Reference no: EM131700352

Question: Building Management Skills

Managing Your Own Business

Now that you understand the concerns addressed by management thinkers over the last century, use this exercise to apply your knowledge to developing your management skills. I magine that you are the founding entrepreneur of a software company that specializes in developing games for home computers. Customer demand for your games has increased so much that over the last year your company has grown from a busy one-person operation to one with 16 employees. In addition to yourself, you employ six software developers to produce the software, three graphic artists, two computer technicians, two marketing and sales personnel, and two secretaries. In the next year you expect to hire 30 new employees, and you are wondering how best to manage your growing company.

1. Use the principles of Weber and Fayol to decide on the system of organization and management that you think will be most effective for your growing organization. How many levels will the managerial hierarchy of your organization have? How much authority will you decentralize to your subordinates? How will you establish the division of labor between subordinates? Will your subordinates work alone and report to you or work in teams?

2. Which management approach (for example, Theory X or Y) do you propose to use to run your organization? In 50 or fewer words write a statement describing the management approach you believe will motivate and coordinate your subordinates, and tell why you think this style will be best.