SHBM Entry Exam General Knowledge Test
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Questions and Answers

What does DARE stand for in the context of the mindset introduced in the text?

Defiance, Adventure, Realism, Endurance

How does the text describe the challenges of realizing innovative growth?

  • The mindset needed for innovative growth is easily acquired
  • The clock speed of change makes it easy to develop the needed mindset
  • Business leaders unanimously recognize the growth mindset in their organizations
  • Innovation requires structures and tools that are hard to come by (correct)

    • Successful innovators are often fully aware of everything happening in their world.

    False

    What is necessary for innovative growth according to the content?

    <p>Combination of plan and vision</p> Signup and view all the answers

    Innovative growth requires collaboration with friends and containment of enemies.

    <p>True</p> Signup and view all the answers

    What role does experimentation play in innovation?

    <p>Experimentation de-risks innovation and accelerates outcomes.</p> Signup and view all the answers

    According to the content, one should learn to ______ before attempting to run.

    <p>walk</p> Signup and view all the answers

    Match the following terms with their descriptions:

    <p>Data Scientist = Role involved in determining metrics for success Experimentation = De-risks innovation and accelerates outcomes Innovation Game = Setting oneself up for success or failure</p> Signup and view all the answers

    What does DARE stand for?

    <p>Defiance, Adventure, Realism, Endurance</p> Signup and view all the answers

    In the DARE mindset, the state of being adventurous is akin to Peter Pan in the ________.

    <p>Neverland</p> Signup and view all the answers

    The concept of 'destruction créatrice' was introduced by Joseph Schumpeter in 1942.

    <p>True</p> Signup and view all the answers

    What does 'endurance' refer to in the context of innovation?

    <p>disciplined execution</p> Signup and view all the answers

    Match the following DARE qualities with their descriptions:

    <p>Determination = Courage to act Resilience = Disciplined execution Adventure = Curiosity and constant pursuit of novelty Endurance = Going till the end and overcoming obstacles</p> Signup and view all the answers

    What are the four core things that daring leadership can be simplified down to?

    <p>Vulnerability, Values, Trust, Resilience</p> Signup and view all the answers

    Leaders need to demonstrate vulnerability in order for people to trust them, according to the text.

    <p>True</p> Signup and view all the answers

    What is the importance of trust in organizations, based on the text?

    <p>Trust in organizations is not nice-to-have, it's a complete must-have.</p> Signup and view all the answers

    According to Brown, daring leaders lead with a 'soft front and a hard _____.'

    <p>back</p> Signup and view all the answers

    Match the following leadership styles with their descriptions:

    <p>Armoured Leadership = Driving perfectionism and fostering fear of failure Daring Leadership = Modelling clarity, kindness, and hope</p> Signup and view all the answers

    What is the message echoed by Simon Sinek and Patrick Lencioni regarding leaders' characteristics in the book 'Dare to Lead'?

    <p>Curious and vulnerable</p> Signup and view all the answers

    According to the University of Sydney's study mentioned in the text, what is the level of consensus on the definition of 'leadership'?

    <p>Almost one hundred completely different answers</p> Signup and view all the answers

    Leaders are solely required to focus on operational, tactical, and strategic aspects of leadership.

    <p>False</p> Signup and view all the answers

    What are the two key elements that leadership primarily comes down to, as mentioned in the text?

    <p>mindset and behaviors</p> Signup and view all the answers

    What did the fixed mindset students do when confronted with an error?

    <p>Run from the error</p> Signup and view all the answers

    According to Carol Dweck, praising intelligence and talent is effective in motivating children.

    <p>False</p> Signup and view all the answers

    What concept does Carol Dweck emphasize in her work?

    <p>growth mindset</p> Signup and view all the answers

    The _____ mindset is based on the belief that qualities can be cultivated through efforts.

    <p>growth</p> Signup and view all the answers

    According to the content, which mindset is essential for success?

    <p>Growth mindset</p> Signup and view all the answers

    In the text, it is mentioned that trust-based relationships in organizations lead to financial benefits.

    <p>True</p> Signup and view all the answers

    What does Carol Dweck primarily study?

