Unit 2: Building the Right Team
Building an effective management team is one of the primary steps in launching a venture. Entrepreneurs must explore their personal strengths and weaknesses and then determine the resources needed to fill the gaps. Successful businesses require not only stellar executives and advisors but also employees who are a good fit for the company. Thus, anyone tasked with managing a group of people needs to know how to be an effective leader. Relative to successful leadership, managing is easy.
A manager must be able to delegate responsibility and make decisions for the team, but a leader must be able to influence team behavior. For this reason, motivation is one of the most powerful tools that a leader can use. A motivated team will be able to go above and beyond the call of duty. Using motivation is far from manipulation – just look at one of the greatest leaders of the 20th century, Dr. Martin Luther King, Jr.
This unit will help you distinguish between management and leadership and will also explore human resource factors, such as recruitment and staff selection. The unit will also discuss employee assessments, emotional intelligence, and Tuckman's Stages of Group Development.
Completing this unit should take you approximately 16 hours.
2.1: The Management Team
2.1.1: Managers vs. Leaders
2.1.2: Leadership Styles
2.1.3: Emotional Intelligence
2.1.4: Succession Planning
2.2: Board of Advisors
2.3: Hiring A-Players
2.3.1: Recruitment and Selection
2.3.2: Staff Development
2.3.3: Team Building and Group Dynamics
2.3.4: Conflict Resolution
Unit 2 Assessment