What is Management By Optimism?

Management By Optimism

Management by Optimism is an essential ingredient of innovation. It’s a set of positive strategies for directing and controlling business functions. An optimistic sees opportunity where others see uncertainty and despair. Management by Optimism is very different to being optimistic. Being optimistic is seeing the cup as half-full — trying to think the best rather than the worst in a given situation. Optimism affects your success whether you are formally “in sales” or not. When the economy is down like it is today and millions of people are out of work, the pessimist uses those factors as excuses to stay in place.

Management by Optimism is about ignoring potential failure. Optimism is a characteristic that is the basis of positive thinking. You simply cannot start a successful business in a difficult economic environment unless you throw off the negative emotions of fear, uncertainty, and worry.

Optimism Management has several components:

Abundance Mentality

An abundance mentality is the belief that there is more than enough for everyone. “Abundance thinkers believe there is always more where that came from,” said Michael Hyatt. As a management strategy, an abundance mentality calls for courageously growing the capabilities of your team. Be selective with what you put into your mind. Create your own environment of abundance.

Positive Communication

Ask yourself, what is better for your business, a positive or a negative attitude? Successful businesses understand the power of positive business communication. Using negative tone and terminology will get you nowhere and most likely, you receive negativity back.

Forward Thinking

Forward thinkers are collaborative leaders in business. Many organizations include the phrase “forward thinking” in their core values or vision statements. Because they are visionaries and have an art for implementing results.  It refers to organizations and the way in which they proactively look toward to move on with things that can be changed in the present or future.

Risk Management

Risk management is the process of identification, assessment, analysis, minimization, or elimination of unacceptable risks. As a society, we need to take risks to grow and develop. Likewise, managers who take noticeably large risks and survive are typically neat-handed at identifying and treating risk. An organization may use risk assumption, risk avoidance, risk retention, risk transfer, or any other strategy in the proper management to make sure organizations achieve their objectives.

Trust, but verify

Trust, but verify is a translation of a Russian proverb, It should be used not just in business management but in every aspect of life. This is the one key management tool that will help you run your team more effectively. Optimism and trust go hand-in-hand as optimistic managers see the best in their team. They understand the task and are able to explain what needs to be done ok. If you can’t trust your team to deliver the basics of the job then they either need better training or you should consider someone else to fulfill the task.

Do you have any example or suggestion of Management by Optimism and probably other ways to explain it? Let us know on our comment box below!

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