Workshop Five - Management
- Management: direction and coordination of an organization's activities.
- Important Considerations
- The power of setting an example.
- Little or no room for genuine emotion.
- Need to compensate for deficiencies.
- Delegate responsibilities.
- Many small businesses are marginal, only barely surviving.
- Problems for Small Firms
- Limited resources and expertise.
- Large scope of responsibilities.
- Reality and perception of risk.
- Organizational Stages - Toward More Delegation
- Write job descriptions around individuals.
- Maintain some flexibility regarding treatment of individuals.
- Stroke ego of stars; extricate problems immediately.
- An exceptional product or service can provide a safety net.
- A great product AND great management: perfect together.
- Categories of Management Functions
- Planning, budgeting, and developing policies & procedures.
- Leading, motivating, empowerment, teamwork, communication.
- Organizing
- Unity of Command - each person receives directions from one supervisor.
- Chain of Command - a formal line of communication between employees and their supervisors.
- Line and staff organization.
- Controlling - establishing criteria and measuring performance.
- Time Management - 1. Keep a to-do list and 2. Do the items on the list.
- Outside Management Assistance - Industry organizations, professionals.