Explain the four nonroutine cognitive skills that are key to a successful career today
What will be an ideal response?
The four nonroutine cognitive skills identified as critical for organizations in the current scenario are as follows:
(1 ) Abstract reasoning—the ability to make and manipulate models.
(2 ) Systems thinking—the ability to model the components of a system, to connect the inputs and outputs among those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed.
(3 ) Collaboration—the activity of two or more people working together to achieve a common goal, result, or work product.
(4 ) Ability to experiment—making a reasoned analysis of an opportunity, envisioning potential solutions, evaluating those possibilities, and developing the most promising ones, consistent with the resources you have.
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This question contains two parts; be sure to answer both. First, list and describe five basic behaviors that enable a manager to work on disagreements and keep them from flaring into out-of-control personality conflicts. Second, suppose that you are dealing with a very unhappy assistant. He has worked for you for three years, and he has done excellent work, going above and beyond the call of duty. However, the company has placed a freeze on hiring and promotions, and for the last three years no employee has received more than a 2 percent raise. Your assistant is frustrated at his ever-increasing workload, and he wants to be promoted to a position with more responsibility and creativity. You suspect that he may be looking for another job. Which of the behaviors that you listed would you
use to manage the conflict with your assistant? Be specific, and explain your answer. What will be an ideal response?
Which explanation below is most appropriate in explaining why diversification can reduce investment risk?
A) The greater the number of assets held, the greater the portfolio return. B) The greater the risk taken, the greater the portfolio return. C) Asset returns are often poorly correlated. D) Asset returns tend to be stable over time.
Which of the following beliefs takes a positive view of advertising's economic effects?
A. advertising equals brand loyalty B. advertising equals differentiation C. advertising equals market power D. advertising equals materialism E. advertising equals information
A professional baseball team that has unsold tickets for a Friday night game cannot resell those tickets for a game the following afternoon due to the ________ characteristic of services.
A. Simultaneous production and consumption B. Heterogeneity C. Perishability D. Divisibility E. Intangibility