Although it’s not uncommon for new CEOs to rebuild their management team, what kind of message do you think it sends to employees?
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- Although it’s not uncommon for new CEOs to rebuild their management team, what kind of message do you think it sends to employees?
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- If you are a manager with an established track record and a company's well realized asset, would you still be able to consider, embrace and absorb other?You are the youngest person in your department, and you just got promoted to Department manager. Name two things you could do to make sure all your employees have confidence in your management and leadership. Then, discuss two things you should NOT do starting out in your new role.What skills are most important at each stage in a company's development? And is it important for a company's management to work well with its board of directors?
- Why do some organizations seem to have a new CEO every year or two, whereas others have top leaders who stay with the company for many years (e.g., John Chambers's nearly 20 years at Cisco)? What factors about the manager or about the company might account for this difference?According to the research in our text book, 26% of new managers feel they are unprepared to transition into management roles 58% of new managers don’t receive any training to help them make the transition 50% of first-time managers fail in that transition It seems moving to a management position isn’t easy as these statistics indicate. What could organizations do to make the transition into a management role easier? If you have found yourself making the transition from peer to manager, you know how difficult it can be. If you have not had that opportunity, you likely will at some point in your career. The below video gives some great practical advice on how to navigate this professional transition.There is no such thing as a “one-size-fits-all management theory”. What may work for one organization may not be relevant for another. Therefore, when one theory does not fit a particular situation, it is important to explore the option of developing a new theory that would lead in a new, more applicable direction. While some theories can stand the test of time, other theories may grow to be irrelevant and new theories will develop in their place. EXPLAIN.
- I Am Qualified, Why Not Me? Five years ago when Bobby Bret joined Crystal Productions as a junior accountant, he felt that he was on his way up. He had just graduated with a B+ average from college, where he was well liked by his peers and by the faculty and had been an officer in several student organizations. Bobby had shown a natural ability to get along with people as well as to get things done. He remembered what Roger Friedman, the controller at Crystal, had told him when he was hired: “I think you will do well here, Bobby. You’ve come highly recommended. You are the kind of guy that can expect to move right on up the ladder.” Bobby felt that he had done a good job at Crystal, and everybody seemed to like him. In addition, his performance appraisals had been excellent. However, after five years he was still a junior accountant. Hehad applied for two senior accountant positions that had opened, but they were both filled by people hired from outside the firm. When the…from the stament do you agree that managers should not be able to hire whomever they want ? Managers should not be able to hire whomever they want especially if there is a particular level that is needed within the company and their company needs. I agree that a manager should be able to hire someone that they feel would be the best fit for what they are looking for. I think that everyone should most definitely have a chance or an opportunity to prove themselves that they are capable of upholding the needs of the company. I think that if managers hire just anyone and then they might get themselves in a situation that may need to make sure that those agents or employees are up-trained enough to ensure that their needs are met. When we go down this route, we have to make sure that the employees have retained the information and the expectations that are needed to do the job at hand. I feel like managers who make sure that their expectations are clear and precise so they know the type…You’re the youngest person in your department, and you just got promoted to department manager? What steps could you take to make sure all your employees have confidence in your management and leadership?
- What are the two main theories in management field which have been used to explain the effect of the phenomenon that "in some public firms, the CEO is also the chairman of the board" on firm performance?Describe one management science tool, technique, or concept that you wish had been discussed (or, perhaps, discussed in more detail) in this course. Explain its potential usefulness to you and describe some of the problems that this tool might be able to solve for you. Explain why you think this tool is important enough that it might potentially nudge out some other topic that was covered in this course.Effective management is the cornerstone of successful organizations, encompassing a multitude of skills and strategies. It involves setting clear objectives, planning, organizing resources, leading teams, and controlling processes to achieve desired outcomes. Good managers must inspire their teams, provide guidance, and make tough decisions when necessary. One question to consider in the context of management is: How can organizations strike a balance between the need for strong, directive leadership and the encouragement of employee autonomy and creativity in today's rapidly changing business landscape?