...High Performance Executive Teams Sonia Taneja Texas A&M University-Commerce Scott Sewell Texas A&M University-Commerce Mildred Golden Pryor Texas A&M University-Commerce Strategically and tactically, organizational leaders often establish teams to accomplish the missions, visions, goals and objectives of their respective organizations. Teams exist in all types of organizations including financial institutions, factories, healthcare organizations, and educational institutions. Yet executives often struggle to maintain high performance of their own leadership teams. This research seeks to answer several questions, including: (1) What are the characteristics of a high performance executive team? (2) What problems do executive teams face that negatively impact their potential for high performance? And (3) What can executives do to increase their respective teams’ potential for high performance? INTRODUCTION Holmes (2012) recognized that organizations are changing from traditional hierarchical work structures to team-based approaches to work. He noted that high-performance teams must “develop goals and plans, enhance communication among members, develop and maintain positive relationships among members, solve problems and make decisions on a timely basis, successfully manage conflict, facilitate productive meetings, clarify roles for team members, operate in a productive manner, exhibit effective team leadership, provide development opportunities for team members”...
Words: 4556 - Pages: 19
...to effectively managing a project and describes what is needed before risk management can begin. As organizations begin new projects they begin operating in an area of uncertainty that comes along with developing new and unique products or services. By doing so, these organizations take chances which results in risk playing a significant part in any project. The purpose of the risk management plan is to establish the framework in which the project team will identify risks and develop strategies to mitigate or avoid those risks. However, before risks can be identified and managed, there are preliminary project elements which must be completed. These elements are outlined in the risk management approach. This project is considered a medium risk project as it has an overall risk score of 24 on a scale from 0 to 100. The project risk score is the average of the risk scores of the most significant risks to this project. A risk score below 16 is low risk project, a score between 16 and 45 is a medium risk project and a score above 45 is a high risk project. Before risk management begins it is imperative that a foundation is established for providing structured project information, thus, the following project elements were completed and defined prior to developing this Risk Management Plan: • Define work scope, schedule, resources, and cost elements o Develop project WBS/WBS dictionary o Develop master schedule and detailed schedules o Estimate project cost and...
Words: 1968 - Pages: 8
...With this was the establishment of NHS Institute for Innovation and Improvement, which focuses on leadership development, as well as improvement and innovation. The workplace environment is a complex and a diverse area, strong, good and effective leadership is needed to implement change from policy makers and the government. Leaders should be confident, initiative, encourage high morale, a spirit of involvement, cooperation, fosters teamwork and should have the knowledge of what is happening in the department, latest development and kept abreast politically. On this assignment, I will be creating a personal development plan for a Band 7 post in the operating theatres in the next five years. I will be using the Leadership Framework set by The National Leadership Council to aid me in completing my development plan. DEMOSTRATING PERSONAL QUALITIES OBJECTIVE SHORT TERM (ACTION) LONG TERM (ACTION) Developing self-awareness Identify strengths and limitations Analyse, reflect and act on feedback from colleagues Monitor stress and sources Feedback and to consider change of behaviour/personal impact Understanding limits and effect of stress and...
Words: 1593 - Pages: 7
...Project Management for Business LO1 Project management principles Introduction of project management Project management is a planned and structured effort to achieve an objective or is the process of managing, allocating, and timing available resources to achieve the desired goal of a project in an efficient and expedient manner, for example, creating a new system or constructing a project. Project management is widely recognized as a practical way of ensuring that projects meet objectives and products are delivered on time, within budget and to correct quality specification, while at the same time controlling or maintaining the scope of the project at the correct level. Project management includes developing a project plan, which includes defining and confirming the project goals and objectives, identifying tasks and how goals will be achieved, quantifying the resources needed, and determining budgets and timelines for completion. It also includes managing the implementation of the project plan, along with operating regular 'controls' to ensure that there is accurate and objective information on 'performance' relative to the plan, and the mechanisms to implement recovery actions where necessary. Projects usually follow major phases or stages (with various titles for these), including feasibility, definition, project planning, implementation, evaluation and support/maintenance Principles of project management The Success Principle The main goal of project management...
Words: 7296 - Pages: 30
...Conclusion 6. Recommendation 7. References Executive Summary Development and Implementation of Corporate Social Responsibility The purpose of this research is to explain the importance of Corporate Social responsibility for an organization. How Implementing programs for improving corporate Social responsibility is very significant not only for the Image but also for attracting Investors and customers to the organization. Maintain standards of Corporate Social responsibility are very important due to the growth in customer and media’s interest. (Clarke, 2009) In this research report we will discuss the process of implementing Corporate Social responsibility programs and also explain the different stages of the process and their impact. Corporate Social responsibility has become one of the important driving factors for corporations in modern times. In this...
