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Management by optimism is a set of positive strategies for directing and controlling business functions. It has several components:Abundance MentalityAn 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 CommunicationCommunication that is designed to trigger excitement for the future. Outline potential solutions as opposed to problems.Forward ThinkingQuickly dealing with past failures so as to move on with things that can be changed in the present or future. Letting Results SpeakMoving 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 TakingDeveloping ambitious strategies and encouraging the same of your team.Risk ManagementRisk 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 & VerifyOptimism 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.|
| Type | ManagementManagement 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. | | Related Concepts | OptimismDefeatismDefensive PessimismRiskRisk Management |
Management
This is the complete list of articles we have written about management.
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A guide to management techniques.
A list of techniques for developing and implementing a strategy.
The basics of productivity.
A guide to project management.
Strategies that managers use to achieve goals.
The common types of internal benchmarking.
A definition of internal customer with examples.
A definition of business optimization with examples.
The common types of team objective.
A definition of internal stakeholder with examples.
The common types of management planning.
A definition of management with examples.
A list of common business risks.
The four things that can be done about risk.
A metric for measuring risk management.
The potential that you'll achieve too much of a good thing.
Any risk that people have a strong aversion too.
The definition of risk taking with examples.
A list of risk examples by type.
The two main factors in modeling a risk.
A definition of calculated risk with an example.
How to calculate relative risk with examples.
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