Bosses in Hundreds of Occupations Can Learn from Joel Podolny

question 97

True/False

Bosses in hundreds of occupations can learn from Joel Podolny, former Dean of Yale School of Management and VP at Apple, spend more time showing your employees a little love.

Understand the relationship between the production of consumer goods and capital goods, and its impact on a nation's future growth rate.

Grasp the concept of marginal benefits and marginal costs, and their roles in determining the optimal output and resource allocation.

Understand the conditions under which an economy can achieve points beyond its production possibilities curve through international trade.

Recognize the factors that can cause the production possibilities curve to shift inward or outward.

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Definitions:

Firm-Specific Skills

Skills that are uniquely valuable to a particular company or organization, not easily transferable to other settings.

Core Employees

The essential, typically permanent, workforce critical to the operation and success of an organization.

Company Strategy

A planned set of actions that a company intends to undertake to achieve its organizational goals and improve its competitive position.

Strategic Knowledge Workers

Employees who possess specialized knowledge, skills, and abilities critical to the strategic direction and success of an organization.