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Reflection paper on Managerial Mind sets

Category: Financial Management Paper Type: Report Writing Reference: HARVARD Words: 2550

The first week of our lecture was about the managerial aspects. It is generally referring to the management styles and different techniques that a manager can adopt to run an organization effectively. After learning about the managerial mindset I critically analyze myself as a future manager. In my opinion, a good manager should have thoughtful mind-set. A reflected state of mind allows the manager to be more thoughtful and reflected, to look at accustomed experiences in an innovative light, and to create the conditions for the development of innovative products and services. A manager should manage his organization with an analytical mind-set. Logical mind-sets make sure that you make your judgments based on detailed quantitative and qualitative data. In my perspective, a manager should interpersonal in organizational nature. As a future manager, I will surely represent my working team with my whole organization and with the whole community. I will hire, train skilled, and encourage employees. I will also sustain contact and communication with stakeholders and colleagues external our instant chain of expertise. 

In future practices, I will manage my organizational culture with collaboration and communication mindset. Collaborative practices and mindset nurture relationships between the people and the teams that would make our services and products. As an alternative to managing people, I will mainly focus on handling my relationships with my organization. I will surely Lead by engaging them. The mindset of a good manager should decisional. I will adopt the best techniques to make my decisions situational and best for my organization. It will help me as well as my organization to run in very effective manners. I will manage crises triggered by, suppliers, systems, customers, or accidents. These are some of the many managerial mindsets and techniques which I learned from my first lecture and decide to adopt then in my future practices.  

Week 2: Emotional Competence  of Managerial Mind sets

In the second week's lecture, we learned about the emotional competencies. Emotional competence defines as a person's capability to freely express their own emotions and derive from emotional intelligence, that is, the ability to identify emotions. Competence is the skill level with which a person interacts beneficially with other persons (Saarni, 2000). In the week two lecture, I learned a lot about emotional intelligence. With the help of emotional competence, people can respond to their own emotions and those proficient by other individuals. A person can react correctly when somebody's experiences like feelings of fear anger and pain. Emotional competence is considered to be the functional capacity which helps a person in achieving his goals after an encounter that evokes emotions. In my opinion, emotions are the building blocks of self-efficacy. We can use emotions as a set of different skills which can lead to the expansion of emotional competence. The acquisition of emotional competence skills is critical for self-efficacy. I can state my theoretical position on theories on emotions, cognitive development, and social learning. My theoretical approach in each of these areas will be integrative and will focus on self-development with a strong socio-constructivist perception. I enjoyed the cultural and popular theories of emotional regulation during the second week. It also included an interesting section on the influences of parents and peers on emotional regulation. From my emotional skills class, I discovered that I appreciate the ability to think logically found in emotion: to describe the importance of feelings, to attach them, to also use emotional knowledge as a base for thought and making decisions.

Week 3: Culture and Diversity of Managerial Mind sets

In the third week's lecture, we learned about some aspects of culture and diversity. I concluded that Cultural diversity occurs when differences in population are well portrayed within a culture. That includes class, gender, maturity, power, nationality, ethnicity, social class, gender, ideology, or attraction regarding socioeconomic status.  The community is inclusive of serving a huge range of communities. When applied to the workplace, cultural diversity has grown into a hot-button problem. It could advantage the work environment. People of different backgrounds have diverse perspectives. Their commitment makes it possible for the group to look at troubles from all directions. The results are commonly innovative. To strengthen diversity, it must be respected to incorporate theology. It is even more relevant than this be integrated into the practice of the company. It takes time and patience to accept the diversity of people. Employees must be willing to be open and immoral about the magnitude of the discrepancies (Kirmayer, 2004). Without this commitment, a community can be undermined by cultural diversity. Differences in the interpretation of events can lead to misunderstandings. If left untreated, embarrassment and resentment arise. Prejudice will worsen this effect. People can make wrong assumptions and interpretations. After analyzing this concept, I evaluate that The problem with diversity is that it brings a few people out of their comfort zone. Some experts describe the makeup of the right team as individuals who come from the same community, race, working background, or social class. When everyone on the squad has a diverse collection of personal experiences, so the uncertainties that come up will make you feel scared. Diversity in the organization allows for the diffusion of strengths and disadvantages so that their impacts are substantially reduced and maximized. No longer what the criteria of a project may be, there will be someone who will step up and lead the team to a positive result.

