We have seen some miraculous success’ in various fields. Be it sports, NGOs, Corporate, or any other field, there’s always one thing common in all these success stories. There is a strong senior management in place to provide the right direction, guidance and resources for scripting a success story.
Developing a strong management team is a crucial part of any business. The managers making up the management team must have a certain amount of experience and qualities that qualify them for managing a large and a diverse team of individuals.
Being a manager is a challenging job and one that requires certain qualities that will enhance the overall productivity of the people being managed.
Let’s talk about the qualities that can help an organization succeed.
- Appreciate employees
It is important to make sure your employees remain happy and loyal to your firm. Small gestures by leaders can have a long term positive impact on employees. Certain gestures like, giving extra time off, giving out awards to deserving employees, and appreciating the employees’ efforts on social media platforms can go a long way.
This helps in developing a sense of belonging among employees. Moreover it keeps them motivated to strive harder because of the benefits that follow.
The management must ensure that there’s transparency between them and the employees. To ensure this, each employee must be evaluated and given a report that will give them clarity regarding their performance.
- Proper training and resources
A good management knows how to get work done from its employees, in the smoothest way possible. The qualities of each manager can be put to test by judging them based on how they get work done from their employees.
A good management will provide all the necessary resources and training needed to make sure that each employee works efficiently and adds value to the company.
The management must also ensure that employees are given constant training which lets them stay updated with the latest trends and technologies.
Some might think investing heavily on training is a waste of time and resources, but little do they realize that this investment is going to pay unparalleled dividends!
- Decision Making
Decision making is a crucial phase of this cycle. Before deciding on a particular point, a good management will listen to its employees. This would include suggestions from all levels of hierarchy. Once they have listened to all the employees, next step is to make appropriate decisions and act on it.
This simple process will help inculcate a feeling of being valued among the employees. This will ensure that the employees feel at home, and work to the best of their abilities.
Basically, all the decisions taken by a manager along with his co-managers should benefit the employees while keeping the interests of the company in mind.
These are some crucial qualities that will help any manager succeed in his organization. Keeping in mind the needs of employees and the organization, making decisions that benefit both the parties is key to being a successful manager.
The Converse Corporate Success
During the early 20th century, Converse had just started manufacturing their sneaker shoes. It was in 1917, when they produced their best selling basketball sneaker: the All Star.
In 1932, they went onto sign the basketball sensation, Charles Hollis to market the All Star. The sneaker got its nickname, “the Chuck Taylor”, thanks to Charles Hollis.
In came the NBA in the year 1946, and Chuck Taylor went onto become the most popular sneakers. The success continued for a few decades before the competition started getting fierce. During the late 20th century, Converse was left with just over 2% of the market share.
In 2001, Converse had filed for bankruptcy. Fast forward to 2003, the 105 year old brand was bought by Nike for $305 million.
Nike’s management had a tough task ahead of them. They had to rebrand the whole shoe brand and appeal to the customers.
This was when they decided to produce the special Kurt Cobain and Ramones editions of their famous Chuck Taylors.
The management had John Varvatos, a famous fashion designer, design a high-end line of the chucks.
This was followed by the “Chuck it” campaign in 2007, which saw Daisy Lowe in black and white photographs with a converse on. This decision boosted the sales of Converse and helped them reinvent the brand.
In the year 2016, Converse sales hit $2 billion !
This has to be one of the best corporate turnarounds ever executed. People credit various factors such as advertising, designing, and much more. What people forget is the fact that there’s a management team filled with seasoned managers who look at the bigger picture and take decisions to make the whole project a success.
Management is the final decision making body that holds together an entire organization. They ensure that their subordinates are well connected to their superiors. Moreover, the decisions that they take can either make or break an organization.
No one is born to be a manager. It takes a lot of learning and experience through the years to be a good manager. BSE Institute Limited and IIM Lucknow, have designed an Advanced Management Program (AMP) to sculpt the leader in you. Be the most talented manager at a young age and reach every destination that you desire.