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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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| | [[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 == | | == 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 ("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://www.mindtools.com/asnydwg/managing-in-a-vuca-world Managing in a VUCA World], Mindtools.com |
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| | *[http://www.slideshare.net/dcaron/its-a-vuca-world-cips-cio-march-5-2009-draft VUCA slideshow] | | *[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] | | *[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 == | | == Self-management == |
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| | | | |
| | *[[Organizational skills]] | | *[[Organizational skills]] |
| | + | |
| | + | *[[Decision making]] |
| | + | |
| | + | == External links == |
| | + | |
| | + | *[https://www.toolshero.com/management/ Management], ToolsHero.com |
| | | | |
| | ==References== | | ==References== |