Management Diary
The Ultimate Reference For Managers And Wannabe's
The How-Tos of Firing Incompetent Employees
CATEGORIES OF OFFENSES: Most organizations have two categories of offenses in their policies. One category is for flagrant actions which are cause for immediate termination.
Keep Your Good Workers by Building Good Leaders
A recent report from the American Hospital Association's Commission on the Workforce asked healthcare workers key questions about the performance of their front line managers. The study concluded that an employee's decision to stay with or leave an organization is primarily based on his or her relationship with an immediate supervisor.
Take This Into Consideration Before You Write Your Mission Statement
What principles should a company keep in mind when developing a mission statement? Appropriate criteria must be chosen for defining the business. There are several alternatives for defining one's services: by the products one produces, by unique resources that the company possesses, by a particular strength that the company has, by unique financial measures, or by needs that are met.
Get More Impact From Your Annual Conference
How can you get more attention for your conference and your association? Use some of these Power Marketing? tips and ideas. It won't cost much.
Oasis in a Cash Flow Desert - Four Resources That Increase Small Business Capital Streams
For small business owners, an enthusiastic vision for smooth, steady growth can become nothing more than a mirage once company cash flow problems begin to heat up. Most will struggle with the timing of payment from clients or customers at some point, all while attempting to pay their own bills in a timely fashion.
Top Ten Tips About Communicating with Your Employees Effectively
Communication is the basis of who you are as a manager/leader in business. The rules are simple and the good news is that you can learn them and develop your skills.
Well-Defined Processes ? How to Create
Interested in learning how to reduce development time, save money and stay in control? Business professionals can learn how to create well-defined processes with the easy-to-manage Process Approach of Plan-Do-Check-Act. Real Tools for Real Business Process In MBA courses, students come across a lot of buzzwords and the theories behind them.
Performance Appraisal Scenarios: Improve Your Communication
IMPROVING COMMUNICATION DURING THE PERFORMANCE APPRAISAL: If the employee has trouble getting started on the self-appraisal you might say: "Why don't you start by talking about the XYZ project?" (Pick a topic that the employee will feel comfortable with, a success rather than a failure.) "It seems to me that the PDQ project was harder than we expected.
Why We Judge
Judgment is the process of forming an opinion of something by making a comparison. While judgment can play an important role in decisions we must make to live productively, sometimes the thoughts we hold are what prevent us from having what we most desire.
Doing More With Less
This is a bottom-line environment. Decreasing the downtime of revenue producing employees is a major concern.
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MORE RESOURCES:
Wholesale inventories fall, sales surge
(Reuters)
Reuters - U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.
Wholesale inventories fall while sales increase
(AP)
AP - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.
UK's Brown paves way for election with budget date
(AP)
AP - Britain's economic recovery remains fragile, Prime Minister Gordon Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks.
Home loan demand nudges higher in latest week
(Reuters)
 Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
Regulators tell banks to restrict dividends, buybacks: report
(Reuters)
Reuters - Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
GDP seen slowing, tying Fed hands on rates
(Reuters)
Reuters - After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
Senate to pass jobless aid, business tax breaks
(AP)
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.
European stocks edge ahead as investors await data
(AFP)
 AFP - Europe's leading stock markets nudged higher on Wednesday as traders awaited key US economic data and assessed the latest batch of company results.
Ahead of the Bell: February budget deficit
(AP)
AP - Economists believe that the federal budget deficit through the first five months of the budget year is running at a record-breaking pace, with the February imbalance likely to climb to the highest level this fiscal year.
German January exports up 0.2 percent on year
(AP)
AP - Official data shows German January exports improved 0.2 percent compared with January 2009 but declined a sharp 6.3 percent from December.
Strong China trade data point to rise in yuan
(Reuters)
 Reuters - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
China plans new trade office as global disputes grow: sources
(Reuters)
Reuters - China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes.
Highlights of Senate jobless aid bill
(AP)
AP - Highlights of Senate legislation extending unemployment insurance and expired tax breaks:
Brown says UK to maintain AAA credit rating
(Reuters)
 Reuters - Prime Minister Gordon Brown said on Wednesday he believed Britain would maintain its coveted top credit rating and announced a pay freeze for senior civil servants and military officers to help tame a record deficit.
Economists trim 2011 U.S. growth forecast
(Reuters)
Reuters - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
US to expose trade barriers in new report
(AFP)
 AFP - The United States said it would expose "troublesome" foreign trade barriers in a strategy to prise open markets for doubling American exports to ease an unemployment crisis at home.
Gas price rises seen gentler on consumer wallets
(AP)
 AP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
SEC chief economist leaving
(AP)
AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
Job openings up sharply in January to 2.7M
(AP)
 AP - Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.
Texas Instruments CEO pay up 2 percent to $9.8M
(AP)
AP - Chip maker Texas Instruments Inc.'s CEO's compensation edged up in 2009, according to calculations by the Associated Press, a recession year that proved difficult for the chipmaker.
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