https://padlet.com/megan_bode/man2021meganbode Made with charm and insight en-us 2019-04-24 23:23:33 UTC 2024-05-16 02:42:09 UTC hello@padlet.com megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353943411 Rodney Adkin's story was very inspiring to me and stuck with me the most throughout this semester. He started at the bottom and grew to almost become the CEO of IBM. He learned so much in his company that helped promote him through the company and that speaks volumes.]]> 2019-04-24 23:32:16 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353943411 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353945288 This is a visual of "raw materials" which is one of the organizational resources a manager must use. Raw materials are the ingredients used directly in the manufacturing of products.]]> 2019-04-24 23:47:05 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353945288 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353945927 One of the biggest things I took from this first module was learning what the organizational resources are in a company. The first resource is: humans! Human resources are the people who work for an organization or company. They are directly responsible for the flow of a company.
https://www.youtube.com/watch?v=YYOKMUTTDdA]]> 2019-04-24 23:51:35 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353945927 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353946921 A company cannot run without money! Monetary resources are the amounts of money that managers use to purchase goods and services for their organization.]]> 2019-04-24 23:57:40 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353946921 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353953895 The final component of an organizational resource is capital. Capital resources are the machines used during the manufacturing process. These can be a big factor in maintaining desired production levels in a company.
https://www.wric.com/news/politics/capitol-connection/northam-s-team-brings-in-158-billion-capital-investment-despite-months-of-controversy/1950922052]]> 2019-04-25 00:42:15 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353953895 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353954699 As a future manager, one of the most important lessons I can learn is social responsibility. It would be my obligation as a manager to take action that protects and improves the welfare of the society and the interests of my organization.]]> 2019-04-25 00:47:11 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353954699 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353955726 I know that when I succeed in my business, giving to social organizations and people who are in need, will be a major invest for myself. Philanthropy promotes the welfare of others through generous money donations to organizations that give back to the community.]]> 2019-04-25 00:53:06 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353955726 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353956904 As a good manager, I need to respect and learn about the different groups of people that will eventually be working for me. Having a diverse workforce is very important, but it's also very important to learn how to respect and understand the unique people in an organization. Here I've included a link to an article about the biggest diversity issues that may come up in a workplace and how to resolve these issues.
https://www.thiswayglobal.com/diversity/top-diversity-issues-in-the-workplace/]]> 2019-04-25 00:59:20 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353956904 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/353958206 Having an excellent Code of Ethics policy will be an important component to my future organization. It would outline the do's and dont's, diversity rules, workplace romances, ect..]]> 2019-04-25 01:07:07 UTC https://padlet.com/megan_bode/man2021meganbode/wish/353958206 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354174092 McDonald's is expanding! The unique and different menu items added in other countries (like the McPork sandwich in Japan, pork and beer are excluded in India, ect..) is growing McDonald's market like never before. Getting out of my comfort zone sometimes when I'm running my future company can have a great impact!]]> 2019-04-25 16:12:46 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354174092 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354187694 An international organization is mostly based within a single country, but it also has meaningful international transactions. Marketing sales and purchasing materials in other countries can lower costs for a company as a whole.]]> 2019-04-25 16:44:49 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354187694 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354189686 Pictured here is an awesome article that breaks down foreign investment in an easy to understand manner. Managers who make foreign investments expect such investments to:
1. Reduce or eliminate high transportation costs
2. Allow participation in the rapid expansion of a market abroad
3. Provide foreign technical, design, and marketing skills
4. EARN HIGHER PROFITS!!
https://www.investopedia.com/terms/f/foreign-investment.asp]]> 2019-04-25 16:49:39 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354189686 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354192005 To be an excellent influences of my team/employees, especially if I seek foreign investment, I must understand and grasp the culture of those I would be working with. Culture is the set of characteristics given of a group of people and their environment. It is very important for me to acquire the knowledge about different cultures if I want to be a successful manager, even if I do not end up working with foreign investors.]]> 2019-04-25 16:54:54 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354192005 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354296722 PLANNING PLANNING PLANNING!! As a manager, planning will be my primary function. It is the one that precedes and is the basis for the organizing, influencing, and controlling functions as a manager. This is probably the most important lesson I have learned throughout this course!]]> 2019-04-25 22:37:12 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354296722 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354298010 As I moved through this particular module, one of my favorite assignments to do was creating a SWOT worksheet on whether In-N-Out should expand their business to the east coast. Before I started this assignment, I thought to myself, of course they should expand! I want to try their food over here in Florida! But this simple SWOT worksheet made me realize what a terrible business idea it would be for them to expand into the east coast. I will defiantly be using a SWOT worksheet for analyzing things in my future business!]]> 2019-04-25 22:46:40 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354298010 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354298760 Here is a handy article on group decision making with steps to follow that make it easier to work in a group and actually get real results. Making decisions with a group will eventually happen in my future business, so this handy article will be a helpful tool to have in the future!
https://uwaterloo.ca/centre-for-teaching-excellence/teaching-resources/teaching-tips/developing-assignments/group-work/group-decision-making]]> 2019-04-25 22:52:36 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354298760 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354299224 To make sure my company lasts for a long time (forever hopefully), I must understand the value of strategic planning. Strategic management is the long-range planning that basically focuses on five steps:
1. Environmental analysis
2. Establishment of an organizational direction
3. Strategy formulation
4. Strategy implementation
5. Strategic control
The figure below illustrates the relationship among these steps!]]> 2019-04-25 22:56:31 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354299224 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354300034 Organizing!! Being an effective manager means I must constantly be organizing. The figure below illustrates the five main steps of the organizing process. A great manager will always repeat these steps which obtains feedback that will help them improve their organization!!!]]> 2019-04-25 23:03:28 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354300034 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354300687 Max Weber was a writer who had a profound impact on classical organizing theory. He defined the concept of bureaucracy. The term is used to describe the management system that has three primary components:
1. Detailed procedures and rules
2. A clearly outlined organizational hierarchy
3. Impersonal relationships among organization members.
This link below is a fun little YouTube video on Max Weber and how he came up with his theory!
