UGBA 10 SUCCESSFUL HABITS OF VISIONARY COMPANIES questions and answers graded A+

UGBA 10 SUCCESSFUL HABITS OF VISIONARY COMPANIES Is the critical issue for a company whether the company has the "right" or "likable" core ideology? If not, what does matter? - correct answer No; what matters is that the company HAS a core ideology that gives guidance and inspiration to people inside that company How can people be sure that the core ideologies of these visionary companies are more than just a bunch of nice-sounding platitudes? - correct answer 1. Social psychology research strongly indicates that when people publicly espouse a particular point of view, they are much more likely to behave consistently with that point of view even if they did not previously hold that point of view. 2. Visionary companies don't merely declare an ideology, they also take steps to make the ideology pervasive throughout the organization and transcend any individual leader To what extent do visionary companies indoctrinate employees into a core ideology than the comparison companies? - correct answer To the point that they are almost cult-like around the ideologies What do visionary companies do more than the comparison companies (non-visionary)? - correct answer 1. They more thoroughly indoctrinate new employees into the core ideology. 2. They more carefully nurtures and select senior management based on fit with a core ideology 2. They actin more consistent alignment with a core ideology The CEO of GE said that it was difficult to live with the tension between what and what, which made it hard to maintain and live their ideologies? - correct answer Numbers and values How did GE show to not have been in line with its ideologies? - correct answer Bid-rigging scheme with several utility companies in the 1950s How did P&G show to not be a perfect follower of its own "respect for the individual" ideology? - correct answer They tried to seize Cincinnati phone records in an attempt to track down internal sources who spoke to a WSJ reporter Do visionary companies put more emphasis on having and preserving the core ideology as a vital shaping force than the comparison companies? - correct answer Yes What is a key step to building a visionary company? - correct answer Articulate a core ideology Core Ideology = _________ + ________ - correct answer Core Values + Purpose What are the core values? - correct answer A set of general guiding principles that are the organization's essential and enduring tenets Should a company compromise its core values for financial gain or short-term expediency? - correct answer No What is a company's purpose? - correct answer The organization's fundamental reasons for existence beyond just making money What does IBM former Chief Executive believes is the real reason for the differences between success and failure? - correct answer How well the organization brings out the great energies and talents of its people What does the IBM former Chief Executive believe an organization must have to survive and achieve success? - correct answer A set of beliefs on which it premises all its policies and actions` Beliefs must always come before what? When must these things be altered? - correct answer Policies, practices, and goals; they must be altered if they are seen to violate fundamental beliefs In most cases the core value can be boiled down to what? - correct answer A "piercing" simplicity that provides substantial guidance How many core values do visionary companies usually have? Why is this? - correct answer 3-6; if you have more than 6, it would be hard to hold all of the values as totally core--as in never compromised. The core values you have are the ones you'd stick to regardless of what? Having more