Management Styles: Four Factors that Affect Leadership Styles

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“Great leaders do not set out to be a leader…they set out to make a difference. It is never about the role; rather it is always about the goal.”-Author Unknown

It has been well-known and an established fact that the success or failure of a particular company is partially hinged on a manager’s leadership style. While it is true that a concerted effort among all employees is required in order for endeavors to be fruitful, they would also need apt direction and guidance from someone they can regard as a superior. Sure, you might have the best, talented and determined employees but if they are managed by someone who is severely lacking in leadership skills or is otherwise inept at the administration of his or her workers, then all of your efforts would be for naught.

After all, crucial decisions and fundamental tasks are executed only by the manager or leader himself. In this regard, we can only say how truly significant and vital this role is. Successful business—regardless of whether they are retail conglomerates or construction magnates like Alice Eduardo will all trace their roots of success to excellent management skills. Although management skills are deeply rooted in personal style, and preference, in no case, should it ever be arbitrary. In any case, understanding the factors that contribute to your leadership style might help you manage your staff and personnel more effectively.

1.) Personality Traits

Whether you like it or not, your personality traits play significant roles in how you lead and manage your staff. In fact, it may be said that your leadership style is somewhat an extension of your personality. An individual with a more assertive and outgoing personality would prefer to be direct in communicating and conveying thoughts towards his subordinates—often wishing interactions would happen face-to-face. Reserved individuals, on the other hand, would prefer a written correspondence and perhaps, may want to lead just by example.

2.) Level of control

How you wish to leverage your staff would also play a fundamental role in shaping your leadership style. Hands-on managers might wish to be involved in all the nitty-gritty aspects and day-to-day operations. In fact, they might even want to input their thoughts in the smallest tasks that require decision-making. Simply put, these are the leaders who micromanage. Some managers, however, have a little more faith in their employees and would delegate even some of the most important tasks to them. However, the latter type of leaders would need to create another layer of management to better execute directions.

3.) Organizational Structure

More often than not, a manager’s leadership style would invariably depend on how a company is structured and organized. Knowing the various operating methods and the organizational structure would dictate the type of leadership style a manager may want to adopt. Some companies might underscore the importance of idea sharing which would require a more open type of leadership, In this regard, employees are given free rein in determining their roles and functions. However, there are also organizations that wish to stick to established roles and functions and are rigid about taking this traditional route. This type of organization calls for a leader that would dictate direction. Any sort of deviation from conventional and recognized company practices would be discouraged and even frowned upon.

4.) Experience

Of course, a manager’s level of experience would have a significant impact on his leadership style. Novices to the role would be more receptive to lead “by the book” while those with more experience may be more flexible in managing his or her employees and may even wish to incorporate some of his own rules. Moreover, these are the leaders who may wish to follow their own interpretation of the rules and regulations.

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Four Character Traits Every Successful Entrepreneur Possesses

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“Success does not lie in “results,” but in “efforts,” “being” the best is not so important, “doing” the best is all that matters…” –Author Unknown

Success does not happen overnight. It requires constant dedication, hard work, a commitment to excellence and persistence in order to achieve. The road to accomplishing it is riddled and fraught with many failures and trials, but this should not deter you. If anything, this should make perseverance for chasing success and drive for excellence even stronger. You might have seen a lot of established, well-revered and accomplished entrepreneurs today and have wondered how they managed all that, but they would all tell you the same thing: Nothing was ever handed to them, they consistently worked hard every single day for it.

Moreover, they seemingly possess character traits that would make them more likely to succeed than other individuals. These qualities would help them focus on the goal and achieve it. From big construction magnates such as Alice Eduardo to shopping mall moguls like the Ayalas, here are some of the characteristic traits most successful entrepreneurs possess:

1.) Full of determination

If you wish to become a successful entrepreneur, it does not just take a long-term goal; you have to set particular and clear everyday goals that would help you realize and accomplish your primary goal for success. After all, your business dealings every day would involve a series of tasks from increasing sales to hiring new employees. In this regard, you should be determined enough to execute this micro-goals successfully. For some, undertaking these little tasks might seem arduous and tedious. As a consequence, those who do not possess enough determination would be discouraged from pursuing the entrepreneurial path. However, successful entrepreneurs would not only possess a certain degree of commitment only in the initial stages but maintain the same level of unwavering determination through every step of the process.