Words: 3817 - Pages: 16
...scope, volatilities, and severities of the risks one's company faces, then tailoring an appropriate set of risk responses. Risk managers have many types of risk treatments at their disposal. Every company's risk management "solution" will be unique because the exposures and risk appetites all differ. The key is to have a reasonable under-standing of how each treatment option works, alone and in combination with others, so that decisions are informed and results are less influenced by luck than by reason. The risks that threaten a business are constantly changing and increase in complexity. That is why it is so important to have a viable risk management plan not only for our project but for the business as well. It is important that in developing our plan that we: (1) identify the threats or events that may affect the continuity of the project, (2) prioritize and set risk thresholds, (3) evaluate the tactics and the costs associated with the various proposed treatment plans for preventing or reducing the risks, (4) establish processes that will make us ready for regulatory audits, and (5) make informed decisions on how best to mitigate the risks of the project (Risk Readiness Assessment, 2005). Risk identification, monitoring and resolution are key tools for successfully completing a project. Part of controlling a project during the management phase is to have an established risk management process. This...
Words: 2992 - Pages: 12
...include its team members and provide them an opportunity to engage and share the project’s vision. These goals must be realistic and obtainable (Comstock, 2015). Developing a team's vision statement is similar to developing an organizational vision statement. It is a transformation to what it currently is to what it could be in the near future. Determining the vision statement should be able to answer why the team exists, the impact it will have on stakeholders, and what it will achieve (Levitt, 2013). Joint Air-to-Surface Standoff Missile (JASSM) program's vision statement is "To challenge ourselves and our customers to produce the best missile system at the lowest cost within two years". The vision statement shows the aspiration and inspiration (Free, 2014). The team should also deliver deliverables that are S.M.A.R.T., Specific, Measurable, Achievable, Realistic, and Time-activated (Levitt, 2013). The project team deliverables are to award contracts to two companies to develop a missile within two years, maintain within a budget of $800,000 per unit, and award the company with a multi-billion production contract. High-performing teams consistently complete projects on time, stay on budget, and meet their goals by communicating effectively (PMI.org). The program manager must be able to motivate and inspire his team members to obtain the desired result. The project manager's job is to minimize the risk by communicating, asking for input, and involving team members...
Words: 1469 - Pages: 6
...on the project to ensure risk are being managed and controlled at acceptable levels. Risk in a project environment cannot be totally eliminated. The objective of a risk management process is to minimize the impact of unplanned incidents on the project by identifying and addressing potential risks before significant negative consequences occur. The Risk Management Plan also becomes a subset of the Project Management Plan. Definition Definition of Risk Management: the formal process by which risks factors are systematically identified, assessed, and responded to. Risk management concentrates on identifying and controlling areas or events that have a potential of causing unwanted change. (Note that opportunities, also known as positive risk, should also be managed/exploited. This document is focused on mitigating negative risk, rather than maximizing positive risk.) Definitions, Acronyms, and Abbreviations |Risk |A potential undesirable and unplanned event or circumstance, anticipated in advance, which could | | |prevent the project from meeting one or more of its objectives. | |Issue |An event or circumstance that has occurred with project impact that needs to be managed and resolved,| | |with...
Words: 1025 - Pages: 5
...can also be thought of as major events that can also be relational setbacks. Events that have the strongest impact on a relationship is where most of its at. Turning point approach is easy to understand when you look at something positive happens the line grows up depending on how much of an impact it has determine how high it will go. In turning point there are interdepended, breadth, depth, commitment, understanding and predictability, communication code change, shared social network, and interpersonal trust that are associated with it. In every sport an athlete becomes close to his/her coach.to have a close relationship or intimate relationship with their coach. Well in the beginning of my freshman year playing football I had no type of relationship with my coach. He was a strict guy that gives nobody a chance to shine except for the older guys. We weren’t close until we played a team that had a good record. Through out the game I was badly injured and barely had protection but I still manage to dominate with a high amount of yards even though we still lost the game everybody was counting on me and I guess I was doing everything good. That day my coach was watching and was very impress with my performance and after the game he told me I have earn my respect. One dimension in this relationship is commitment because at one point I wouldn’t satisfy with being on the team. But my coach didn’t want me to leave because I was an astounding player and he wanted to win a championship...
Words: 774 - Pages: 4
...performance evaluations, especially the job performance evaluation. If they are leaders, we also need to take an eye on their evaluation of people and relationship. The PXT score of “A” Players, especially the thinking style and behavioral score, should be higher than 70. If not, then “A” Players will turn to be “B” Players. However, it also exists some exceptions, for instance, if someone has already been rated as the top of his team, even his overall performance evaluation is not 5, he can still be an “A” player. The reason is that his leader could under rate the whole team and thus he cannot get a 5 rate. “B” Players: Most “B” Players should be overall rated as 3 or 4. Even some players’ overall evaluation is 5, he won’t be an “A” Player when the job evaluation is lower than 5. “B” Players share the same rule with “A” Players in the PXT score. If one of the PXT scores is under 70, then “B” Players will turn to be “C” Players. “C” Players: Their overall rate is less than 3, or their performance only hit the button of the team when they are in a high performance team. Most PXT score is lower than 70, which means it is not suitable for them to do this job. Analysis It is true...
