Critical Thinking and Managerial Decision Making

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seminar4.pptx

MGMT 20135: CRITICAL THINKING AND MANAGERIAL DECISION-MAKING

Week 4 - Lecture

Outline

Important points about the course once more

Student presentations

Self-awareness

Johari Window

Self esteem, and

Self efficacy

Self-awareness and leadership

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Why self-awareness?

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Self-awareness

The most empowering thing you can do in your own life is know yourself. Self-awareness is the key to everything.

Mindy Grossman

Chief Executive Officer of HSN, Inc. 

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According to Chris Lowney, bestselling author of “Heroic Leadership”

“…leaders thrive by understanding who they are and what they value, by becoming aware of unhealthy blind spots or weaknesses that can derail them, and by cultivating the habit of continuous self-reflection and learning.”

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When the 75 members of Stanford Graduate School of Business’s Advisory Council were asked to recommend the most important capability for leaders to develop, their answer was nearly unanimous: self-awareness. Yet many leaders, especially those early in their careers, are trying so hard to establish themselves in the world that they leave little time for self-exploration. They strive to achieve success in tangible ways that are recognized in the external world—money, fame, power, status, or a rising stock price. Often their drive enables them to be professionally successful for a while, but they are unable to sustain that success. As they age, they may find something is missing in their lives and realize they are holding back from being the person they want to be. Knowing their authentic selves requires the courage and honesty to open up and examine their experiences. As they do so, leaders become more humane and willing to be vulnerable.

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Good Leaders Know Themselves

Watch YouTube Video on the importance on Knowing Yourself to be a good leader.

https://www.youtube.com/watch?v=eIUkzc9OOZ4

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Netflix

Co-founder Mitch Lowe reveals the people most likely to get hired — and fired

IF YOU utter this phrase at Netflix HQ, you’ll be out the door in no time — no matter who you are, or how senior your position is.

Alexis Carey

news.com.au

Speaking at the 2018 Online Retailer trade event, Netflix co-founder Mitch Lowe said the business was extremely focused on hiring the right people — and firing the wrong ones.

He said Netflix recruited people who were self-motivating, self-aware, self-disciplined and self-improving — and that employees needed to “behave like owners and pick up trash”.

https://www.news.com.au/finance/business/media/cofounder-mitch-lowe-reveals-the-people-most-likely-to-get-hired-and-fired/news-story/8ca48de53ad415c7588ebb006af774d0

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Self awareness – the core of good leadership

Meaning- Knowing one’s own

Attitudes - opinions

Feelings - emotions

Motives - purposes

Desires - needs

Strengths - weaknesses

Accurate self assessment

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Key areas of self awareness

Personality traits

Personal values

Habits

Emotions

Psychological needs

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How to create self awareness?

Seeking feedback from others

Reflecting on one’s own feelings and behaviours

Admitting mistakes

Being aware of your own emotions and the effect you are having on others

Taking self-scored “profiling” tests

Being introspective….

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Johari Window

The Johari window is a technique created in 1955 by Luft and Ingham, used to help people better understand their relationship with self and others.

When performing the exercise, subjects are given a list of 55 adjectives and pick five or six that they feel describe their own personality.

Peers of the subject are then given the same list, and each pick five or six adjectives that describe the subject.

These adjectives are then mapped onto a grid.

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Known to self Not known to self
Known to others OPEN- Known to me and known to others BLIND- Known to others but Not known to me
Not known to others HIDDEN- Known to Me but not known to others UNKNOWN- Neither known to me nor known to others.

Johari Window

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Minimum openness- Ineffective personality for good leadership

Open Blind
Hidden Dark

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More openness- More Effective personality for leadership

Open Blind
Hidden Dark

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How to widen the OPEN corner

Open Seeking Feedback Self Disclosure Practice New Behaviours Blind
Hidden Dark

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Self analysis

It involves asking our selves the following questions:

Do you like where you are and what you have become?

Have you ever wished that your life was different?

Can your relationships be improved?

Are you producing the results that you want?

And, Using psychological profiling instruments

Terms associated with self-awareness:

Self esteem

Self efficacy

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Self analysis

Think for a moment and identify:

The areas you normally excel

The areas you normally face difficulties

Kind of people, events, and things you like the most and those you dislike

The people, events that bring you happiness/sadness

The nature and extent of openness you have with others

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What makes you

Happy

What are your Strengths

What are your Beliefs

What are your Values

What motivates you, inspires you

What challenges you

What’s your passion , what’s your purpose?

What’s your EQ, what impact do you have on others

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Self esteem is based on your attitudes about yourself, such as:

Your value as a person

The job you do

Your achievements

How you think others see you

Your purpose in life

Your place in the world

Your potential for success

Your strengths and weaknesses

Your social status and how you relate to others

Your independence or ability to stand on your own feet

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High and low self esteem

High

Feeling of worth

Happy

Good

Confident

Courage

Results in motivation and drive to excel

Low

Feeling of helplessness

Lack of motivation

Depressed

Fear

Meaninglessness

https://www.facebook.com/ialwaysthinkprettythings

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Self efficacy

Advocated by Albert Bandura

Meaning: Belief in one’s own capability for accomplishment

It is a “Can do” attitude

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What does Self Efficacy theory say?

Individuals who believe their capacity to produce specific performance attainments:

Can have more active and self-determined life course.

Are not threatened by environment

Take adaptive action

Withstand stress

https://www.facebook.com/ialwaysthinkprettythings

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Individuals with high and low self efficacy are

High self efficacy

Active

Courageous

Competent

High self esteem

Optimism

High social integration

High motivation

More effort

Longer persistence of goals

Higher goals

Great results

Low self efficacy

Inactive

Fearful

Inefficient

Low self-esteem

Pessimism

Isolation

Low motivation

Low effort

Shorter persistence

Lower goals

Low results

https://www.facebook.com/ialwaysthinkprettythings

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Stephen Covey

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Daniel Goleman

Emotional Intelligence

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Self-awareness and leadership

You position yourself better

You surround yourself with people who complement you (NOT “Compliment”!)

Helps you know your boundaries

You are more confident [by following your own path]

You have a vision and a purpose

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Self awareness is a journey and not a destination

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Acknowledgement

Some slide content courtesy of:

Rajendra Krishnan, and

Madhujit Singh

{From Slideshare.net}

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