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Management and Leadership
Lecture 3
Influence and Inspiration
Management consists of controlling a group or a
set of entities to accomplish a goal.
Leadership refers to an individual's ability to
influence, motivate, and enable others to
contribute toward organizational success.
Influence and inspiration
separate leaders from managers, not power and
control.
HBR
Second Half
• Morning is the clearest time
– Do most important focus tasks
• Productivity tips
• Basic Skills
• Managing and Leading
• What get measured gets managed Numbers
– Financial Statements
– Financial Decision Making
– Ratios
– NPV IRR
– KPIs
• Negotiation
• Communication
• Strategy
Vision and Inspiration
• Tapping into his authentic
self
• At his Stanford University
commencement speech,
Steve Jobs, CEO and co-
founder of Apple and Pixar,
urges us to pursue our
dreams and see the
opportunities in life's
setbacks
• https://www.ted.com/talks/
steve_jobs_how_to_live_be
fore_you_die
Turn ideas into action
Productivity and Time Management
Basic Skills
• Success is ultimately determined by your
ability perform and deliver value in a variety
of situations. This requires fulfilling your
potential and becoming most fully who you
are meant to be.
• The skill sets we all need to continuously
develop and upgrade fall into three general
categories: words, numbers, and personal
attributes.
Words and Numbers
• These are the functional skills and the ones that are
inculcated since grammar school, the 3 Rs: reading,
writing, and ‘rithmatic.
• Management and leadership require measurement and
communication skills. Goals, visions, and strategy need
to be articulated. Numbers and quantitative analysis
need to be communicated and explained in plain clear
language. Incentives, targets and metrics need to be
translated from memos and plans, communicated in
language, and implemented in measurable numbers.
These tasks require a facility with words and numbers
and translating back and forth between them.
Numbers
• Accounting and finance is the realm of pure
number. Costs, revenues, valuations, budgets
all require an easy facility and comfort with
numbers, math, spreadsheets and computers.
Those numbers and analyses need to be
communicated to others in the company and
outsiders with an interest in the company’s
performance. This takes communication skills.
Words
• Written and verbal communication skills, as
well as being a wide and focused reader, are
critical to your success and chances for taking
on more management responsibility and
being an effective leader.
Personal Skills
• Personal attributes have to do with developing
your character and cultivating an outward
appearance that reflects a developed inner life. A
career is a relatively long time and there will be
trails, tribulations and vicissitudes to navigate and
endure. It is important to develop resiliency, the
ability to bounce back and endure setbacks. We
need inner strength and an inner compass and
sense of integrity and ability to discern right from
wrong, all embodied in our sense of ethics.
10 Things that require zero talent
Make Your Bed
• If you want to change the
world, start off by making
your bed. If you make your
bed every morning, you will
have accomplished the first
task of the day. It
will give you a small sense
of pride, and it will
encourage you to do
another task, and another,
and another.
– Naval Adm. William
H. McRaven
• https://www.youtube.com/
watch?v=pxBQLFLei70
The little things are big things
Micro Progress Accomplishments
• https://www.nytimes.com/2018/01/22/smart
er-living/micro-progress.html
A different take on Skills
Habits
A Bias Towards Action
A Bias Toward Action
• Adopt a more playful experimental mode of
being: do then think, instead of think then do.
Be action oriented.
• Ready, fire, aim.
• What holds us back?
Fear
• Fear of failure
• Doing the wrong thing
• Looking stupid
• Losing
• Scarcity
• Self criticism
• The only thing we have to fear is fear itself
• What would you do it you knew you couldn’t fail
• Act as if you are totally safe Meister Eckhart
Fear of not good enough
Fear of Change
Management and Leadership Part 3
Management and Leadership Part 3

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Management and Leadership Part 3

  • 2. Influence and Inspiration Management consists of controlling a group or a set of entities to accomplish a goal. Leadership refers to an individual's ability to influence, motivate, and enable others to contribute toward organizational success. Influence and inspiration separate leaders from managers, not power and control. HBR
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  • 4. Second Half • Morning is the clearest time – Do most important focus tasks • Productivity tips • Basic Skills • Managing and Leading • What get measured gets managed Numbers – Financial Statements – Financial Decision Making – Ratios – NPV IRR – KPIs • Negotiation • Communication • Strategy
  • 5. Vision and Inspiration • Tapping into his authentic self • At his Stanford University commencement speech, Steve Jobs, CEO and co- founder of Apple and Pixar, urges us to pursue our dreams and see the opportunities in life's setbacks • https://www.ted.com/talks/ steve_jobs_how_to_live_be fore_you_die
  • 8. Basic Skills • Success is ultimately determined by your ability perform and deliver value in a variety of situations. This requires fulfilling your potential and becoming most fully who you are meant to be. • The skill sets we all need to continuously develop and upgrade fall into three general categories: words, numbers, and personal attributes.
  • 9. Words and Numbers • These are the functional skills and the ones that are inculcated since grammar school, the 3 Rs: reading, writing, and ‘rithmatic. • Management and leadership require measurement and communication skills. Goals, visions, and strategy need to be articulated. Numbers and quantitative analysis need to be communicated and explained in plain clear language. Incentives, targets and metrics need to be translated from memos and plans, communicated in language, and implemented in measurable numbers. These tasks require a facility with words and numbers and translating back and forth between them.
  • 10. Numbers • Accounting and finance is the realm of pure number. Costs, revenues, valuations, budgets all require an easy facility and comfort with numbers, math, spreadsheets and computers. Those numbers and analyses need to be communicated to others in the company and outsiders with an interest in the company’s performance. This takes communication skills.
  • 11. Words • Written and verbal communication skills, as well as being a wide and focused reader, are critical to your success and chances for taking on more management responsibility and being an effective leader.
  • 12. Personal Skills • Personal attributes have to do with developing your character and cultivating an outward appearance that reflects a developed inner life. A career is a relatively long time and there will be trails, tribulations and vicissitudes to navigate and endure. It is important to develop resiliency, the ability to bounce back and endure setbacks. We need inner strength and an inner compass and sense of integrity and ability to discern right from wrong, all embodied in our sense of ethics.
  • 13. 10 Things that require zero talent
  • 14. Make Your Bed • If you want to change the world, start off by making your bed. If you make your bed every morning, you will have accomplished the first task of the day. It will give you a small sense of pride, and it will encourage you to do another task, and another, and another. – Naval Adm. William H. McRaven • https://www.youtube.com/ watch?v=pxBQLFLei70
  • 15. The little things are big things
  • 16. Micro Progress Accomplishments • https://www.nytimes.com/2018/01/22/smart er-living/micro-progress.html
  • 17. A different take on Skills
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  • 20. A Bias Towards Action
  • 21. A Bias Toward Action • Adopt a more playful experimental mode of being: do then think, instead of think then do. Be action oriented. • Ready, fire, aim. • What holds us back?
  • 22. Fear • Fear of failure • Doing the wrong thing • Looking stupid • Losing • Scarcity • Self criticism • The only thing we have to fear is fear itself • What would you do it you knew you couldn’t fail • Act as if you are totally safe Meister Eckhart
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  • 31. Fear of not good enough