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| | == Management skills articles == | | == Management skills articles == |
| − | | + | [[File:Management skills.jpg|thumbnail|right|450px|Effective managers have to have a variety of skills and attributes in order to be successful. ]] |
| | *[https://corporatefinanceinstitute.com/resources/management/management-skills/ Management skills], Corporate Finance Institute | | *[https://corporatefinanceinstitute.com/resources/management/management-skills/ Management skills], Corporate Finance Institute |
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| | == Management by objectives == | | == Management by objectives == |
| − | [[File:Success target.png|thumbnail|right|250px|SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound.<ref>[https://www.mindtools.com/a4wo118/smart-goals SMART Goals]</ref>]]
| + | ''See also:'' [[Management by objectives]] and [[Goal setting]] |
| − | ''See also:'' [[Goal setting]] | |
| | | | |
| | Management by objectives (MBO) is a process where a manager and employee agree on goals and then develop a plan to achieve them. The goal is to align objectives throughout an organization and increase employee participation and commitment. MBO is a strategic approach to enhance the performance of an organization. | | Management by objectives (MBO) is a process where a manager and employee agree on goals and then develop a plan to achieve them. The goal is to align objectives throughout an organization and increase employee participation and commitment. MBO is a strategic approach to enhance the performance of an organization. |
| | | | |
| | === Steps in the MBO process === | | === Steps in the MBO process === |
| − | | + | [[File:Success target.png|thumbnail|right|250px|SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound.<ref>[https://www.mindtools.com/a4wo118/smart-goals SMART Goals]</ref>]] |
| | '''1.''' Set goals | | '''1.''' Set goals |
| | | | |
| − | '''2.''' Set realistic goals | + | '''2.''' Set realistic goals. SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound.<ref>[https://www.mindtools.com/a4wo118/smart-goals SMART Goals]</ref> |
| | | | |
| | '''3.''' Jointly participate in [[goal setting]], planning, and controlling | | '''3.''' Jointly participate in [[goal setting]], planning, and controlling |
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| | '''3.''' Operational or Individual: Specific objectives belonging to an individual | | '''3.''' Operational or Individual: Specific objectives belonging to an individual |
| | + | |
| | + | == Organizational execution == |
| | + | |
| | + | ''See also:'' [[Organizational execution]] and [[Business execution]] |
| | + | |
| | + | [[Organizational execution]], also known as strategy execution, is the process of translating an organization's strategic plans into concrete and actionable steps designed to achieve desired organizational outcomes. It's the necessary bridge between [[planning]] and actual performance. It insures the organization's vision is not merely a vision statement and/or document but is actively implemented and realized.<ref>[https://www.google.com/search?q=organizational+execution&sca_esv=f4a507d3545d66d8&sxsrf=AE3TifMDzhEhw--2LulRhIPZFbN047V3ig%3A1755661534759&ei=3kSlaPuMLreGptQP653xsAk&ved=0ahUKEwj78__wvJiPAxU3g4kEHetOHJYQ4dUDCBA&uact=5&oq=organizational+execution&gs_lp=Egxnd3Mtd2l6LXNlcnAiGG9yZ2FuaXphdGlvbmFsIGV4ZWN1dGlvbjIEECMYJzIEEAAYHjIGEAAYCBgeMgYQABgIGB4yBhAAGAgYHjIGEAAYCBgeMgYQABgIGB4yCxAAGIAEGIYDGIoFMgsQABiABBiGAxiKBTIFEAAY7wVIoTFQAFjnJ3AAeAGQAQCYAZ0BoAHvDqoBBDAuMTW4AQPIAQD4AQGYAg-gAqYPwgIKECMY8AUYsAIYJ8ICDRAAGIAEGLEDGIMBGA3CAgYQABgHGB7CAgoQLhiABBixAxgNwgIKEC4YgAQY1AIYDcICChAAGIAEGLEDGA3CAgcQABiABBgNwgIIEAAYgAQYogTCAggQABiiBBiJBcICCBAAGAgYDRgewgIHECMYsAIYJ8ICCBAAGAcYCBgemAMAkgcEMC4xNaAHh2qyBwQwLjE1uAemD8IHBTAuNi45yAcx&sclient=gws-wiz-serp Organizational execution]</ref><ref>[https://www.google.com/search?q=strategy+execution&sca_esv=f4a507d3545d66d8&sxsrf=AE3TifMjuFsIi8bEMzsSP_DB5W5EnJijmg%3A1755661510374&ei=xkSlaNbRFoWbptQP3cHpyAo&ved=0ahUKEwjWzK_lvJiPAxWFjYkEHd1gGqkQ4dUDCBA&uact=5&oq=strategy+execution&gs_lp=Egxnd3Mtd2l6LXNlcnAiEnN0cmF0ZWd5IGV4ZWN1dGlvbjILEAAYgAQYkQIYigUyBhAAGAcYHjIGEAAYBxgeMgYQABgHGB4yBhAAGAcYHjIGEAAYBxgeMgYQABgHGB4yBhAAGAcYHjIGEAAYBxgeMgYQABgHGB5IgR5QAFjrGXAAeAGQAQCYAd8BoAHnCaoBBTAuOC4xuAEDyAEA-AEBmAIHoAKqB8ICChAjGPAFGLACGCfCAg0QABiABBixAxiDARgNwgIKEC4YgAQYsQMYDcICChAuGIAEGNQCGA3CAgoQABiABBixAxgNwgIHEAAYgAQYDZgDAJIHAzAuN6AH1T6yBwMwLje4B6oHwgcDMi03yAcd&sclient=gws-wiz-serp Strategy execution]</ref> |
