Central Community College Management Financial Organizations Discussion

Question Description

INITIAL POST – No citations needed. Please answer the following:

Reflect on management as a whole, identify and briefly describe a concept that was especially relevant or meaningful. How did this concept challenge your understanding or prompt you to grow as a leader?

PART A – PLEASE RESPOND TO CLASSMATE DISCUSSION WHETHER YOU AGREE OR NOT & A DETAILED WHY: Managers are in the people business. Therefore, the ability to interact with people is a key skill. This includes teamwork, listening, oral and written communication, listening, negotiating, and persuading (JWMI, 2020).

Performance Management – Gallup defines “the purpose of performance management is to improve quality of work, productivity and other business outcomes.” (Comaford, 2018). Jack would say this is the key to winning (Welch & Welch, 2005). This includes leadership, differentiation, selecting A players, coaching, development, goal setting, empowerment, motivation, accountability, redeploying B/C players, team building, and ensuring there is cognitive diversity (JWMI, 2020).

Strategic – McKinsey (Jurevicius, 2013) defines strategy as “a plan developed by a firm to achieve sustained competitive advantage and successfully compete in the market.” For a manager, this includes aligning to the organization’s mission, vision, and goals; identifying strategic positions and skills; organizing teams; and creating culture.

PART B – PLEASE RESPOND TO CLASSMATE DISCUSSION WHETHER YOU AGREE OR NOT & A DETAILED WHY: I believe that the key skills of an effective manager aremotivating, decision making and communication. Communication involvesthe flow of information within the organization, whether formal orinformal, verbal or written, vertical or horizontal, and it facilitatessmooth functioning of the organization. A manager with goodcommunication skills can relate well with the employees and be able toachieve the company’s set goals and objectives easily. Managers make numerousdecisions, whether knowingly or not, and making decisions is a key component ina manager’s success. Making proper and right decisions results in success ofthe organization, while poor and bad decisions may lead to failure or poorperformance. The ability to motivate helps bring forth a desired behavior orresponse from the employees or certain stakeholders. All of these skills areimportant because its a managers job to make sure there is an active line ofcommunication open at all times, the decisions made must be precise andaccurate to the need and motivating your team of employees is what keeps ahappy work environment.

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