2.) Risk Takers

Successful entrepreneurs are not afraid to take major risks, and if you wish to be one, you should not as well. Taking major risks would pay off astronomically if they are well calculated and are if executed well. Unfortunately, some individuals would be put off by the word “risk” by associating it with a pecuniary loss. However, any business venture comes with a set of financial risks. Not all of them would pay off, so in this regard, it is important to weigh your options and be meticulous in choosing which risks you want to take. After all, if you played safe all the time, you would never see your business take off from the ground.

3.) Versatility

Established and successful entrepreneurs would already have a team of colleagues and staff to provide services and make the daily operations run smoother. However, if you are just starting out, you would mostly have to rely on yourself in ensuring that everything is up to speed. You have to be on your own for a while which would mean you would have to adapt to a myriad of different roles such as that of a bookkeeper, secretary, PR manager and the like. Although it sounds potentially stressful, as you do not have the luxury of delegating these tasks from the get-go, you have to be flexible and would need to be mentally prepared for it from the very beginning.

4.) Decisiveness

Entrepreneurs do not have room for indecisions or procrastination. These two traits can cause you to potentially miss out on important deals, stall operations and might make you lose opportunities that could have been pivoted towards success. When it comes to launching a business, time is of the essence, and you do not have the luxury of mulling things over. You need to make decisions and seize every available opportunity presented to you.

 

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Good Management 101: Three Effective Ways to Motivate Your Employees

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“An employee’s motivation is a direct result of the sum of interactions with his or her manager.”-Bob Nelson

It is common knowledge that no successful business relies on the skill and talent of the manager alone. After all, manpower comes from the employees and how productive they are would play a pivotal role in the success or failure of your business. However, one must note that a worker or employee’s productivity is hinged on how happy they are with their jobs. Their overall satisfaction would contribute to how motivated they would be at work and consequently, would have a direct impact on how productive they would be. If you are managing a business of any kind, boosting company morale and motivating your employees are two paramount tasks you should look into. It matters not whether you are conducting a small-scale business or are already managing an established and progressive one. After all, you would not see business magnates such as

Alice Eduardo shirking their primary duties as a manager. Seeing as employee motivation plays a significant role in a company’s success and ultimately profitability, it is imperative to ensure that your employees are happy at work—enough that they are motivated to do their tasks well.
So, how do you motivate your employees? Well, you might be surprised to find it easier than you initially thought and a lot straightforward as well. Read on below to find out how:

1.) Better Communication

Some managers choose to communicate with their employees indirectly through emails, Skype, chat and video conference calls. Unfortunately, if this is the case, you are reduced to nothing more than a name or a face on a newsletter or an email. In this regard, most of your employees will see you as nothing more than a mere ghost who flits in an out of their corporate lives as you deem fit. You might often overlook just how essential employee communications are, but you might be surprised at the crucial role this plays in motivating them. Regardless of what kind of position they occupy, no matter how big or small, your workers need to know that they are valued and respected—enough that you are willing to communicate with them in person. In this way, you would be showing them your gratitude and heartfelt appreciation for their hard work. After all, everything is conveyed better when you communicate in person.

2.) Empower them

While you might be the boss, give your employees an avenue for having a say in how they should do their jobs. Be open to suggestions and ask for inputs as to how they think they can improve their performance. Most of your employees would already have an idea or two as to how they can be more efficient, but would not be as receptive to sharing it with you unless they are asked. A great way to do this is to use employee reviews where you can thoroughly discuss these improvements with them. Ultimately, you have the final say, but if you genuinely want to empower and motivate your employees, you need to let them feel like their ideas were something of value by taking it and implementing it.

