Effective Managers Importance in Business †Myassignmenthelp.Com

Question: What Is The Effective Managers Importance In Business? Answer: Introduction Effective managers are importance in a business, and their work is seen all over the organization starting from the way they solve conflicts and ensuring that employees have achieved their goals. Additionally, global readiness index helps in rating the business to show how the business is performing compared to other businesses. Managerial assumption helps to explain that employees should work under little supervision since they are self-motivated to perform their work. Also, time management is significant in hitting targets at the right time, and emotional intelligence helps employees to work together in groups and be flexible to various changes which happen in business. I used to ignore the work of a manager in a business, and I thought a business should only have the director and the employees for it to be complete. I have to admit that I despised the work of managers to the point that I never saw their importance whether they were the presence or not and I thought all organizations should do away with them. Being in a management class changed my thoughts completely and started analyzing their work one by one. Did I see their importance? The answer here is yes. Effective managers help in various ways in business by reviewing the performance of each employee which helps them improve their productivity. For instance, most business review performance appraisal for every employee which is issued by the managers where they are able to see their work for a particular period, and this helps them increase their productivity next time. Additionally, managers also ensure that conflicts are solved in the right way and fairly in the department. After I had learned about the importance of effective managers, global readiness index was the other area that I had to learn and analyze its importance. In this area, I saw that it was important for a business to analysis its performance and where it lies compared to other businesses in the globe. It is importance for the business to provide the rating pieces so that the customers may rate their services which help the business to work on areas that employees do not deliver quality services (Parasuraman and Colby, 2015, p. 72). The importance of global index is that when the business is rated according to its performance and compared to other businesses, it gives the business a chance to improve and see the competition that lies behind it. For instance, businesses such as banks are able to provide the rating sheets where customers fill in how they view the services of business with honesty. Following my lessons in class, the managerial assumption was the other area of the management self-test, and at first, I never understood this area clearly until I read about theory X and theory Y which was founded by Douglas McGregor. He suggested that theory X which was founded more on management theory that was classical and assumed that employees should have maximum supervision because employees are intrinsically lazy. Contract to theory X, theory Y suggested that employees are self- motivated, ambitious and it drew attention to Maslows hierarchy of needs. Both saw human motivation and behavior as the major significance in maximizing production in the organization (Grbz, ?ahin and Kksal, 2014, p. 1902). I agree with Douglas that theory Y is superior. The importance of letting employees free to perform their duties without a lot of supervision is that everyone has needs which are the driving force towards working and this leads to increasing the productivity of the company as they try to satisfy their needs. For instance, most businesses allow employees to have less supervision where they work and control themselves to hit their targets. In time management profile, I have to agree that I know time management is importance but I am sure that most time people do not know how to manage time including myself. Time management is significant in many ways, and people fail to hit deadlines because of poor time management. The reason why managing time is importance is because time is limited and every employee should look for ways to manage the limited time so as to accomplish a lot of work and hit deadlines at the right time. For example, businesses have always trained employees how to manage their time to ensure that they hit targets which result to high productivity in the company. I admit that I have tried to manage my time even in class and it is a great idea because I have managed to achieve more with less effort and it minimizes the essence of losing momentum in class. PERSONAL DEVELOPMENT ACTION PLAN Name .. Student Number .. In order to reach your goals, what behaviors will you Stop, Minimise, Keep Doing, do More of and which will you Start? SKILL STOP MINIMISE KEEP DOING DO MORE START 1 Communication Issuing orders and ignoring other peoples opinion Giving late feedbacks in a certain idea Communicating when there is a problem Communicating more to avoid conflicts Listening to other peoples opinion 2 Teamwork Selecting the group of people, I should join to be with my friends Social-loafing Working before hitting deadlines Working hard to hit targets earlier Joining any group of people with great focus 3 Learning Ignoring revising what I know Overconfidence Learning new ideas Curiosity of learning new information Revising what I already know 4 Time management Waiting until deadline to do the work Piling work Reporting to work early Reporting to work early to hit deadlines Working with deadlines 5 Problem solving Making quick decision without looking at the consequences Undermining other peoples opinion Asking for help for professionals Asking for more help from others and their opinion Making decisions after analyzing the whole idea. Emotional intelligence is an important area in the organization and to general life setting. Personally, I view emotional intelligence as the base of all activities that take place in the organization because a lot of concepts are driven by our emotions and the way we control them. Some of the importance of emotional intelligence is: employees in an organization are able to work in groups or teams; they are able to adjust to changes which occur and are also flexible (Helfenstein et al., 2014, p. 20 ). I have learned that emotional intelligence helps an employee understands her self-awareness which enables her to understand her weaknesses, strengths and the ways in which her actions and emotions may affect others in the organization. For example, organizations have a forum where employees are able to test their emotional intelligence and educate them on ways in which their emotions can affect others in the organization. Conclusion In conclusion, I have learned something new by looking at the importance of various areas of business. I have learned the importance of effective managers, global readiness index, managerial assistance, time management profile and emotional intelligence. References Grbz, S., ?ahin, F. and Kksal, O. (2014) Revisiting of Theory X and Y, Management Decision, 52(10), pp. 18881906. doi: 10.1108/MD-06-2013-0357. Helfenstein, S., Kaikova, O., Khriyenko, O. and Terziyan, V. (2014) Emotional business intelligence, in Proceedings - 2014 7th International Conference on Human System Interactions, HSI 2014, pp. 1421. doi: 10.1109/HSI.2014.6860441. Parasuraman, A. and Colby, C. L. (2015) An Updated and Streamlined Technology Readiness Index: TRI 2.0, Journal of service research, 18(1), pp. 5974. doi: 10.1177/1094670514539730.