| | + | |
| | + | Effective execution involves aligning the organization's structure, processes, and culture with its strategic goals, and cultivating a clear understanding of roles and responsibilities and accountability throughout the organization. It involves implementing the chosen strategy/strategies, monitoring progress, and making the required adjustments. Effectively executing a strategy is crucial for organizational success, as it bridges the gap between planning and achieving actual results.<ref>[https://www.google.com/search?q=organizational+execution&sca_esv=f4a507d3545d66d8&sxsrf=AE3TifMDzhEhw--2LulRhIPZFbN047V3ig%3A1755661534759&ei=3kSlaPuMLreGptQP653xsAk&ved=0ahUKEwj78__wvJiPAxU3g4kEHetOHJYQ4dUDCBA&uact=5&oq=organizational+execution&gs_lp=Egxnd3Mtd2l6LXNlcnAiGG9yZ2FuaXphdGlvbmFsIGV4ZWN1dGlvbjIEECMYJzIEEAAYHjIGEAAYCBgeMgYQABgIGB4yBhAAGAgYHjIGEAAYCBgeMgYQABgIGB4yCxAAGIAEGIYDGIoFMgsQABiABBiGAxiKBTIFEAAY7wVIoTFQAFjnJ3AAeAGQAQCYAZ0BoAHvDqoBBDAuMTW4AQPIAQD4AQGYAg-gAqYPwgIKECMY8AUYsAIYJ8ICDRAAGIAEGLEDGIMBGA3CAgYQABgHGB7CAgoQLhiABBixAxgNwgIKEC4YgAQY1AIYDcICChAAGIAEGLEDGA3CAgcQABiABBgNwgIIEAAYgAQYogTCAggQABiiBBiJBcICCBAAGAgYDRgewgIHECMYsAIYJ8ICCBAAGAcYCBgemAMAkgcEMC4xNaAHh2qyBwQwLjE1uAemD8IHBTAuNi45yAcx&sclient=gws-wiz-serp Organizational execution]</ref><ref>[https://www.google.com/search?q=strategy+execution&sca_esv=f4a507d3545d66d8&sxsrf=AE3TifMjuFsIi8bEMzsSP_DB5W5EnJijmg%3A1755661510374&ei=xkSlaNbRFoWbptQP3cHpyAo&ved=0ahUKEwjWzK_lvJiPAxWFjYkEHd1gGqkQ4dUDCBA&uact=5&oq=strategy+execution&gs_lp=Egxnd3Mtd2l6LXNlcnAiEnN0cmF0ZWd5IGV4ZWN1dGlvbjILEAAYgAQYkQIYigUyBhAAGAcYHjIGEAAYBxgeMgYQABgHGB4yBhAAGAcYHjIGEAAYBxgeMgYQABgHGB4yBhAAGAcYHjIGEAAYBxgeMgYQABgHGB5IgR5QAFjrGXAAeAGQAQCYAd8BoAHnCaoBBTAuOC4xuAEDyAEA-AEBmAIHoAKqB8ICChAjGPAFGLACGCfCAg0QABiABBixAxiDARgNwgIKEC4YgAQYsQMYDcICChAuGIAEGNQCGA3CAgoQABiABBixAxgNwgIHEAAYgAQYDZgDAJIHAzAuN6AH1T6yBwMwLje4B6oHwgcDMi03yAcd&sclient=gws-wiz-serp Strategy execution]</ref> |
| | + | |
| | + | Organization execution incorporates having both an [[action orientation]] and a [[results orientation]]. |
| | | | |
| | == Team management == | | == Team management == |
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| | ''See also:'' [[Team management]] | | ''See also:'' [[Team management]] |
| | | | |
| − | [[Team management]] is the process of organizing and coordinating a group of individuals to achieve a common goal. It involves [[teamwork skills]], [[communication skills]], [[Listening skills|active listening]], objective setting, performance setting, and creating a productive and positive culture. Team management also involves identifying problems and [[conflict resolution]] within a team. | + | [[Team management]] is the process of organizing and coordinating a group of individuals to achieve a common goal. It involves [[teamwork skills]], [[communication skills]], [[Listening skills|active listening]], objective setting, performance setting, and creating a productive and positive culture. Team management also involves identifying problems and [[conflict resolution]] within a team. |
| | + | |
| | + | == Change management == |
| | + | |
| | + | ''See also:'' [[Change management]] |
| | + | |
| | + | [[Change management]] is a systematic approach to dealing with the transition or transformation of a organization's goals, processes or technologies. The purpose of [[change]] management is to implement strategies for effecting change, controlling change and helping people to adapt to change."<ref>[https://www.techtarget.com/searchcio/definition/change-management#:~:text=Change%20management%20is%20a%20systematic,people%20to%20adapt%20to%20change. Change Management]</ref> |
