Manns Kaylee Management 370 "How Management Adds Value to an Organization" Jack Welch, then CEO of GE Company, turned this organization into an industrial icon. His idea of a mangers job was to, "express a vision, get buy-in, and implement it." With all these statements he did just that, by taking GE to a whole new level using the "Jack Welch Way." His type of management made worlds of differences to GE companys workers, stockholders, and business affiliates. His new style of thinking encompassed a respectable company and turned it into a powerhouse. Managers everywhere have the ability to add worth to their organization. Lets explore some of the ways Jack Welch, and all managers have/can add this value to corporations. Managers can open the door for their workforce. By allowing feedback to transpire between all levels of the workforce, managers are encouraging the possibilities for product improvement and innovation. If these ,,doors are being shut amongst business members, there is no corporation togetherness. All communication lines are closed and no ideas and feedback can be spread throughout the company. As Jack Welch said, "If you want to get the benefit of everything employees have then youve got to free them- make everyone a participant. Everybody has to know everything, so they can make the right decisions by themselves." By allowing workers to explore their intellect, this shows managements trust, making them feel as though they are a large part of the company and a huge responsibility for improvement lies with them. Giving workers the freedom to really take part in the business truly helps inspire many members to strive for excellence in the workplace, hence adding value to their area of business.
This excellence managers wish for employees to work towards comes from the inspiration by management. The empowering and rewarding of workers leads to limitless productivity; if workers feel taken for granted, they would not be motivated. You cannot replace people. Workers are your most important asset; often times underutilized. As Jack Welch said about the importance of empowering, "People are your firms repository of knowledge and they are central to your companys competitive advantage. Well educated, coached, and highly motivated people are critical to the development and execution of strategies . . ." Again, the empowerment of workers leads to advantage in that workers begin exploring their own visions, possibly fresh concepts. Along with empowering employees comes the need for a reward system designed for exceptional work. A reward system adds value to the company by motivating workers to achieve an incentive set by management. Everyone works better when there is a goal to accomplish. Such incentives may include: bonuses, vacations, stock options, reassignments, and promotions. Overall, managers can help better an organization by inspiring and rewarding employees for taking their inspirations and implanting them to increase business productivity. A large part of a managers value is their ability to lead an organization. After you have workers who are motivated inspired, and they need a leader. According to Jack Welch, there are five things a successful leader must do. First, leaders must learn to make their visions a reality. Once the ,,followers believe that these dreams and visions are possible, they will be more susceptible to tag along. Second, leaders must find a strategy and focus on that strategy. There may be different strategies within each level of business, but understanding these strategies is another job of the manager. Third, leaders
must not micromanage. Micromanagement is the process by which managers get caught up and obsess over the minutiae details. Leaders must see the big picture in order to accomplish their big vision. The fourth step in good leadership is to involve everyone and welcome ideas from everywhere. This fourth idea goes a long with empowering people to share their ideas. Anyone can become a leader, just as long as they contribute positively in sharing their new ideas. The fifth, and last way successful leaders manage their programs is leading by example. In order to spark others performance, you must lead by example. Managers should possess the capacity to lead. Through work ethic, overall performance, and trustworthiness a great leader can emerge. Without these special peoples ability to lead, many businesses may be lost. Imagine if people were to be motivated, have great ideas, but no one to put these ideas into action. The value of a company would sever without this person who guides and directs others by example. Along with this responsibility of being a leader, and taking action to better the workplace, managers must often times learn to manage less. It is very important that employees see the less formal side of managers, more of the friendly version. According to Welch, "We are constantly amazed by how much people will do when they are not told what to do by management." Managing less is managing better; this comes along with the idea that you must allow employees freedom. No one can stand to work for someone who views those below themselves as inferior, so managers must continue to show respect and confidence in those workers whom they are able to ,,boss around. By managing less, leaders can truly give their workers the gift of freedom in the workplace, a freedom that yields the growth of a business worth.
In conclusion, without managers in the work force, the train would jump off its tracks. Order would be lost and ideas would not be put to use. These ideas are what potentially add value, monetary and non-monetary to organizations. Without new innovations and the craftsmanship of these innovations companies would perish, and customers would find no value in these monogamous products. Managers are what hold the labor force together. They are the leaders who show those below them how to put thoughts into action. This leadership is priceless and without it business would suffer considerable losses.
Works CIted
Kotelnikov, Vadim. "Case Study: Creating an Extraordinary Organization." 25 Lessons from Jack Welch. http://www.1000ventures.com/business_guide/mgmt_newmodel_25lessons-welch.html#Boundarylessness.