08
Fall
Table of Contents
1. Executive Summary3 1.1 Introduction…………………………………………………………………………………………………4
2. Internal Structure Overview, Identifying the issue4
2.1 Description of Management Style…………………………………………………………………..5
2.2 Evaluation of Management Style……………………………………………………………………5 2.3 Effects of Management Style on Retronics………………………………………………………6
3. Conclusion 6
3.1 Recommendations 7
4. References8
Executive summary
This report has been compiled as a performance review of George Latour, the CEO of Retronics. At the last financial review, revenues were not as high as expected. Retronics has a good marketing team and is unable to find true cause to this outcome. Therefore a review of management is in order.
It has been revealed that George Latour has been micromanaging his new marketing director Shelley Stern. This has had a negative impact on her performance and moral. Due to George’s over concern with Shelley’s role, the focus on his primary role as CEO has waned, having a less than favourable impact on Retronics.
This report will not be highlighting any direct financial impacts this behaviour has had, as we are not able to access this information at this time. The scope of this report is to identify and give recommendations to rectify, George Latour’s management style.
Recommendations
* George needs to recognise the negative impact micromanaging is having on Retronics as a whole * George Latour to understand and learn the skill of guided execution and delegation. * George needs to recognise that as a good leader he is not perfect or has all the answers, and needs to give his staff the chance to make mistakes, learn and grow from them, fostering self-confidence and optimism.
Introduction
References: Bhote, K. (2003) Power of Ultimate six stigma. Amacom: New York Daughtry, T.C. & Casselman, G. R. (2009) Executing Strategy: from boardroom to frontline. Capital Books: Virginia Fina, M.A. (2009) Perspectives in managing employees. Cengage Learning Australia Pty Ltd: Boston Roberts, Gethin. (2009) The effects of micromanaging a new product development environment: Gethin Roberts presents a series of scenarios to demonstrate the benefits and drawbacks of micromanagement in a design environment. Engineering Designers, Vol 35.5, p.20 Samson, D. & Daft, R.L. (2009) Management. Dryden Press: Florida