The management team consists of a variety of individuals who hold key responsibility for keeping the organization running smoothly and for addressing organizational issues. The management team plays an important role in the execution of the organization’s plans and strategies as well as in identifying risks and in planning response to those risks. The management team role is therefore usually very critical in an organization.
Many people confuse the management teams function with that of a team of specialists. While there are similarities, the difference between these two groups is that the latter plays a more organizational role than the former. Management teams do not implement specific projects or policies; they simply act as representatives for their principals and help them communicate with their staff. They are usually involved in the process from the earliest stages through the conclusion. They can be involved in assessing a problem or designing a solution to a problem.
The management team works as a team towards one common goal. They help the senior management get stuff done. For instance, they might be responsible for ensuring that all the information that is critical for decision-making is in place and that is not missing. The ceos may delegate the job to their team members; however, the manager retains full authority over the workings of his team. If the CEO’s plan does not get implemented, then the fault lies with the management team because they failed to properly communicate the desired objectives.
The responsibilities of a management team are divided into two parts. First, the role of the chief. The CEO has the ultimate responsibility for the creation of the corporate vision and mission statement. The head of the management team will be responsible for ensuring that the corporate vision is made a part of the corporate code. It is advisable that all new managers go through a course of training in which they are taught how to communicate effectively with their team members.
The second role of the management team has nothing to do with the creation of a corporate mission but is more on skills development. The skills required for the role are mostly managerial in nature and relate to planning, organizing, staffing, administration and finance. While some of these skills are general qualities that members of any team can learn on their own, others such as time management and organization are best learnt from formal training. Management courses will teach you how to set goals, how to deal with colleagues and obstacles and how to delegate jobs and responsibilities.
When it comes to skills, the management team must be good at strategic thinking. It is often said that the only thing that a manager can do well is planned. In fact, this is a skill that is compulsory to be used in a small business and an increasingly important for a large corporation. As a small business, you need to think about market trends, customer demands, competition and even your own company structure and direction. A management team that is good at strategic thinking and planning is essential for a company’s success and is something that should be valued by your senior management.
The third aspect of management teams is of course hiring the best management team managers for the job. Again, this is where management training comes into play and is perhaps the most important. A good manager is someone who can get things done, manage people effectively and make everyone feel like a part of a success story. They have to motivate, delegate and encourage staff to do their best and be efficient. Managers have to encourage loyalty amongst their team members and reward those who are willing to rise to the challenge and do the best job.
The last but certainly not least is of course performance management and it encompasses a management team’s ability to assess and improve employee performance. There are many tools and techniques that are used for employee assessments and this has a direct impact on the bottom line. A good manager will be able to put together a range of performance management solutions, which include structured interviews, tests, coaching, feedback and rewards. These are just some of the skills that a manager needs to develop if they are going to effectively manage teams.