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What is Management By Optimism?

 , updated on September 19, 2016
Management by optimism is a set of positive strategies for directing and controlling business functions. It has several components:

Abundance Mentality

An abundance mentality is the belief that there is more than enough for everyone. It rejects that common tendency for people to delight in the failure of others and to be fearful of their success. As a management strategy, an abundance mentality calls for fearlessly growing the capabilities of your team. If highly capable team members pass you, they may become important allies.

Positive Communication

Communication that is designed to trigger excitement for the future. Outline potential solutions as opposed to problems.

Forward Thinking

Quickly dealing with past failures so as to move on with things that can be changed in the present or future.

Letting Results Speak

Moving so quickly forward that you barely notice office politics. Based on the idea that high performers can afford to ignore politics while low performers must constantly defend their position and status in the political arena.

Risk Taking

Developing ambitious strategies and encouraging the same of your team.

Risk Management

Risk takers who survive to 30 are usually reasonably obsessed with risk management. Big wave surfers love to talk about tides, currents, rocks, reefs, sharks, kelp, floating objects and other dangers of surfing. Their ability to take far greater risks than the average surfer is based on risk mitigation strategies such as skill development, intimate knowledge of local conditions and jet ski rescue capabilities. Likewise, managers who take unusually large risks and survive are typically adept at identifying and treating risk.

Trust & Verify

Optimism and trust go hand-in-hand as optimistic managers see the best in their team. Management by optimism is associated with delegating responsibilities and allowing individuals to leverage their own style in accomplishing goals. Managers who delegate retain accountability for results and due diligence requires oversight and verification of results.
Overview: Management By Optimism
Type
Management
Management Style
Definition
A style of management based on positive communication, trust, risk taking and resilience to failure.
Value
Considered an aggressive, fair and productive approach to management that is particularly useful for business functions that require risk taking.
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A guide to management techniques.

Strategic Planning

A list of techniques for developing and implementing a strategy.

Productivity

The basics of productivity.

Project Management

A guide to project management.

Internal Benchmarking

The common types of internal benchmarking.

Internal Customer

A definition of internal customer with examples.

Business Optimization

A definition of business optimization with examples.

Team Objectives

The common types of team objective.

Internal Stakeholders

A definition of internal stakeholder with examples.

Management Planning

An overview of the different types of management planning.

Management Examples

A definition of management with examples.

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A list of common business risks.

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The five things that can be done about risk.

Risk Management Effectiveness

A metric for measuring risk management.

Positive Risk

The potential that you'll achieve too much of a good thing.

Dread Risk

Any risk that people have a strong aversion too.

Risk Taking

The definition of risk taking with examples.

Risk Examples

A list of risk examples by type.

Risk Probability vs Risk Impact

The two main factors in modeling a risk.

Calculated Risk

A definition of calculated risk with an example.

Relative Risk

How to calculate relative risk with examples.
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