THE COMPANY PROJECT

1
THE COMPANY PROJECT

• Notes and Information
• Due date Wednesday, January 11th
• Working Sessions
• Tuesday, January 3rd
• Thursday, January 5th
• Monday, January 9th

2
Chapter 8

• Leadership In Management

3
GROUP WORK Leadership Qualities

• Leadership in management providing direction
  and vision
• You can be a good manager, but not a good leader!
• Motivation Initiative
• Confidence
• Communication
• Human relations
• Integrity
• Most highly valued quality in a leader
• Holding onto principles like honesty, loyalty and
  fairness

4
GROUP WORK Leadership Styles

• Autocratic Leadership
• Means self-ruling leader funs everything
  him/herself and answers to no one
• 20-30 years ago was main leadership style
• Democratic Leadership
• Managers and employees work together to make
  decisions
• Free-Rein Leadership
• Leader sets goals for managers and employees and
  then leaves them alone to get the job done

5
GROUP WORK Leadership Styles

• Autocratic Leadership
• Make all decisions without consulting anyone
• Have negative assumptions about their workers
• Disadvantages
• People dont like to work for them
• Dont inspire
• Dont give credit for others work
• People work hard when theyre there, but when
  they leave, theyre less production
• Usefulness
• When important to obey orders without questions
• Firefighters, combat troops, police
• Example Henry Ford
• Hired secret police to spy on his managers

6
GROUP WORK Leadership Styles

• Democratic Leadership
• Leader makes final decision, but listens to
  managers and employees
• New ideas are encouraged
• Workers are given more responsibility
• Workers are more productive and creative
• Leader shows worker he/she has confidence in
  them workers are more likely to have confidence
  in the leader
• Alfred Sloan, chairman of General Motors
• Broke his company into divisions and gave
  managers the power to make decision

7
GROUP WORK Leadership Styles

• Free-Rein Leadership or Hands-Off Leadership
• Shows the most trust and confidence in workers
• Deal with big decisions and keep managers
  informed
• Are available for questions or problems
• Delegating
• Why delegate?
• Not enough time to run everything along
• Can focus of more important work
• Gets employees more involved
• Gives employees a chance to develop to their
  potential
• When NOT to delegate
• Laziness
• Lack of confidence in management/workers
• Dont want the responsibility

8
GROUP WORK Self-Managed Teams

• Self Managed Teams
• Started in Japan
• Work groups that supervise themselves
• Too many middle managers
• Manager Team leader
• Organization
• Each team member has a special skill
• OR
• Team selects one team leader
• Team Leaders job is to motivate the teammembers
  to work together toward a shared goal
• Advantages to Self Managed Teams
• More goal-oriented than task-oriented
• Faster and more efficient
• Members learn each others jobs and obtain new
  skills
• Simplifies the decision-making process
• Members learn to participate and cooperate with
  each other
• Teams learn to solve their own problems

9
So what? Why are we learning the about these
things?

• You will analyze your and others leadership
  style following your group work on the Company
  Project

10
Company History

• Companys website
• http//www.fundinguniverse.com/company-histories/
• On Media Center website under Business Resources

11
Financial Information

• Company financial statements and analysis
• Companys websites
• Company stock quotes
• www.yahoo.finance.com
• Provide performance graph for the last 6 months
• Input June 1, 2011 through January 9, 2011

12
SWOT ANALYSIS
What is a SWOT Analysis?
Strengths Opportunities
Weakness Threats
Internal External

• S Strengths
• W Weaknesses
• O Opportunities
• T - Threats

13
Strengths Examples
Think about what your company does well. What
makes you stand out from your competitors? What
advantages do you have over other businesses?

• Experience, knowledge
• Finances capital and funding
• Distribution
• Innovation and research
• location, geographical
• price, value and quality
• Technology and communications
• Advertising and promotion
• Customer service

14
Weaknesses Examples
Think about what your company does not do well.
What makes them fall below their competitors?
What disadvantages do you have over other
businesses?

• Reputation
• Inability to meet deadlines and pressures
• Financial capital and funding, high expenses
• Distribution
• Resources scarce or expensive
• Lack of innovation
• Unstable management/ management structure

15
Opportunities Examples
Try to uncover areas where your strengths are not
being fully utilized. Are there emerging trends
that fit with your company's strengths? Is there
a product/service area that you could do well in
but are not yet competing?

• Target markets and demand
• Innovation and technology development
• Global influences
• Geographical import, export
• Major contracts, tactics and surprises
• Business/product development
• Research work and information
• Partnerships, agencies and distributions
• Volumes, productions and economies
• Multi influences seasonal, fashion
• Promotion

16
Threats Examples
Look both inside and outside of your company for
things that could damage your business.
Internally, do you have financial, development,
or other problems? Externally, are your
competitors becoming stronger, are there emerging
trends that amplify one of your weaknesses, or do
you see other threats to your company's success?

• Politics, law and legislative
• Environmental effects
• Technology and communication
• Competition
• Demand
• Supply
• Technology
• New contracts and partners
• Loss of resources
• Economic condition home, abroad
• Seasonal and other influences

17
Final Reminders
REFER TO YOUR RUBRIC OFTEN! Rehearse, rehearse,
rehearse! Due date Tues, June
5th Presentations Tues, June 5th Thurs, June
7th Working Sessions Tuesday, May
22nd Wednesday, May 30th Friday, June 1st (1/2 of
block)