Friday, 19 January 2018

ICFAI - Executive MBA - The 7 Habits of Highly Effective People

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Executive MBA
The 7 Habits of Highly Effective People
[ISBN: 978-1-4165-0249-4; Pocket Books, 2004]
Stephen R. Covey

Answer all questions

Question. 1.        Discuss why ‘interdependency’ is considered a vital factor for efficient leadership and effective teambuilding. Illustrate with examples.

Answer: Practically in any type of organization there are multiple people working on multiple projects. The basic fact of human nature is that every person will have certain good or outstanding qualities and some drawbacks. Interdependency is to take advantage of every individual’s good qualities to multiply the effect of an individual by using collective wisdom and efforts. To bring out maximum output from the available resources it is must that the leader works on the principal of interdependency .As Stephan Covey quotes in this book ‘It

Question. 2.        Discuss how developing a habit of empathic communication helps in developing an atmosphere of co-operation and co-ordination in an organization.

Answer: Many of us know people who have reached a certain point in their careers because of excellent technical abilities – but they somehow don't get along with team members, because they're less accomplished in their people skills.

This might be due to the insensitive manner in which they ask co-workers for things, the way they never seem to listen to what others say, or their intolerance for other methods of working.

Question. 3.        i. State how a habit of ‘beginning with the end in mind’ helps to develop ‘personal leadership’ in individuals that can help them to become more productive and successful.

Answer: When we begin with the end in mind, we have a personal direction to guide our daily activities, without which we will accomplish little toward our own goals. Beginning with the end in mind is part of the process of personal leadership, taking control of our own lives.

All things are created twice. We create them first in our minds, and then we work to bring them into physical existence. By taking control of our own first creation, we can write or re-write our own scripts, thus taking some control and responsibility for the outcome. We write or re-write our scripts using our imagination and conscience.

Question. ii.        Identify the important roles in your life and the long-term goals that you want to accomplish in each of those roles and prepare your own personal mission statement.

Answer:  You could probably recite the mission statement of your employer. But if someone asked you what your personal mission, vision and values are, would you be able to answer?

Maybe not right away. It takes effort to identify your ultimate goals, and imagine a bigger picture of how you could be living. That’s what the process of creating a topline strategy for yourself can do.

Personal Mission Statements

Question. 4.        i. Critically analyze how the habit of renewing the four basic dimensions of human nature – physical, mental, social/emotional and spiritual – helps a person to enhance his/her effectiveness?

Answer:  Habit 7 ”,Sharpen the Saw,” provides us with principles of balanced self-renewal such as the four dimensions of renewal. The principles provided are essential to enhancing and balancing your inner self.

The first dimension, physical, is so important because it deals with caring for our own bodies. This dimension really made me realize how vital making healthy decisions for my body can be. For individuals who are attending college, we tend to become very busy and do not find the time to exercise. Although physical activity should be at the top of my daily list of things to do, school and work usually take up most of my time which causes

Question. ii.        Considering the limited availability of time, is it really practical for a modern day manager to ‘sharpen the saw’ regularly? Express your views in this regard.

Answer: Sharpen the Saw means preserving and enhancing the greatest asset you have--you. It means having a balanced program for self-renewal in the four areas of your life: physical, social/emotional, mental, and spiritual. Here are some examples of activities:

Physical: Beneficial eating, exercising, and resting

Social/Emotional: Making social and meaningful connections with others

Mental: Learning, reading, writing, and teaching

Spiritual: Spending time in nature, expanding spiritual self through meditation, music, art, prayer, or service

As you renew yourself in each of the four areas, you create growth and change in your life. Sharpen the Saw keeps you fresh so you can continue to practice the other six habits. You increase your capacity to produce and handle the challenges around you. Without this renewal, the body becomes weak, the mind mechanical, the emotions raw, the spirit

Question. 5.        i. ‘The essence of effective time management is to organize and execute around balanced priorities.’ Justify the statement from the viewpoint of a manager.

Answer: Habit 1 - I am the Programmer.
Habit 2 - Write the Program.
Habit 3 - Execute the Program.

Habit 3 is Personal Management, the exercise of independent will to create a life congruent with your values, goals and mission. The fourth human endowment, Independent Will, is the ability to make decisions and choices and act upon them. Integrity is our ability to make and keep commitments to ourselves. Management involves developing the specific application of the ideas. We should lead from the right brain (creatively) and

Question. ii.        How can a manager increase P (production) and PC (production capacity) through effective delegation of duties and responsibilities?

Answer: Delegating is a great way to ensure that more tasks get done in less time, and it also builds team capacity. Unfortunately, a lot of managers don’t pay enough attention to the delegation process, and thus fail to reap the benefits. Are you a successful delegator?

There are six steps to successfully delegating tasks. The problem is that most managers only do one or two of them, and then, when a task isn’t completed to their satisfaction, complain that their employees aren’t good enough to get the job done.

As a coach, I’ve seen scores of executives from myriad

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