Comparative Advantage
The principle of allocating tasks based on individual strengths and efficiencies to maximize overall team productivity.
What is Comparative Advantage?
Recognizing and valuing the contributions of others, being open to feedback, and acknowledging one’s limitations.
What is Humility?
A clear and compelling long-term goal that guides the organization’s strategies and actions.
What is Vision?
Encouraging questioning and constructive criticism to foster continuous improvement and innovation.
What is Challenge?
Creating value through actions and decisions that benefit all parties involved.
Clearly defined roles, responsibilities, and expectations to ensure everyone understands their contributions and decision rights.
What is Roles Responsibilities and Expectations?
Adhering to moral and ethical principles, ensuring honesty and consistency in actions.
What is Integrity?
The ongoing process of change and improvement to stay competitive and achieve long-term success.
What is Transformation?
Responsible management of resources and adherence to laws and regulations to ensure long-term sustainability.
What is Stewardship and Compliance?
Balancing decision-making between hierarchical directives and input from all levels of the organization.
What is Bottom-Up vs. Top-Down approach?
Holding oneself and others responsible for positive and negative contributions to ensure alignment with goals and values.
What is Accountability?
The process of realizing and fulfilling one’s potential and capabilities.
What is Self-Actualization?
The process of dismantling outdated practices and structures to make way for innovation and growth.
What is Creative Destruction?
Recognizing and avoiding common mistakes and biases that can impede effective decision-making.
What are Error Traps?
Establishing strong, mutually beneficial relationships with key stakeholders.
What are Preferred Partnerships?
Being driven by the desire to make meaningful contributions to the organization’s success.
What is Contribution Motivated?
The dilemma where individuals acting in their own self-interest deplete shared resources, harming the collective good. "If everyone owns it, then no one cares for it."
What is Tragedy of the Commons?
The practical and theoretical understanding necessary to perform tasks effectively and make informed decisions.
What is Knowledge?