ARE 112 – Winter 2017 I. Notes #9 – Careers – Managers - Leaders – Last Notes! Class Notes 1. 2. 3. II. Exam #2 Analysis assignment cancelled Final exam Careers The future depends on what you do today - Mahatma Gandhi A. Law school book – but good for most fields of study B. MBA programs – UCLA as an example – From class profile on UCLA’s web page C. 81893668 Page 1 of 8 ARE 112 – Winter 2017 Notes #9 – Careers – Managers - Leaders – Last Notes! C. Professional programs that generally do not require 4 to 5 years of experience: Master’s degree or certificates in accounting: o UC Davis o California State University system o Golden Gate University in San Francisco o University of Santa Clara o Community colleges Master’s degrees in finance Master’s in data analytics MBA from “second tier” schools MBA-like programs for recent graduates – mostly on the east coast: http://www.fuqua.duke.edu/programs/other_programs/mms_foundations_of_business/ D. Related costs III. 1. Minimal subsidy from institution so essentially full cost 2. Employer financial support The Starbucks Book – Onward 1. Limited reading notes 2. Look at it as a “synthesis” rather than an “analysis” of an organization. 3. The Goal and the IBM book were for analytical in nature. 4. Review: Planning and Controlling – A Manager’s Environment 81893668 a. From Anthony’s hierarchy: Getting resources to achieve goals b. From The Goal: Implementing solutions c. From the IBM book: Implementing a strategy d. From the Starbucks book – Link between solutions (operations) and strategy Page 2 of 8 ARE 112 – Winter 2017 IV. Notes #9 – Careers – Managers - Leaders – Last Notes! A Manager’s Task A. Mintzberg article in course pack 1. Day-to-day realities of managers 2. Point that procedures do not drive the organization 3. People – actually persons – drive procedures and then the organization is driven to succeed. B. Mintzberg’s typology for managers 1. 2. 3. V. Decisional a. Entrepreneur b. Disturbance handler c. Resource allocator d. Negotiator Interpersonal a. Figurehead b. Leader c. Liaison Informational a. Monitor b. Disseminator c. Spokesperson Related Manager’s Skills 1. Think about the SKA’s previously discussed – you can learn skills 2. Conceptual skills 3. Human skills 4. Technical skills 81893668 Page 3 of 8 ARE 112 – Winter 2017 Notes #9 – Careers – Managers - Leaders – Last Notes! Example of a Manager’s Responsibility: “Building and maintaining a competitive advantage” VI. A. Manager’s environment 1. More process related than project related 2. Contingency theory B. Framework for competitive advantage 1. Efficiency 2. Quality 3. Innovation 4. Responsiveness to customers “Management is doing things right; leadership is doing the right things” – Peter Drucker VII. Review and Importance of the Study Leadership – General Comments A. Short Note: This topic is important for you for a least two reasons: First, as a manager or as a consultant or as analyst you will be asked to assess the quality of leadership in an organization and you need an introduction to the topic. But more important, in the early part of your careers – in education, business, government, nonprofits – you want to be able to assess the qualities of leadership. They are very different from ownership. This will be for you and maybe for your friends important as you may find the workplace frustrating: “If you sleep with dogs, you get fleas.” Note: Ownership does not confer leadership: “Born on third and thinks they hit a triple.” B. Some definitions: 1. Dictionary definition: leadership (noun) 1. The position or function of a leader. 2. the period during which a person occupies the position of leader: during her leadership very little was achieved. 3. a. the ability to lead. b. (as modifier): leadership qualities. 4. the leaders as a group of a party, union, etc.: the union leadership is now very reactionary. This dictionary definition of leadership focuses on the position (singular or collective), tenure and ability of leaders. As such, it misses key points about the purpose and hallmarks of effective leadership. So we want to get to the verb form – to lead. to guide to show the way to pilot to go in front to direct to command 2. Peter Drucker: "The only definition of a leader is someone who has followers." To gain followers requires influence but doesn't exclude the lack of integrity in achieving this. Indeed, it can be argued that several of the world's greatest leaders have lacked integrity and have adopted values that would not be shared by many people today. http://www.druckerinstitute.com/ 81893668 Page 4 of 8 ARE 112 – Winter 