https://www.youtube.com/watch?v=QHx1qiPhiAE]]> 2019-04-25 23:08:42 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354300687 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354301545 Delegating responsibility to my team as a future manager will be a very important task as a manager. Dividing the job activities is outlined in the method below called the, "Functional Similarity Method."]]> 2019-04-25 23:15:25 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354301545 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354302088 After going through this module, I learned how when Tony Hsieh came on board at Zappos, he made some major changes that completely turned the company around. He kept the Zappo's culture alive and well inside the company and made it a fun environment to be in. He became a manager that his employees could easily talk too and he turned his company into a billion-dollar company in less than a decade! He quickly became someone I want to look up to in my future career!]]> 2019-04-25 23:19:19 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354302088 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354303099 Nothing will make my future company run better than the people I choose to work for me! To find those people, I must follow the four sequential steps:
1. Recruitment
2. Selection
3. Training
4. Performance appraisal]]> 2019-04-25 23:26:21 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354303099 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354303796 Keeping track of many employees in a large organization can be difficult. Especially if one needs to keep notes on said employees and their strengths, weaknesses, training they need to improve, ect.. Keeping a management inventory card on each employee is a great way to keep track of how an employee is doing within a company!
https://managementinnovations.wordpress.com/tag/management-inventory-card/]]> 2019-04-25 23:31:33 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354303796 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354304647 The four basic managerial functions are planning, organizing, influencing, and controlling. Below is a great article on seven ways to build my INFLUENCE as a manager. Influencing is the process of guiding the activities of organization members in appropriate directions!
https://www.inc.com/jayson-demers/7-ways-to-build-influence-in-the-workplace.html]]> 2019-04-25 23:39:07 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354304647 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354305098 Now, when I become a CEO of my very large company, I cannot possibly complete all of the tasks by myself. I would need to delegate decisions to a task group. A task group would accomplish most of my routine business tasks. Creating committees within my company will further the growth of my company.
http://www.virginiabusiness.com/companies/article/gentry-locke-names-management-committee-members]]> 2019-04-25 23:43:36 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354305098 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354305714 A simple line stuck out to me while researching for this course: "a manager makes sure that a job gets done, and a leader cares about and focuses on the people who do the job." Being an excellent manager means becoming a leader. I have to have genuine concern for the well-being of my employees or else I will certainly fail in my endeavors.]]> 2019-04-25 23:48:39 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354305714 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354309500 1. Intelligence, including judgement and verbal ability
2. Past achievement in scholarship and athletics
3. Emotional maturity and stability
4. Dependability, persistence, and a drive for continuing achievement
5. The skill to participate socially and adapt to various groups
6. A desire for status and socioeconomic position
These characteristics will make me a successful leader!
https://www.forbes.com/sites/glennllopis/2013/02/18/the-most-successful-leaders-do-15-things-automatically-every-day/#559feaeb69d7]]> 2019-04-26 00:12:50 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354309500 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354310909 Here is a quick excerpt from a book on the theories of motivation. The four important theories describe how motivation occurs:
1. Needs-goal theory
2. Vroom expectancy theory
3. Equity theory
4. Porter-Lawler theory
Understanding and memorizing the components of these four theories has been an exponential help thus far in my studies!
http://publishedstories.info/theory-of-motivation-find-book-groups-robert-c-bolles.pdf]]> 2019-04-26 00:21:15 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354310909 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354312099 Understanding what motivates and eggs my future employees on will be of great importance. According to Douglas McGregor, there are two different assumptions about human nature. Theory X and theory Y. Theory X involves negative assumptions about people and theory Y involves positive assumptions about people. As a manager, I will defiantly be focusing on theory Y! Below is a short YouTube video on motivating my future employees using these two different theories.
https://www.youtube.com/watch?v=zjvWicDVv_Y]]> 2019-04-26 00:29:31 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354312099 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354314218 Let me be clear: I WILL NOT RULE OVER MY EMPLOYEES LIKE LORD VOLDEMORT! Thinking of him as I think of the definition of "total power" is just a helpful tool in my studies. The "total power" a manager possesses is made up of position power and personal power. Position power is power derived from the organizational position a manager holds. Personal power is power derived from a manager's relationship with others.]]> 2019-04-26 00:41:52 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354314218 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354316138 Gathering information and using that information in an appropriate manner, that will be valuable to my company, is of the utmost importance. There are four primary factors that determine the value of information I will receive for my company:
1. Information appropriateness
2. Information quality
3. Information timeliness
4. Information quantity]]> 2019-04-26 00:52:16 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354316138 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354316984 Productivity=outputs/inputs
Productivity is the relationship between the total amount of goods or services that are produced (output) and the organizational resources needed to produce them (input). Understanding that the higher the value of the ratio of outputs to inputs means the higher the productivity of the operation is an invaluable lesson for my future company.]]> 2019-04-26 00:59:02 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354316984 megan_bode https://padlet.com/megan_bode/man2021meganbode/wish/354318342 There is a looming threat as I continue to work towards my future business. That is the threat of robots taking over our jobs! Listed below is an article on eight jobs that will soon be replaced by robots! The correct definition of this, according to our textbook, is called automation.
https://www.kiplinger.com/slideshow/business/T057-S001-8-jobs-that-will-be-replaced-by-robots-soon/index.html]]> 2019-04-26 01:09:04 UTC https://padlet.com/megan_bode/man2021meganbode/wish/354318342