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90 Cards in this Set

  • Front
  • Back

A process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.

Perception

Factors influencing perception

Situation


Perceiver


Target

Suggests that perceivers try to "attribute" the observed behavior to a type of cause: internal and external

Attribution Theory

Behavior is believed to be under the personal control of the individual.

Internal

The person is forced into the behavior by outside events/ causes

External

Determinants of Attribution

Distinctiveness


Consensus


Consistency

Whether an individual displays different behaviors in different situations.

Distinctiveness

Does everyone who faces a similar situation respond in the same way as the individual did.

Consensus

Does the person respond the same way over time.

Consistency

Attribution Errors

Fundamental attribution error


Self-Serving Bias

Tendency to underestimate the influence of external factors and overestimate that of internal factors

Fundamental attribution theory

Occurs when individuals overestimate their own (internal) influence on succession and overestimate the external influences on their failures.

Self-serving Bias

Shortcuts Used in Judging Others

Selective Perception


Halo Effect


Contrast Effect


Stereotyping

A perceptual filtering process based on interests, background, and attitude

Selective Perception

Drawing a general impression based on a single characteristics such intelligence, skillful

Halo Effect

Our reaction is influenced by others we have recently encountered (the contect of the observation) comparison

Contrast Effect

Judging someone on the basis of the perception of the group to which they belong.

Stereotyping

Rational Decision- Making Model

1. Define the problem


2. Identify the decision criteria


3. Allocate weights to the criteria


4. Develop the alternatives


5. Select the best alternatives

Constructing simplified models that extract the essential features from problems without capturing all their complexity.

Bounded Rationality

Common biases and errors

Overconfidence bias


Anchoring bias


Confirmation bias


Randomness bias


Availability bias


Escalation of commitment


Risk Aversion


Hindsights Bias

As managers and employees become more knowledgeable about an issue, the less likely they are to display.

Overconfidence bias

A tendency to fixate an initial information and fail to adequately adjust for subsequent information.

Anchoring bias

Seeking out information that reaffirms our past choices and discounting information that contradicts past judgements.

Confirmation bias

Believing that we can predict the outcome of random events

Randomness Errors

Basing judgements on information that is readily available

Availability bias

Staying with a decision even when there is clear evidence that it is wrong.

Escalation of Commitment

Referring a sure thing over a risky outcome.

Risk Aversion

Believing falsely that we could have predicted the outcome of an event after that outcome is already known

Hindsights bias

Ethical Frameworks for Decision Making

Utilitarian


Rights


Justice

A non-conscious process created out of distilled experience

Intuitive Decision Making

Awareness that a problem exists

Perception Influences

“The only definition of a leader is someone who has followers.”

Peter Drucker

“As we look ahead into the next century, leaders will be those who empower others.

Bill Gates

A process of social influence, which maximizes the efforts of others, towards the achievement of a goal.

Leadership

• Leadership Traits are innate.(Big 5 Model Traits) • Developed through Experience and Learning • Focuses on Personal Qualities and Characteristics. • Critics: “Too simplistic & futile.

Trait Theory

Traits that make Indra Nooyi a Great Leader:

Sociable


Agreeable


Emotional Stability


Open to Experiences


Conscientious


Theories that attempt to isolate behaviors that differentiate effective leaders form ineffective leaders

Behavioral Theories

The two studies

Ohio State Studies


Michigan Studies

Ohio Studies

Resulted in two dimensions: • Initiating structure • Consideration

Michigan Studies

Came up with two-dimensions of leadership behavior • Employee-oriented • Production-oriented

• Developed by Blake and Mouton • Based on “ concern for people “ and “ concern for production “ • Does not specify why a manger falls into one part or another grid

Managerial Grid

Different leadership behavior

Autocratic leadership


Democratic leadership


Supportive leadership


Achievement leadership


Laissez Faire leadership

Autocratic leadership

Classical leadership style


Adolf Hitler

Democratic leadership

Participative style


Carlos Ghosm

Supportive leadership

Path- goal theory


Steve Jobs

Achievement leadership

High level of skills


Abdul Kalam

Laissez Faire leadership

Hands off style


Warren Buffet

Contingency Theory

Fiedler's Model


Results of two factors


- Leadership Style


- Situational Control

LPC

Least Preferred Co-Worker

Path Goal Theory

House's Path Goal Theory

Characteristics of followers (Path Goal Theory)

Amount of experiences and knowledge


Needs


Personality

Leadership Style (Path Goal Theory)

Directive


Supportive


Participative


Achievement- Orientation

Characteristics of situation (Path Goal Theory)

Level of task structure


Authority of system


Nature of the group

Goal achievement (Path Goal Theory)

Follower satisfaction


Productivity


Rewards

Based on maturity of people they are leading

Heshey- Blanchard Leadership Theory

Leadership in Organizations

Transactional Leaders


Transformational Leaders

Leaders who guide or motivate their followers in the direction of established goals by clarifying role and task requirements.

Transactional Leaders

Inspire followers to transcend their own self-interests for the good of the organization; they can have a profound and extraordinary effect on followers.

Transformational Leaders

JCM

Job Characteristics Model

Five core dimensions of JCM

Skill Variety


Task Identity


Task Significance


Autonomy


Feedback

Motivating jobs must be

Autonomous


Provide Feedback


Have atleast three meaningfulness factors

How can job be redesigned?

Job Rotation


Job Enrichment

The periodic shifting of an employee from one task to another.

Job Rotation

Increasing the degree to which the worker controls the planning, execution and evaluation of the work.

Job Enrichment

Alternative work arrangements

Flextime


Job Sharing


Telecommunicating

Some discretion over when worker starts and leaves

Flextime

Two or more individuals split traditional job

Job Sharing

Work remotely at least two days per week

Telecommunicating

Social characteristics that improve job performance

Interdependence


Social Support


Interactions with other people outside the work

Work context also affects performance

Temperature


Noise


Safety

A participative process that uses the input of employees to increase their commitment to the organization's success

Employee Involvement

Employee Involvement

Participative Management


Representative Participation

Subordinates share a significant degree of decision-making power with superiors.

Participative Management

Workers are represented by a small group of employee who participate in decision.

Representative Participation

Need to establish a pay structure

Internal and external equity

The worth of the job to the organization.

Internal Equity

The external competitiveness of organization's pay relative to pay elsewhere in its industry.

External Equity

Variable pay programs

Piece-Rate Pay


Merit-Based Pay


Bonuses


Skill-Based Pay

More variable Pay Programs

Profit Sharing Plans


Gainsharing Plan


Employee Stock Ownership Plans (ESOPs)

What benefit to offer: Flexible benefit

Modular Plans


Core-Plus Plans


Flexible Spending Plans

A workers are paid a fixed sum for each unit of production completed

Piece-Rate Pay

Pay is based on individual performance appraisal ratings.

Merit-Based Pay

Rewards employees for recent performance.

Bonuses

Pay is based on skill acquired instead of job title or rank

Skill-Based Pay

Organization wide programs that distribute compensation based on an established formula designed around profitability.

Profit Sharing Plans

Compensation based on sharing or gains from improved productivity

Gainsharing Plans

Plans in which employees acquire stock, often at below market prices.

Employee Stock Ownership Plans

Predesigned packages to meet the needs of a specific group.

Modular plans

Core of essential benefits and menu of options to choose from

Core-Plus Plans

Full choice from menu of options

Flexible Spending Plans