2017 3. Notes #9 – Careers – Managers - Leaders – Last Notes! John C Maxwell : "leadership is influence – nothing more, nothing less." This moves beyond the position defining the leader, to looking at the ability of the leader to influence others - both those who would consider themselves followers, and those outside that circle. https://www.youtube.com/watch?v=aPwXeg8ThWI ASSIGNMENT: Watch the video – 30 minutes – before next class session 4. Warren Bennis : "Leadership is a function of knowing yourself, having a vision that is well communicated, building trust among colleagues, and taking effective action to realize your own leadership potential." https://en.wikipedia.org/wiki/Warren_Bennis VIII. Theory of Leadership A. General Theories – A Framework 1. Characteristic or trait theory: action and task oriented 2. Behavioral or psychological theory: need for power and accomplishments and low need for affiliation or friends 3. Situational and contingency theory: the times or conditions produce the leaders 4. Functional leadership theory: whatever is necessary for group needs is taken care of’ Thus, a leader can be said to have done their job well when they have contributed to group effectiveness and cohesion B. Some concepts as we need a working definition 1. Leadership: a. A process b. inspiring others c. to work hard d. to accomplish a goal e. In other words: “You manage things, you lead people.” f. And “The present moment is the domain of the manager. The future is the domain of the leader.” – Quote from one of the HBR articles 81893668 Page 5 of 8 ARE 112 – Winter 2017 2. Notes #9 – Careers – Managers - Leaders – Last Notes! Where does leadership fit in the management structure? Think about: a. Alex b. Jonah c. Peach d. Lou e. Dr. Meliones 3. The “Integrity Line” – how are people inspired Honest Consistent Humble Selfless Where leaders should be Where leaders don’t want to be Dishonest Inconsistent Conceited C. Styles of leadership: they are not exclusive but can overlap a. Autocratic: command and control b. Human relations: people over tasks c. Laissez-faire: do the best you can and don’t bother me d. Democratic style: people and tasks together D. Cooperation vs. collaboration – where leadership counts. IX. HBR Articles A. “What Make a Leader” https://www.youtube.com/watch?v=HTfYv3IEOqM Watch this video by next class session. B. What Leaders Really Do” 81893668 Page 6 of 8 Selfish ARE 112 – Winter 2017 Notes #9 – Careers – Managers - Leaders – Last Notes! Below is the diagram giving you some idea of the development of “leadership” as a critical success factor for contemporary organizations. This is a simplistic view of the change in business organizations. But it’s purpose is to show that the importance of leadership in the organizational domain is fairly recent. ~ 1870 ~ 1930 ~ 1950 Classical School Behavioral School Management Sciences School Importance of Ownership Railroads Oil Manufacturing Political Power Capital Formation with Public Shares and Stock Exchanges Importance of Management Development of the MBA and Business Schools Importance of Leadership Leadership Development Programs Concentrated Power Corporate Power Executive Power Regional/National Markets International Markets Global Market not Markets Compete with labor resources Compete with assets resources Compete with information resources X. Back to an HBR Article: “What Make a Leader” A. Emotional intelligence (EI) – sometimes known as emotional quotient (EQ) - components: 1. Self-awareness 2. Self-regulation 3. Motivation 4. Empathy 5. Social Skills B. Emotional intelligence tools and barriers 1. Communications a. Source/encoder b. Signal c. Decoder/destination 2. 81893668 Need for more information and more complex information Page 7 of 8 ARE 112 – Winter 2017 Notes #9 – Careers – Managers - Leaders – Last Notes! XI. HBR Article: “What Leaders Really Do” 1. Setting direction 2. Aligning people 3. Motivation XII. Leadership Tool: Path-Reward (Theory of) Leadership Example 1. Directive behavior a. Can be “what to do” b. Can be “what needs to be done” c. Articulates the goals 2. Supportive behavior a. Exhibits Maslow hierarchy b. This is the empathy part 3. Participative behavior a. Asking for feedback on tasks and goals b. Listening to advice on tasks and goals 4. Achievement behavior a. Stretch goals b. Realistic rewards c. http://www.bain.com/infographics/how-leaders-inspire/?utm_source=February-2017-BainInsigh2017ts&utm_medium=Newsletter&utm_campaign=how-leaders-inspire-infographic – copy on Canvas 81893668 Page 8 of 8
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