Reflection on business concepts and principles
Essential concepts and principles in business management are personalities, leadership, communication, and decision making. In my own opinion, an efficient and good director or manager is the first and prime leader. First, a well-rounded director or a leader should have the ability to assess people, events, or situations and make well supportive and smart decisions. A leader or a manager with a great personality has the ability to motivate individuals and come up with decisions supported with good and effective communication skills. In my own knowledge and experience, a good and well-rounded director not only does she or he posses the ability to communicate effectively but also, he or she can motivate individuals in the workplace as well as having a great personality. Therefore, I can define an effective and good manager as a person who possesses the skills to direct people in all aspects of management and business.
Be a leader not only a manager
From what I have learned since I joined my study program and little knowledge of business concepts and principles, the term a leader and the term manager have two different meanings. A manager is an individual who can direct people or employees to complete a daily task. On the other hand, a leader is a person or someone who has the ability and skills not only to partake the responsibilities of a manager but also an individual who directs and leads a team to partake duties and responsibilities that will lead to the accomplishments of an organization’s goals and objectives (American National University, 2017). In my perception, a manager can be any person without having the capabilities of leadership skills, but a good and effective leader has to possess management capabilities as well as the ability to lead a team or group of people or employees.
Build your team
Before joining my course, I knew little about the importance of building a team in the workplace. Throughout my course have discovered the importance of having teamwork as a manager and leader as well. Teamwork has various advantages to the performance and functionality of a company or an organization. An effective and effective team has the ability to attain the success and growth of a company (Michael E. Gerber, 2012). In addition, a team in the workplace not only motivates unity among employees but also offers different perspectives and feedbacks in decision making and problem-solving. Further, a team or a group provides improved productivity and give each individual in the team great and friendly learning opportunities.
Be a motivator
After I learned the importance of motivating employees in an organization, I have come to realize the importance of motivating employees or individuals in the workplace. There are various reasons why leaders and managers need to motivate their employees or their teams. First, motivating employees ensures that the organization or the company meets its goals and objectives. Without motivation, a company or an organization can be placed in a risky position. A motivated team of employees increases the productivity of the company and also allows the company to achieve great levels in their outputs (Michael E. Gerber, 2012). An unmotivated employee or an individual in a team will only use his or her time to surf the internet to look for other job alternatives or for personal gain or pleasure. This will lead to wastage of time.
Improve as communicator
My course has helped me to gain more knowledge about effective communication skills to only to leaders and managers but also to the entire organization or the company. A leader should possess good and effective skills. As a manager or a leader, I should have good communication skills since my team or employees entirely depend on it. An effective and efficient leader and a manager should be able to effectively communicate the company or organization’s goals and mission. A leader can not motivate his or team if they don’t understand what the company’s goals and objective (Zwilling, 2015). However, from my own knowledge and what I have gained from learning business concepts and principles, communication skills can be improved through frequent and rampant practice. Good communication skills are essential for business growth and success.
Get better at money management and time management
In my own opinion, the main aim of starting a business is to earn money, and a company or an organization has to make profits. This implies that to start a business, there is a need for starting capital, and the business expenditure should below or less than the starting capital. Leaders or managers have a huge influence on the functionality and expenditure of different departments; therefore, they should have a clear understanding of each department. Thus, it’s the responsibility of a manager or a leader to effectively help the company or organizations, employees, and even himself or herself to better manage the organization’s money (Zwilling, 2015). In addition, a good leader or a manager should manage his or her time well as well as the time of others. I have learned that proper time management makes a leader or a manager become more effective.
Improve yourself, practice ethical management, take a break and bottom line
I have learned the importance of leader improving himself or herself, practicing ethical management, taking a break, and the bottom line of been a leader. Hence a leader should be able to identify his or her weaknesses and improve on them (Zwilling, 2015). Again, a good leader should ensure that ethical values are effectively practiced in the company. Leaders become less effective, less tolerant if they get overworked or stressed. Taking a break is essential since it improves a leader’s productivity. Lastly, leadership skills can be improved with time since they can be learned over time.