Vocab


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Flashcards 285
Language English
Category Micro-Economics
Level University
Created / Updated 06.10.2016 / 23.01.2018
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In the lattice organisation you can find growth by doing different roles, so you have new experiences, you a... new skills you t... into new networks. The world is less predictable than it was in the industrial age, so you stay relevant by acquiring a portfolio of t.... skills"

acquire new skills

tap into

transferable skills

In the past decade cloud computing has radically altered the way we work, but it’s the growth of the “h.. cloud” – a vast global p.... of freelancers who are available to w.. on d.... from remote locations on a mind-boggling array of digital tasks –which is really set to shake u.. the world of work.

“human cloud”

global pool

work on demand

shake up

In the Sustainment Phase, Phase IV, TMC developed a variety of tools to help leaders f... their practice and e.... their s.....

further

practice

enhance

skills

In western, individualistic cultures m.... has evolved as a process in which the third party does not make decisions for the d.... .

mediation

disputants

Indeed, a s.... found that executives, managers, and employees r... these five n... i.... among the six m... e.... motivators when the main objective of the exercise is retaining people.

survey found

rate these five nonfinancial incentives among the six most effective motivators

Indirect cultures prefer to d... with r... aspects first,

to deal with relational aspects

Individualists, on the other hand, may prefer an impartial o..., whose relationship to the team is remote-such as a Human Resource representative or external m.... .

impartial outsider

mediator

Individuals will have the freedom to p.... to the CEO without going through layers of management

pitch to

Informal studies identify small operational successes in global, c....-functional t... s... processes and i... initiatives etc.

cross-functional teams

selection processes and innovation initiatives

Instead of a traditional interview for s... roles at his company, the CEO takes a candidate out to dinner with a handful of other senior execs.

senior roles

 

Internal business leaders representing each of the business units and geographic areas were certified to coach individual leaders, informally track o... dynamics assess current and desired state of organizational c... identify specific opportunities and applications, and facilitate workout sessions and workshops.

organizational dynamics

organizational culture

Investing and building an internal capability first is key to a global effort. In selecting a practitioner pool/team, it is critical to select leaders from within the various lines of b... not support functions.

lines of business

Involvement and Role of Third P....

Third Parties

It also discovered that millennials are more likely to s.... and value f.... from their managers than members of other generations are.

seek and value feedback

It can safely be assumed that a relatively high percentage of the workforce comes from a social environment that is

c..... .

collectivist

It is becoming easier than ever for employers to k... an e... on their staff.

keep an eye on

It is easy to poke f.. at trying to capture human civilisation in a three-pointed diagram and producing a guide to b... s.... (Geschäftsstrategie) from it. Cultures are hard to pin d... .

poke fun at

business strategy

pin down

It is PepsiCo’s goal that every employee treats others with r.... and fairness demonstrating s..... to differences and a... for diverse p... and opinions.

respect

fairness

sensitivity to differences

appreciation for diverse perspectives and opinions

It never fails to c... people off-g....., and “really reveals what they think about their leadership style,” he says.

catch

off-guard (unachtsam)

It starts with identifying all key p.....

key players

It will go a l...  way to the e... productivity that is expected from a team that is performing well.

go a long way

enhanced productivity

It’s not just m... labour that’s ripe for automation: white-c...j... are also at risk as software becomes more sophisticated.

manual labour

white -collar jobs

Jennifer Deal of the Centre for Creative Leadership, an e....-training outfit and Alec Levenson of the University of Southern California studied 25,000 people

executive-training outfit,

Ken Moelis, the founder and CEO of Moelis & Co, an investment bank, likes to l... this unexpected question at freshly minted MBAs interviewing for m....-level p...

to lob

at freshly minted

mid-level positions

Large organisations have a huge challenge in attracting the millenial g..... to come and work for them.

millennial generation

Likewise for corporate do-g....: only 35% of millennials put a high emphasis on CSR

do-goodery

Listening is widely acknowledged as a key c.... prevention and r... skill .

key conflict prevention and resolution skill

Many areas of manual w... are being affected.

manual work

Many companies throw f... i.... at s...e..... (Finanzielle Anreize, erfahrene Fürhungskraft)

financial incentives at senior executives

McKinsey Global Institute predicted that, by 2025, robots could j... between 40m and 75m j.. w..

jeopardise (gefährden, aufs Spiel setzen)

jobs

worldwide

Messrs Hammerich and Lewis try to h.... it both w... by arguing

have it both ways

Mind-sets matter

Mind-sets = Denkweise, matter = Thema oder Angelegenheit

More than 90% of millennials said they wanted to receive their p... evaluations and to discuss their c.... plans face-t..-f.....

performance evaluations

career plans face-to-face

Moreover, by focusing exclusively on h... fliers, companies often o.... those “normal” performers who are nonetheless critical f... the success of any c..... effort.

high fliers, overlook, critical for, change effort.

Most literature on teams suggests that they realize high performance levels by passing through four distinct development phases: 'f.....', 's.....', 'n....' and 'p...'.

'forming','storming', 'norming' and 'performing'.

Negotiation is a means to satisfy  n.... .

satisfy needs

New Zealand is i...., while colectivism p.... the rest of the world.

individualistic

collectivism predominates

No serious business would dream of spending hundreds of millions buying a subsidiary without doing a t.... audit of i... books .

thorough audit of its books

Not only do employees respond well to this style of working, but corporations benefit too as it better equips them to c.... with the startups that are disrupting their business.

compete with

Nothing is more important for a firm’s survival than r... and retaining the next wave of  t.... .

recruiting

retaining

wave of talent