Leadership and Management are the Arts & Sciences of Decision Making!!!!!
- Communication Skills,
- The ability to integrate feedback & criticism
- Values, and
Leaders and Managers can make decisions that are best for their organizations.
An organizations structure includes: work specializations, departmentalization, chain of command, span of control, centralization and decentralization, and formalization.
Work specialization is to what degree are activities subdivided into separate jobs? Departmentalization is on what basis will jobs be grouped together? Chain of command is to whom do individuals and groups report? Span of control is how many individuals can a manager efficiently and effectively direct?
Centralization and decentralization is where does decision-making authority lie? Formalization is to what degree will rules and regulations be used to direct employees and managers?
The primary purpose of an organizations strategy is to have innovation, cost-minimization, and imitation. Innovation to introduce new produces or services. Cost-minimization by controlling cost, cutting prices of a basic product , no unnecessary innovation or marketing expenses, and imitation minimize risk and maximize opportunity for profit and move into new products or markets after viability has been proven by innovators.
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Writer Tres Mali Scott on TMSC Consulting SVCS, LLC Management & Leadership Division
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