3.) Be an example

Of course, one excellent way to motivate your employees is to be a model employer yourself. If you expect them to work or behave in a certain way that you want them to, you need to lead them by example. Show your enthusiasm about your company goals, and let them see how driven you are to do your work and you will see that your employees will readily work and achieve those goals with as much vigor and gusto as you do. After all, good mood is infectious, and when it comes from someone in a position of power, it becomes even more potent.

Good Business Management: Five Things You Can Do Today to Become A Better Manager

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“A manager is not a person who can do the work better than his men; he is a person who gets his men to do the work better than he can.” –Frederick W. Smith

 

Good management is an integral factor in any type of business—regardless of whether the business in question is largely retail or even in construction. In fact, it has been a well-known fact that employees do not leave because of a bad company, but rather they leave bad managers. In this regard, it is in the best interest of every entrepreneur and businessman to exert some of their efforts in improving their management skills. After all, you can be as talented, skilled and creative as you can be but if you lack excellent management skills, you are inevitably going to experience a lot of complications business-wise.

As with any successful business, managing your employees is paramount. Business and construction magnate Alice Eduardo would even recommend it. So, if you wish to enhance your business acumen, you should not overlook the development of management skills. Here are some of the things you can do in order to become a better one. Pick one today, and another tomorrow and you will soon become the best manager you can be.

1.) Select the best people

Pioneering a successful business requires the skills of a lot of people and not just one. No matter how adept you are at doing your job, it would be impossible for you to pull off everything alone. In this regard, it is best to rely on a team comprising of the best people. As a manager, you are only as good as the people you have on your team. In this way, you have a better shot of success if you chose only the best and most talented people.

2.) Motivate your team

It is not enough that you manage your team’s work, you should also motivate them to strive for better—if not, best results. Motivating your employees requires no brainwork from you either. More often than not, they put in the kind of work they think corresponds to the kind of pay they are getting. In some cases, they do it for the prestige and recognition. Substandard work performance stems from being unmotivated or simply because they still want to get paid without putting in hard work. If you wish your employees to put in twice the effort, you should motivate them by figuring out what it is that they want and how you can give it to them.

3.) Build your team

Your employees should not only be motivated to succeed at work, but they should be able to work well with cohesion as well. Your employees should work as excellent with others as they do so by themselves. They should work together as a team in order to accomplish a group’s objective. This is where your job as a manager comes in. Look for and select the best people who you think would function efficiently together as a team.

4.) Lead, not only manage

While managing people is your primary task, it is imperative that you do not overlook developing leadership skills as well. Team motivation will all be for naught if you cannot even give your team any proper direction. For this reason, having a goal and knowing how to achieve it is pivotal to a team’s success. It is your job as manager to lead your team towards this very same purpose.

5.) Take a break

To foster an optimal working environment, it is crucial for your employees and team members to strike a balance between work and play. The same goes for you as a manager too. You are less effective when you are over-stressed. You become less tolerant, and you tend to be more waspish than usual. As a result of your belligerent demeanor, your employees and team members would be less receptive in approaching you and would even be intimidated by you. With this in mind, remind yourself to take breaks and relax every now and then. You will see just how much more productive you will be once you are adequately recharged.

Five Excellent Qualities of Entrepreneurs According to Alice Eduardo

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“Entrepreneurship is living a few years of your life like most people will not. So that you can spend the rest of your life like most people cannot.” –Author Unknown

At a young age, Alice Eduardo was already a self-made woman. Given a rather common moniker, construction magnates themselves can testify that there is nothing common about this woman and that her achievements are extraordinary—if not, legendary even. However, Alice’s success did not occur overnight. It took several years of hard work, commitment, and dedication to pursue her passion and see her endeavors flourish.

Today, her name is considered somewhat of a household appellation by most engineers and construction moguls and industrialists. Although Alice has maintained the same degree of success and can even be seen progressing each year, a specific set of qualities has enabled her to fortify her business acumen—not only as an entrepreneur but as a business leader as well.

