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Wait, I'm the Boss?!?

Wait, I'm the Boss?!?

The Essential Guide for New Managers to Succeed from Day One
by Peter Economy 2020 191 pages
3.45
50+ ratings
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Key Takeaways

1. Embrace change and foster a learning organization

Create "safe to fail" experiments and build in quick feedback loops to understand if we are achieving the desired outcomes.

Adapt or perish. In today's rapidly changing business environment, organizations must embrace change and continuous learning to survive and thrive. Managers play a crucial role in creating a culture that encourages experimentation, risk-taking, and learning from failures.

Foster a learning mindset:

  • Encourage employees to seek out new knowledge and skills
  • Provide resources for training and development
  • Create opportunities for cross-functional collaboration
  • Implement systems for knowledge sharing and best practices

Embrace change:

  • Communicate the benefits of change to your team
  • Lead by example in adapting to new situations
  • Celebrate successes and learn from failures
  • Encourage innovative thinking and problem-solving

2. Delegate effectively to empower your team

Deciding what not to do is as important as deciding what to do.

Multiply your impact. Effective delegation is a critical skill for managers, allowing them to focus on high-level tasks while developing their team's capabilities. Proper delegation empowers employees, builds trust, and increases overall productivity.

Steps for effective delegation:

  1. Clearly communicate expectations and desired outcomes
  2. Provide necessary resources and authority
  3. Establish checkpoints and feedback mechanisms
  4. Offer support without micromanaging
  5. Recognize and reward successful completion

Benefits of delegation:

  • Develops employee skills and confidence
  • Increases team engagement and motivation
  • Improves overall organizational efficiency
  • Allows managers to focus on strategic priorities

3. Communicate a clear vision and mission

Mission is the star we steer by. Everything begins with mission, everything flows from mission.

Inspire and align. A well-communicated vision and mission provide direction, purpose, and motivation for employees. They serve as a guiding light for decision-making and help create a sense of unity within the organization.

Crafting an effective vision and mission:

  • Keep it concise and memorable
  • Align with organizational values and goals
  • Make it inspiring and aspirational
  • Ensure it's relevant to all stakeholders

Communicating the vision and mission:

  • Use multiple channels (meetings, emails, visual displays)
  • Reinforce regularly in day-to-day operations
  • Connect individual roles to the larger purpose
  • Lead by example, embodying the vision in your actions

4. Master the art of employee motivation and recognition

You get what you reward.

Engage and energize. Understanding what truly motivates employees and providing meaningful recognition are essential for creating a high-performing team. Managers must go beyond traditional monetary incentives to tap into intrinsic motivators.

Effective motivation strategies:

  • Provide autonomy and ownership over work
  • Offer opportunities for growth and development
  • Connect individual contributions to larger goals
  • Foster a positive and supportive work environment

Recognition best practices:

  • Be specific and timely in your praise
  • Tailor recognition to individual preferences
  • Encourage peer-to-peer recognition
  • Celebrate both big wins and small victories

5. Cultivate a diverse and inclusive workplace

Diversity is about all of us, and about us having to figure out how to walk through this world together.

Embrace differences. A diverse and inclusive workplace fosters innovation, creativity, and better decision-making. Managers must actively work to create an environment where all employees feel valued and empowered to contribute their unique perspectives.

Benefits of diversity and inclusion:

  • Enhanced problem-solving and creativity
  • Improved employee engagement and retention
  • Broader market understanding and appeal
  • Increased innovation and financial performance

Strategies for promoting diversity and inclusion:

  • Implement unbiased hiring practices
  • Provide diversity and inclusion training
  • Create employee resource groups
  • Ensure equitable opportunities for advancement
  • Foster an open and respectful dialogue about differences

6. Navigate office politics with integrity

You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.

Build positive relationships. Office politics are an inevitable part of organizational life. Effective managers navigate these waters with integrity, focusing on building genuine relationships and aligning personal goals with organizational objectives.

Navigating office politics:

  • Understand the informal power structures
  • Build a network of allies and supporters
  • Communicate transparently and diplomatically
  • Focus on win-win solutions
  • Avoid gossip and destructive behaviors

Signs of toxic office politics:

  • Excessive bureaucracy and gridlock
  • Rampant favoritism and nepotism
  • Lack of accountability and blame-shifting
  • Indirect communication and backstabbing
  • Corruption and unethical behavior

7. Handle discipline and termination professionally

If we don't discipline ourselves, the world will do it for us.

Maintain respect and dignity. Addressing performance issues and, when necessary, terminating employees are challenging but essential aspects of management. Handling these situations professionally and compassionately is crucial for maintaining team morale and organizational integrity.

Progressive discipline approach:

  1. Verbal counseling
  2. Written warning
  3. Performance improvement plan
  4. Final warning
  5. Termination

Best practices for termination:

  • Document thoroughly throughout the process
  • Consult with HR and legal counsel
  • Communicate clearly and compassionately
  • Provide necessary information about benefits and next steps
  • Maintain confidentiality and respect

8. Recruit and retain top talent

People are not your most important asset. The right people are.

Build a winning team. Attracting and retaining top talent is critical for organizational success. Managers must develop effective recruitment strategies and create an environment that engages and retains high-performing employees.

Recruitment strategies:

  • Clearly define job requirements and cultural fit
  • Leverage multiple channels (job boards, social media, employee referrals)
  • Implement a structured interview process
  • Showcase your company culture and values
  • Offer competitive compensation and benefits

Retention techniques:

  • Provide ongoing growth and development opportunities
  • Offer meaningful work and autonomy
  • Recognize and reward top performers
  • Foster a positive work environment
  • Conduct regular check-ins and gather feedback

9. Lead through challenges and crises

Don't be embarrassed by your failures. Learn from them and start again.

Stay calm and focused. Effective crisis leadership requires a balanced approach of decisiveness, empathy, and clear communication. Managers must guide their teams through uncertainty while maintaining morale and productivity.

Crisis leadership strategies:

  • Communicate frequently and transparently
  • Focus on facts and dispel rumors
  • Prioritize employee safety and well-being
  • Adapt quickly to changing circumstances
  • Seek input and collaboration from team members

Post-crisis actions:

  • Conduct a thorough analysis of the response
  • Implement lessons learned
  • Recognize and celebrate team resilience
  • Update crisis management plans
  • Reinforce organizational values and purpose

Last updated:

Review Summary

3.45 out of 5
Average of 50+ ratings from Goodreads and Amazon.

Wait, I'm the Boss?!? receives mixed reviews, with an average rating of 3.48 out of 5. Some readers find it helpful for new managers, praising its practical advice and coverage of topics like team building and motivation. Others criticize it for being too basic or outdated, particularly regarding millennial workers. The book's strengths include its accessibility and comprehensive coverage of management topics. However, some reviewers note that it lacks depth in certain areas and may not be suitable for experienced managers or those outside traditional office settings.

Your rating:

About the Author

Peter Economy is a prolific author and business expert known for his practical management advice. He has written numerous books on leadership, entrepreneurship, and workplace success. Economy's writing style is often described as accessible and easy to understand, making complex business concepts approachable for readers at various levels of experience. His work frequently focuses on helping new managers and leaders develop their skills and navigate the challenges of the modern workplace. Economy's expertise is based on years of experience in business consulting and writing, and he is recognized as a thought leader in management and leadership circles.

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