Question

In: Operations Management

when a company hires their management staff the goal is to hire someone with both management...

when a company hires their management staff the goal is to hire someone with both management and leadership ability/skills. explain the abilities of the person you were looking for. be sure to distinguish between these abilities.

Solutions

Expert Solution

The abilities of a person who is both a good manager and a leader s will be as below=

Leading from the front= For an individual to be effective as a manager and a leader it is important that he has the skills of leading the other members by example. The people should take inspiration from him and he must exhibit the leadership skills by initiating and being proactive.

Effective decision making= A person must be able to take the right decision at the right time so that the organization can capitalize both on the opportunities and deal with the possible threats.

Effective interpersonal skills= The person must be able to have good interpersonal skills with others. he must be able to motivate and inspire others, help them when the others are in need and become like a mentor when they need his guidance.

Risk-taking ability- An effective leader and the manager is one who understands that only high-risk opportunities yield in higher returns. Thus the person must be having the risk-taking ability.

Good communication= For an effective leader and manager, it is important that he must be able to interact and communicate with others effectively. He should not only be able to express his opinion and thoughts but also be able to understand the interaction and opinions of others.

Innovative= It is important for the person to have an innovative manner of doing things. he should come up with the unique and innovative methods of ding work so that he can utilize the scare resources of the firm effectively.


Related Solutions

Company Law ILAC Truck Hire Pty Ltd (Truck) is a company that hires out large machinery....
Company Law ILAC Truck Hire Pty Ltd (Truck) is a company that hires out large machinery. Since January 2020 the company has been in a difficult financial position. The Board of Truck have passed a resolution to sell some of the assets to reduce their debt. Sally and Tom are two shareholders of Truck, they obtained a valuation report that shows the assets have been sold off at a significant undervalue in breach of s 180 of the Corporations Act...
Truck Hire Pty Ltd (Truck) is a company that hires out largemachinery. Since January 2020...
Truck Hire Pty Ltd (Truck) is a company that hires out large machinery. Since January 2020 the company has been in a difficult financial position. The Board of Truck have passed a resolution to sell some of the assets to reduce their debt. Sally and Tom are two shareholders of Truck, they obtained a valuation report that shows the assets have been sold off at a significant undervalue in breach of s 180 of the Corporations Act 2001 (Cth). Advise...
An insurance company hires its new staff from three agencies, A, B and C, in the...
An insurance company hires its new staff from three agencies, A, B and C, in the ratio 6:1:3. Its staff records show that 12% of recruits from Agency A, 15% of recruits from Agency B and 20% of recruits from Agency C have been judged “unsatisfactory” at the end of their first year. (a) What is the probability that a randomly selected recruit is judged “unsatisfactory”? (b) The company has just assessed a random sample of 15 recruits from a...
Truck Hire Pty Ltd (Truck) is a company that hires out large machinery. Since January 2020...
Truck Hire Pty Ltd (Truck) is a company that hires out large machinery. Since January 2020 the company has been in a difficult financial position. The Board of Truck have passed a resolution to sell some of the assets to reduce their debt. Sally and Tom are two shareholders of Truck, they obtained a valuation report that shows the assets have been sold off at a significant undervalue in breach of s 180 of the Corporations Act 2001 (Cth). Advise...
Truck Hire Pty Ltd (Truck) is a company that hires out large machinery. Since January 2020...
Truck Hire Pty Ltd (Truck) is a company that hires out large machinery. Since January 2020 the company has been in a difficult financial position. The Board of Truck have passed a resolution to sell some of the assets to reduce their debt. Sally and Tom are two shareholders of Truck, they obtained a valuation report that shows the assets have been sold off at a significant undervalue in breach of s 180 of the Corporations Act 2001 (Cth). Advise...
When management hires new employees one essential factor in their hiring decision making is to evaluate...
When management hires new employees one essential factor in their hiring decision making is to evaluate how each candidate will fit into their corporate culture. explain the statement and it's importance. also explain management role in the developmental of their corporate culture.
In a hospital the doctor wish to decide to hire staff. He knows that he needs...
In a hospital the doctor wish to decide to hire staff. He knows that he needs to have more ward-boys every weekend on other days, but he is trying to find if the need them constant across the rest of the week. He collects data for the number of counters needed day for two months. Use α= 5%. Here are the data: (Hint: ANNOVA TEST) Mondays:        296,    243,    318,    276,    297,    329,    332,    285,    331 Tuesdays:       263,    299,   ...
A rural clinic hires its staff from nearby cities and towns on a part-time basis. The...
A rural clinic hires its staff from nearby cities and towns on a part-time basis. The clinic attempts to have a general practitioner (GP), a nurse, and an internist on duty during at least a portion of each week. The clinic has a weekly budget of $1,200. A GP charges the clinic $40 per hour, a nurse charges $20 per hour, and an internist charges $150 per hour. The clinic has established the following goals, in order of priority: (1)...
French Corporation wishes to hire Leslie as a consultant to design a comprehensive staff training program....
French Corporation wishes to hire Leslie as a consultant to design a comprehensive staff training program. The project is expected to take one year, and the parties have agreed to a tentative price of $72,500. French Corporation has proposed payment of one-half of the fee now, with the remainder paid in one year when the project is complete. Use Appendix A and Appendix B . If Leslie expects her marginal tax rate to be 20 percent this year and 30...
French Corporation wishes to hire Leslie as a consultant to design a comprehensive staff training program....
French Corporation wishes to hire Leslie as a consultant to design a comprehensive staff training program. The project is expected to take one year, and the parties have agreed to a tentative price of $77,000. French Corporation has proposed payment of one-half of the fee now, with the remainder paid in one year when the project is complete. Use Appendix A and Appendix B. Required: a. If Leslie expects her marginal tax rate to be 15 percent this year and...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT