Management means different things to different people at different intervals of time. The main function of any business manager is to create the right atmosphere for a supportive environment.
There is no specific limit to the acquisition of knowledge and experience. Wisdom only follows thereafter. Change in itself, is no guarantee of efficiency. Thus, corporate changes should only be made in a sensible and timely manner. Strategies without core competencies are like change without progress.
The ability to recognise 'holes' in your knowledge, and find ways to 'plug' them, will propel your business. Otherwise, it's just as a jack-of-all-trades. Making decisions when lacking understanding or familiarity with the issues can lead to disastrous results.
Self-confidence is a prerequisite for building a business. But too much confidence may cause straying far. It may also cause acceptance of limitations without attempting to patch up knowledge gaps. Tapping on employees' expertise is one way of plugging the knowledge gaps.
Every company formulates its own management. In certain bureaucracies, nothing is negotiable. Create an open culture that facilitates the free exchange of ideas. It's important that executives are not brain-dead after years of bureaucratic pressure and autocratic rules.
The ability to change for the better requires the right frame of mind and strong will-power. Be the survivor who keeps his mouth shut, ears and eyes wide open, and develop a mind full of strategies. Change and flexibility are vital attributes. Significant change can only be implemented with commensurating corporate culture.
The key elements in management are decision-making, vision, strategy and time-management. Learn how to formulate a Business Plan, devise vision and mission statements, and other strategies. Understand the corporate culture, policies, objectives, management styles and apply more of common sense.
An idiot can make a simple task look complicated...., but it takes an expert to make a complex job look so simple. Be positive, develop political savvy as a protection, do smart work and maintain a healthy measure of emotional intelligence.
Remember, the state of mind will have a ripple effect on the subordinates. Put into practice the best techniques.
SHARED FROM ARTICLE BY P. GRIMSHAW
ACCOUNTANTS TODAY
BETTERLIFE, SEPTEMBER 2015
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