After all, success in any entrepreneurship endeavor takes more than just a single stroke of victory and attainment. It requires a degree of persistence in excelling and outdoing your previous accomplishments. Furthermore, it would also help if you possessed a specific set of qualities and skills that would make you an effective entrepreneur such as the ones written below:

1.) Disciplined

Without discipline, entrepreneurs would never see their business take off. In order to be effective, they need to focus on making their business work which means they have to eliminate any sort of distractions they might see to their goals. In this regard, they are driven to create strategies and have business outlines in order to accomplish whatever goals they have set for themselves and their businesses. Successful entrepreneurs work day by day with a degree of discipline to ensure that the steps they take will lead them closer to the achievement of their objectives.

2.) Open Minded

Effective and successful entrepreneurs know that they do not possess all the knowledge in the world. They are open to innovative ideas and realize that any event and situation is an avenue for business. Considering this, they are aware that ideas are generated from practically anywhere, and it would help them improve workflow, efficiency, people skills and even develop plans for prospective new businesses.

3.) Creativity

It is a well-known fact that creativity and the ability to think outside the box are skills that make for a successful entrepreneur. This is because entrepreneurs would often need to come up with solutions which are the synthesis of other items. Furthermore, problems and issues are inevitable in any and whatever industry they may be in. With this in mind, it is imperative for an entrepreneur to be creative in thinking of fixes as well as resolutions to these.

4.) Determination

Effective entrepreneurs need to be driven—so much so that any of their defeats and failures would not deter them from realizing their goals and pursuing their passion. In this regard, they should neither be discouraged nor thwarted by their mistakes which admittedly, are unavoidable. Instead, they should take as a learning experience and turn it into an opportunity in refining their strategies to make better business decisions. They should try and try again until their endeavors succeed and firmly believe that anything is possible.

5.) Strong people skills

An excellent entrepreneur possesses strong communication skills in order to motivate people to purchase the product or avail of the service. Furthermore, strong people skills are essential in encouraging employees. This creates a ripple effect wherein employees are motivated to do their daily tasks and would consequently improve day to day business operations.

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Five Tips in Building Entrepreneurial Skills That Matter According to Alice Eduardo

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“The entrepreneurial life is one of challenge, work, dedication, perseverance, exhilaration, agony, accomplishment, failure, sacrifice, control, powerlessness…but ultimately, extraordinary satisfaction.”-David S. Rose

According to Ludwick Marishane, there are some entrepreneurial skills that can be learned. However, entrepreneurial attitude is not something that can be taught. In this regard, it would be best if entrepreneurs or would-be entrepreneurs would do their best to develop their attitude in approaching business ventures and endeavors. However, this does not mean that enhancing entrepreneurial skills should be disregarded in favor of honing solely your entrepreneurial attitude.

Indeed, if you wish to become your own boss (considering it is the much-coveted career in today’s modern society), there are merits to developing some entrepreneurial skills. However, this begs the question: What specific entrepreneurial skills would you need to improve? Which ones of these would propel you into making sound business decisions and aid you in your future corporate endeavors?

Well, from one of the most established business women in the Philippines (a construction magnate known and aptly named “Woman of Steel”), here are the skills you should develop and improve as according to Alice Eduardo herself:

1.) Take a different path

One of the cardinal signs of a successful entrepreneur is his or her ability to think outside the box. Creativity is an often overlooked skill when it comes to business ventures as newbie industrialists would be relying on old tactics and techniques which seasoned and established people in business staunchly depend on. By being creative, you can effectively see things differently and provide solutions to problems. Build or develop your creativity skills by intentionally trying something new.

2.) Start a business

Regardless of whether big or small, you get your first brush with entrepreneurship skills in opening a business. Managing a business is an excellent avenue for you to build your skills crucial to entrepreneurship. Such skills would include negotiation, sales, marketing and business planning. Do not be afraid to mistakes as with any business venture; your errors are paramount to teaching you to make better and sounder business decisions.