    <p>human motivation</p> Signup and view all the answers

    Mme Brown underlines that if relations are not based on trust, organizations can literally ______ in ruin.

    <p>fall</p> Signup and view all the answers

    According to the content, what are the essential elements of bold leadership?

    <p>Vulnerability, Values, Trust, Resilience</p> Signup and view all the answers

    Brene Brown suggests that leaders should cultivate an environment where __________ can be achieved.

    <p>connection</p> Signup and view all the answers

    According to the content, showing vulnerability is a sign of weakness in leaders.

    <p>False</p> Signup and view all the answers

    Define what values should represent for leaders according to Brene Brown.

    <p>a definition of who they are</p> Signup and view all the answers

    What does Brene Brown suggest leaders should prioritize over what is fun, fast, or easy?

    <p>Difficult choices</p> Signup and view all the answers

    Study Notes

    DARE Mindset

    • DARE stands for Defiance, Adventure, Realism, and Endurance
    • It's a mindset for innovators in the digital age, aiming to achieve innovative growth

    Defiance

    • Having the courage to challenge the status quo and conventional thinking
    • Being bold and provocative in breaking down governing myths and beliefs in organizations and industries
    • Realizing that transformation can only occur when we don't think outside the box, but discard the box altogether

    Adventure

    • Embracing a curious and adventurous mindset, constantly looking for the "new new"
    • Being in a state of perpetual beta, with experimental learning and a willingness to venture into the unknown
    • Applying the concept of "Neue Kombinationen" by connecting seemingly unrelated concepts and creating something entirely new

    Realism

    • Recognizing that innovative growth becomes sustainable when the outcome of adventure is married with a sense of realism
    • Understanding that fiction becomes fact, and no business can exist solely on the merits of fantasy
    • Demystifying and objectifying through data and scientific analysis

    Endurance

    • Referring to disciplined execution and grinding down to the very end to make things happen
    • Navigating through the "valley of tears" and "troughs of disillusionment" to achieve success
    • Recognizing that execution is often seen as inferior to strategy, but it is equally important

    The DARE Journey

    • Structured around ten leading questions, which underpin most discussions with clients and partners
    • Questions include:
      • Do I know what I don't know?
      • How do I make sure that I am still in business in 5 years' time?
      • Can I kick it?
      • Who are my growth BFFs and BEFs?
      • Am I willing to Experiment or Die?
      • What are the rules of the game?
      • Do I have the basics in order?
      • Do I go by facts or do I believe in fiction?
      • How do I turn on the growth engine?
      • How to achieve full maturity?

    Rarely Asked Questions (RAQs)

    • Questions that are often avoided or never cross one's mind, but are crucial for innovative growth
    • Examples of RAQs include:
      • What do I believe are absolute truths about the future of my organization?
      • What if these truths turn out to be false?
      • When was the last time I actually learned something new?
      • What is the last experiment I conducted myself?
      • When did I last approve a project without a business case?
      • Is my skill set up to par for this digital era?
      • Do I trust my team's skills and ability to innovate our way into the future?
      • What if my customer or supplier becomes my competitor?

    Leonardo da Vinci as a DARE Practitioner

    • Da Vinci embodied the DARE mindset, blending observation, theory, experimentation, and multidisciplinary skills
    • He was a self-made professional, constantly curious, and driven to challenge conventional wisdom
    • Da Vinci asked questions, observed patterns, and tested hypotheses, combining experimental and theoretical approaches
    • He worked collaboratively, bouncing ideas with others, and facilitated the process of ideation and innovation### DARE Introduction
    • DARE is an innovative mindset for innovators in the digital age
    • It's a guide to help entrepreneurs and innovators grow and thrive in a rapidly changing environment

    The Problem of Innovation

    • Realizing growth is one of the most difficult tasks in any organization
    • Innovative and sustainable growth is even more challenging
    • Many startups and companies struggle to innovate and stay competitive

    The Two Major Problems

    • The first problem is the mindset, skills, and ability to innovate and use innovation tools
    • The second problem is the lack of rapidity in materializing innovation into competitive advantage

