First Time Managers Tips - Gaining a Management Perspective - Part 1

As a new manager, there are numerousThe company website can be an excellent source
adjustments you'll need to make, least of which isof information about the corporate mission and
your business perspective. On top of gettingcan give you insight into your company's
results through others rather than performingconsumer. Because many businesses units
certain tasks yourself, you need to gather a newoperate in "silos" i.e. they're not connected to or
view of the business landscape in which you nowintegrated with other functioning units of the
stand. Think for a moment of how a scene mightcompany, you may have worked for your unit
look from the peak of a hilltop compared to thatfor quite some time but not have an awareness
same landscape viewed from the forest floor. It'sof other products or customers of the company.
the perspective from the hilltop you need toIf you haven't mined the company's website
obtain in order to lead your team through thebefore, do so now; you may discover some
forest.aspects of the business's face to the public that
Three key elements to understand are:you didn't know.
If your company is publicly held, the most recent
1. Where your business fits into the marketplaceannual report will be a source of information as
2. The business's measurable objectives or goalswell. This is a report that public companies are
3. How your team contributes to the businessrequired to furnish to their shareholders. Though
achieving its overall objectivesthe pages of financial details may be initially
You may already be very clear about some ofoverwhelming and may not be important for you
these elements by virtue of having worked atto master as a new manager, check out any
the company prior to becoming a manager. But ifletters or reports from the CEO and Chairman
you're lacking information in any of these areas,that are included since these address the condition
it's time to start backfilling. Your value to theof the business. Ask yourself:
company as a manager is to guide your group to- What are the trends that are discussed?
meaningfully contribute to achieving the company's- Are there subsidiaries or brands that you
articulated objectives, even if you're onlyweren't aware of?
supervising a small group. Don't ever trivialize your- Where are the company's locations in other
team's contribution. Every group and everycountries?
individual plays an essential role in the organization,Though this information may not be relevant to
especially when they're all aimed at the sameyour day to day job as a manager now, having
corporate goals. Managers or supervisors whothis information helps you to understand where
"get" the big picture will always stand out becauseyour business unit fits into the larger picture. It
they direct their teams in alignment with themay also suggest opportunities you'd like to
needs of the business.pursue that you hadn't previously considered.
To learn and understand the three key elementsRead articles related to both your company and
of the big picture, schedule time for yourself toyour industry. You'll learn a great deal about
do your homework and consider your resources.competitors and where your company fits in.
Put 30 minutes a week on your calendar toYou'll also need to analyze what's in the press.
gather information until you've pulled it all together.Current events having to do with the industry or
Think about where certain information may existyour company may not reflect the long range, big
that you can read and who might aid you inpicture view for the company and may be
getting your bearings on your trek to the top ofsensationalized to sell papers.
the hill. Following are questions to consider andOnce you've done your homework, go to your
resources to use to gain insight into Key #1:boss and validate your conclusions. Confirm that
Where Your Business Fits into the Marketplace.what's on the website is still the current direction
How to Do Your Homeworkof the company. Companies are fluid; changes
Questions you should seek to answer are:that you should know about may not have been
- What's the corporate mission?posted on the website yet (and last year's annual
- Where does my business fit into the market?report may not reflect the current state of the
- Who's the competition?business).