3.) Be tenacious in your dealings

No successful entrepreneur ever broke ground by playing too safe. In this regard, you should stick to your guns when it comes to challenges. Do not back down and persevere. However, this does not mean that you would throw critical thinking and thorough decision-making out the window. Calculate the risks, weigh your options and embrace the challenge.

4.) Delay gratification

Know that even the most established business ventures had had their own series of failures when it first began. When it comes to successful businesses, nothing happens overnight, and on top of that, there is no guarantee that such a business will take off. Indeed, more often than not, you will experience countless failures with almost zero rewards. However, your persistence will be rewarded when you finally hit the jackpot. Control your impulses and know how to delay gratification. Learn how to say no when needed and commit to doubling your efforts when it comes to working on your business ideas.

5.) Manage your own finances

The pecuniary aspect of a business venture is integral to the success or failure of the same. In this regard, as a smart entrepreneur, you must develop an excellent business acumen that includes the best way to manage your own finances. You must have at least a basic understanding of how finance works as this is crucial to running your very own company. There is no need to rely on an accountant, but it is essential for you to understand how the basics such as profit, loss, assets and cash flow of the company.

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Steps to Success: Five Integral Tips for a Strong Start According to Alice Eduardo

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“Success does not lie in results but in “efforts”, “being” the best is not so important, “doing” the best is all that matters…” –Unknown Author

It is no question that a success story in business has to start somewhere. After all, Apple did not become the next big thing overnight, and it took Facebook quite a while before it finally took off. Indeed, even seasoned entrepreneurs would have their fair shares of experiences whether that may be refining underperforming industries, innovating new business or simply overhauling existing operations. In this regard, it is important to note that making a strong start is pivotal to the success of a business.

Before stepping into the proverbial entrepreneurial waters, factors paramount to the successful launch of a particular industry should be considered. A combination of knowing how and why you are taking action and thoroughly reviewing every planned step are just a few of the things you should have in mind. To help you in your entrepreneurial endeavors, here are some of the most essential and critical factors you need to be aware of when it comes to running a successful business.

1.) Offer what people want to buy, not just what you want to sell

All entrepreneurs have visions, and in this regard, they come up with products and services that they think would be helpful to consumers. Unfortunately, most of the time their visions would fall short, and unsurprisingly, it would pale in comparison to their competitors’ merchandises. Instead of creating or conceptualizing something new, it is best to shift your perspective on a specific high-performing category and refine your niche in that area.

2.) Have flash flowing ASAP

No business can run without cash flow. In fact, it is the lifeblood of any business as it is vital to sustain underwhelming profits. With this in mind, you need to think of ways to start cash flow immediately. To do this, service-oriented businesses usually ask for deposits on work up-front (balances are to be paid upon delivery). It is basically the same with retail (positioning specialty or high-ticket items as an added value). One important thing to consider is that there must be little to no gap between the time labor and stock inventory is paid to the time you actually get remunerated.

3.) Find ways to keep costs low

Running a business means money would likely come in and out of your hands. In this regard, keeping track of the finances that go in and come out is of paramount interest in ensuring your accounting is organized—and that you are not suffering from any significant losses at all. Furthermore, this is an excellent way to bring in positive cash flow (bringing in more cash than paying out). To have a positive cash flow, you need to think of a way to keep your costs and expenses low. This means paying vendors up front to give you a better leverage in negotiating lower prices, never paying for retail, opting for more affordable but quality items and the like.

4.) Always overestimate expenses and underestimate revenues

Be conservative with your numbers. However, this does not mean that you should resignedly accept those numbers. Rather it means that you properly arm yourself with the information you can easily work with. Be realistic with your numbers by gauging the sort of endeavors and activities you would need to do in order to boost marketing and sales.

5.) Focus on sales and marketing

Making a sale is integral to a successful business—in fact, it is as if nothing would happen unless a sale is made. As a sale is an imperative driving factor in keeping your business alive, it is important for you to come up with creative ways to get leads that convert to sales. This is where marketing comes in. Be aggressive in your marketing tactics and make sure that you keep getting repeat sales from your customers.

