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 We are making profit! In this week rollover we finally get to feel our company's SHV directly reflecting our efforts in this course. Long meeting time plus lots of calculations show how our team try hard and treat the simulation seriously. We are pleased about the result we get. However, there is a new question appeared on our path of business growth.

 

Our group has been taken over and we do not know what to do now, especially the group that took us over has taken control of our financial decisions including our debt (do not know either it is a good thing or not). They are able to decide either having debt issued from the bank or from our company. It is likely that they can control our dividends, investor public relation and equity as well. At the moment their CEO has contacted us for meeting up in order to plan what to do for the next rollover.

 

In my opinion I feel a bit surprised of the take over as we have just started getting our first return from the last rollover. I personally want coordination with the other team because this is perhaps the way that we can increase our SHV. By saying that the take over decision seems to relate to this week's reading. In a sense, managerial skills embodies consideration of both the technical and human aspects of the organisation. Yet this is also an ability to translate knowledge into action enabling coordination and integration of all business activities and interests of the organisation toward a common goal. Acquisition requires effective skills for executive development. When two companies come together, managers need to be cooperative and efficient on planning the organisation's future. In the process of individual specialty, coupled with actual practice and experience, superior's help and monitoring appear to be more effective.

 

As my role is HR manager, human skill has been applied to “human engineering” theory. The process of HR development has been more systematic and complicated. For workers, managers can apply psychology theory to help improving human problems. However, managers themselves have to regconise the need of self-development. I find the Davies' reading inspiring and interesting. At the same time I agree with the saying that “learning and developing from managerial experience”. Referring to the reading from week 1's reading “learning from experience through reflection”, I believe although managers have more difficulties on on-going learning than normal employees, they reflect on their own learning. They are more likely to “copy” from other high level workers or from senior.

 

Reference

Davies, J., & Easterby-Smith, M. (1984). Learning and developing from managerial work experiencesJournal of Management Studies, 21(2), 169-182. doi:10.1111/j.1467-6486.1984.tb00230.x


Katz, R. L. (1955). Skills of an effective administrator. Harvard Business Review, 33(1), 33-42.

 

2 Comments

  1. Hi congratulations on making profit! It is good to hear that your dedication and your hard work has finally paid off. It seems like you and your team have been working so hard and as soon as you see results, another complication arises. I also have no idea if a takeover will benefit you or not... ( I hope it does!). 

    In terms of your reflection of the past week, it is good to hear that you are thinking ahead and that you see the challenges that your team faces and it is good to hear that you are hoping to have good coordination with the other team. In terms of improvements that could be made in the journal, you could go into depth a bit more about your week's experiences. And also go into a bit more depth about the reading. by doing both, it will exemplify that you have truely reflected on your week and it will show how you incorporated the readings into your learning and development.  

    Best of luck!

  2. Heya

    I commend your group on your performance firstly, secondly I just want to point out that you didnt incite reference (Katz, 1955) from within your reference list. Other than that I like the idea your brought in from week 1 reading. Just a thought, Peter wants the structure of the journal to be along the lines of Daudelin's article. Take overs generally arent good news but perception of the issue can change opinions.

    All the best.