Effective Managers and Successful Managers - Essay Example

Employee turnover is an important metric that must be managed well by companies. It is not in the best interest of any company to have a high employee turnover rate. It takes money and time to properly train an employee. Also, new employees must master the learning curve of their job to become effective workers. Another con associated with high employee turnover is the loss of tacit knowledge (Goessl). Employee turnover can hurt a company especially when the firm loses employees that are hard to replace due to a shortage of talent available in the job market. 3. In your opinion, which personality types make better managers?

Why do you feel this way? There are different personality types of managerial styles. Three of those styles are charismatic, transactional, and transformational leaders. A charismatic manager is a person that uses their personal abilities to have a profound effect on their workers. This type of personality is effective at the executive management level. The personality type that I think is most effective for your typical manager is a transactional leader. A transactional manager is a person that performs the necessary exchanges with their employees to ensure they get the job done. 4. What factors do you think to differentiate good decision-makers from poor ones?

Relate your answer to the six-step rational model. A bad decision-maker is a person that does not use the scientific method in order to analyze potential solutions to find the best alternative to solve a problem. Another characteristic of poor decision-makers is that they do not listen to the input from their co-workers. Good decision-makers follow the six-step rational model to make decisions. The six-step rational decision model is illustrated below:Define the problemIdentify the decision criteriaWeight the criteriaGenerate alternativesRate each alternative on each criterionCompute the optimal decision(Simoleansense).5. What variable pay programs does your organization use?

If your company does not use variable pay programs, do you think they should? Why or Why Not? Do you think the addition of these programs would be motivational for the employees in your organization? The organization I work for does not use variable pay programs. I believe that the company should implement the use of a variable pay program. The reason I believe variable pay would be beneficial to both the employees and the company is that the workers would put in a greater effort if they know that they can earn a higher amount of money by performing better.

From the perspective of the corporation paying a little extra for added production is a win-win proposition. 6. Everyone has worked in a group or team before, whether it was at work or another more informal setting. Share some of your personal experiences about teamwork. Did you experience "synergy?" Explain why you felt your own experiences were positive or negative.I have worked in several team settings in the past in the workplace and for school projects. A few years ago I worked on a team project composed of five members.

This group experience was very good since each member of the team worked together towards achieving the same goal. The team was able to achieve synergy. “Synergy is the creation of whole greater than the sum of its parts” (Shermerhorn & Hunt & Osborn, 2003, pg. 173). Due to the synergy, the team achieved the project was complete a week before the deadline, and the output achieved by the team was categorized as excellent by our supervisor.