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Powerful Women: Who is Alice Eduardo?


“I think that women are powerful and they are multifaceted and they are survivors; they do not have to depend on a man to do the things they needed them to do. Whether it was hunting or lifting heavy things. So, what is a man’s place now? Who knows?!” –Rashida Jones

You might have heard of her name before, but do you know the struggles and challenges she went through before achieving success?

Alice Eduardo might be a common moniker, but to construction magnates and most engineers, her name is a household appellation. Widely regarded as a woman of steel, Alice Eduardo is somewhat of a heroine in the world of construction and engineering—particularly to women with similar aspirations. She had her humble beginnings at first, but today this 48-year-old single mother spearheads one of the biggest construction companies in the Philippines. Her endeavors were rewarded through consistent diligence, hard work, and commitment amidst an industry that is predominantly run by men. Today, you see some of her handiwork in the form innumerable buildings you see around Manila as well as the foundations you walk on.

Early on, Alice already had dreams of becoming an engineer despite her mother’s repeated requests of her taking up a course in the medical field. Coming from a very traditional Filipino family, Alice Eduardo’s mother wished for her daughter to become either a nurse or a doctor and as a result, she was heavily discouraged from pursuing an engineering course as this was seen as a man’s job back in the eighties. Nevertheless, Alice graduated with a degree in management as a compromise after which she helped in the family’s garment export. It was not until in the year 1995 where she had her first brush with the construction industry when she was asked to supply steel to a construction project. As working on construction has always been her lifelong dream, Alice accepted eagerly and gave it her best shot. It was this deal with Concrete Aggregates that gave her the avenue to start her construction company.

It was in that same year that Santa Elena Construction was born, one of the leading construction firms in the country that provides foundation works, ports and harbor and horizontal construction. Alice Eduardo spearheads this construction company and is known for truly delivering to their clients as well as an unwavering commitment to excellence.

Unlike most individuals, Alice did not wade in through the realm of the construction industry with baby steps, but rather she took on big projects right away. This was all made possible with the track record she had with her first projects and the trust a notable bank in the country gave her. With all this, she was heavily rewarded—most notably when one of the country’s tycoons, Henry Sy sought her help in realizing his vision which would then become the biggest mall in the country, SM Mall of Asia. He did all this despite the Asian financial crisis and Alice was one of the few key people who had the right equipment to undertake the construction of their foundation. This was just the start of Alice’s excellent track record in the construction industry and soon word began to spread that she was a competitive individual who can deliver projects ahead of schedule without compromising the quality.

Today, Alice Eduardo continues to deliver projects that are marked with her dedication to excellence and good quality. Indeed, one can say that Alice Eduardo has found home in the form of construction steels and beams as it is where she feels most at home and where she is recharged. With all these, one can say that this powerful woman has finally found her wonderland at last.

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Santa Elena reaffirms long-term support for PVL

The all National University Bulldogs-crewed Mega Builders yielded the gold medal to Cignal HD Spikers in the finals of the Premier Volleyball League Open Conference, but their silver medal finish proved enough to secure a long-term sponsorship from their prime backer, Ms. Alice Eduardo (shown in inset photo with team manager Junjun Abcede), president and CEO of Sta. Elena Construction and Development Corporation.

Ms. Alice Eduardo, head of one of the nation’s largest construction companies, took time out from her busy schedule to watch the last two of the extended best-of-three title series between her sponsored team, Mega Builders, and eventual champions Cignal HD Spikers.

She so immensely enjoyed the edge-of-the-seat action with her two children and the way the Volley Bolts gave battle more so that she committed herself to continue supporting the Premier Volleyball League, another groundbreaking event organized by Sports Vision with Asics as its official league partner and Mikasa as its official game ball.

This was the first time that her company, Santa Elena Construction and Development Company, supported two teams in a Sports Vision league. Its originally backed squad, the Sta. Elena Wrecking Balls, also finished in the Final Four in the PVL Open Conference.

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