How do mental models contribute to task conflicts?
What will be an ideal response?
Effective teams share accurate mental models—organized representations of key elements within a team's environment that team members share. If team members have the wrong mental models, which is particularly likely in teams under acute stress, their performance suffers. The similarity of team members' mental models matters, too. If team members have different ideas about how to do things, the team will fight over methods rather than focus on what needs to be done.
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An organization offering products different from those offered by another organization cannot
be considered competition for that company. Indicate whether the statement is true or false
In 2008, the Bear Stearns Company collapsed could not be saved and was sold to JP Morgan Chase for $10 per share, a price far below its pre-crisis 52-week high of $133.20 per share
Prior to the collapse, many of the company's employees had all of their retirement money invested only in Bear Stearns common stock. This was a very risky financial strategy for just such a reason: What if the company dissolves? What financial principle from Chapter 1 did they need to understand better? A) Risk and return go hand in hand. B) Nothing happens without a plan. C) The time value of money D) Stuff happens, the importance of liquidity.