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Modern management model

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Business Guide : Successful Manager / Modern management model

New management model for the new knowledge economy of rampant change and rapid globalization.

"Good management cannot compensate for a lack of vitality." – Jean-Rene Fourtou, Chairman of Rhone-Poulenc

Leadership – the new managerial task

In the new era of rapid changes and knowledge-based enterprises, managerial work becomes increasingly a leadership task. Leadership is the primary force behind successful change. Leaders empower employees to act on the vision. They execute through inspiration and develop implementation capacity networks through a complex web of aligned relationship.

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Systems thinking

Your should master systems thinking if you wish to discover winning business synergies. Systems thinking focuses on the whole, not the parts, of a complex system. It concentrates on the interfaces and boundaries of components, on their connections and arrangement, on the potential for holistic systems to achieve results that are greater than the sum of the parts. Mastering systems thinking means overcoming the major obstacles to building the process-managed enterprise – for every business process is a whole system.

Systems thinking, the ability to see things holistically, including the many different types or relationships between the many elements in a complex system, characterizes many of the today's world's leading executives. Systems thinking focuses on the whole, not the parts, of a complex system. It concentrates on the interfaces and boundaries of components, on their connections and arrangement, on the potential for holistic systems to achieve results that are greater than the sum of the parts. Mastering systems thinking means overcoming the major obstacles to building the process-managed enterprise - for every business process is a whole system.

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Why new management model?

 The old traditional ways of managing not longer work and will never work again. The old management practice has been erected on the assumption of human limitations as a basis for organizing. This assumption is so pervasive that it can be found in almost every aspect of conventional managing, from the way we over-bureaucratize our organizations and control the workforce to the way we develop and impose strategies on others without their participation or consideration of their potential contribution.

In the new knowledge-driven economy, people have become your firm's most precious and underutilized resource. They are your firm's repository of knowledge and they are central to your company's competitive advantage. Well coached, and highly motivated people are critical to the development and execution of strategies, especially in today's faster-paced, more perplexing world, where top management alone can no longer assure your firm's competitiveness. At all levels, your company needs people who can deliver at the frontier of performance. They must understand where your company is going and be able to influence this path. They must share in your company's fortunes and be motivated to push for greater achievements.

New focus: managing business enablers

Modern managers focus their attention on three key business enablers: people, knowledge, and coherence. The ability of corporate management to influence the financial performance is greatly enhanced through these three enablers. This shift of focus goes well beyond the standard debate of long-term versus short-term focus of management. Management must make sure that all three of these enablers are in place and are working well... If they are, both short-term and long term performance are enhanced tremendously.

Effective managers need to coach

Bearing in mind the fast pace of business today and the need to stay competitive, it's essential that managers should be effective. They need to be especially effective with their people and this requires learning to coach. For most managers, coaching has been added to their role anyway, but the majority haven't received any training in coaching skills. More than 80% of organizations use coaching to develop their staff, but only a fifth train their managers in coaching, according to a survey by the Work Foundation.

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Neuro-Linguistic Programming (NLP) and the modern manager

Neuro-Linguistic Programming (NLP) is the psychology of excellence and the technology of achievement and success. In new era of rapid change, systemic innovation, knowledge enterprises, employee empowerment and creative teamwork, an increasing number of executives shift emphasis from classic control-based managerial practices to managing the web of relationships in their organizations. They realize that it is their expertise in building and maintaining harmonic relationships between workers and managers, between employees and customers that makes the difference and helps their companies to achieve sustainable growth. If you wish to be a new manager, you must understand that your art of working with other people is the most important one you should master, and your capability of influencing others and motivating them to achieve corporate goals is the most important manager's talent.

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Breakthrough ideas for the new economy

Harvard Economic Review Executive summary.

The best ideas related to the practice of management. If you know somebody has used them, don’t try to repeat. Simply consider them, debate them and let them inspire your own thinking!

  1. Creativity Index
    It was proved that every nation has it’s own creativity index – i.e. there are natural limits for creativity for every nation.
  2. Monopoly on Creativity
    What is nowadays’ key economic resource? It was proved that only creative people can “reach the moon” and make the company flourish.
  3. The Strategy is the Structure
    Traditionally it was strategy that dictated the structure of the organization that was designed to serve strategic goals. Now: the structure of organization can be more basic as it includes values and beliefs, shared by all the employees. One can choose strategy his/her company is best prepared for.
  4. Business on the Brain
    Your company know-how – is intellectual and creative potential of the people working there.
  5. Double-faced Colleagues
    To measure human character use the test for difference between the way he treats the powerless and the powerful.
  6. From MBA to MFA
    Finance is also an art! Why only “business”? There is a clear shift to understanding every sphere of our life as a kind of art with it’s own criteria for beauty and it’s own rules of creativity.
  7. Positive Thinking
    Accentuate the positive factors while studying workplace behavior. Don’t concentrate just on conflicts, abuse, greed, distrust and poor morale. Use the power of positive thinking!
  8. The Use of Giving Alms
    There is no use giving alms to those who need assistance. Why should you be too much compassionate to people who are just looking for 2-3 “coaching” words to find their own way/ solution?
  9. Social Networks (SN) and Modern Companies
    SN – is a major capital of the company. They may help to leverage real people’s interactions for everything from trend spotting by scouring public conversations to identifying internal experts within a department to ensuring that a manager actually results in cooperation among employees.
  10. Laughter - the Best Consultant
    You can learn a lot about the company by paying attention to its humor. Very often people tell jokes as a way of revealing uncomfortable truths.
  11. Watch Your Back!
    Paradox, but only few companies have full-scale risk-management program. Don’t forget, that business is like driving a car: you can go fast only if you know you have good brakes!
  12. Management and the Self
    New generation style of management – is self-management and self-coaching. You can’t change the others and the world around without changing yourself. So start with your own consciousness.

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