This type of decision-making involves the leader making decisions alone without input from others.
What is Autocratic Decision Making?
This bias occurs when individuals rely too heavily on the first piece of information they receive when making decisions.
What is Anchoring & Adjustment?
This financial statement provides a snapshot of a company's financial position at a specific point in time.
What is a Balance Sheet?
This HR function involves finding and hiring the right individuals for specific roles within the organization.
What is Selection and Placement?
Name two of the four path-goal leadership styles.
What are Directive leaders and Supportive leaders? (Also acceptable: Participative leaders and Achievement-oriented leaders)
In this style of decision-making, leaders allow group members to participate in the decision-making process.
What is Democratic Decision Making?
What is the tendency to make judgments about the likelihood of an event based on how easily examples of it come to mind?
What is Availability bias?
Name two of the five core principles of Lean management.
What are Define Value from the Customer’s Perspective and Create Flow in Each Value Stream?
Name two key elements of HR management that contribute to organizational success.
What are Job Design and Compensation and Rewards?
What is the tendency to make judgments about the likelihood of an event based on how easily examples of it come to mind?
What is Availability bias?
This leadership style involves minimal leader involvement, allowing employees to make decisions on their own.
What is Laissez-faire Decision Making?
This bias involves seeking out information that supports pre-existing beliefs while ignoring contradictory evidence.
What is Confirmation bias?
This type of control focuses on monitoring and adjusting ongoing activities to ensure they align with organizational goals.
What is Operational Control?
This term refers to the deliberate structuring of tasks to optimize employee performance and satisfaction.
What is Job Design?
Name two key elements of HR management that contribute to organizational success.
What are Job Design and Compensation and Rewards?
Name two of the four path-goal leadership styles.
What are Directive leaders and Supportive leaders? (Also acceptable: Participative leaders and Achievement-oriented leaders)
The phenomenon where individuals continue to invest time, money, or effort into a decision, even though it's clear it's not the best course of action.
What is Escalation of Commitment?
Describe the type of control that aims to prevent problems before they occur by anticipating changes and taking proactive measures.
What is Feedforward Control?
A systematic process to identify and develop internal employees with the potential to fill key leadership positions in the future.
What is Succession Planning?
This type of control focuses on monitoring and adjusting ongoing activities to ensure they align with organizational goals.
What is Operational Control?
This type of path-goal leader sets challenging goals and expects high performance from employees.
What is an Achievement-oriented leader?
This bias occurs when individuals make decisions based on how the information is presented, rather than on the information itself.
What is Framing bias?
This type of control involves comparing actual performance to desired performance during the implementation of an activity.
What is Concurrent Control?
This HR strategy involves attracting, retaining, and developing skilled employees to gain a competitive advantage.
What is Talent Management?
This HR strategy involves attracting, retaining, and developing skilled employees to gain a competitive advantage.
What is Talent Management?