Managerial Team

 

 

 

Topic 5:2:1 Managerial Team

 

Managerial Team is the group of individuals that operate at the higher levels of an organisation and have day-to-day responsibility for managing other individuals and maintaining responsibility for key business functions.

 

Team management is the ability of an individual or an organization to administer and coordinate a group of individuals to perform a task.

Team management involves:

Ř teamwork,

Ř communication,

Ř objective setting

Ř performance appraisals.

 

It is the capability to identify problems and resolve conflicts within a team. There are various methods and leadership styles a team manager can take to increase personnel productivity and build an effective team. 

Management teams are a type of team that performs duties such as managing and advising other employees and teams that work with them.

The management teams are held accountable by the company’s board of directors. Some organisations may operate with a four flat team hierarchy with one or just a few layers of management while other companies may operate with several layers of the management team.

 

Role of Management Team

-  everybody needs to put their best foot forward to jointly produce a winning strategy

-  another purpose is for teams to support each other. They can challenge each other, they can   question each other.

- the CEO uses help the managerial team to get the task done

- the team works continuously on the company’s strategy, preparing proposals for the board of directors.

 

Principles of Managerial Team

i.                   Planning – choosing appropriate goals and actions to pursue and then determining what strategies to use, what actions to take and deciding what resources are needed to achieve the goals

ii.       Organizing – process of establishing worker relationships, allows workers to work together.

iii.      Leading – involves articulating a vision, energizing employees, inspiring and motivating people using vision.

iv.      Staffing – recruiting and selecting employees for positions within the company.

v.       Controlling – evaluate how well you are achieving your goal, improving performance.

 

Types of management styles

i.                   Autocratic – most controlling, tend to make decisions without soliciting input

from subordinates.

ii.                 Democratic - generally seek input from subordinates while retaining the authority to make the final decisions.

iii.              Lassez-faire (Free-rein style) – least controlling.