    The DARE Mindset

    • DARE stands for Defiance, Adventure, Realism, and Endurance
    • It's a mindset that combines courage, creativity, and a willingness to take risks
    • It's essential for innovators and entrepreneurs who want to succeed in the digital age

    Defiance

    • Defiance is about having the courage to challenge the status quo and break free from conventional thinking
    • It's about being audacious and bold in the pursuit of innovation

    Adventure

    • Adventure is about embracing the unknown and being open to new experiences and possibilities
    • It's about being curious and constantly seeking new knowledge and skills

    Realism

    • Realism is about being grounded in reality and understanding the limitations and constraints of innovation
    • It's about being objective and data-driven in decision-making

    Endurance

    • Endurance is about having the discipline and persistence to see innovation through to its completion
    • It's about being able to navigate obstacles and setbacks, and to stay focused on the goal

    The DARE Movement

    • The DARE movement is a response to the need for a new mindset and approach to innovation
    • It's a call to action for innovators and entrepreneurs to adopt a more daring and adventurous approach to growth and innovation

    The DARE Guide

    • The DARE guide is a practical guide to help innovators and entrepreneurs navigate the challenges of innovation
    • It's a toolkit for identifying opportunities, taking risks, and driving growth and innovation

    The 10 Questions

    • The DARE guide is structured around 10 key questions that innovators and entrepreneurs need to ask themselves
    • The questions are designed to help individuals and organizations identify areas for improvement and opportunities for growth and innovation

    The RAQ (Rarely Asked Questions)

    • The RAQ is a set of questions that are rarely asked but are essential for driving innovation and growth
    • The questions are designed to help individuals and organizations challenge their assumptions and think outside the box### Leonardo da Vinci's Approach
    • Leonardo da Vinci had a complementary approach, adhering to the RAQ method, asking questions like "why is the sky blue?" or "why are fish faster in water than birds in the sky?"
    • His curiosity led to observations and experiments, often questioning established truths.
    • He believed in collaboration and teamwork, and histhought process was often collegiate.

    The Art of Daring Leadership

    • Leadership is a vague and ambiguous concept, with varying definitions.
    • Brene Brown's book "Dare to Lead" emphasizes the need for brave and courageous leaders who are vulnerable, value-driven, trusting, and resilient.

    Brene Brown's Research

    • Brown's research highlights the importance of leaders being brave and courageous, rather than avoiding gritty conversations and seeking artificial harmony.
    • Leaders should prioritize trust-based relationships, be willing to be vulnerable, and create an environment where people feel they can take risks.
    • Failure to do so leads to avoidance of tough conversations, lack of trust, and limited growth.

    Daring Leadership

    • Daring leaders have a mindset that values vulnerability, trust, and resilience.
    • They prioritize building trust-based relationships, creating an environment where people feel they can take risks, and are resilient in the face of challenges.
    • They lead with a "soft front and a hard back", being vulnerable and empathetic while making tough decisions.

    Vulnerability

    • Leaders often hide behind myths, avoiding vulnerability and claiming they "don't do vulnerability" or "prefer to go it alone".
    • However, vulnerability leads to adaptability, hard conversations, feedback, problem-solving, and ethical decision-making.
    • Leaders need to find the courage to be curious and surface emotions and experiences that people can't articulate or are unaware of.

    Values

    • Values should be clear and simple, defining who we are and what we stand for.
    • Leaders should create an environment where connection can be achieved, trust fostered, and vulnerability willing and able to be demonstrated.
    • Values should be operationalized into teachable and observable behaviors and skills.

    Trust

    • Trust is a must-have in organizations, and leaders need to demonstrate vulnerability to build trust-based relationships.
    • Once trust is established, leaders should prioritize remembering small things, like employee's children's names or how an ill relative is doing.

    Resilience

    • Leaders should prioritize teaching resilience, preparing people for what might happen, rather than just reacting to events.
    • Resilience is needed in everyday interactions, not just during major events, and leaders should educate and support employees in understanding what's going on around them.

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    Assess your knowledge with this general knowledge test for the SHBM Entry Exam. Covering a range of topics, this test evaluates your understanding of various subjects.

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