Before I came to Boston College, I knew I wanted to start up my own company someday. After I finish Managing People & Organizations, I feel I know how to build my company from a more broadened perspective. It’s like that I used to look at the issue through a peep-hole and then this class suddenly broadens my view by looking through a three-store window. What would make my future company outstanding? The answer now is it will have LIFE: Leadership, Integrality, Fun and Efficient. LIFE not only is the written company core value, but also brings meaning to the company. Building a company, in some sense, is to create a new life with backbone (Core value), flesh (the right People fitting in the company’s value and culture), brain (Leadership) and nerve system (Communication).
Core Value—The Backbone
“Core ideology provides the glue that holds an organization together through time.” It is true, in my experience, that core value is the backbone to a company and a company without core value will end up dissolving partnership. My second employer was a start-up company jointly invested by 6 partners who were business partners and friends. The company did not have core value to guide the day-to-day operation and solve the value conflicts between founders. Some founder liked to use benefit to motive employees and believed employees’ happiness would improve the productivity, while some founder preferred cost saving and focused only on generating revenue. One year later when the
I believe that education; preparation and planning are keys to success. My vision is to apply those principles to my work ethic and applies my knowledge and skills to my professional performance. Therefore, better my workplace delivering excellence in results and stand out as a leader. I strongly believe that the most important part of a business is its people, and example is the best way to express an effective organizational culture.
Thesis Statement: The most successful companies are those that are operated by leaders who invest in and grow their employees.
A company has a future because it provides an important means of knowledge generation. According to Brown and Duguid (1998), it plays an important role in the development and circulation of complex knowledge in society. Grant (1996) introduces four mechanisms for integrating specialized knowledge as above:
| |thing, Creating shareholder value, Respect for all people, Entrepreneurial spirit, Building strong relationships. |
Though my previous experience has enabled me to evaluate the maximum potential value of a company, I realized I am more interested in learning how a company can reach that value. Instead of working for one single company, I would rather work for multiple companies and help them grow. Through my internship this semester, I also knew I wanted to helping developed established companies invest in new strategies rather leading
The second of the core values is duty. Duty is more than that of doing your single job it is making sure that everyone on
The first step in developing a new business is to identify a passion and the second step is to devote to pursuing that passion. The book describes the toll of running and owning a business. Running a business takes lots of time, resources, and effort. Gary suggests that if you are pouring all this time and energy into something, you should at least do it for something you love; something that makes it worthwhile. Leaders in companies often times have to work hard and lead others to work hard as well. Hard work is when passion becomes reality. As business owners, and employees, are faithful in the menial, day to day things, they incline themselves (and their companies) for more. Dedication is attractive to customers. If consumers see the hustle a company invests into their products and services, they will be led to purchase or use the product. Ultimately, the leadership shown through dedication and passion play a major part in the successful
Incorporating day to day life coaching for employees is not only good management it is smart leadership. This management style thereby creates harmonious office morale and adds competence and professionalism to the business branding. Peoples Keys (2013) informs the benefits of life coaching for employees. People Keys (2013) asserts:
In order to fulfill the company’s core purpose and philosophies while still maintaining a viable
The main objective of this semester was to learn various organizational behaviors that are conducted in a business environment outside the classroom; these would help us as students and as future business entrepreneurs. Throughout the semester, every week different professors came and gave us lectures. Each lecture was about different topic with professors of different departments. Along with the weekly lectures we also had an interactive session that gave us the opportunity to apply the lessons and techniques learnt in our professional and personal lives.
Throughout our final semester of study at Maryville, our cohort has studied Peter Senge’s, The Fifth Discipline: The Art and Practice of the Learning Organization. Rather than set of management practices, the book describes how organizations, especially those that are sustainably competitive, know how to learn. These “learning organizations” are continuously learning how to work together, where the norm is producing their best. In the book, Senge identifies five essential elements, that when practiced together, create perfect conditions for an effective learning organization. These five practices are Personal Mastery, Mental Models, Shared Vision,
Collins, J.C. & Porras, J.I., 1995, ‘Building a visionary company’, California Management Review, vol. 37, no. 2, pp. 80-100.
In addition, be sure to provide inspirational vision and strong values, meaningful and challenging work, offer career opportunities, create an environment that enables people to do their best work, offer tangible rewards in both monetary and non-monetary ways and ensure work/life balance and support its importance.
As I sat down several weeks ago to begin writing this case study, I struggled with how I wanted to lay the paper out, however, when I opened Lee Scott’s 21st century leadership speech that was part of the required reading, the following quote struck me as the essence of the whole case study, so I would like to share it with you. You know, we are in uncharted territory as a business. You won’t find any case studies at the Harvard Business School highlighting answers for companies of our size and scope. If we were a country, we would be the 20th largest in the world. If
As I seek to enter the workforce/company, one of the first things that I wish to remember is the importance the company has placed on their strategic planning and goals. How decisions made by this team will directly affect the operations, finance, accounting, purchasing and administrative departments. The things that help to make any organization successful, are the value the organization places on their strategic, and operational goals. Therefore, before taking a position with a company I hope to learn as much as I can about the various functions of the company, and how each department works with the next in order to achieve these goals. Thus, I hope to use the knowledge I have gained in this class in operations management to access the company’s operational strategies. This should be reflective in their mission and vision statements as well as their financial reports. I would also look for the value they place on ethics, corporate responsibility and giving back to the community. I feel a company’s success will be directly tied to how effective they are in meeting the daily challenges of processes/production/service, operations, and sales. The value placed on these specific areas will be evident by their success and reflective in both their short and long term goals, in their financial statements.