AEM1200_1201ToPost - AEM1200, Introduction to Business...

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Unformatted text preview: AEM1200, Introduction to Business Management. AEM1200, Monday 12/1 Leadership Leadership Corporate vision Intrinsic motivation Some Elements of Strategic Management Some Planning Michael Porter’s Five Forces Analysis SWOT Analysis Organizing Core competencies Leading Corporate vision Controlling Corporate culture The DuPont model Successful Leadership Successful • Communicates a Vision • Establishes Corporate Values • Promotes Corporate Ethics • Embraces Change The Process of Change Leadership The Strategic recognition Recognizing the need or opportunity for change The ability to see an objective, a better pattern or situation The ability to explain the new way, what its general The features are, and how to get there features This requires persuasion, convincing people of the need This persuasion convincing for change and of the gains it will yield for The commitment and ability to try for the distant and The difficult and not to turn back when the transition is not easy and performance suffers. and Vision Communication Courage Leadership Styles Leadership Autocratic Leadership Making managerial decisions without Making consulting others consulting Participative Leadership Democratic Managers and employees working Managers together to make decisions together Managers set objectives Employees are relatively free to do whatever it Employees takes to accomplish those objectives takes Free-rein Leadership Empowering Employees Empowering • Empowerment • Giving employees the authority and Giving responsibility to make decisions. responsibility • Enabling • Giving workers the education tools Giving needed to make decisions. needed Situational Leadership Situational Directing Leaders define the roles and tasks of the Leaders 'follower', and supervise them closely. Decisions are made by the leader and announced, so communication is largely one-way. Leaders still define roles and tasks, but Leaders seeks ideas and suggestions from the follower. Decisions remain the leader's prerogative, but communication is much more two-way. Leaders pass day-to-day decisions, such Leaders as task allocation and processes, to the follower. The leader facilitates and takes part in decisions, but control is with the follower. Leaders are still involved in decisions and Leaders problem-solving, but control is with the follower. The follower decides when and how the leader will be involved. Coaching Coaching Supporting Supporting Delegating Delegating Transformational Leadership Transformational The transformational leader is the leader who is able to The energize, align, and excite followers by providing a compelling vision of the future. compelling Significant characteristics (NOTE: from Howell and Significant Avolio, Journal of Applied Psychology, 1993) 1993) High on individual consideration; High on intellectual stimulation; High on charisma; Low on management by exception; Low on contingent rewards; Corporate Vision Corporate An explanation of why the organization exists An and where it’s trying to head; and A highly lucid story of an organization’s preferred highly future in action; future A snapshot of what the organization wants to be. Interesting vision statements Interesting The perfect search engine would understand exactly what you The mean and give back exactly what you want mean Google Apple Pepsi Nike Whole Foods Think different To be the catalyst of change for a whole generation To bring inspiration and innovation to every athlete in the world Whole foods, whole people, whole planet I would found an institution where any person can find would instruction in any study instruction Cornell University Alternatives Federal Credit Union Alternatives Our Vision is to build wealth and create economic opportunity for underserved people and communities. opportunity Our mission is to provide: Access to transactional services Access Savings and community investment opportunities Savings Capital investments to individuals, small businesses and nonprofits profits Education about capital Education Many bank at Alternatives because of our community focus and social change philosophy, while others have chosen us simply for our services. Our social mission is integrated into our economic mission, so for whatever reason, joining Alternatives Credit Union is making a choice towards a more economically just community. The Alternatives Credit Union is no ordinary financial institution. We are a community development credit union, member owned, locally controlled and self supporting. Our purpose is to meet the financial needs of the members of our community. We believe that by controlling the flow of funds within a small community, the community can build itself to suit its own needs and be more self-reliant. its Developing Vision, Mission and Value Statements Statements Developing the vision statement It should be vivid; It should reflect the culture of the organization; It should be a motivational statement. Center on purpose; Synchronize the mission statement with the strategic thrusts Synchronize of the organization; of Word the mission statement as to uniquely differentiate the Word organization. organization. Consider stakeholders’ values; State values that would drive members of the organization to State achieve the vision. achieve Developing the mission statement Developing the values statement Intrinsic motivation and beyond Intrinsic Intrinsic motivation The stimulation or drive stemming from within oneself Abraham Maslow’s “peak experience” Flow is that state we enter when the challenges we Flow face and our skill level match "just right." We're not so overly skilled we become anxious, nor are we so totally under challenged that we lose interest and disengage. When one is in a state of flow, one looses track of time. track Flow (Mihaly Csikszentmihalyi) Wisdom and third-loop learning Applying Flow to Organizations Applying An ideal organization is one in which each An worker’s potentialities find room for expression; worker’s Conditions for building flow in organizations Make organizational goals very clear; Make performance goals very clear; Feedback both from others and from the job itself; Matching challenges with skills. Advise to leaders: “Lose your selves” Takeaways Takeaways In order for a group or an organization to In achieve its objectives, it needs leadership. This leadership. leadership may be self-generated, or (more frequently) imparted by a motivated, selfless, leader of the group or organization; leader If the focus of your organization is clear, and If there is a match between organizational processes and that focus, employees will be satisfied and loyal, and will become better human beings. human ...
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