Over the course of my semester with Mr. White, serial entrepreneur and current startup CEO, I learned the art of management not only in theory, but in practice.
Before trying ourselves out in the role of managers, it was essential to understand the origins and rationale of management theory. So, at the beginning of the semester, we selected and thoroughly researched a fundamental management theory and its creator. I chose to learn more about Peter Drucker and his Knowledge Worker theory, and you can feel free to read my findings in the attached document.
After familiarizing ourselves with the origins of management, it was important to understand the role of people in the management process. As a class, we learned and practiced different styles of management, even taking a personality test to determine our own style. We evaluated case studies of good and bad management, and analyzed the impact of communication on a manager's success.
Every unit of our class was dedicated to one of the basic management functions - together known as POSDC.
For the first function, Planning, my small group selected Nike, a well-known sportswear company, and compiled a Vision/Traction Organizer, a standardized document that most businesses create and regularly revise in order to establish long-term goals and ensure continued company success.
Next was Organizing, which combined the high-level planning we learned in the first unit with specific short-term tasks and resource requirements. To simulate a time and money-sensitive situation that would require in-depth organizing, our group chose to plan the launch of a new Nike product line in collaboration with Taylor Swift, a trending music artist with a large following. We created a thorough operational plan, a comprehensive budget, and even a task flowchart, all of which you can see below.
In the Staffing unit, we gained and exercised key Human Resource Management skills such as writing and publishing job postings, interviewing candidates, negotiating compensation and leading performance reviews. We also created an accountability chart, which you can see below.
The Directing function was not marked by a definite lesson or unit. Instead, throughout all of the other units, each team had a role rotation system, from middle management to the CEO. Such a system not only created clearly defined responsibilities, but also fostered accountability, collaboration and mutual feedback that helped the team learn, adapt and succeed.
Finally, for the Controlling unit, we participated in a judging panel for business students in the Entrepreneurship Course, evaluating their final company pitches. Putting together all of the management skills, we assessed the accuracy and feasibility of their proposal, addressed areas of improvement and suggested potential modifications, ultimately ensuring that members were prepared to think critically and present their pitch to real investors.