Critical Thinking and Managerial Decision Makingpal
MGMT 20135: CRITICAL THINKING AND MANAGERIAL DECISION-MAKING
Week 4 - Lecture
Important points about the course once more
Self esteem, and
Self-awareness and leadership
The most empowering thing you can do in your own life is know yourself. Self-awareness is the key to everything.
Chief Executive Officer of HSN, Inc.
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.”
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.
Good Leaders Know Themselves
Watch YouTube Video on the importance on Knowing Yourself to be a good leader.
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.
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”.
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
Key areas of self awareness
How to create self awareness?
Seeking feedback from others
Reflecting on one’s own feelings and behaviours
Being aware of your own emotions and the effect you are having on others
Taking self-scored “profiling” tests
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.
|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.|
Minimum openness- Ineffective personality for good leadership
More openness- More Effective personality for leadership
How to widen the OPEN corner
|Open Seeking Feedback Self Disclosure Practice New Behaviours||Blind|
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:
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
What makes you
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
Self esteem is based on your attitudes about yourself, such as:
Your value as a person
The job you do
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
High and low self esteem
Feeling of worth
Results in motivation and drive to excel
Feeling of helplessness
Lack of motivation
Advocated by Albert Bandura
Meaning: Belief in one’s own capability for accomplishment
It is a “Can do” attitude
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
Individuals with high and low self efficacy are
High self efficacy
High self esteem
High social integration
Longer persistence of goals
Low self efficacy
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
Self awareness is a journey and not a destination
Some slide content courtesy of:
Rajendra Krishnan, and