Entrepreneurship is a burning trend across the globe right now which really needs effective management practices. In the aftermath of the Covid-19 pandemic, many people changed their careers to become independent business owners. While some took these decisions voluntarily, lack and loss of jobs forced others to change careers. For example, there were people working in finance or as sales executives all their life.
It became overwhelming when they suddenly discovered that they needed to manage a business. It is not possible for everyone to have the necessary business acumen. Neither it’s feasible to learn the basics of business by hiring a business management assignment help expert. However, you can remember ten golden rules that all successful business leaders follow –
If you want to implement Effective management practices in the organisation, follow this first rule. All successful business houses like Coca Cola, Apple, IBM, etc., became successful by maintaining consistency. Be it their unique recipes, quality of gadgets, or exemplary service, these companies carved out a niche for themselves with their consistent performance.
Hence try to be consistent before anything. You can instil this practice by rewarding the same level of service or quality every time. Similarly, you can make company policies to discourage inconsistent behaviours. You must also ensure to treat each member of your team with an equal view.
Maintain clarity in communication Effective Management
Your communication skills play a major role in determining your company’s eventual success. You need to be clear while communicating instructions or writing the minutes of the meetings. You also need to communicate while doling out company updates. If you strive for clarity and accuracy in your communication, your team members can follow easily.
This clear communication policy should be applicable to all communication mediums like –
- In-person communication
- Phone call.
If you are clear, accurate and thorough with your communication process, you can avoid any form of miscommunication and keep the entire team on the same page.
Set a team goal for Effective Management
If you want your team members to work together, give them something to unite over. If you set only individual goals, every member will become too competitive to attain personal goals. This will isolate the entire team, and the lack of a common goal will disrupt the organisational goals.
Moreover, setting team goals breeds a better mentality. It drives and inspires team members to work with a unified focus and purpose.
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Reward and recognise hard work
Start recognising and rewarding hard work. When a team member achieves a target or does something exceptional ensure that they get their deserved recognition. It can be a trophy, incentive or public appreciation. Elevating someone on a pedestal, in front of the team makes them feel good about themselves and boosts their morale. Hence, they get motivated to work harder. However, you must be consistent while appreciating all your team members to avoid any accusations of favouritism.
Lead by example
When you are leading a team or an organisation, you should understand that your subordinates look up to you. Hence, always try to set an example of how you want the work to be done. For example, if you want everyone to report on time, start reporting to the office an hour before the time. That will send a positive message to the team to buckle up.
You must also learn to keep your emotions in check. If you stay positive and cheerful inside the office premises, the team will look up to you as the perfect leader.
One size doesn’t fit all for Effective Management
The employees in an organisation are dynamic. You will find employees from various ethnicities, races, and cultures with diverse preferences. They also have different strengths and weaknesses. So it will be unwise to use the same approach to deal with all of them.
To achieve optimised efficiency, you need to focus on individuals. For example, some employees may thrive under pressure, while others need to be more gentle with others. You need to tweak your approach for different employees and try to extract the best out of them.
A common saying in businesses is, “Fundamental honesty is the keystone of business”. Hence, as a leader, or manager, you must abide by this line. Always be conscious of maintaining complete transparency before your team. This helps to build trust with the employees. In the long run, these interpersonal relationships always come in handy to boost your profits.
If you withhold information or lie to your subordinates, that will tank your relationships. Eventually, they will lose respect for you and you won’t be able to control them.
Encourage sharing of ideas
A company can only grow when it learns more. In the professional world, an effective way to learn is through brainstorming. It is likely that you have employees from various educational and professional backgrounds. Each of them has its own area of specialisation. Hence, when making any critical decision, encourage people to share their ideas and opinions.
This has dual benefits – firstly, they will feel more inclusive and important. Secondly, they can use their personal specialisations to give ideas you could not have thought of alone. However, even if you feel that some ideas are not effective or feasible, do not shut anyone out. This can cause internal resentment, and people will shy away from voicing out. Instead, explain to them why you cannot implement their ideas politely.
Ensure the team enjoys working
Certain tech giants like Google or Facebook keep swings, slides, and other modes of entertainment inside their offices. They believe that work efficiency improves when employees enjoy working. However, even if you cannot get a pool table or swings, you can think of other methods to keep people jovial.
It can be Fun Fridays, abolishing dress codes, karaoke sessions after operation hours, etc. These activities make the mundane routines much more enjoyable. You can also take out the best performers for occasional dinners. This will also motivate them to work harder without getting demotivated. Always help people enjoy their work, and they will walk on the fire for you.
Be open to feedback for Effective Management
Many successful business leaders keep a feedback option in the office. It is natural that some employees will feel frustrated in a company. If they get an option to vent out their suppressed emotions, they feel good. Moreover, their opinions and feedback can help you improve and solve the grievances.
You can keep this option either online or offline. Encourage the employees to give feedback if they want anonymously. You must also be open to these feedbacks and show them by implementing a few feedbacks if required. It will make your employees feel valued and acknowledged.
Summing Up for Effective Management:
You must understand that there is no handbook for becoming a better manager. You must be a good observer and a proactive get-goer to know how to implement good management practices. Plus, your methods must convince you first to ensure others also believe in you.
Do not be afraid to make mistakes and take risks. Also, be open to feedback and ensure you to implement what you learn in your everyday routine for effective management.