How to Be a Good Manager in the 21th Century

How to be a intimately manager in the 21th century Nowadays, the role of a unspoilt and responsible manager gains a much spectacul arer importance than it did in preliminary years. These days its non totally about meeting a financial goal. A trade good manager should in every case be a amic fittedly-minded and caring person. Interpersonal skills should be viewed as essential as the decision-making- energy. This is operative due to the situation that the employees ar the key to a fortunate business. A ph cardinalr runs as good as its police squad and therefore its necessary to show respect for the employees and encourage and challenge them.A manager should also show his aggroup his appreciation and give ein truth individual the legal tender that he understands that he is doing something important for the social club. Thus, the employees confidence hap be built. The secret of running a successful business is to make true that the manager is a socially responsible person who has the ability to energize, influence and control and to adapt oneself to the companys value and culture. Jack Welch, former chief executive officer and chairman of GE, is universally recognized as the greatest CEO of his era.According to him, transp arency within a company is an important criterion which opens the doors for large success. Openness preserve hasten a positive impact on business process. Welch describes it in three aspects. First of all, employees bottom be winding in meetings and conferences where they can give their opinions without timidity. Someone with a voice can bring new ideas forward which are absolutely an advantage for the company. Secondly, it can advance the managers decisions. If new thoughts and ideas are get tell, they can be fix into practice much faster.Nowadays, many companies have to cope with high wedge due to business competition. Thus its essential to improve oneself constantly. For this priming coat new opinions and id eas can have a beneficial effect. Besides the fact that openness can be very time-saving, it also reduces costs. Thirdly, it therefore can be said that transparency adds to a companys benefit. At the same time, managers should be honest with employees so that they know exactly where theyre standing and whether they meet conditions. In former(a) words, employees have to be apprised about their roles within a company.This is extremely important for the clarity and openness in the corporate life and can be guaranteed through reparation approximation interviews in which the employee receives a feedback about his performance, strengths and weaknesses. A performance limited review enables the staff member to get a review of his work by which he can improve himself gradually for the coming months. Thus, it provides the opportunity to castigate expectations for the future both of the behaviors required of the individual as well as the results needed to be achieved.Since the appraisal interview is not a aslant method of being assessed, the manager should be rated by his staff as well. One the one hand, it ensures equality within the firm because both are evaluated. On the other hand, the manager obtains an overview of the employees concerns and needs. Considering these facts it can be said that appraisal interviews should play an important role and be a formal element of an on-going and active performance management process in a company that strives for transparency.In this context Jack Welch illustrates his 20-70-10 rule his point of view of differentiation, where the staff gets rank in three categories. The percentage represents the top, middling and failing employees of a company who should be treated according to Welch in different ways. The first 20%, which represents the best performers, deserve the best treatment for their efforts and achievements. Welchs approach is to retort the best 20% with bonuses, commendations and advanced training. The 70% repr esents the average employees.These ones are blue-chip for the company because they have the potentiality to become one of the best. So a managers duty is to promote and challenge expertise and spike personalities of the average 70%. The main goal is to watch the employees, identify the ones with the potential of career advancement and to support them. During this process, its important to motivate the pot and let them know that theyre part of the company. The last 10% are the poor performers, who have to be dismissed.Although the main principle of this rule seems to be very radical, it is according to Welch the managers duty to assign a role to the staff. A manager should show his employees how they can develop within the company and not confuse them by keeping this information secret. Nevertheless its satisfactory to fail sometimes. Making mistakes shows that one is actively doing something. After all, people are learning from experience and sometimes its necessary to fail in order to see reason. But occasionally the job demands a great deal of someone. Jack Welch is onvinced that theres no risk of getting burned out in an exciting job. Exhaustion can only be caused by a routine. Nevertheless, one must differentiate amidst important and less important things. A responsible manager should therefore primarily concentrate on major tasks with top priority while minor duties should be done at the very end. In this matter, Welch says its important to define clear goals if you essential to be a good manager. Its essential to know where youre standing right now, where you want to get and how you want to reach the goal.Particularly regarding competitors, it is necessary to have a clear target. Thats why a manager should be aware that other companies are striving for improvement as well. So resting on ones laurels should be avoided. If a company is very successful and belongs to the top ones, it doesnt mean that the other enterprises are not aiming at success. There are always others who are doing things break. In todays world it is therefore of great importance for a manager to pee a clear vision and set ambitious business objectives in order to make progress.In addition, its necessary to make sure that everyone works in the company shares that vision and strives for the same goals. Both aspects are very much interconnected and should always be viewed in direct relation. So it becomes obvious that the combination of a good manager and the right team leads to successful business. In his 4E-model, also called 4E of leadership, Jack Welch explains how to build the right team. The Es describe four characteristics that a manager should embody in order to achieve that. The first E stands for positive might. Welch says that individuals with energy turn in to go, go, go.These are people that are very optimistic, sociable and salutary of joie de vivre. A manager who is full of energy loves to work and never complain. The chip E represents t he ability to energize people and spark them to perform. The third E represents edge, meaning that those who have edge can come to terms with unassailable decisions and stay competitive. These characteristics are essential for a manager, and yet not sufficient. A capable manager must know how to transform energy and edge into action and results. Thats what the last E stands for a good manager knows how to execute.If a manger fulfills all these conditions, he finally should have the passion to perform. People, who have joy in their job, are automatically better in their profession. They love their job and want the employees to love it, too. This passion proves that theyve elect the right job and accomplish the role of a manager in a perfect way. Having taken all these factors into account, I come to the cultivation that someone who wants to be a good manager need to animadvert outside the box. These days its more than just about having the ability to control the progress of work. Beyond that its more important to have social skills in order to motivate people to work and being able to cope with conflicting situations. There is no doubt that experience is in this context the best teacher. One can learn from the boss but as well from the employees. Thus, a manager should be open-minded for any kind of criticism and consider the employees more as a team rather than only as manpower. Finally it can be said thatbringing enthusiasm to the job, building the right team and staying realistic are of central importance for being a successful manager in the 21th century. - 1 . Slater, Robert. Jack Welch and the G. E. Way Management Insights and Leadership Secrets of the Legendary CEO. peeled York McGraw-Hill, 1998. 2 . Welch, Jack and Suzy. Winning Das ist Management. New York/Frankfurt Campus Verlag, 2005. 3 . A new conversation with Jack Welch. 26 April 2011 . 4 . A new conversation with Jack Welch. 26 April 2011 . 5 . Krames, Jeffrey. Jack Welch and the 4Es of Leadership How to Put GEs Leadership Formula to hit in Your Organization. New York McGraw-Hill Professional, 2005.