What Does Good Management Look Like?
Poor culture costs the UK economy £23.6bn annually and a third of people quit their job due to the business culture (including the quality of business management). Business Matters, April 2018
Here are a few highlights from HM Magazine inspired by events and industry leaders, who provide insight into areas to consider to improve business performance.
Simon Sinek discusses what he terms the world’s simplest idea: The Golden Circle. In this classic TED Talk video he uses the three themes of Why, How, What to explain why some organisations and people are able to inspire more than others – essentially they know why they do what they do. What made the Wright brothers take flight ahead of Langley? Why did people follow Martin Luther King? What explains the success of Apple Computers? They each have an immovable belief system.
When business owners and upper management empower their staff, the full potential of a workforce can be realised. Colleagues ‘taking responsibility’ was one theme expressed strongly on the day; one way management can achieve this is by relinquishing control and encouraging people to make their own decisions.
Regular communication reinforcing the strategy and vision helps people understand their place in the business, and how they can contribute to its success. Once people know why they are doing what they are doing and how their input assists the business to achieve its goals, there is a stronger sense of collective ownership.
These self-realisation methods are proven to have a positive effect on the confidence of a workforce, encouraging everyone to head in the same direction: facilitating business growth.
From the HM Growth event: Scale Up: make your staff bulletproof.
Know yourself and know what motivates others
Four characters Sniff and Scurry (mice), Hem and Haw (little people) feature in the book ‘Who moved my cheese?’ by Spencer Johnson. The allegory describes how each character reacts to change in circumstance with differing degrees of success, in this case when the cheese in their maze is moved. This is a timeless classic covering different methods of management and describes motivations which can also apply to life decisions.
The parable explores underlying drivers behind decision making and asks the reader with which character do you most identify?
Download HM Magazine 5 to discover the additional 7 Stages of Man(agement).
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