Management Fundamentals

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Questions and Answers

Which statement accurately describes the contrast between management and leadership?

  • Management is a role that is assigned, while leadership is a quality that is earned. (correct)
  • Management is an inherent quality, while leadership is a conferred role.
  • Management involves earning a position, whereas leadership is typically assigned.
  • Management focuses on innovation, but leadership centers on maintaining stability.

In what scenario would training others to perform a task be categorized as 'multiplicative' for a manager?

  • When the trained individuals require constant supervision and correction from the manager.
  • When the manager personally completes the task more efficiently than anyone else.
  • When the combined output of the trained individuals exceeds what the manager could accomplish alone. (correct)
  • When the task requires specialized skills that the manager does not possess.

What is the primary focus when a manager operates in 'survival mode'?

  • Delegating tasks to empower team members and foster leadership.
  • Addressing immediate critical needs to stabilize the situation. (correct)
  • Strategic planning for long-term growth and expansion.
  • Implementing innovative solutions to gain a competitive edge.

What is the most significant consideration when transitioning into a management role via the 'Apprentice' route?

<p>Navigating the shift in relationships with former peers. (A)</p> Signup and view all the answers

What action should a manager avoid when delivering difficult feedback?

<p>Communicating the feedback through text messaging. (C)</p> Signup and view all the answers

What is a key characteristic of a great interview experience?

<p>Presenting a realistic preview of the company's long-term vision and employee lifecycle. (D)</p> Signup and view all the answers

What should a company do to ensure successful hiring aimed at company growth?

<p>Create a bench of prospective employees (C)</p> Signup and view all the answers

What is the most effective approach to fostering a positive team culture?

<p>Promoting open dialogue about the importance of company values and culture. (A)</p> Signup and view all the answers

What is the best way to avoid incentivizing counterproductive behaviors?

<p>Ensuring that rewards align with desired behaviors and values. (C)</p> Signup and view all the answers

What should a manager prioritize when conducting one-on-one meetings with team members?

<p>Understanding the individual's priorities, and discussing how to support them. (B)</p> Signup and view all the answers

Flashcards

Teamwork Goal

The aim is to achieve better results through collaboration among individuals.

Great Manager Focus

Focus on the overall results and impact, not just the individual tasks or actions.

Multiplicative Approach

Instead of performing tasks individually, train others to amplify the output.

Apprentice Management

Routes into management where you grow into managing part of your team as it expands.

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Task Specific Feedback

As feedback given after an action is complete when it is still fresh in mind.

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Behavioral Feedback

Feedback that considers the individual, is thoughtful, and is often delivered in person.

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The Importance of Hiring

Hiring is the most important thing you can do in a growth-oriented organization.

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Build Diverse Teams

A team where members have unique skill sets and diverse backgrounds.

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Culture Defined

The culture is best understood based on what you are willing to give up to protect your values.

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Authenticity

Voicing your values makes you authentic.

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Study Notes

  • Managerial roles focus on outcomes not just activities.

What Great Managers Think About

  • Purpose, people and process are key considerations for great managers.
  • Doing the work yourself is additive, training others to do the work is multiplicative.

Managing in Survival Mode

  • When managing in survival mode the priority should be addressing immediate needs.
  • Once beyond survival think towards the future.

Management vs. Leadership

  • Management is a role whereas leadership is a quality.
  • Management is given while leadership is earned.
  • Managers can be leaders, but not all managers are leaders.

Routes to Management

  • There are four main ways to move into management: Apprentice, Pioneer, Successor, and New Boss.

Apprentice

  • This is when your team is growing and you are asked to manage a portion of it.
  • This is often the easiest transition because of guidance and familiarity.
  • There is a sense of what works from being on the team.
  • New dynamics with peers can be awkward and it is tricky to balance individual and management commitments.

Pioneer

  • This is when you are a founding member of a new group.
  • There is knowledge of the job and ability to build the team as desired.
  • This can be lonely with a lack of inter-company support.
  • Reach out to individuals in similar positions for support.

Successor

  • This is when the boss leaves and you take over the role.
  • A benefit is similarity to the apprentice as well as increased responsibility can be overwhelming.
  • A downfall can be pressure to do things as the former manager did

New Boss

  • This is when you manage an established team.
  • There is a chance for leeway for mistakes as the team is new.
  • There is a blank slate as to what you were or did.
  • It takes time to adjust, invest in relationships, and understand the job.

Art of Feedback

  • Feedback can be a gift if used correctly, when not used well it can create resentment.
  • Feedback should set clear expectations, and be task-specific, behavioral, or 360.
  • Address major disappointments early by having good expectations.
  • Promotions: be upfront, don't wait until reviews

Productive 1-1s

  • Prepare, discuss top priorities, share feedback, reflect on how things are going, and avoid only task-specific feedback.
  • Ask: "What is important to you?" to help zero in on focus, "How can I support you?" to understand them, and support follow-up questions to dig deeper.
  • Feedback impacts action, and can be shared often.
  • Encourage feedback to feel safe, ensure care in critiquing, and balance hindering with empowering.
  • Deliver the tough stuff without upset, in person (not via text), dispassionately, directly, carefully using compliment sandwiches, and owning the decision.

Hiring Well

  • Hiring can be just as important as hiring can be at scale as single hires can be valuable.
  • Describe ideal candidate, give a great interview experience, use a sourcing strategy, continuously ensure the candidate feels wanted, and gamble smartly based on past work.
  • Seek trusted recommendations, have multiple interviewers, and look for passion while avoiding weak hires.

Interview Success Points

  • Prepare targeted questions to use during the interview process.
  • Avoid those showing toxic behavior.
  • Create great diverse teams with complementary skill sets and backgrounds.
  • Hire capable people who are capable of more on top of what is needed.
  • Focus on diligent execution to make the process smooth.
  • Attract top talent, everyone wants them, focus long term and build relationship.
  • Nurture a culture that everyone feels is their job.
  • When hiring leaders, have a trickle down effect on the entry/level hire.
  • Build a great bench so the team can deal with those on leave.
  • Treat team buildings as a top priority, coach them for success, and ensure a nurturing culture.

Culture

  • Everyone wants to know about culture before they take a job.
  • Culture is best understood based on what you are willing to give up to protect your values.
  • What kind of team do you want? What aspirations do you have? Understand what you like and understand what you do not.
  • Be sure to nurture what you like and grow or change what you do not like.
  • Never stop talking about what's important.
  • Discuss tension openly to squash resentment.
  • Embrace and voice what is important
  • Voicing your values makes you authentic.
  • Everything rises and falls on leadership.
  • Be unwilling to ask others to go where you are unwilling.

Incentivizing

  • Incentivizing should be done in a way that behavior match your values.
  • Avoid the following incentives: individual performance most, lack of perceived issues, reward for short term over long term.
  • Avoid also, reward the squeaky wheel, can cause resentment amongst the team and a mess for you.

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