Words: 2865 - Pages: 12
...the project to be successful, but are outside the total control of the project team. Assumptions are accepted as true, often without proof or demonstration. Constraints are things that might restrict, limit, or regulate the project. Generally constraints are outside the total control of the project team. Why is This Important? Assumptions that prove to be incorrect can have a significant impact on a project. It is important that project participants, stakeholders and executives understand and agree with the assumptions before the project begins. This way, it is more likely that an incorrect assumption will be detected before it can impact the project. All projects have constraints, and these need to be defined from the outset. If the project leader understands the limitations under which a project must be conducted, including the project environment or parameters (timeframes and deadlines, funding, skill levels, resource availability, etc.), they will do a better job of developing the project plan. Early project risk analysis often uses the assumptions and constraints as a starting point. This provides a foundation for building mitigation strategies for the most significant assumptions that, if proven incorrect, could seriously impact the project. Likewise, it provides for the evaluation of constraints and the opportunity to manage them to positively impact the project or prevent a negative impact. Steps 1. Briefly and clearly describe any project assumptions related to business...
Words: 1293 - Pages: 6
...bonds, creating harmony and developing communication. When the emotional intelligence factors are added in this construct of style encompasses several facets of transformational leadership which allows a leader to stay true to their traits while employing this style. So, as businesses adapt to modern markets and attempt to stay competitive, the transformational...
Words: 1057 - Pages: 5
...[pic] The British Council [pic] Behavioural Competency Dictionary External Version: August 2006 Contents [pic] 1. Introduction and explanation of behavioural competencies 3 2. Behavioural Competencies 5 1. Introduction and explanation of behavioural competencies [pic] Introduction The purpose of the British Council is to build mutually beneficial relationships between people in the UK and other countries and to increase appreciation of the UK’s ideas and achievements. The work of every British Council member of staff contributes in some way to the achievement of this purpose through contributing to one or more of the following outcomes: • Improved perception of the UK in other countries • Greater mutual understanding between the UK and other countries • Stronger ties between the UK and other countries It is therefore important that we all have a clear understanding of what our role is and what is expected of us. To do this we use job descriptions which describe the aims and objectives of jobs and the behavioural competencies and generic skills required to do a specific job. These form part of the Organisational Skills Profile together with a third element, job families. At the British Council we use a standard set of 13 behavioural competencies. This dictionary describes them in further detail. For further information on any aspect of the person...
Words: 6130 - Pages: 25
...Table of Contents Knowledge Management and Information Systems Strategy 1 Executive Summary: 3 Three distinctive characteristics of Toyota approach to knowledge management 3 Learn local: 3 Act global, Learn local: 3 Learn local, act global: 4 British Petroleum (BP’s) approach to KM: 4 Business objectives of British Petroleum to KMS: 4 Developing better ideas: 4 Organization wide best practice: 4 Greater collaboration among entities: 5 Generating new ways: 5 Reduces cost: 5 Challenges of KMS implementation in BP: 5 Transferring best practice: 5 Train modest performing teams: 6 Management tools to avoid failure of KMS in BP: 6 Build a Case for Change Management: 6 Visionary Leadership: 6 Communication: 6 Time: 7 Deploy agents: 7 Proper performance measures: 7 Culture changes: 7 Social media in reconsidering the previous KM approach: 7 Socialization: from tacit to tacit: 7 Externalization: from tacit to explicit 8 Combination: from explicit to explicit 8 Internalization: from explicit to tacit 8 Conclusion: 8 References: 8 Executive Summary: Knowledge management is a multi-disciplined process of creation, developing, improving and disseminating the knowledge in the organization (Unc.edu, 2014). Toyota is one of the largest car manufacturing companies around the world. It produces car not only in its originated country but also different countries around the world. To be competent, Toyota puts much more emphasize on the knowledge managements of the organization...
Words: 2707 - Pages: 11
...Project Management Methodology Guidelines Project Management Methodology & Step-by-Step Guide to Managing Successful Projects Project Management Methodology Guidebook Table of Contents Table of Contents 1. Project Management Overview ............................................................................1 1.1. Background ..................................................................................................1 1.2. An Overview of the Project Management Philosophy and Mission...............1 1.2.1. The PMO’s Mission............................................................................2 1.2.2. What Is A Project? .............................................................................2 1.2.3. What Is Project Management? ..........................................................2 1.2.4. What Is A Project Management Life Cycle? ......................................3 1.2.5. Deliverables Typically Produced for Each PMBOK Knowledge Areas4 1.2.6. Project Management Life Cycle and Knowledge Areas .....................5 1.2.7. Elements of Successful Project Management .................................15 1.3. Project Approach Selection Technique - Selection Indicators ....................15 1.3.1. Indicators for User Workshops ........................................................15 1.3.2. Indicators for Interviewing................................................................15 1.3.3. Indicators for Questionnaires................................
Words: 26282 - Pages: 106