IMP - CFM IMP Question & Answers
IMP - CFM IMP Question & Answers
IMP - CFM IMP Question & Answers
me/mba_sppu
2. The basic four types of activities as per the habit of "Put First Things
First" are: important and urgent, important but not urgent, not
important but urgent, and not important and not urgent.
12. The statement is aligned with the Law of Legacy from John C.
Maxwell's "21 Irrefutable Laws of Leadership."
18. The habits from the private victory habits are personal habits that
contribute to individual effectiveness and personal growth.
21. The concept is associated with the Law of Process from John C.
Maxwell's "21 Irrefutable Laws of Leadership."
25. Habits from character and attitude are from the private victory
habits.
28. The lower an individual's ability to lead, the lower the lid on his
potential, referring to the Law of the Lid from John C. Maxwell's "21
Irrefutable Laws of Leadership."
29. Proactive people focus more on what they can control and influence
rather than reacting to external circumstances
[5 & 10 Marks]
1] what do you mean by self awareness.
Self-awareness refers to the ability to recognize and understand one's own
thoughts, feelings, beliefs, strengths, weaknesses, motivations, and
behaviors. It involves being mindful of one's own emotions, actions, and
impact on others, as well as having a clear understanding of one's values
and goals. Self-aware individuals are able to introspect, assess themselves
objectively, and make conscious decisions based on this understanding of
themselves.
2] What do you mean by being proactive ? how one can become more
proactive .
Being proactive means taking initiative and responsibility for one's actions
and circumstances rather than reacting passively to external events or
waiting for things to happen. Proactive individuals anticipate potential
challenges, identify opportunities for growth, and take action to shape their
own lives positively.
To become more proactive, one can:
1. Set Clear Goals: Define what you want to achieve and create a plan
to reach those goals. This helps in focusing your efforts and energy
towards specific outcomes.
2. Take Initiative: Instead of waiting for instructions or opportunities to
come your way, actively seek out ways to make things happen. Take
the first step towards your goals without being prompted.
3. Develop Problem-Solving Skills: Enhance your ability to identify
problems and find creative solutions. This involves thinking critically,
analyzing situations, and taking decisive action to address
challenges.
4. Manage Time Effectively: Prioritize tasks and allocate time efficiently
to ensure that important activities are completed promptly. Avoid
procrastination and stay organized to maximize productivity.
5. Embrace Responsibility: Accept accountability for your actions and
outcomes. Take ownership of your decisions and learn from both
successes and failures to continuously improve.
can excel at, organizations can align their resources, strategies, and
efforts towards a clear and compelling goal.
2. Sustainable Competitive Advantage: By identifying the intersection
of what they are passionate about, what they can be the best at, and
what drives their economic engine, organizations can develop a
sustainable competitive advantage. This enables them to
differentiate themselves in the market and outperform competitors
consistently.
3. Focus and Discipline: The Hedgehog Concept promotes focus and
discipline by encouraging organizations to prioritize activities that
are aligned with their core strengths and strategic objectives. This
helps prevent distractions, avoid dilution of resources, and maintain
consistency in performance over time.
4. Resilience and Adaptability: Organizations that embrace the
Hedgehog Concept are better equipped to navigate challenges and
changes in the business environment. By staying true to their core
identity and strengths, they can adapt to evolving market conditions
while remaining resilient and purpose-driven.
5. Organizational Alignment: The Hedgehog Concept fosters
alignment and cohesion within the organization by providing a
unifying framework for decision-making and resource allocation.
When everyone in the organization understands and embraces the
core principles of the Hedgehog Concept, it creates a shared sense
of purpose and direction that fuels collective efforts towards
greatness.
Overall, the Hedgehog Concept serves as a powerful guiding principle for
organizational transformation by helping companies identify their unique
strengths, passions, and economic drivers. By staying true to these core
principles and focusing relentlessly on what they can excel at,
organizations can unleash their full potential and achieve sustained
greatness.
9] As soon as people lose respect for you ,your influence over them will
disappear .do you agree with this ? justify your answer with the law of
influence and law of respect.
