MBA 735 - Reflections on Module 2 Concepts

Look at your own organization. How has supply and/or demand changed at your organization within the past year? What factors impacted or instigated the change?

The steel industry has a lot of ups and downs, and it supplies the chief component of our products. There has also been a shortage of some of the metals used in our valve components. Due to that, the price of our components went up and had to be passed along to our customers.

Reflecting on your past professional life, briefly describe one mistake you have made in your professional career. What have you learned from that mistake?

Not delegating. It is a challenge, even today, for me not to do the job myself so it gets done the way I want it done. I learned through that particular instance that a lot of stress and additional work could have been avoided if I had assigned certain tasks to others in my department.

If factors are changing rapidly, which is common in growth organizations, when do leaders find the time to “reflect” on the mistakes to make corrective action?

Unfortunately, in many cases it’s after the leader leaves. He takes the time to look back on the mistakes made and learn how not to make the same errors in his next venture. If it’s possible, the leader should try to build time somewhere in his agenda in order to review his performance and fix things while they are fresh.

July 8, 2007 | Filed Under MBA 735 

Comments

Leave a Reply