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We highlighted the characteristics of both execution and innovation decision-making processes, noting that they
serve very different company purposes. At critical times, companies can mix and match these approaches
inappropriately. They may digress into creative conversations when disciplined executor-type processes are
required, or they may demand short, time-measured problem solving when creative methods and outcomes are
needed. While it may seem easy to differentiate when each should be used, noted scholar James March
underscored the difficulty when he framed the choice as a war between “exploitation” and “exploration.”
Exploitation is characterized by refinement, choice, production, efficiency, and implementation, while
exploration is typified by play, dream scenarios, experimentation, flexibility, discovery, and risk. Like two sides
of the brain, each functions differently and is uncomfortable in the other’s territory. However, neither can act as
a unified whole without the other. The paradoxical key, therefore, is not only to recognize which approach to
decision making is needed, but to be disciplined in applying that approach and to simultaneously be aware that
the complexities of a major issue may require the use of both along the way; you may need to shift from one
approach to the other and back again. It is an iterative process.
1. What are the five parts of the decision-making process?
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Expert Contribution on Work and Working in the Era of Globalization
Rabi S. Bhagat (University of Memphis)
The lion’s share of existing research on how globalization-related pressures create new types of stresses focus
primarily on the determinants of stresses, their prevention, and resolution. Western organizational scholars and
health professionals have been focusing on prevention and management of distress. The emphasis has been on
the pervasiveness of negative experiences that individuals have as they seek meaning and balance in their work
and non-work lives in the current era of globalization. However, there is a growing movement in organizations
in terms of identifying the presence of positive forms of stress that are associated with positive arousal, good
health, and peak performances. Consider the case of the late Steven Jobs (2011). Despite receiving a terminal
diagnosis of pancreatic cancer, he continued to inspire his associates in creating innovative products like iPods,
iPhones, iPads, etc. His lifestyle and his ways of coping with work-related challenges continued from the days
when he and his Apple co-founder Steve Wozniack started producing Macintosh machines from their garage in
1978. The type of continuous arousal and excitement that Steve Jobs experienced throughout his lifespan is
called “being in the zone” or “in the flow.” Time feels suspended and there is only pure joy and pleasure from
immersing into a productive activity in the context of one’s work-role. Research on the effects of positive work
stress energize an individual to perform at a peak level while at the same time manage the growing demands of
life at home. There are many instances where some individuals are likely to appraise a situation or event as
beneficial or as providing positive enhancement of their well-being. Feelings of intrinsic accomplishments
coupled with extrinsic rewards and recognition from one’s work organization and professional societies can
greatly enhance positive stress or “eustress.” Positive affect, meaningfulness, manageability, and hope are also
good indicators of eustress. Researchers working in the positive organizational scholarship tradition have been
emphasizing the role of positive behaviors in the workplace and that highlighting the positive aspects of work–
life is likely to enhance the experience of eustress. More experiences of eustress will certainly go a long way to
offset the dysfunctional consequences of working in the current era of globalization.
1. What are the seven primary, organizational consequences of rapid globalization?
Answer: The primary, organizational consequences of rapid globalization are:
2. What causes work-place stress, and give some example of this type of stress.
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Expert Contribution on Organization Change
W. Warner Burke (Teacher’s College, Columbia University)
In baseball, batting 300 is considered quite good. This average for success with organizational change is
unacceptable. We need to learn much more about how to deal with the enormous complexities of organization
change. Planning is necessary. We need a road map toward the change goals, but we must accept the