Introduction To Management Part2
Introduction To Management Part2
Examples:
Managers in the figurehead role attend social event where they promote
their company.
Greeting a potential business client and giving a tour.
Leader
The leader role is the most pivotal as it shows to which extent a manager’s
potential is realized. Managers are in charge of their people's performance, which
may mean leading a team, a department, or an entire organization.
Example:
A manager sets a goal for the team and communicates his expectations,
making sure that people understand them. He monitors their progress and
provides feedback and resources if needed.
Liaison
Managers in the liaison role develop and maintain internal and external
relationships. They are a connection link that bridges the gap between employees
of different levels to ensure work is done smoothly. Liaisons transfer knowledge
through different members of the organization, up and down the chain of
command, and can also involve their business contacts from outside the
company.
Examples:
Monitor
In the monitor role, managers are expected to look for information necessary for
their organization, as well as for information that can concern potential industry
changes. They gather internal and external sources, trying to identify problems
and opportunities for growth. In other words, they scan the environment to
assess the current state of things in a company and see if corrective action is
needed.
Examples:
Seeking customer feedback to see how exactly you can improve your
products or services.
Monitoring industry trends, like products made by competitors or
government regulatory changes, in order to meet standards and stay on
track.
Disseminator
Receiving information from various sources, a manager in the disseminator role is
responsible for sharing it with those who may need it. This can be done in both
verbal and written forms.
A manager can pass on information directly to the appropriate person, or pass it
on between subordinates if they lack contact. The information can concern the
organization's direction or strategy, as well as specific technical issues.
Examples:
Spokesperson
Managers in a spokesperson role speak for their organization, defending the
company's interests. Their responsibility is to make the organization look good in
the eyes of potential or new clients and the general public.
Examples:
Examples:
Disturbance handler
A manager solves issues as they arise – like sales that grow too slowly, a client
breaking a contract, or valuable employees leaving. The task of the manager in
the disturbance handler role is to fix the problem, maintaining productivity.
Example:
Resource Allocator
The resource allocator role requires a manager to determine how and where to
apply organizational resources. By resources we mean equipment, staff, funding,
facilities, and time. Typically, the resources an organization has are limited, so it
takes some effort to decide how to best allocate them.
Example:
A manager divides funding between the departments of his organization,
based on their current and future needs.
A marketing manager divides funding between media advertizing and
promotions.
A resource manager distributes project workload across people.
Negotiator
Managers participate in negotiations, trying to reach their goals. This managerial
role includes negotiating with external parties, where they represent the interests
of their organizations, as well as negotiating with internal parties, such as other
departments or team members.
The better negotiation skills managers have, the higher their chances to come to
an agreement with customers, better organize the work process, and gain access
to more resources.
Examples:
1) Globalization of business:
Companies that experience saturation in local markets find new ways to promote
and sell their products in other territories of the globe where the laws, culture,
and customer needs differ. Businesses need to tackle globalization when they
expand their operations to other regions, dive into the markets and compete with
companies of that region. It helps them build new revenue sources. As businesses
begin to transact globally, you have to deal with the following:
Business ethics is about making the right choices, and social responsibility is about
making ethical decisions. Both elements assist businesses:
Environmental issues are a cause for concern, thereby increasing the need for
managers to protect and preserve natural resources by adopting renewable
energy sources, utilizing technologies that reduce energy consumption,
preserving the natural environment and habitat, and conserving water for future
benefits.
3) Workforce diversity:
5) Integrating advancements:
The business climate is evolving with best practices and advancements, and
organizations must make way for continuous learning to adapt to new concepts,
theories, strategies, and innovations. Adapting to technological advancements
enhances the business process, products, and manner of delivering services.
Failure to adapt to changes has led to the downfall of several leading businesses.
It would be best for organizations to recruit skilled individuals willing to
continuously learn, share ideas and knowledge, and work together as a team.
7) Knowledge management:
Time management is critical when you are working on multiple tasks or projects.
Effectively plan your time and control the amount of time you spend on specific
tasks to improve efficiency. You can develop your skills in effective time
management with practice by:
It offers:
Work-life balance
Improve your performance
Complete tasks within the timeframe
Reduces stress and boosts productivity and confidence
10) Deal with stress:
Work hours, fewer resources, and job insecurity significantly contribute to work-
related stress. It can lead to various health risks ranging from mild to potentially
serious health conditions. Adopt effective strategies to minimize stress: