: Individual dispositions reflecting positive or negative evaluations toward various aspects of life.
  • Beliefs: The foundation of trust and confidence in oneself or in others.
  • Habits: Established behaviors performed almost automatically, impacting productivity and effectiveness.

Business Efficiency and Management

  • High Priority Activities: Tasks that yield the most significant results, aligned with the Pareto Principle (80/20 rule).
  • Key Business Indicators: Metrics employed by businesses to assess performance and reach strategic goals.
  • Logistics: The coordination of daily operations essential for smooth business functioning.
  • Marketing: The process of sharing personal or service-related information to attract and inform potential clients.

Psychological Aspects

  • Motivation: The underlying reasons driving individuals to behave in certain ways.
  • Procrastination: The tendency to delay tasks intentionally and repeatedly, often impacting productivity.
  • Self-Sabotage: Negative internal dialogue that diminishes self-belief and hinders personal growth.
  • Inner Critic: The voice within that expresses doubt, often leading to decreased motivation.

Adaptive Strategies

  • Defense Mechanism: Unconscious psychological strategies developed to manage emotional pain and anxiety.
  • Reframing: The technique of altering the perception of a situation to change its emotional impact, leading to a different understanding.

Risk and Success

  • Risk-Taking: Engaging in actions involving potential danger or loss to pursue a goal.
  • Success Markers: Milestones that indicate progress toward achieving set goals.

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Test your knowledge with these flashcards covering key terms from Chapters 1-4 of Business Mastery. Learn definitions and concepts like goals, priorities, purpose, and SMARTER goals. Perfect for students looking to enhance their understanding of business principles.

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