Name-Habtamu FikruClass-ManagementDate-12/1/13Instructor-Conceptual Management Skills in the Movie “The Flaw” Management is the act or the skill to control and make decisions regarding a business, department, or large organization. According to “The Exceptional Manager” by Kinicki Williams, conceptual skills are a good example of someone possessing the star qualities of a manager. According to the same source, conceptual competence is the ability to visualize the organization as a whole and includes analytical, creative and initiative skills. It helps managers set goals for the entire organization and plan for each situation. This skill is mainly required by senior managers as they spend more time on planning and problem solving. According to Kinicki, the main goal of using conceptual tools is to improve the quality of the decision-making or sense-making process. Managers will increasingly have to rely on their skills of interpretation, analysis and questioning rather than on their prior knowledge and experience, as their environment becomes increasingly turbulent. The goal of a conceptual management tool is not to present a definitive roadmap to a predefined solution. It simply provides a systematic framework for direction and progress. It provides steps, structures and formats that synchronize actions and allow groups and individuals to proceed in a coordinated manner. The goal of conceptual management is to improve the quality of the decision-making or problem-solving process. This should be achieved by improving communicative and cognitive processes. For this particular project, I selected a topic covered in one of the chapters of the book “The Exceptional Manager” in the first chapter and showed how this topic is illustrated..... . middle of paper...... Greenspan admitted in his testimony that, in light of a crisis he called a "once-in-a-century financial tsunami," he was wrong to think that financial markets could control themselves. He had wrongly expected that market discipline would prevent financial institutions from taking potentially lethal risks. I think the film showed how Greenspan was wrong in his free market beliefs and made poor decisions, particularly his failure to rein in dangerous mortgage lending practices. This is a very good example of a lack of conceptual management skills leading to serious economic consequences for people and a country. Works Cited: Kinicki, Angelo and Brian K. Williams. Management: a practical introduction. New York: McGraw-Hill Education, 2013. Print.The Flaw. Real. David Sington. Perf. Alan Greenspan, Robert Shiller, Joseph Stiglitz. 2011. DVD.