Business Finance Homework Help

Respond to two classmates posts…Please separate each response…At least 300 words EACH, APA style, cite all references…do not just comment on the grammar of their post…go in depth about the content of each post

POST 1:

Post a list of three theories, concepts, or strategies that resonated with you most with regard to managing people and promoting collaboration. Focus on concepts, theories, and strategies from the course you found especially interesting and applicable to your experiences and professional development. For each item you list, provide an explanation as to why it is relevant to you and your professional development.

This course has provided me with a significant amount of insight into managing people and promoting collaboration. This course provided me with the knowledge to enhance my skills as a manager/leader to create and maintain a positive work environment, effective team, and a sustainable organizational culture. These topics include effective communication, conflict management, motivation, feedback, collaboration, team building, diversity, and ethics; all of which will help me grow and develop professionally.

Three theories, concepts, or strategies that resonated with me the most are:

1) The importance of having difficult conversations- “sidestepping tough discussions can leave important issues unaddressed, creating even bigger problems in relationships” (Engels, 2007). After self-reflecting, I realized that I do not like confrontation, and often, I try to avoid conflict at all costs. As such, the tips and strategies on how to communicate courageously and manage and resolve conflict in the workplace will help me improve relationships by building trust and respect throughout my career.

2) The power of intrinsic motivation- “people are more creative and productive when their inner work lives are positive- when they feel happy, are intrinsically motivated by the work itself, and have positive perceptions of their colleagues and the organization” (Amabile & Kramer, 2011). Prior to this course, I did not fully grasp how much intrinsic motivation impacts job satisfaction and performance. Thus, becoming more aware on what motivates and engages people, and by putting that into practice will help me throughout my career.

3) The value of diverse teams- “diversity in teams is beneficial because it provides for a larger pool of knowledge and perspectives from which a team can draw as it carries out its work…Having greater diversity in knowledge perspectives stimulates the exchange of information, which in turn fosters learning among team members. The knowledge that results from this learning is then shared and integrated with the knowledge of other members, ultimately helping the team perform more effectively” (Colquitt, Lepine, & Wesson, 2013). As such, diversity in the workplace can bring much value to the organization as members have the opportunity to share life experiences and provide knowledge to the team, offering valuable insight, fostering creativity and innovation. In addition, diversity can provide a tremendous competitive advantage, as each person brings something new to the team, and together they accomplish something that could not have been done alone. Thus, understanding the significance of diversity, the value it has in the workplace, and the role it plays in a team’s success will help me manage teams effectively throughout my career.

References:

Amabile, T., & Kramer, S. (2011). The power of small wins. Harvard Business Review. 89(5), 70-80.

Colquitt, J., Lepine, J., & Wesson, M. (2013). Organizational behavior: Improving performance and commitment in the workplace (3rd ed.). New York, NY: McGraw-Hill. 358-393.

Engels, J.J. (2007). Delivering difficult messages. Journal of Accountancy, 204(1), 50-52.

POST 2:

Leadership is what I seek and to become a better leader, I feel that the lessons from this course will help me tremendously. However, we asked to list only three theories, concepts or strategies. Three means we are asked to think not only about what we learned but also about ourselves, our goals and the path we choose to succeed. All the lessons in this program are of value to me, but that doesn’t mean I can’t think of three that are of importance over the others.

Dealing with conflict. I’m currently in the position that requires me to deal with several people and as such, there will be times when people don’t see eye-to-eye. Being able to manage conflict will help me keep workers as well as customers happy. This is of the utmost as I run my own business and can’t afford to handle conflict incorrectly.

Diverse team. Diversity is critical for organization’s ability to innovate and adapt in a fast-changing environment (Walter, 2014, para. 1). Working with a diverse group of people will help me stay ahead of the competition. I deal with data networks and as such, I also deal with several different technologies. I not only want a diverse team so that I have ideas coming from different minds, but also a group that can bring their difference together to innovate and produces outcomes that are out of the box.

Feedforward. This is a new concept to me and I like it. I think that a manager should bring the best out of their workers and a leader should do the same for their managers. If I lead with the principal of feedforward, my managers should see this as a company cultural concept and do the same. Feedforward helps people visualize and focus on an optimistic future, not a disastrous past and as such we can increase their chances of attaining success in the future (Goldsmith, 2014).

References

Edmondson, A. C., & McLain Smith, D. (2006). Too hot to handle? How to manage relationship conflict. CALIFORNIA MANAGEMENT REVIEW, 49.

Goldsmith, M. (2014). 10 surefire reasons to try feedforward! Retrieved from https://www.huffingtonpost.com/marshall-goldsmith/…

Walter, E. (2014). Reaping the benefits of diversity for modern business innovation. Retrieved from https://www.forbes.com/sites/ekaterinawalter/2014/…