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CFM Answer Key Oct 2022 M.B.A ( 2019 PATTERN ) (1)
CFM Answer Key Oct 2022 M.B.A ( 2019 PATTERN ) (1)
:
PA-4351 [Total No. of Pages : 2
[5946]-2005
M.B.A.
GE-UL-07:CONTEMPORARYFRAMEWORKS IN MANAGEMENT
(2021 Pattern) (Semester - II) (207)
b) The law that states that leadership is about advancing others, not
about advancing yourself is the Law of Addition.
Absence of trust is a situation where team members do not feel comfortable being
open and honest with each other. This can lead to miscommunication, conflict,
and poor decision-making.
Team members who do not trust each other may behave in a number of ways,
including:
• Being reluctant to share information. They may be afraid that their
information will be used against them or that they will be judged.
• Being defensive. They may be quick to take offense or to see threats in
everything that is said.
• Being withdrawn. They may avoid interacting with other team members or
they may only interact with them in a superficial way.
• Being gossipy. They may spread rumors or negative information about
other team members.
When there is an absence of trust, it can be very difficult for teams to function
effectively. Team members may be afraid to take risks, they may be less likely to
cooperate, and they may be more likely to blame each other for mistakes.
Here are some tips for building trust in teams:
• Be open and honest with each other. This means sharing information and
ideas, even if they are not perfect or if you are not sure how they will be
received.
• Be respectful of each other's opinions. Even if you disagree with someone,
you should still listen to their point of view and try to understand where
they are coming from.
• Be willing to forgive each other. Everyone makes mistakes, so it is
important to be able to forgive each other and move on.
• Be supportive of each other. This means being there for each other when
things are tough and helping each other to succeed.
By following these tips, you can help to build trust in your team and create a
more positive and productive work environment.
c) In the book Good to Great what is meant by ‘First who... then what’.
Explain it with appropriate examples.
In the book Good to Great, Jim Collins argues that great companies focus on
getting the right people on the bus before they figure out where to drive it. This is
the idea of "First Who... Then What."
Collins found that the companies that made the biggest transformations from
good to great all had one thing in common: they focused on getting the right
people on the bus before they figured out where to drive it. They didn't start by
defining their strategy or setting their goals. They started by finding the right
people who shared their vision and who were passionate about the company's
mission.
One example of this is the company Kimberly-Clark. In the early 1970s,
Kimberly-Clark was a good company, but it was not great. It was facing
increasing competition from new entrants into the market. The company's CEO,
Darwin Smith, decided that the only way to survive was to transform the
company into a great company.
Smith started by focusing on getting the right people on the bus. He fired the top
10% of his management team and replaced them with people who shared his
vision for the company. He also created a rigorous selection process for hiring
new managers.
Once Smith had the right people in place, he started to define the company's
strategy and set its goals. The company's new strategy was to focus on high-
margin products and to become the world's leading manufacturer of personal care
products.
Kimberly-Clark's transformation from good to great is a classic example of the
power of "First Who... Then What." By focusing on getting the right people on
the bus, Smith was able to create a company that was able to achieve great things.
Here are some other examples of companies that have followed the "First Who...
Then What" approach:
• Walmart: Sam Walton was obsessed with hiring the right people. He
believed that the best way to build a great company was to start with great
people.
• Apple: Steve Jobs was also a master at hiring the right people. He was
always looking for people who were passionate about their work and who
were willing to think outside the box.
• Google: Larry Page and Sergey Brin were very selective about who they
hired at Google. They wanted to make sure that they had people who were
aligned with their vision for the company.
The "First Who... Then What" approach is not always easy, but it is essential for
building great companies. If you want to create a company that is truly great, you
need to start by getting the right people on the bus.
OR
b) Draw the Flywheel and label it appropriately.
3. Incubation: This is the stage where you are not making a lot of visible
progress. However, behind the scenes, you are building momentum and
laying the foundation for future success.
4. Acceleration: This is the stage where you start to see rapid progress. The
small improvements that you made in the accumulation stage start to
compound and you start to gain momentum.
