CGMA-E2-Part 4 Leadership and management

Key points: leadership & people skill

一、Effective leadership

1, Difference between leadership and management

A, Develop & existing system

B, Authorization from follower & superiors

C, Exercise by people or things

D, May not be official or formal

2, Manager’s functions(POCCC)

Planning, Organize, Communication, Command, Controlling

3, Management terminology(RVRE

Power: Reward Power, Coercive power, Reference power, Expert Power, Legaitimate Power)

4, Management Effectiveness: T/M/R/R/S

Task done well, Morale and low turnover, Team take responsibility for the tasks, Clear responsibility and procedures, Self driving and team will work without superior present

5, Management style

Telling&Autocratic

Spelling&communication

Participative&Consultative

Delegating&Free-rein

Analysising sides: behavior, extent of task focus, speed of making decision,

二、corporate governance

1) 1, responsibility of BOD

A, appointed by shareholders to run business

B, responsible to shareholders for business operation

how to ensure business running well

1)2-1 ensure effective control system

A, have control system

B, have qualified managers

C, control risk

1) 2-2, define strategy and provide instruction

2) Effective BOD

A,  Balance of executive director and non-executive directors

B, CEO and chairman has clear responsibility

C, Open participation and disscussions

三、Risk management

1, Risk definition

2, Sources of rial:

Hazard, finance, operation, litigation, reputation, commercial

3,Type: managerial and strategy

4, Managerial risk & strategy risk

5, Risk management

Information

Prevention

Monitor

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