Yes, I agree with the statement that "As soon as people lose respect for
you, your influence over them will disappear." This idea aligns with both the
Law of Influence and the Law of Respect from John C. Maxwell's "21
Irrefutable Laws of Leadership."
The Law of Influence states that leadership is influence, nothing more,
nothing less. Influence is the currency of leadership, and it is built on trust,
credibility, and respect. When people respect a leader, they are more likely
to be influenced by them and follow their guidance willingly.
Similarly, the Law of Respect emphasizes the importance of earning
respect as a leader. Respect is not automatically granted based on a title
12] What are the barriers to empathy ? how can one developempathy.
Barriers to empathy can hinder our ability to understand and connect with
others' emotions. Some common barriers include:
1. Lack of Self-Awareness: Difficulty recognizing and understanding
our own emotions can make it challenging to empathize with others.
2. Prejudice and Stereotypes: Preconceived notions, biases, and
stereotypes about individuals or groups can distort our perception
and inhibit empathy.
3. Fear of Vulnerability: Fear of being vulnerable or emotionally
exposed may prevent us from fully empathizing with others'
emotions.
4. Emotional Overload: Being overwhelmed by our own emotions or
stress can limit our capacity to empathize with others' experiences.
13] What do you mean by Beging with the end mind ? what is it important
for leading an effective life ?*
"Begin with the end in mind" is a concept introduced by Stephen Covey in
his book "The 7 Habits of Highly Effective People." It refers to the practice of
starting with a clear understanding of your desired destination or outcome
before taking action. In other words, it means envisioning your goals and
objectives in detail before you begin the journey toward achieving them.
This principle is important for leading an effective life for several reasons:
1. Clarity of Purpose: Beginning with the end in mind helps you clarify
your values, priorities, and long-term objectives. By clearly defining
what success looks like for you, you can align your actions and
decisions with your overarching goals and aspirations.
2. Goal Setting: Starting with the end in mind allows you to set specific,
measurable, achievable, relevant, and time-bound (SMART) goals.
This strategic approach to goal setting increases your focus,
motivation, and accountability, making it more likely that you will
achieve your desired outcomes.
3. Strategic Planning: When you begin with the end in mind, you can
develop a roadmap or action plan to guide your efforts toward your
goals. This strategic planning process involves breaking down your
objectives into smaller, manageable steps and identifying the
resources, skills, and support needed to succeed.
4. Motivation and Persistence: Having a clear vision of your desired
end result provides motivation and inspiration to overcome
obstacles and persevere in the face of challenges. When you know
what you are working toward and why it matters to you, you are
more likely to stay focused and resilient in pursuing your dreams.
5. Alignment of Effort: Beginning with the end in mind facilitates
alignment of your actions and behaviors with your long-term
objectives. It helps you prioritize tasks, make informed decisions, and
allocate resources effectively, ensuring that your efforts are directed
toward activities that contribute to your ultimate success.
Overall, beginning with the end in mind is essential for leading an effective
life because it empowers you to take proactive control of your destiny,
make intentional choices, and create the future you desire. By starting with
a clear vision of where you want to go, you can chart a course for personal
and professional growth, fulfillment, and success.
14] Absence of trust among team members is basic reason for failure of
team do you agree with this ? what organisation can do to build trust
among team members . *
Yes, I agree that the absence of trust among team members is a
fundamental reason for the failure of a team. Trust is the foundation of
effective teamwork, communication, and collaboration. When trust is
lacking, it can lead to miscommunication, conflict, low morale, and
ultimately, the failure of the team to achieve its goals.
To build trust among team members, organizations can take several
proactive steps:
1. Lead by Example: Leaders should model trustworthiness, integrity,
and transparency in their actions and decisions. When leaders
demonstrate trustworthiness, it sets a positive example for team
members to follow.
2. Encourage Open Communication: Create a culture of open
communication where team members feel comfortable expressing
their thoughts, concerns, and ideas without fear of judgment or
reprisal. Encourage active listening and constructive feedback to
foster trust and understanding.
3. Establish Clear Expectations: Clearly define roles, responsibilities,
and expectations for each team member. When everyone
understands their role within the team and what is expected of them,
it promotes accountability and reliability, which are essential
components of trust.
