KEY-TERM
KEY-TERM
GROUP TERMS
1
1. Theory of Work Environment
Answer:
To effectively apply Herzberg's Two-Factor Theory, managers
should focus on both hygiene factors and motivators. Addressing
hygiene factors like fair compensation, job security, and effective
supervision can prevent dissatisfaction. However, to truly
motivate employees, managers should focus on motivators such
as recognition, challenging work, autonomy, responsibility, and
opportunities for growth. By combining these strategies,
managers can create a work environment that is both satisfying
and motivating, leading to higher employee morale, productivity,
and overall job performance.
Question 3. (SWOT Analysis) What role does SWOT Analysis play
in strategic decision-making?
Answer:
SWOT Analysis plays a crucial role in strategic decision-making
by providing a structured framework to assess an organization's
internal strengths and weaknesses and external opportunities and
threats. This helps decision-makers understand the current
situation, prioritize actions, and develop strategies that align with
the organization’s capabilities and the market environment. By
leveraging strengths, addressing weaknesses, capitalizing on
opportunities, and mitigating threats, SWOT ensures informed,
realistic, and goal-oriented decisions.
3 Question 1: (Maslow)
How does Maslow's hierarchy of needs influence
decision-making?
Answer:
Maslow's hierarchy of needs influences decision-making by
guiding individuals to prioritize actions based on the fulfillment of
unmet needs, progressing from physiological needs (basic
survival) and safety needs (security and stability) to social needs
(relationships and belonging), esteem needs (recognition and
respect), and ultimately self-actualization (personal growth and
purpose). In critical situations, decisions focus on fulfilling
physiological and safety needs to ensure survival and stability.
Once these are met, individuals shift focus to higher-level needs,
such as fostering connections, achieving recognition, or pursuing
meaningful goals. The framework balances immediate necessities
with aspirations for esteem and self-actualization, offering a
structured approach to making choices aligned with both current
priorities and long-term values.
Question 2: (SMART)
Can the SMART model be adapted for both personal and
professional decision-making? How?
Answer:
Yes, the SMART model can guide structured, actionable decisions
in both contexts. For personal goals, it helps break down
aspirations like improving health, finances, or habits into clear,
manageable steps. Professionally, it supports goal alignment with
organizational objectives, aids in project planning, and improves
accountability. By tailoring goals to suit resources, priorities, and
timelines in each setting, the model remains practical and
effective.
Question 3:
How can SCQA framework be applied in solving a business
case?
Answer:
The SCQA framework, which stands for Situation, Complication,
Question, and Answer, is a powerful tool in business analysis that
helps structure communication and problem-solving effectively.
Situation:
- Describe the Current State: Outline the business context,
relevant data, and background information.
Complication:
- Identify the Issues: Highlight the complications or
challenges that arise from the situation.
Question:
- Pose the Central Question: Frame the key question that
arises from the complications. What do we need to solve?
Answer:
- Provide Solutions: Offer potential solutions or
recommendations based on the analysis.
SCQA ensures clarity, focus, and logical flow, enabling teams to
break down complex problems into actionable solutions.
Answer:
Answer:
Answer:
5
Question 1: How does Fiedler's Contingency Model reveal the
fundamental misalignment between Vijay's leadership style and
the organizational context at Leman Highlander's Mumbai
office?