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Joel Podolny, Former Dean of the Yale School of Management

question 64

Multiple Choice

Joel Podolny, former dean of the Yale School of Management and VP at Apple believes that managers should

Comprehend the legal and regulatory environment affecting nonprofit organizations.
Understand the concept of trust theory and its relevance to leadership in nonprofit organizations.
Comprehend various organizational theories applicable to nonprofit organizations.
Analyze the strategic management processes within nonprofit organizations, including mission fulfillment and gap filling.

Definitions:

Myers-Briggs Type Indicator

A psychological assessment tool that categorizes individuals into personality types based on their preferences in perception and decision-making.

Utilitarian Principle

An ethical framework suggesting that the best course of action is the one that maximizes overall happiness or well-being and minimizes harm or suffering.

Ethical Decision Making

Ethical decision making is the process of choosing actions that are morally right and fair in various situations, often guided by ethical principles and values.

Trickle Down

An economic theory that suggests benefits for the wealthy will "trickle down" to everyone else, improving the economy as a whole by promoting investment and spending.

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