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BUSMHR 2292 Midterm 1 Questions and Answers with complete solution
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Social Loafing - ️️The more people on the team the easier it is to hide; Dependability, structure and clarity is a lot more difficult because there's more people to coordinate Google's 5 key characteristics to high performing teams? - ️️1. Dependability 2. Structure and clarity- Clarify...

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  • September 19, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
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BUSMHR 2292 Midterm 1
Social Loafing - ✔️✔️The more people on the team the easier it is to hide;
Dependability, structure and clarity is a lot more difficult because there's more people to
coordinate


Google's 5 key characteristics to high performing teams? - ✔️✔️1. Dependability
2. Structure and clarity- Clarifying team deliverables
3. Meaning
4. Impact
5. Psychological saftey- Feeling like you can approach or share your opinion and
showing vulnerability and bravery to speak up


Primary differences for profit oriented businesses deal with: - ✔️✔️Single or double
taxation
Liability sharing (2 types of liability)
Paperwork & legal costs

Ken Jennings question about artificial intelligence? - ✔️✔️What happens to society
when the world has all this artificial intelligence


Bruce Tuckman's Team Model - ✔️✔️1. Forming- Just meeting your team; There's a
need for a leader, no clear goals and deliverable for team, people don't know their roles
yet

2. Storming- Dividing up who will do what for the group

3. Norming- Working with the same group of people on a similar project; Reliance on
leader starts diminishing; leader is not needed to tell people what to do as it would've
been during the forming stages

4. Performing- Team is delivering results consistently

5. Adjourning-Everyone goes their separate ways

Note: Model is not linear, it is a circular motion; You don't have to start at a specific
place, the group can catch you up to speed as you join the performing stage

Goal: Have an understanding of the different stages to get get team to performing stage

,Groupthink - ✔️✔️An idea gets thrown out, and the consensus is collected; Someone
had the idea and everyone kind of just went along with it because they didn't mind

What are The five dysfunctions of a team book? - ✔️✔️1. Inattention to Results

2. Avoidance of accountability

3. Lack of commitment

4. Fear of conflict

5. Absence of trust

Stanford Study - ✔️✔️Did a study to prove that people can be manipulated by fake
news and can impact democracy

5 key steps to networking by Wesley Smith - ✔️✔️1. Organize contacts using Excel

2. Prioritize your closest connections

3. Do your research to ask great question

4. Follow-up and stay in touch

5. Find your champion

Who competed against Ken Jennings in TV show Jeopardy? - ✔️✔️IBM's Watson
super computer

What did the McKinsey case find about diversity? - ✔️✔️- Companies with gender and
ethnic diversity are 15% and 35% more likely to outperform those that don't

- Organizations with more female execs are more profitable

-Companies in the top quartile of e-board diversity had returns on the equity that were
53% higher than this in the bottom quartile

Biases in the workplace - ✔️✔️1. Unconscious: We all have our biases and we are
using them to make decisions without even knowing about it

2. Confirmation bias: if you have stereotype about someone, you seek out confirmation
on that bias, ad because you are seeking it out the likely hood that it becomes true is
higher

, 3. Beauty bias: 60% of CEOs in the U.S. are over 6ft tall.. but only 15% of people in the
world are over 6ft. "If they look better, they will do better"... they're mostly white males,
and fairly good looking

4. Affinity bias: "Similar to me bias"
- If you are affiliated in the same groups then a OSU alum recruiter for example, maybe
more likely to recruit OSU students because both are Buckeyes

5. Halo effect: Potentially getting over praised for doing mediocre work because there
was ONE time you did exceptionally well

6. Horns effect: Doing horrible in one thing, and then doing lots of good things. The
decision maker may only focus on that one bad thing

7. Attribution bias:
Something happens that is really good, then I take all the credit with PRIDE (It's all me)..
but should something bad happens we blame external factors (other people)

8. Recency effect: @ end of year during performance evaluation, the manager will
remember mostly how you finish vs. how you start

Ex. In an interview you should probably schedule the last quartile of interviews because
they will mostly remember towards the end of the day

ex. Deloitte: Did away with affinity groups

What is the key to networking as it pertains to resources according to Wes Smith? -
✔️✔️It's not about resources, it's about being resourceful

Success cycle - ✔️✔️Why/What
Beleive
Action
Results

SWOT Analysis - ✔️✔️Strengths, weaknesses, (Internal) & opportunity and threat
(external)

Facebook Anti-News Camping - ✔️✔️Facebook does fact checking

How much of the work that were currently doing can be automated according to the
McKinsey Report? - ✔️✔️30%

Paines Framework - ✔️✔️1. understand the facts:
the ethical issues, stakeholders, potential benefiting consequences

2. identifying relevant standards: company code of conduct, values

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