question archive Chapter 1 - Developing Self-Awareness + An individual's risk orientation, tolerance of ambiguity and cognitive style are influenced by his or her locus of control
Chapter 1 - Developing Self-Awareness + An individual's risk orientation, tolerance of ambiguity and cognitive style are influenced by his or her locus of control
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Chapter 1 - Developing Self-Awareness
+ An individual's risk orientation, tolerance of ambiguity and cognitive style are influenced by his or her locus of control.
Discuss the role of locus of control (internal and external) for individuals in assessing risk and making decisions.
1. First, explain why students with a strong external locus of control may experience greater stress during final exams compared with other students with an internal locus of control.
2.Next, in a challenging Finance class, the professor gives students the option to take the final exam or to skip the final and accept their current grade. Kyle is a management student with a strong external locus of control, who has a B+ grade going into the final exam. Describe how Kyle's external locus of control and associated tolerance of ambiguity might influence his decision of whether or not to take the final exam.
3) Finally, explain how Carmen, a Management student with a strong internal locus of control, might respond in the same situation (i.e., having a B+ grade with the option to take or skip the exam) based upon her risk orientation. How might Carmen view the risk of raising or lowering her grade differently from Kyle?
Chapter 2 - Managing Personal Stress
4) First, explain the difference between coping mechanisms and resiliency strategies in managing the stress of multiple class projects due at the end of the semester.
5) Next, provide a specific example of a resiliency strategy that Fernanda, a management student who is nervous when speaking in front of groups, could use to help her to manage the stress associated with a group presentation for class.
6) Finally, explain how Fernanda could instead use a coping mechanism to respond to the stress of public speaking when one of her group members unexpectedly fails to show up for the team presentation
Chapter 3 - Solving Problems Analytically and Creatively (10 points)
One of the most critical skills for managers is problem solving. Yet, managers do not always choose the right problem solving approach.
Discuss differences between analytical and creative approaches to problem solving.
Consider the following example:
Your friend, Ryan, is a Business Law Major who is scheduled to graduate in Spring 2021 and is already in the process of applying to Law Schools for Fall 2021. After taking MGT 370 in the Fall Semester, Ryan realizes that he finds Management to be much more interesting than Business Law. When you suggest he consider switching his major to Management, he dismisses the idea, stating that his family expects him to graduate in Spring and move on to law school in the Fall.
7) First, describe the conceptual block that is illustrated by Ryan's reluctance to consider your suggestion.
8) Next, provide an example of a specific creative problem-solving strategy from Chapter 3 that you (as Ryan's friend) might use to help him overcome the conceptual block identified in part a.
9) Finally, explain how each of the four steps of the creative problem solving process (preparation, incubation, illumination and verification) can be applied to help Ryan to find a creative solution to his problem.
