Leadership
Lecture 1
Peter Principal: you will rise to your level of incompetence, and stay there.
On-Track vs. Derailed – problems with interpersonal relationships, dependency on a skill, limited human capital, failure to follow through or persuade others, dependency on a single mentor, limited social capital, difficulty making transitions
5 Elements of Leadership: 1) Setting the Shared Purpose-optimistic vision of the future, make it personal but not ecocentric, share info and provide updates, transparency, reassure people by giving them frequent updates, ask questions to gauge understanding 2) Motivating – knowing what motivates people (passion, fairness, choice & voice), perspective-taking, attending to interests, concerns & desires of people. Find meaning & purpose. People want control & say. a. Compliance (exert formal power- boss. Gives you only what you ask for. Inefficient. b. Commitment-have team internalize what you want of them. Energy expanding. Creatively strive for share purposes. Act in the best interest of the firm. 3) Enabling – creating channels allowing people to reach full potential. Avoid too much reliance on incentives. c. Channels, Opt-in vs. Opt-out – Casinos 4) Integrating – combine disparate talents, ideas, knowledge of others into a synchronized team. Can’t do everything yourself. Manage diversity and promote equal opportunity. Understand social networks – find brokers-efficiency. 5) Self-Awareness –Recognize thoughts/behaviors & impact on others. Know your strengths and weaknesses. Perception of self vs. other’s perceptions
Eight Sets of Tools – Decision making, Influence tactics, High-Impact Teams, Negotiating Effectively, Motivation, Creating Effective Cultures, Leveraging Networks, Leading Change
Session 2 – Making Organizational Decisions
Reading: Chapter 2 – Biases – From the book: Judgment in Managerial Decision Making
Biases emanating from the availability
Peter Principal: you will rise to your level of incompetence, and stay there.
On-Track vs. Derailed – problems with interpersonal relationships, dependency on a skill, limited human capital, failure to follow through or persuade others, dependency on a single mentor, limited social capital, difficulty making transitions
5 Elements of Leadership: 1) Setting the Shared Purpose-optimistic vision of the future, make it personal but not ecocentric, share info and provide updates, transparency, reassure people by giving them frequent updates, ask questions to gauge understanding 2) Motivating – knowing what motivates people (passion, fairness, choice & voice), perspective-taking, attending to interests, concerns & desires of people. Find meaning & purpose. People want control & say. a. Compliance (exert formal power- boss. Gives you only what you ask for. Inefficient. b. Commitment-have team internalize what you want of them. Energy expanding. Creatively strive for share purposes. Act in the best interest of the firm. 3) Enabling – creating channels allowing people to reach full potential. Avoid too much reliance on incentives. c. Channels, Opt-in vs. Opt-out – Casinos 4) Integrating – combine disparate talents, ideas, knowledge of others into a synchronized team. Can’t do everything yourself. Manage diversity and promote equal opportunity. Understand social networks – find brokers-efficiency. 5) Self-Awareness –Recognize thoughts/behaviors & impact on others. Know your strengths and weaknesses. Perception of self vs. other’s perceptions
Eight Sets of Tools – Decision making, Influence tactics, High-Impact Teams, Negotiating Effectively, Motivation, Creating Effective Cultures, Leveraging Networks, Leading Change
Session 2 – Making Organizational Decisions
Reading: Chapter 2 – Biases – From the book: Judgment in Managerial Decision Making
Biases emanating from the availability