Week 4: Business Sustainability of Managerial Mind sets

My concept about business sustainability that linked with over the past decade, the number of companies that have switched to sustainable practices has increased significantly. I have learned about "Business Sustainability", that develops from cradle to cradle and it is "creating shared value" that is increasingly adopted by the industry as part of its operational framework. Industry practices are changing and sustainability is paramount. Businesses go beyond legal compliance (Olson, P.D., Zuiker, V.S., 2003). These efforts demonstrate the responsibility of the private sector for sustainable change and provide solutions that combine the for-profit nature of their business behavior with the pursuit of social and environmental well-being. However, I learned that the relationship between the private sector and the sustainable development agenda is complex and fundamentally paradoxical. The capital system in which our industry is supposed to operate is based on the "use" or exploitation of potential opportunities. It, therefore, remains difficult to draw boundaries: to what extent can companies be considered sustainable if resources are used continuously, this question arises in my mind. I also learned about how measures to reduce the social and ecological impact while the company continues to use natural capital to be considered "real" sustainable. It would depend on how one defines ‘sustainability’. I was allowed to learn a unit of Business Sustainability and put this practice this term.

Reflection is the part of my learning and it is discussed from the dialogues we had over this six-week period– those around the nature of and rhetoric used in describing sustainable businesses – that has prompted me to outline some of our discussions in this piece. There are some takeaways that I believe are worth sharing and brought to the fore when discussing sustainability in the business context. Specifically, what is meant by a “sustainable business”; how one could look like; and more importantly, how one should look like. 

I had the opportunity to learn a unit of Business Sustainability and to put this practice in this term. Reflection is part of my learning and is discussed based on the dialogues we had during these six weeks - those related to nature and the rhetoric used to describe sustainable businesses - which prompted me to discuss from some of our discussions in to sketch this piece. There are some things to remember that I think to deserve to be shared and come to the fore when we are talking about sustainability in a business context.

Week 5:  Management & Leadership Skills of Managerial Mind sets

In this reflection, I get the concept of management and leadership. Leadership is an important function of management, which helps to maximize efficiency and achieve organizational goals. The directives here mean teaching subordinates how to effectively and efficiently do their jobs attempting to critique and develop my leadership and management skills, as this is necessary for the changes needed in the improvement plan (Mujtaba, 2013). In this phase, I established my strengths in leadership and my needs for growth. I have used colleagues' self-assessment and suggestions in the context of my colleagues. I also reflected on my vision and leadership style and defined other areas that could make me a more flexible leader, as it is crucial for the person to develop those skills that will support me in the future workplace.

I formulated a SMART (specific, measurable, goal-oriented, practical, and time-bound) action plan (Lunenburg, 2011). Leadership is vital and central in today's world. My dream of leadership is to be a transformational leader. This type of leader can express his dream, inspire his team, and gain engagement that promotes success. I want to inspire my workers by offering them targets that seem appropriate and within their means. This will give them a diverse and stimulating professional life, and their interests will grow and grow. That was highlighted in my comments I talked with my friends about. It's not always possible at times and I will get into a transaction manager in tough times.

I still get the impression that the "reward and penalty" that characterizes transaction management falls into play when I have to express expectations that people resist. My theory of leadership and management is to be a leader with motivational values and reputation. That should include being attentive, hard-working, efficient, professional, and welcoming. If I can fulfill these criteria, I feel as a manager and/or manager I have credibility. To be successful, it is important to judge yourself and understand self-awareness. The ability to identify their strengths and areas of development can lead to setting realistic parameters and using their strengths, interests, and skills.