5. Relentless Progress: This is the stage where you are on a roll. You are
making steady progress towards your goal and you are unstoppable.
The flywheel is a powerful metaphor for the process of building momentum.
If you are willing to work hard and make small improvements over time,
you will eventually achieve your goals.
Q4) a) What is the meaning of the term ‘Emotional Intelligence’. Why emotional
intelligence is important in all walks of the life.
OR
b) ‘Good is enemy of Great’ - discuss this statement considering the content
of the chapter ‘Good to Great’.
In the book Good to Great, Jim Collins argues that "good is the enemy
of great." This means that being good is not enough to achieve
greatness. In order to achieve greatness, companies need to be willing
to make changes and to take risks.
Collins found that the companies that made the biggest
transformations from good to great all had one thing in common:
they were willing to let go of the good in order to achieve the
great. They were not afraid to make changes, even if those
changes meant disrupting the status quo.
For example, Collins cites the example of Kimberly-Clark. In the early
1970s, Kimberly-Clark was a good company, but it was not great. It
was facing increasing competition from new entrants into the market.
The company's CEO, Darwin Smith, decided that the only way to
survive was to transform the company into a great company.
Smith started by letting go of the good. He fired the top 10% of his
management team and replaced them with people who shared his
vision for the company. He also created a rigorous selection
process for hiring new managers.
Once Smith had the right people in place, he started to make changes.
He focused on high-margin products and to become the world's
leading manufacturer of personal care products.
Kimberly-Clark's transformation from good to great is a classic
example of the power of letting go of the good in order to achieve
the great. By being willing to make changes, Kimberly-Clark was
able to become one of the most successful companies in the
world.
Here are some of the reasons why good can be the enemy of great:
• Good companies become complacent. When companies are good, they
often become complacent. They become satisfied with their current level of
performance and they are not motivated to make changes.
• Good companies are afraid to take risks. Good companies are often afraid
to take risks. They are afraid of making mistakes or of failing. This can
prevent them from making the changes that are necessary to achieve
greatness.
• Good companies are often too focused on the short-term. Good companies
are often too focused on the short-term. They are focused on meeting
quarterly earnings targets or on pleasing their shareholders. This can
prevent them from making the long-term investments that are necessary to
achieve greatness.
If you want to achieve greatness, you need to be willing to let go of
the good. You need to be willing to make changes, even if those
changes mean disrupting the status quo. You need to be willing to take
risks and to focus on the long-term. If you are willing to do these
things, you will be well on your way to achieving greatness.
Here are 5 laws from the book 21 Irrefutable Laws of Leadership by John C.
Maxwell:
1. The Law of the Lid: Your leadership is limited by your self-concept. This
means that your leadership ability is only as good as your belief in your own
ability to lead. If you don't believe in yourself, no one else will either.
2. The Law of Influence: The true measure of leadership is influence, nothing
more, nothing less. This means that leadership is not about titles or
positions. It's about the ability to influence others to get things done.
3. The Law of Respect: People naturally follow those they respect. This means
that if you want to be a leader, you need to earn the respect of those you
lead. Respect is earned through your words, your actions, and your results.
4. The Law of Magnetism: People are drawn to leaders who are positive,
enthusiastic, and passionate. This means that if you want to be a leader, you
need to be someone that people are drawn to. You need to be someone that
people want to follow.
5. The Law of Navigation: A leader's greatest responsibility is to define reality.
This means that leaders need to have a clear vision for the future and they
need to be able to communicate that vision to others. Leaders need to be
able to help others see what is possible.
These are just a few of the 21 laws of leadership that John C. Maxwell identifies in his
book. If you want to be a more effective leader, I encourage you to read the book
and learn more about these laws.
Here are some additional laws from the book:
• The Law of Empowerment: People naturally follow those who empower
them.
• The Law of Addition: The best leaders add value to others.
• The Law of the Big Picture: Leaders see the big picture and they understand
how their actions fit into the overall scheme of things.
• The Law of Timing: Timing is everything in leadership.
• The Law of Context: Leadership is situational. What works in one situation
may not work in another.
OR
b) Explain ‘5 dysfunctions of a team’ and how to overcome them.
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