Three Management Keys

Golden Elements’ management philosophy can be summed up as the “Three Management Keys”-building the leadership group, developing strategies, and leading the team, with the first one being the prerequisite for the other two. A strong leadership group would make right decisions by developing proper strategies, and lead and mobilize a competent team to execute the strategies. In this way, an enterprise will grow steadily and healthily.

>> Building Leadership Group
Building that leadership group means selecting executives with ability and integrity, separating responsibilities within the leadership in a good matrix, encouraging the free and constructive ways of expressing ideas, having rational decision-making and efficient execution of the decisions by pooling the collective wisdoms of everyone, restricting and balancing the power of the top executive, and improving the authority of the whole leadership group.

>> Developing Strategies
Golden Elements has seven steps in this: describing the vision, defining a strategy, working out tactics/strategic initiatives, breaking a strategy down into parts/phases, selecting leaders, adjusting the organizational structure, and working out the measurement/ incentives plan. This, however, is not a process where the steps are taken strictly in that order and the role of any particular step should not be overestimated. The process of picking the correct strategy should involve rounds of brainstorming, verification, and systemic reasoning.

>> Leading the Team
This means getting every employee ready to contribute and knowing how to contribute, and achieving efficiency through teamwork to ensure the proper execution of a strategy. The key to developing a competent team includes incentives and corporate culture.