Management Diary The Quintessential Survival Guide in the Corporate Quagmire!

Management Diary


The Ultimate Reference For Managers And Wannabe's

New Leadership For A New War


Military analysts call this 'asymmetrical' war (as if war has a terrible symmetry); and we know that it will be as different from conventional war as three-dimensional, blindfolded chess is from conventional chess. But one thing is certain, leadership lies at the heart of achieving victory.

Management Procedures Usability ? How to Improve


Are your people consistently following your procedures? Each year, organizations lose thousands of dollars through common mistakes and lapses in usability. But what does that mean for business owners and executives? Ask yourself: ?Are your required actions described thoroughly and accurately, or are the details left open to interpretation? ?Is your content consistent and complete, or are your writers leaving gaps no one has noticed? ?Are revisions controlled, or are different people using different versions? ?Are your procedures compliant with regulations? Are you sure? ?Are all documents written to produce clear, measurable results? If you're unsure about any of the answers to these questions, there is good news: you can make your procedures clear and complete without combing through all of them yourself line by line.

Tales from the Corporate Frontlines: Training is in the Eye of the Beholder


This article relates to the Training competency, commonly evaluated in employee surveys. It comments on the value of training to both the company and its workforce.

Inventory Management 101


Inventory management may seem complicated to some, but if one truly thinks about what the words "inventory management" mean, it is a simple concept. Inventory is basically a list of goods and materials that are held by a business and are available in stock.

Critical Success Factors - Next


(Note, although this article was written in early 2002, it is totally relevant. Right now.

To Thine Own Self Be True--Its Better for Business: What Arthur Andersen Would Say to His Company


As a child, you probably heard, 'to thine own self be true.' But what does that really mean? When the newspapers are full of cheating and lying business owners, politicians, and academics, does it really make sense to maintain your integrity? To me, the answer is a clear, unwaffling YES! Without your integrity, you really don't have a business or a career--just a waiting game until you world comes crashing down around you.

Rethinking Workplace Security: How the Rules Have Changed


The workplace has traditionally been a dangerous place. Very early in mankind's history perils emanated from the place and type of work they performed.

Business Leadership Skills - Managing the Human Being Behind the Business


It's a common problem and we've all seen it - business owners that are just 'too busy' all of the time, and as a result, do not enjoy the success in business they had hoped for. Let's not kid ourselves, there is a lot to focus on: technology, employees, sales, marketing and so on.

Management Development - Micromanagement Works!


Getting into the detail of everything each of your people does, will really damage your relationships with them. Sure, there are times where their hand needs to be held, and then there are times when you have to be sensitive enough to their needs to back off and let them learn for themselves.

Train Me -- But Follow Through


My mechanic has me trained. When I take my car in for an oil change, he places a sticker in the upper left hand corner of my windshield to remind me what date and mileage I should have my next maintenance completed.

Management Diary Articles - See index below:
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | 101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | 111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | 120 | 121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 |



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Asia shares edge higher, oil tumbles to four-year low

Pedestrians with umbrellas walk past an electronic board showing Japan's Nikkei average and the exchange rates between the Japanese yen and the U.S. dollar, outside a brokerage in TokyoTOKYO (Reuters) - Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded.



Puerto Rico threatened with transit shutdown in political spat
By Edward Krudy (Reuters) - Puerto Rico's public transit system will shut down on Monday if lawmakers do not increase a tax on oil, the U.S. commonwealth's Government Development Bank said, accusing politicians of taking an "irresponsible" gamble on the island's economy. The possible shutdown of Puerto Rico's buses and commuter train services, affecting 75,000 commuters, would be a major escalation of the island's debt crisis and would threaten its fragile economy. ...
Yellen's 'optimal' model calls for rate hike this year, in theory
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellen's own priorities points to a rate increase by the end of this year.
Argentine presidential aspirant Massa says would cut back state controls

Presidential candidate Massa and former economy minister Lavagna talk during a meeting with foreign correspondents in Buenos AiresTIGRE, Argentina (Reuters) - Sergio Massa, a frontrunner in Argentina's presidential election next year, said on Wednesday he would ensure the independence of the central bank and modify laws that have ramped up the role of the state in the country's stagnating economy. Massa, who heads the Front for Renewal party and would come third in a vote now according to the latest opinion polls, said heavy controls on private firms had stunted investment and forecast the economy would shrink by 2 percent this year. ...



Catalonia moves closer to early election as dialogue hopes fade

Supporters hold up a Catalan independence flag during a conference in BarcelonaMADRID (Reuters) - Catalonia's two main parties on Wednesday moved a step closer to calling a snap regional election they want to use as a proxy for a referendum on independence from Spain. The region, which accounts for one fifth of Spain's economic output, went ahead with a symbolic independence referendum on Nov. 9 despite Prime Minister Mariano Rajoy blocking such a move in the courts and calling it illegal. ...



U.S. consumer, business spending data point to slowing growth

Matt Giardina carries his purchase, a HDTV, at a Best Buy store on the shopping day dubbed "Black Friday" in FraminghamWASHINGTON (Reuters) - U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.



U.S. EPA seeks tighter ozone standards to cut pollution
By Valerie Volcovici WASHINGTON (Reuters) - The Obama administration on Wednesday proposed stricter curbs on ground-level ozone, a pollutant linked to several serious health conditions, in a move industry groups and congressional Republicans said would place a heavy burden on the U.S. economy. The Environmental Protection Agency said it would set National Ambient Air Quality Standard between 65 and 70 parts per billion concentration of ozone and consider public comments on standards within a 60 to 75 ppb range. The EPA must finalize the rule by October. ...
U.S. consumer sentiment climbs in November

Shoppers walk past a shop while carrying shopping bags in New YorkNEW YORK (Reuters) - U.S. consumer sentiment rose in November to its highest level in more than seven years on improvements in the current economic condition, including lower gas prices and improving job prospects, a survey released on Wednesday showed.



