Today, it is more important than ever to have the mindset of a person who keeps things under control. It is no coincidence that the term “management” has roots in Latin where the word manus means “hand,” and agere means “to be guided by hand.” In everyday business life, determination, courage, and flexibility are often more important than grand visions and 120% certain solutions.
When it comes to management, there are sophisticated strategies and an abundance of long-term visions. However, very often, it is other factors that make the difference between success and failure, or turning theory into practice. In everyday business life, common sense, assertiveness, determination, and courage to acknowledge mistakes are just as important as technical know-how.
“Those who engage in management with the right mindset of ‘having things under control’ certainly have an advantage in today’s fast-paced world,” says Dr. Astrid Kleinhanns-Rollé, Executive Director of the WU Executive Academy business school. Managers should not be afraid to bring their personality, including their ‘weaker sides,’ to work.
Based on rich experience working with international managers and companies operating on a global scale, the Executive Director of the WU Executive Academy business school explained what is necessary for long-term management success:
- Combine visions with an environment that will turn them into reality.
In most companies, there is an incredible wealth of ideas and visions, indicating that management professionals need to keep one thing in mind; merely having great visions is useless. It is necessary to create an environment in which they can become a reality. Transformation and change cannot happen if there is no space for the realization of visions. In this context, it is important to ask the right questions: What resources do I need to provide? Are such changes even possible considering our internal structures and corporate culture? Where is our focus and what are our priorities? What about communication – is there a clear distribution of roles? Are we able to target clients effectively?
- Decision-making, decision-making, and again decision-making.
Given the wealth of data available today and the complexity of interdependencies, you may be tempted to delay making a decision. But is it really a good idea to waste several days or even weeks before deciding what to do? There is research evidence that intuition, as a key component of decision-making, has become important again in recent years – precisely because the business world has become more complex.
- Shift from micro-management to macro-management.
Everyone knows the good feeling when at the end of the day you leave the office knowing you have cleared a multitude of your emails and crossed off most tasks from your ‘to-do’ list. However, in the long run, this will prove to be a bad strategy as you do not leave the level of micro-management. When it comes to achieving success at the executive level, it is much more important to make the right strategic decision for the company, refrain from interfering in others’ business, and discard the tendency to solve details.