| | + | |
| | + | == Managing in a VUCA environment == |
| | + | [[File:VUCA.jpg|thumbnail|right|300px|VUCA stands for volatility, uncertainty, complexity, and ambiguity. It describes the situation of constant, unpredictable change that is now the norm in certain industries and areas of the business world."<ref>[https://www.mindtools.com/asnydwg/managing-in-a-vuca-world Managing in a VUCA World]</ref>]] |
| | + | "VUCA stands for volatility, uncertainty, complexity, and ambiguity. It describes the situation of constant, unpredictable change that is now the norm in certain industries and areas of the business world."<ref>[https://www.mindtools.com/asnydwg/managing-in-a-vuca-world Managing in a VUCA World]</ref> |
| | + | |
| | + | *[https://www.mindtools.com/asnydwg/managing-in-a-vuca-world Managing in a VUCA World], Mindtools.com |
| | + | *[https://hbr.org/2014/01/what-vuca-really-means-for-you What VUCA Really Means for You], Harvard Business Review |
| | + | *[https://www.vuca-world.org/ VUCA world] |
| | + | *[https://www.techtarget.com/whatis/definition/VUCA-volatility-uncertainty-complexity-and-ambiguity What is VUCA (volatility, uncertainty, complexity and ambiguity)?], Techtarget.com |
| | + | *[http://www.slideshare.net/dcaron/its-a-vuca-world-cips-cio-march-5-2009-draft VUCA slideshow] |
| | + | *[http://www.au.af.mil/au/awc/awcgate/ndu/strat-ldr-dm/pt1ch2.html VUCA and decision making] |
| | + | |
| | + | === Effective decision making in a VUCA world === |
| | + | |
| | + | *[https://www.crenshawassociates.com/blog/effective-decision-making-in-a-vuca-environment Effective Decision-Making in a VUCA Environment], Crenshaw Associates |
| | + | *[https://www.forbes.com/sites/eriklarson/2021/12/28/is-vuca-really-the-enemy-of-good-decision-making/ Is VUCA Really The Enemy Of Good Decision-Making?], Forbes, 2021 |
| | + | |
| | + | == Self-management == |
| | + | |
| | + | ''See also:'' [[Self-management]] |
| | + | |
| | + | [[Self-management]] is one's ability to regulate your behaviors, thoughts, and emotions in an optimally productive way. This means excelling in both personal and professional responsibilities for the benefit of yourself and others.<ref>[https://asana.com/resources/self-management What is self-management? (7 skills to improve it)], Asana</ref> |
| | | | |
| | == Management quotes == | | == Management quotes == |
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| | *"The way management treats associates is exactly how the associates will treat the customers." — Sam Walton | | *"The way management treats associates is exactly how the associates will treat the customers." — Sam Walton |
| | + | |
| | + | == Books on management == |
| | + | |
| | + | *''[[Winning by Jack Welch with Suzy Welch|Winning]]'' by Jack Welch with Suzy Welch. Harper Business; First Edition (April 1, 2005) |
| | + | *''Execution: The Discipline of Getting Things Done'' by Larry Bossidy, Ram Charan and Charles Burck. Crown Currency; 1st edition (June 15, 2002) |
| | + | *''The New One Minute Manager'' by Ken Blanchard and Spencer Johnson M.D. William Morrow; 1st edition (May 5, 2015) |
| | + | *''First, Break All the Rules: What the World's Greatest Managers Do Differently'' by Marcus Buckingham and Gallup Organization. Gallup Pr; 1st edition (May 1, 2016) |
| | + | *''Getting Things Done: The Art of Stress-Free Productivity'' by David Allen. Penguin Books; Revised ed. edition (March 17, 2015) |
| | + | *''The Essential Drucker: The Best of Sixty Years of Peter Drucker's Essential Writings on Management'' (Collins Business Essentials) by Peter F. Drucker. Harper Business; Reissue edition (July 22, 2008) |
| | | | |
| | == See also == | | == See also == |
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| | | | |
| | *[[Organizational skills]] | | *[[Organizational skills]] |
| | + | |
| | + | *[[Decision making]] |
| | + | |
| | + | == External links == |
| | + | |
| | + | *[https://www.toolshero.com/management/ Management], ToolsHero.com |
| | | | |
| | ==References== | | ==References== |