Podcast
Questions and Answers
What does strategic capability refer to?
What does strategic capability refer to?
What are the three tiers of capabilities?
What are the three tiers of capabilities?
What are the common attributes of people who lead?
What are the common attributes of people who lead?
What is the emphasis of management according to the text?
What is the emphasis of management according to the text?
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What distinguishes leaders from managers based on the text?
What distinguishes leaders from managers based on the text?
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What do managers tend to emphasize?
What do managers tend to emphasize?
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What is the ability to disseminate information and listen actively called in leadership?
What is the ability to disseminate information and listen actively called in leadership?
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Which skill involves getting people to want to do what you need them to do?
Which skill involves getting people to want to do what you need them to do?
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What is keeping a positive attitude regardless of the situation known as?
What is keeping a positive attitude regardless of the situation known as?
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Which skill involves being open to taking chances and thinking creatively?
Which skill involves being open to taking chances and thinking creatively?
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What is the skill of listening to your team, stakeholders, advisors, mentors, etc. and taking their opinions seriously called?
What is the skill of listening to your team, stakeholders, advisors, mentors, etc. and taking their opinions seriously called?
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Which skill involves not holding too much rigidity and being willing to adapt to change?
Which skill involves not holding too much rigidity and being willing to adapt to change?
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What is the ability to communicate what you need to who needs to do it called in management?
What is the ability to communicate what you need to who needs to do it called in management?
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Which skill involves planning for the future and setting up for it today in management?
Which skill involves planning for the future and setting up for it today in management?
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Which skill involves thinking strategically about the project and the organization in management?
Which skill involves thinking strategically about the project and the organization in management?
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What is the skill of having a keen sense of the business and commercial environment in which one operates called in management?
What is the skill of having a keen sense of the business and commercial environment in which one operates called in management?
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Study Notes
Strategic Capability
- Refers to an organization's ability to implement and execute strategies that drive competitive advantage and ensure long-term success.
Three Tiers of Capabilities
- Core capabilities: Fundamental skills and resources essential for the organization's operations.
- Distinctive capabilities: Unique strengths that set the organization apart from competitors.
- Dynamic capabilities: The ability to adapt and reconfigure resources and capabilities in response to changing environments.
Common Attributes of Leaders
- Visionary thinking with the ability to inspire others.
- Strong communication skills that foster collaboration and trust.
- Emotional intelligence that enhances interpersonal relationships.
Emphasis of Management
- Focus on planning, organizing, and controlling resources to achieve organizational goals efficiently.
Distinction Between Leaders and Managers
- Leaders promote innovation and inspire change, while managers emphasize stability and order within processes.
Managers' Emphasis
- Operations, efficiency, and achieving specific targets through systematic approaches.
Active Listening and Information Dissemination in Leadership
- Known as effective communication; involves sharing information transparently and attentively understanding feedback from others.
Skill of Motivation
- Involves influencing and inspiring individuals to willingly achieve common goals and objectives.
Positive Attitude
- Known as resilience; the capacity to maintain optimism and a constructive outlook amidst challenges.
Creative Risk-Taking
- Entails embracing innovation and exploring new ideas, encouraging outside-the-box thinking.
Valuing Diverse Opinions
- Known as participatory leadership; involves seriously considering input from team members and stakeholders.
Adaptability to Change
- Flexibility; the willingness to adjust strategies and approaches in response to new situations or information.
Effective Communication in Management
- Focuses on clarifying tasks and ensuring that instructions reach the appropriate individuals for execution.
Future Planning in Management
- Strategic foresight; preparing for upcoming developments and aligning present actions with future goals.
Strategic Thinking in Management
- Encompasses assessing broader organizational objectives and aligning projects with overarching strategies.
Business Acumen
- Refers to having a deep understanding of the market, industry dynamics, and competitive landscape crucial for strategic decision-making.
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Description
Test your knowledge about internal resources, capabilities, competences, and strategic capabilities within a company. Explore the tiers of capabilities and the role of leadership and management in sustaining competitive advantage.
