HC Enterprises - Lecture 6 (reduced) - 2425
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Title: The Enterprise and Ethics OLA The Enterprise - Lecture 6
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Overview of Management Process:
Organizing
Determining
Achieving organizational purpose
Management process includes planning, organizing, leading, and controlling.
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Reference to the movie by Jobs (2013).
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Leadership Questions:
Tasks fulfilled by a leader
Leadership styles
Methods of motivation (motivational theories)
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Key Tasks of a Leader/Manager:
Assign and check tasks
Provide execution assistance
Make necessary adjustments
Foster team spirit
Motivate employees
Generate new ideas
Establish vision
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Clarification of Tasks for Manager vs. Leader:
Manager: Assign, check tasks, assist, adjust, motivate
Leader: Foster team spirit, generate ideas, establish vision
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Management vs. Leadership Statements:
Leadership is concerned with what is right; management is about being right.
Both roles are equally important.
Management skills can be learned; leadership relates more to personality traits.
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Reference: Scene from 'Dead Poets Society' on leadership.
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Definition of leadership: "relational characteristic between leader and follower."
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Quote by George Box: "All models are wrong, but some are useful."
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Kurt Lewin's Leadership Styles:
Authoritarian: Leader tells employees what to do.
Participative: Leader includes employees in decision-making.
Delegative: Employees make decisions with leader's responsibility.
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Situational Effectiveness of Leadership (Hersey & Blanchard):
Employee maturity is crucial.
Four styles: telling, selling, participating, delegating.
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Leadership Styles Grid:
S1: Telling - specific instructions
S2: Selling - explain decisions
S3: Participating - share ideas
S4: Delegating - turn over responsibilities.
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Leadership Styles and Behaviors - High Security to Low Directive Behavior.
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Inducing Change: Controlled implementation and growth.
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Characteristics of a Leader:
Drive, honesty, self-confidence, intelligence, relevant knowledge, extraversion.
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Leadership Style: Influences employee productivity, motivation, and attitude.
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Blake Mouton Managerial Grid: Overview of management styles.
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Description of the Leadership Grid: Concern for results vs. concern for people.
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Comparison: Traditional Leadership vs. Servant Leadership.
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Conclusion on Leadership Styles:
No single best style; adaptability is key.
Task and relationship relevance determine effectiveness.
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Self-assessment: Are you a manager or leader?
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Motivation:
Definition: Reasons that drive actions.
Needs must be met for effective motivation.
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Motivation Theories:
Focus on Maslow's pyramid of needs.
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Emphasis on unmet needs and their impact on motivation.
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Herzberg's Motivation Theory:
Distinction between motivational (internal) and hygiene (external) factors.
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Two-factor Theory Factors:
Hygiene: salaries, work conditions, job security.
Motivator: responsibility, achievement, growth.
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Reference: Herzberg's theory explained in a video.
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Continuation of the Enterprise and Ethics lecture.
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Review of Management Process (planning, organizing, leading, controlling).
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Functions of Management overview in a movie reference.
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Breakdown of the Four Functions of Management:
Planning, Organizing, Leading, Controlling.
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Controlling: Ensuring activities match planned activities.
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Control Process Steps:
Set standards, measure results, adjust as needed.
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Setting standards and methods for measuring results.
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Comparing results to standards and adjusting if necessary.
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Organizational Culture video reference.
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Additional content on the control process in a video format.
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Further movie references and upcoming topics related to control process and management standards.