Primary differences for profit oriented businesses deal with: - answer-Single or double taxation
Liability sharing (2 types of liability)
Paperwork & legal costs
Ken Jennings question about artificial intelligence? - answer-What happens to society when the world has all this artificial intelli...
BUSMHR 2292 Midterm 1 Exam 2024
Primary differences for profit oriented businesses deal with: - answer-✔Single or
double taxation
Liability sharing (2 types of liability)
Paperwork & legal costs
Ken Jennings question about artificial intelligence? - answer-✔What happens to
society when the world has all this artificial intelligence
Google's 5 key characteristics to high performing teams? - answer-✔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
Bruce Tuckman's Team Model - answer-✔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
Social Loafing - answer-✔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
Groupthink - answer-✔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? - answer-✔1. Inattention to
Results
2. Avoidance of accountability
3. Lack of commitment
4. Fear of conflict
, 5. Absence of trust
Stanford Study - answer-✔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 - answer-✔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? - answer-✔IBM's
Watson super computer
What did the McKinsey case find about diversity? - answer-✔- 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
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