4. Promote Collaboration: Encourage collaboration and teamwork by
providing opportunities for team members to work together on
projects and initiatives. Collaborative efforts build rapport, foster
mutual respect, and strengthen trust among team members.
5. Acknowledge and Appreciate Contributions: Recognize and
appreciate the efforts and contributions of team members.
Celebrate successes, milestones, and achievements as a team to
reinforce a sense of camaraderie and trust.
18] In the book Good to Great what is meant by first who ..then what
explain it eith appropriate example.
In Jim Collins' book "Good to Great," the concept of "First Who...Then What"
emphasizes the importance of getting the right people on board before
deciding on the direction or strategy of an organization. Collins argues that
great companies prioritize building a team of talented, motivated
individuals with the right character, values, and skills before making
strategic decisions about the company's future.
Here's how the concept works with an example:
Imagine a struggling company in the technology industry that wants to
transition from good to great. Instead of immediately focusing on
developing new products or entering new markets, the company's
leadership decides to prioritize hiring and developing a team of
exceptional individuals.
1. Identifying the Right People: The company's leaders recognize that
the key to success lies in assembling a team of talented, passionate
individuals who share the company's values and vision for the future.
They prioritize hiring people with a track record of excellence, strong
work ethic, and alignment with the company's culture.
2. Investing in Development: Once the right people are on board, the
company invests in developing their skills, fostering collaboration,
and creating a culture of excellence. They provide training,
26] what is it important for individual to sharpen the saw ? what are the
various ways adopted for sharpening the saw.
Sharpening the saw is a metaphor used by Stephen Covey in his book "The
7 Habits of Highly Effective People" to describe the importance of
self-renewal and personal growth. The metaphor refers to the idea of
taking proactive steps to maintain and improve one's physical, mental,
emotional, and spiritual well-being, similar to sharpening a dull saw blade
to enhance its effectiveness. Here's why it's important for individuals to
sharpen the saw:
1. Continuous Improvement: Sharpening the saw is essential for
personal and professional growth. It involves investing time and
effort in learning new skills, acquiring knowledge, and developing
competencies to stay relevant and competitive in a rapidly
changing world.
2. Preventing Burnout: Engaging in self-renewal activities helps
individuals recharge their batteries, reduce stress, and prevent
burnout. By taking time to rest, relax, and rejuvenate, individuals can
maintain a healthy work-life balance and sustain high levels of
energy and motivation.
3. Enhancing Effectiveness: Sharpening the saw improves individuals'
effectiveness and productivity by optimizing their physical, mental,
and emotional capacities. When individuals are well-rested, mentally
sharp, and emotionally balanced, they can perform at their best and
achieve greater levels of success in their endeavors.
4. Increasing Resilience: Regular self-renewal strengthens individuals'
resilience and ability to cope with challenges and setbacks. By
cultivating a strong foundation of well-being and self-care,
individuals can bounce back from adversity more quickly and
effectively, maintaining their equilibrium and sense of purpose in the
face of obstacles.
There are various ways individuals can sharpen the saw, including:
27] Discuss any three laws that according to you nare essential for being
a good leader .justify your answer.
Three essential laws for being a good leader, in my opinion, are:
1. The Law of Influence: Leadership is fundamentally about influence,
not authority or position. Leaders who possess the ability to positively
impact and inspire others, regardless of their formal title or role, are
more effective in rallying people around a shared vision, motivating
them to action, and achieving collective goals. Influence stems from
trust, credibility, and authenticity, as well as the ability to
28] Evaluate the four basic practices for creating a climate where the
truth is heard.
Creating a climate where the truth is heard is essential for fostering open
communication, trust, and transparency within an organization. Patrick
Lencioni, in his book "The Five Dysfunctions of a Team," outlines four basic
practices for creating such a climate:
1. Encourage Healthy Conflict: Healthy conflict involves constructive
disagreement and debate among team members. Leaders should
encourage open dialogue and diverse viewpoints, creating an
environment where team members feel safe to express their
opinions, challenge assumptions, and raise concerns without fear of
reprisal. By fostering a culture of healthy conflict, teams can surface
important issues, explore alternative perspectives, and make better
decisions based on a more complete understanding of the situation.
