Five Things that Effective Managers Do Differently: How to Model after Success

Lake Effects Blog

Thursday, February 13, 2014

What makes an effective and successful business manager?  It is a combination of a variety of attributes and a constantly expanding skill set.  The best executives in the world define themselves as “lifelong learners” constantly seeking new experiences to broaden their understanding and support their own personal and professional growth.

What do top performing managers do differently or better than everyone else?

1.       Recognition and Acquisition of Talent

Would it surprise you to learn that during this economic recession, many corporations are actively hiring?  The reason is simple.  There are a number of qualified and experienced applicants available during a strenuous economy.   Where supply exceeds demand, the opportunity to acquire highly talented professionals is now, when they can be attained and are more affordable than in a robust economy.

A corporate leader has a refined ability to identify, source and hire personnel for key process areas.   Understanding that an organization is built on talent and human resource, it is an important skill to attract and retain personnel.   Is this an executive skill you already possess? 


2.       Strategic Process Evaluation

Top Managers are strategic thinkers who can evaluate the efficacy of business process and provide changes and recommendations to streamline and make them more efficient.  A successful leader evaluates the key performance indicator (KPI) of each vital function to the organizational process and can simplify them.

Can you isolate important processes and implement improvements that will work?


3.       Forecasting and Setting Benchmarks

Reviewing metrics and other data to determine brand or product performance, the effective Manager will define a strategic plan and implement specific targets and benchmarks to measure success.   Setting goals for the organization is only one part of the strategic spectrum since performance is really measured based on results.

How well are you able to research and predict outcomes and fluctuations in economic demand for your product or service? 


4.       External Time Management Skills

Managing your own time is crucial to being an effective executive, but managing time waste is a daily activity and a constant battle.  Effective managers are able to collaborate efficiently with their team, which means encouraging input and contribution while remaining concise about the purpose of the meeting and results.

Are you able to control instances of time waste in your collaborative meetings?  Can you identify the classic “time wasters” and moderate them to achieve your goals? 


5.       Defining Leadership and Core Values

A corporate leader understands that the entire organization takes the queue from him or her with regards to goal setting, organizational direction and even the reinforcement of the internal business culture.   The qualities of an effective leader inspire the best efforts of the team and the best results.

Do you feel it is your role to inspire your team and act as a role model for performance within your organization?

Lake Forest Graduate School of Management understands that every student of our Leadership MBA program has an outcome in mind.  Graduating from a quality MBA program will create new opportunities to grow within your current organization or provide you with a recognized designation that will place you at the front of the line.  Our Faculty represents innovative and strategic business leaders who provide quality instruction to prepare you for the next level of qualitative business management.

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