Week 6: Working in Syndicate Teams of Managerial Mind sets

Syndicate Teams is a team of people who are responsible for researching, marketing, and pricing larger transactions on the sales side, especially corporate bonds, loans, or stocks. I learned that work in the Syndicate Teams, it is important for companies trying to launch a new agreement (Buon, 2004). Syndicate Teams is an organized group of almost everything - businesses, other entities, or even individuals. The group is organized regardless of the entities that make it up. The main notable feature of working in Syndicate Teams is that they work together to do some sort of business to pursue and promote their collective interests. I have learned through discussion - almost entirely in the case of companies and Syndicate Teams- the main objective is to promote goods and services and increase profits for all the companies involved.

The concept that reflected in my mind that a team is more than the sum of its parts. It was essential to assess what we did, to recognize, and to combine our strengths and our contacts to create something stronger than each of us individually possesses. It also became clear that real dynamics and dynamism were being formed and we realized that the team itself was developing an identity much more than the additive talents of the people who make it up.

The main learning point is not to get involved in the task and to spend time fully assessing the problem. In retrospect, we should have invited other people to the team and prepared to spend more time with the main actors than us. We immediately assumed that the problem was much more complex than it was. I believe the main notable piece of working in Syndicate Teams is that they work together to pursue and promote their collective interests.

Reflection Summary of Managerial Mind sets

Reflection is the part of my learning and it is discussed from the dialogues we had over these six weeks. I learned about the important topics that I reflected above individually.

In the first week, I learned from the first term which was managerial mind-set. I conclude that Managers are human beings, not superheroes. But if they are somewhat acquainted with yet another way of seeing the world, they can more quickly understand which qualities are required or change their minds accordingly. This is the responsibility of leadership and organizational learning systems to have a shared framework and context through which workers can keep one but others responsible.

In the second week, The term was Emotional competency. I learned that Emotional competence corresponds to the cognitive skills that are necessary for the identification, understanding, and positive reaction of emotions in oneself among others. The term implies lightness with others and defines the capacity to behave and communicate efficiently and successfully.

 

In the third week, The third term is Culture and diversity. We all know that our society forms us, forms our actions and our personality. Culture is our lifestyle; it contributes to the shared vocabulary, principles, ideals, norms, habits, and material artifacts that are passed from one generation to the next. Cultural diversity is essential as our world, our workplaces, and our communities are increasingly made up of various political, ethnic, and racial groups. We will learn from one another, and we must have a certain comprehension from each other first.

In the fourth week, I learned about business sustainability that promotes and demonstrates the responsibility of the private sector for sustainable change and provides solutions that combine the for-profit nature of their business behavior with the quest for social and ecological well-being. I believe that business sustainability is worth sharing and brought to the fore when deliberating sustainability in the business context.

In the fifth week, I have learned about leadership and management skills and apply in various contexts. I give you an example of a group of friends. When we received the task in a couple of weeks ago, we share the task responsibility as according to our command. Management skills are also important to manage things, without leadership management is not possible. According to my philosophy of leadership and management is to be a leader with motivational values and reputation. A person must be attentive, hard-working that wants to lead and manage the organization.

In the six weeks, A Syndicate Teams is a planned group of practically everything - businesses, or even individuals. The syndicate group is systematized regardless of the entities that make it up. The main notable feature of working in Syndicate Teams is that they work together.

References of Managerial Mind sets

Buon, T., 2004. Not another syndicate group: Making group work a worthwhile exercise. Development and Learning in Organizations: An International Journal18(1), pp.15-17.

Kirmayer, L.J., 2004. The cultural diversity of healing: meaning, metaphor, and mechanism. British medical bulletin69(1), pp.33-48.

Lunenburg, F.C., 2011. Leadership versus management: A key distinction—at least in theory. International Journal of Management, Business, and Administration14(1), pp.1-4.

Mujtaba, B.G., 2013. Managerial skills and practices for global leadership. ILEAD Academy.

Olson, P.D., Zuiker, V.S., Danes, S.M., Stafford, K., Heck, R.K., and Duncan, K.A., 2003. The impact of the family and the business on family business sustainability. Journal of business venturing18(5), pp.639-666.

Saarni, C., 2000. Emotional competence: a developmental perspective.

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