Qualities of Chief Executive Officer for Organizational Success...

Qualities of Chief Executive Officer for Organizational Success A chief executive officer (CEO) of an organization requires a large number of qualities besides hard work and dedication for the success of the organization which he is heading. The performance of the organization is dependent on the capabilities of the CEO. The job carries with it a large amount of responsibilities. The job of CEO is not a bed of roses. In fact, it is a very tough job and is fundamentally different from any other job in a senior management position. The CEO needs to have the self-discipline to get results. He needs to be charismatic. He is required to have high cognitive ability, conscientiousness/achievement, and extraversion/assertiveness. He needs to have innovative strategies. He is required to forge long-term relationships with customers, innovate, execute, build high-performing teams, ensure accountability, manage people, communicate, engage others, create workforce plans, exercise judgment, have emotional intelligence, and possess an honorable character The CEO needs to have leadership qualities. His integrity is to be unquestionable. He is to be impartial. He is to be modest and endure greatness besides being efficient and flexible. He is to be aggressive but respectful. He is to move fast to fulfill the commitments. He is to be calm under pressure. He is required to treat people with respect. He is to set the example and high standards for others to follow. A CEO is to have a lot of enthusiasm and persistence. He is to be innovative and proactive. He is required to have analytical skills and creative thinking. He needs to have vision and strategic plans. He is to be diligent and systematic.  At the same time he is to pay attention to details. A CEO is to have the habit of...

Management of Organizational Growth...

Management of Organizational Growth Organizational growth is not automatic. It does not follow from success. Of course, it needs organization to have the right products or services for the right markets at the right time. But this is a requirement for growth, a necessary condition, rather than growth itself. Growth of an organization is full of stress and strain. It causes discontinuity. It makes the organization to change itself. It can create identity crisis as there is transition from old stage to new stage. Even the ablest, the brightest, the most highly motivated organization can suffer the worst identity crisis. For an organization to be able to grow smoothly and without trouble, it is to be carefully prepared for growth, trained for growth, and directed towards growth. The management can prepare the organization for growth by thinking big the way IBM has done it in the mid twentieth century. The IBM management adopted a impressive name,’ International Business Machines’, at a time when IBM was neither international nor truly business machines. IBM created an organizational image through distinctive design and distinctive typography for its products, its publications, and its communications inside and outside the organization. It invented the slogan ‘think’ and distributed hundreds of thousands of ‘think’ posters and stickers to its employees and customers. From very early days IBM had developed and trained a human organization which was to look upon itself as select force and which was prepared to manage a very much bigger organization. The management had insisted that the employees take responsibility for their own work and thus trained a whole cadre of proud and competent workforce which became the skeleton around which the much bigger IBM workforce of later years was built. Above all, the management trained, and trained,...

Management and Managers...

Management and Managers Management is an important part of an organization. In fact the discipline of management is developed over a period of time to its present level. On the other hand managers of tomorrow are developed from the young, educated people who are knowledge workers of today. Both the management and the managers are vital component of the organization for its smooth functioning. Present day society has become a ‘knowledge society’, a ‘society of organizations’, and a ‘networked society’. Today, the major social tasks are being performed in and through structured organizations, large and small, of all kinds and sizes. And every organization is entrusted to ‘managers’ who practice the ‘management’. History of management The word ‘management’ was first popularized by Frederick Winslow Taylor to describe what he had formerly (and more accurately) called ‘work study’ or ‘task study’ which is today being called ‘industrial engineering’. But when Taylor talked about what is being called today ‘management’ and ‘managers’, he said ‘the owners’ and ‘their representatives’. The roots of the discipline of management go back to more than 200 years. But management as a function, management as a distinct work, management as a discipline and area of study, all are the products of the twentieth century. And most people became aware of management only in 1950s. Some recent studies on management give the impression that the management is an invention of late 1940s. True, before this period interest in and study of management was confined to small groups. The popular interest in management as a discipline and a field of study is fairly recent. But management, both as a practice and as a field of study, has a respectable history, in many different countries, going back almost two centuries. When the early economists,...

Innovation and Organizational Management...

Innovation and Organizational Management Innovation is normally considered as new idea, creative thought, and new imagination in form of device or method. It is often viewed as the application of better solutions which meet new requirements, unarticulated needs, or existing needs of the market. It is also considered as the process of translating an idea or invention into a good or service which creates value or for which customers are going to pay. It often results when ideas are applied by the organization in order to further satisfy the needs and expectations of the customers. It is crucial to the continuing success of any organization. Hence the need of innovation is essential for the organization to be successful. The organizational management is required to stimulate, direct, and make effective innovation. It is one of the administrative functions of the management. It is the management task of keeping going and of improving what is already known and what is already largely being done. It is normally devoted to the entrepreneurial function of creating effectively and purposefully the new and the different. The neglect of the innovation by the management can have dire consequences. Hence, the management is to stress the need to innovate. It has to organize innovation as a distinct and major task. Innovation is often being seen as a separate job, a job done by the individual by himself, by the inventor. It is also being seen as a predominantly technical job, that of research. In the past, there was not too much scope for innovation, when most of the basic work on management was being done. For contrary to common belief, this was the time of rapid change, either in technology or in society. This was the time when, by and large, technology built...

Management Development...

Management Development The development of executives in an organization is necessary for its present smooth functioning as well as for its proper functioning in future. The development of the executives takes place along two lines (Fig 1). The first consists of enhancing his knowledge towards technologies and technological skills which are changing very fast in today’s environment. The second consists of developing his managerial abilities so that he can function in higher managerial positions ably and in a responsible manner. Fig 1 Two lines for development of executives In the present day environment it is necessary for every organization to give serious thought to the development of its executives in various management techniques. The performance and the efficiency of the executives are greatly enhanced if they are well versed with the techniques of management. Hence the organizational management is required to give importance to the management development activities. Basic organizational decisions need an increasingly long lead time. Since no one can foresee the future, management cannot make rational and responsible decisions unless it selects, develops, and tests the executives who are to take care of these decisions in future, since these executives are going to become managers in the coming future and are going to run the organization. The executives need to have managerial abilities. They need to have along with the theoretical knowledge, the ability to organize and to lead. They need to know how to make decisions and what the managerial control techniques are. Management development programs develop the executives of today into efficient managers of tomorrow. These programs ensure continuity in the organization, which is a vital aspect for the efficient running of the organization, especially in a large organization where this need is more essential. The organization being a wealth...