March 18

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Business Strategy: Understanding Leading and Managing Part 2

YOUR BUSINESS RESCUE COACH ASKS YOU:
Do you know what leaders really do?
Why are managers sticklers for detail?

Are your Best Business Strategies working for you OR do you need a little tweak? Let’s see if we can help you tweak your own performance this week with some personal awarenesses and business strategies to managing more effectively and efficiently.

Puzzle pieces fitting
Merging Leading and Managing

Please review last week’s post of our oversimplified definitions of Leading and Managing. Leading is visionary and strategic. Whereas managing is controlling and tactical. All good managers are not necessarily good leaders and all good leaders are not necessarily good managers. However, I believe all great leaders are good managers 🙂

As children, we endlessly managed; thus, we tend to understand management in some basic aspects. Typically, our parents tend to be good managers of us children. They controlled what we did and when we did – sometimes to the minute detail and other times more casually. Either way, we were being managed by our parents. So let’s look at this and how it relates to the four basic functions of management…

Caution Entrepreneurs: If you don’t have a staff, this is still critical for your success because 1st) you are managing yourself, and 2nd) you are managing your business.

Oversimplifying Management’s 4 Basic Functions*

  1. Planning: Formulating future courses of action.
  2. Organizing: Deciding on hierarchical structure of the group/unit/business, etc.
  3. Leading: Serving as role models and adapting management styles as situations demand.
  4. Controlling: Comparing desired results with actual results and taking correction action as needed.

There are 4 other functions of a manager: Decision-making, Staffing, Communicating, and Motivating; however, I’d like for us to focus on the the 4 Basics Functions. So, think about each of the functions for a bit: Did your parents or any relative (a) plan what you were going to do, (2) teach you who was in control or who had authority to manage you, (3) show you how to do things by example and adapt their approach as needed to have the greatest impact on the situation, and (4) help you compare what you did an how you could do it better?

We are familiar with management because we were managed in our formative years. Yet, being an effective manager involves learning supporting skills to effectively performing each of the 8 functions of a manager! Yes, some people are blessed to have this skills and capabilities innately; however, we need managers to function effectively and efficiently so training in each of these areas is critical to a manager’s success. Why? As a manager, situations are changing from moment to moment. If you hold a solid expertise of the 8 functions, you will be able to serve your team and organization more effectively instead of trying to figure out how to get yourself out a mess because you weren’t the most effective in your managing of situations.

CAUTION#1: Mastery management CANNOT be done intuitively!

NOTE: Some of us perform well with our natural talents, but imagine how effective a manager could be with proper training? It’s actually quite amazing the difference it can make!

I need to mention that the percentage of each activity of the 4 basic management functions will change depending on which level a manager is and/or what phase of a project is being managed.

Business Rescue Coach’s Inquiry to YOU:

  1. Which one of the 4 Basic Management Functions is your strength? Why?
  2. Which one of the 4 Basic Management Functions is your weakness?Why?
  3. Which one of the 4 Basic Management Functions do you enjoy doing the least? Why?

There are no right or wrong answers. This is for your own awareness. Feel free to share your answers in the comment section – we have much to learn from each other 🙂

*Taken directly from Brilliant Breakthroughs Inc.’s YOUR Competitive Advantage Program. If you are interested in learning more about this program, please call or send a message in the comment section and I will be happy to follow-up with you shortly!

It can be all different this year…
if you plan to deliver different results in 2013!

If you or your business needs rescuing on this particular topic
or any other Business Strategies we have been discussing,
please reach out to Maggie (262) 716.7750   FYI: I’m in the Central Time Zone

Blessings of Success to YOU ~
The Business Rescue Coach, Maggie Mongan
Brilliant Breakthroughs, Inc.


Tags

4 Basic Management Functions, Best Business Strategies, Best Executive Coach, Best Small Business Coach, Brilliant Breakthroughs, leader definition, Maggie Mongan, management roles, manager definition, The Business Rescue Coach


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