2. Demonstrate Vulnerability: Leaders play a crucial role in setting the
tone for open communication by demonstrating vulnerability and
humility. When leaders acknowledge their own limitations, mistakes,
and uncertainties, it creates a culture of psychological safety where
team members feel comfortable sharing their own vulnerabilities
and concerns. By modeling vulnerability, leaders encourage
authenticity, empathy, and trust, paving the way for honest and
transparent communication within the team.
3. Listen Actively: Active listening is essential for creating a climate
where the truth is heard. Leaders and team members should strive to
listen attentively, empathetically, and non-judgmentally to one
another's perspectives, concerns, and feedback. By practicing active
listening, individuals demonstrate respect, validation, and
understanding, fostering trust and rapport within the team. Leaders
should encourage and model active listening behaviors, such as
asking open-ended questions, paraphrasing, and summarizing, to
ensure that everyone's voice is heard and valued.
4. Provide Constructive Feedback: Feedback is a critical tool for
promoting continuous improvement and growth within the team.
Leaders should provide timely, specific, and actionable feedback to
team members, focusing on behaviors, performance, and outcomes
rather than personal characteristics. Constructive feedback should
29] Elaborate the concept of PUT first thing FIRST with the help of four
qudrants of effective time management.
Quadrant 1 Quadrant 2
Urgent and Important important but Not Urgent
(Do First) (Schedule)
Quadrant 3 Quadrant 4
Urgent but Not Important Not Urgent and Not Important
(Delegate or Limit) (Eliminate or Minimize)
The concept of "Put First Things First" is one of the seven habits outlined in
Stephen Covey's book "The 7 Habits of Highly Effective People." It
emphasizes the importance of prioritizing tasks and activities based on
their importance rather than their urgency. Covey introduces a time
management matrix consisting of four quadrants to help individuals
prioritize their time and focus on activities that align with their goals and
values.
Here's an elaboration of the concept of "Put First Things First" with the help
of the four quadrants of effective time management:
1. Quadrant 1: Urgent and Important (Do First): Activities in this
quadrant are both urgent and important, requiring immediate
attention and action. They are often crisis-driven or deadline-driven
tasks that demand immediate resolution, such as pressing
deadlines, emergencies, or critical issues. Examples include handling
urgent client requests, addressing unexpected problems, or
responding to time-sensitive issues. While it's necessary to address
tasks in this quadrant, spending too much time here can lead to
stress, burnout, and a reactive approach to work.
2. Quadrant 2: Important but Not Urgent (Schedule): Activities in this
quadrant are important for long-term success and fulfillment but are
not immediately pressing. They include proactive, goal-oriented
tasks that contribute to personal and professional growth, such as
strategic planning, relationship-building, skill development, and
self-care activities. Investing time in Quadrant 2 activities helps
individuals prevent crises, seize opportunities, and achieve their
long-term goals. By scheduling time for Quadrant 2 activities,
individuals can prioritize their most important priorities and focus on
activities that align with their values and objectives.
3. Quadrant 3: Urgent but Not Important (Delegate or Limit): Activities in
this quadrant are urgent but not important in the grand scheme of
things. They often involve interruptions, distractions, or minor tasks
that demand immediate attention but do not contribute significantly
to long-term goals or priorities. Examples include unnecessary
32] Explain in detail the signs for identifying flywheel and doom loop.
The flywheel and doom loop are concepts introduced by Jim Collins in his
book "Good to Great." They represent two different trajectories that
organizations can follow over time, leading to either sustained success or
decline. Here are the signs for identifying each:
Flywheel:
1. Cumulative Momentum: The flywheel concept is characterized by
the gradual accumulation of momentum over time. Instead of
Doom Loop:
1. Reactive Decision-Making: The doom loop is characterized by
reactive decision-making and short-term thinking. Organizations in
the doom loop often chase after fads, trends, or quick fixes in search
of immediate results, without considering the long-term
consequences. Signs of a doom loop include a lack of strategic
focus, frequent changes in direction, and a tendency to prioritize
short-term gains over sustainable growth.