Skip to content
Entrepreneur's Corner

Beneficial Factors to the Practice of Good Management

BY Soko Directory Team · June 12, 2017 09:06 am
By Amina Faki

Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them.

In every business, in every industry, management does matter. Investing in management means building communication systems, business processes, feedback and routines that let you scale the business and team as efficiently as possible.

Through research and surveys it was found that an employee who respects their employer is more likely to over-achieve in their designated duties, this creates a goal setting environment where the productivity levels are high. So how exactly does one perfect good management?

Below is an outline of 5 factors by O’Brien Paul in the Strategy of Business Management and strong employee/employer relationship that are beneficial in the practice of good management.

Motivating your employees

Ask yourself these questions;

  • Why are the employees there? (Don’t assume it’s money- most people aren’t one-dimensional)
  • What keeps them loyal to your organization?

Now you can understand the current motivation of your employees and continue to motivate them further through encouragement and incentives. Encouragement can be achieved simply through applauding your workers every once in a while, both publicly and privately. It is known throughout all levels of management that happy employees make productive employees.

Set Goals

Achieving strong employee relations is also providing your employees with the image of ambition and success. A saying that should be considered is ‘Under-promise, Over-deliver’. This phrase is a great managerial mantra. Consider this; do you want to be the person who has wildly optimistic goals that they never meet, or do you want to be the person who sets measured goals and ends up exceeding them by leaps and bounds? Although this is focused on the image it also is focused on reputation, these are important when seeking respect from your employees.

Delegate

The delegation of work/tasks throughout any business is important. Through delegation, you are taking an opportunity to teach and empower your employees. This also allows you and the employees to acknowledge and understand their strengths and weaknesses. These are a few points to consider when delegating tasks;

      1. Assign tasks that challenge your employees
      2. Assume responsibility for your employee’s mistakes
      3. Do not take credit for your employee’s achievements
      4. Accept your own personal mistakes

Communicate Effectively

When creating a work environment with an effective communication network there is one key factor that is vital. It is to ‘Keep your door open’. Regularly remind and reinforce that your door is always open to any inquiries or concerns, and that you as a manager or business owner are willing and ready to listen. Maintaining an open channel of communication will make you aware of problems quickly, which is beneficial for a quick resolution.

Embracing Equality

Most employers aren’t into equality as they would like to believe they are. In some cases, favoritism can be subconscious. But by embracing equality for all employees will create a fair and equal workplace environment for all. If every employee feels equal and important they are more likely to work harder and be more productive.

All the research and statistics lead to one conclusion, ‘A happy workforce is a productive workforce’. Creating a sound and efficient work environment with good management and a strong employer- employee relation can be the vital key to any businesses success or failure.

As Anne M. Mulcahy puts it, employees who believe that management is concerned about them as a whole person not just an employee are more productive, more satisfied, more fulfilled. Satisfied employees mean satisfied customers, which leads to profitability.

 

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Related Articles
Explore Soko Directory
Soko Directory Archives