EU proposes $380 billion investment plan

President of the European Commission Jean-Claude Juncker arrives to deliver his statement on growth, jobs and investment package for Europe, Wednesday, Nov. 26, 2014 at the European Parliament in Strasbourg, eastern France. (AP Photo/Christian Lutz)BRUSSELS (AP) ? The European Union's executive has proposed a plan to boost investment in the bloc's flagging economy by 315 billion euros ($380 billion) by attracting reluctant private investors with guarantees and seed money. Experts warn, however, it alone will not be enough to restart growth.



US indexes barely budge ahead of Thanksgiving
NEW YORK (AP) ? Stock indexes are holding near record levels as traders digest some mixed news on the U.S. economy.
Reuters Poll: Expected timing for Bank of Canada rate hike pushed back

The Bank of Canada building is pictured in OttawaBy Anu Bararia (Reuters) - The Bank of Canada will likely defer an interest rate hike until late next year despite high household debt and above-target inflation, a Reuters poll showed on Wednesday. The central bank will stay put at next week's policy decision, according to the poll of 41 economists, leaving its key interest rate on hold until the fourth quarter of 2015, slightly later than forecast in a Reuters poll in October. Recent comments from BOC Governor Stephen Poloz and his officials on how close to capacity the Canadian economy was operating triggered some of the forecast changes. ...



Juncker investment plan a first step but more needed: France
PARIS (Reuters) - A European Commission plan to secure 300 billion euros of largely new private investment goes in the right direction but more stimulus is needed, French officials said after its unveiling on Wednesday. France's center-left government has long lobbied for the region to embark on a concerted effort to boost growth, a move resisted notably by Germany's ruling conservatives, who argue that budgetary rigor and economic reform are the priorities. ...
U.S. core capital goods orders fall for second straight month in October

A customer walks past a display of refrigerators at a Sears store in Schaumburg, Illinois, near ChicagoWASHINGTON, Nov 26 (Reuters) - New orders for U.S.-made capital goods unexpectedly fell for a second straight month in October, a sign that the economy lost some momentum early in the fourth quarter.



U.S. consumer spending rebounds, income rises modestly

A man shops for an oven at a Home Depot store in New YorkWASHINGTON, Nov 26 (Reuters) - U.S. consumer spending rebounded in October, suggesting some resilience in the economy at the start of the fourth quarter. The Commerce Department said on Wednesday consumer spending increased 0.2 percent last month after being flat in September.



Somalia's new bourse sees seven firms listing on opening in 2015
By Duncan Miriri DIANI, Kenya (Reuters) - The Somalia Stock Exchange expects seven companies in the telecoms, financial services and transport sectors to list their shares when the bourse is set up in 2015, its founder said. Somalia's economy is slowly recovering from more than two decades of conflict, although the government is still battling an Islamist insurgency. Amid the chaos, some businesses have thrived, including money transfer and mobile phone firms. ...
Business investment unexpectedly drops in third-quarter, GDP unrevised

Builders work on a new building being constructed in the foreground of the Canary Wharf financial district, seen from the O2 Arena on a foggy morning in East LondonBy David Milliken and William Schomberg LONDON (Reuters) - British business investment unexpectedly fell in the third quarter of 2014 and growth relied heavily on household spending once again, raising fresh questions about the resilience of the economy's recovery. Wednesday's more detailed breakdown of what drove growth in the three months to September confirmed that gross domestic product grew 0.7 percent during the quarter, unchanged from last month's preliminary estimate. That was down from 0.9 percent in the second quarter, the joint highest quarterly rate in four years. ...



Cameroon aims to increase budget by more than 13 pct in 2015

Cameroon's Prime Minister Philemon Yang attends the Executive Session 1 of the Commonwealth Heads of Government Meeting in PerthYAOUNDE (Reuters) - Cameroon's 2015 budget will increase by more than 13 percent from this year, and the government expects economic growth to accelerate to 6.3 percent, Prime Minister Philemon Yang said on Tuesday. Presenting the draft budget to parliament, Yang said it would have a total value of 3.746 trillion CFA francs ($7 billion). The growth prediction is a step up from this year's expected 5.8 percent, with 2015 inflation forecast at 3 percent. Cameroon is an oil producer in the Gulf of Guinea and the world's fifth largest cocoa producer. ...



Asian stocks mostly up after US data

People walk on a bridge with a board showing stock exchange rates in the Lujiazui Financial District of Shanghai on November 25, 2014Asian markets were mostly higher Wednesday following better-than-expected US economic growth data and news that Germany had narrowly averted recession.



Profits squeezed at sanctions-hit Russian lender

People walk past a Sberbank sign in Moscow on October 8, 2008Russia's biggest lender Sberbank said Wednesday its profits fell 10 percent year-on-year in the first nine months of 2014 as the sanctions-hit bank stepped up loan-loss provisions due to the slowing economy and falling ruble. "The group's net profit in the first nine months of 2014 was 241.3 billion rubles, down 10.1 percent compared to the same period of 2013," Sberbank said in a statement. State-controlled Sberbank was among five major banks to be hit with punitive sanctions from the European Union this summer over Moscow's actions in the Ukraine crisis.



Carlyle, Old Mutual to acquire South African tyre firm from Ethos
JOHANNESBURG (Reuters) - U.S. buyout firm Carlyle Group LP and the private equity arm of insurer Old Mutual have agreed to buy South African tyre retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday. The deal, still subject to approval from South African competition regulators, is for an undisclosed sum, Ethos said. This marks the first acquisition for Carlyle's $700 million African fund in the continent's most developed economy.
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