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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Visa gives big boost to Dow, but GDP doesn't excite

The Nasdaq logo is seen on the exterior of the Nasdaq MarketSite in New YorkBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks mostly edged higher on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, while results at Visa single-handedly put the Dow in solidly higher territory. Gross domestic product grew at a 3.5 percent annual rate in the third quarter, beating expectations, though down from the 4.6 percent rate in the second quarter. The data came a day after the Federal Reserve ended its stimulative bond-buying program, leading investors to look to when the central bank will begin raising interest rates. ...



US economy grew 3.5% in third quarter

The American flag flutters in the breeze before the US Capitol, cocooned in scaffolding, October 28, 2014US economic growth was robust in the third quarter, according to the first government estimate Thursday, appearing to underscore the Federal Reserve's decision to end its asset-buying stimulus program. The world's largest economy expanded at an annual rate of 3.5 percent in the July-September period as defense spending surged and exports climbed, narrowing the trade gap, the Commerce Department said. The economy contracted 2.1 percent in the first quarter largely due to severe winter weather. "Growth above three percent in four of the past five quarters is starting to look like a trend," said Ian Shepherdson of Pantheon Macroeconomics.



South Africa's rand bounces back against a firm dollar
JOHANNESBURG (Reuters) - South Africa's rand firmed against the dollar on Thursday as the central bank defended its inflation targeting policy, saying it was the best approach to reducing price pressures while contending with slowing economic growth. The South African Reserve Bank's out-going governor Gill Marcus told a policy conference that the bank was unlikely to raise its inflation target from the current 3-6 percent band. The rand regained some of the ground lost overnight after a hawkish statement on interest rates by the U.S. central bank saw it flounder, and by 1509 GMT traded 0. ...
ECB says will launch asset purchase programme in Nov

The EURO logo is pictured in front of the European Central Bank, ECB in Frankfurt/Main, Germany, on October 26, 2014The European Central Bank said on Thursday it will begin its purchases of asset-backed securities or ABS in November as part of a multi-pronged attack to kick-start credit in the euro area. In addition to a range of other measures, the ECB has drawn up an Asset-Backed Securities Purchase Programme (ABSPP) as "one of a number of measures ... to facilitate the provision of credit to the euro area economy." Asset-backed securities (ABS) are bundles of individual loans such as mortgages, auto credit and credit-card debt which are sold on to investors, allowing banks to share the risk of default and freeing up funds to offer more lending. The ECB believes that the market for such securities -- an important source of financing for banks to keep lending to small and medium-sized enterprises -- has effectively dried up since the financial crisis.



TSX drops as Goldcorp plunges on results, bullion selloff

A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in TorontoBy John Tilak TORONTO (Reuters) - Canada's main stock index was lower on Thursday as Goldcorp Inc dived after it reported disappointing quarterly results and got hit, along with other gold miners, by a drop in the bullion price fueled by positive U.S. economic data. Goldcorp shares tumbled nearly 9 percent to C$21.90 after the company?s results fell short of market expectations. Bullish comments about the U.S. economy on Wednesday from the U.S. Federal Reserve and data showing that U.S. gross domestic product grew at faster-than-expected rate in the third quarter weighed on bullion. ...



Spanish economy pulls ahead as eurozone stalls

A senior citizen shops in covered market in the center of Madrid on October 4, 2013Spain's economy expanded for the fifth straight quarter from July to September, official data showed on Thursday, holding to weak recovery from recession while the rest of the eurozone stalled. The country is pulling away from deep problems arising from a property crash and the eurozone debt crisis, and has enacted tough reforms against a background of high unemployment. Spanish gross domestic product grew by 0.5 percent in the third quarter from output in the previous quarter, according to initial figures from the national statistics institute. The Spanish economy, the eurozone's fourth biggest, has achieved modest but steady growth since emerging last year from its recession after the collapse of a property boom in 2008 that brought the country to the verge of default.



Dollar surges as Fed ends QE on hawkish note

U.S. one-hundred dollar bills are seen in this photo illustration at a bank in SeoulBy Jamie McGeever and Francesco Canepa LONDON (Reuters) - The dollar surged to a three-week high and global shares fell on Thursday as the Federal Reserve struck a confident note on the U.S. economy while the threat of deflation in the euro zone mounted. The Fed's announcement late on Wednesday that it was ending bond-buying after six years was widely expected, but its decision to drop a characterization of U.S. labor market slack as "significant" in the accompanying statement was not. ...



Ukraine's GDP shrinks 5.1 percent, beating expectations

A woman walks near a shop and a pile of sandbags in the centre of Donetsk, eatern Ukraine, on October 26, 2014Ukraine said its economy shrank by 5.1 percent on a 12-month basis in the third quarter, less than expected and signalling a pause in the war-torn country's accelerating economic decline. The government had warned earlier that this year the economy could shrink by nine percent because the separatist uprising that has gripped Ukraine's industrial east has effectively shut down industries responsible for nearly a quarter of the country's industrial output. Economy Minister Oleksandr Shalapak said this month that Ukraine's GDP reading for the third quarter may come in above expectations because of a relatively strong performance in September. Ukraine's economy recorded no growth last year and contracted by 0.2 percent in 2012.



German inflation stuck at 0.8% for fourth month in a row

A steel tube is being produced at the Mannesmann Valourec steel tubes factory in Duesseldorf, western Germany on April 15, 2013. German inflation remains ultra-low, stocking eurozone deflation fearsFrankfurt (AFP) - Inflation in Germany, Europe's biggest economy, remained at the ultra-low level of 0.8 percent for the fourth month in October, initial data showed on Thursday against a background of eurozone deflation worries.



Zambia Treasury says no change in policy, urges markets to stay calm
LUSAKA (Reuters) - Zambia's economic policies remain unchanged and there is no need for market panic following the death of President Michael Sata this week, the finance ministry of Africa's second-biggest copper producer said on Thursday. "I wish to appeal to all economic players, to remain calm as they execute their business activities and to desist from speculative tendencies that may cause instability in our economy," Fredson Yamba, the top civil servant in the finance ministry, said in a statement.
Trade, defense spending buoy U.S. third-quarter growth

Thanksgiving Day holiday shopper carries a discounted television to the checkout at the Target retail store in ChicagoBy Lucia Mutikani WASHINGTON (Reuters) - A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday's report hinted at some loss of momentum in activity. Gross domestic product grew at a 3.5 percent annual rate, the Commerce Department said on Thursday, beating economists' expectations for a 3.0 percent pace. While the pace of growth in business investment, housing and consumer spending slowed from the second quarter, all those categories contributed to growth. ...



Athens stock market down 3.6%, bank index plunges 7.3%

A Greek flag waves outside the Athens stock exchange on April 10, 2014The Athens stock market fell 3.6 percent in trading on Thursday, with the banking index plunging 7.3 percent over concern about the state of the Greek economy. The stock market has been under pressure since three Greek banks were found to be short of capital on Sunday under stress tests of eurozone banks by the European Central Bank. Stock in Eurobank was down 7.14 percent and in National Bank of Greece 8.0 percent. Stock in Piraeus Bank was down 5.88 percent.



IMF advises Tanzania to keep public debt in check

A photographer takes pictures through a glass carrying the International Monetary Fund logo during a news conference in BucharestDAR ES SALAAM (Reuters) - The International Monetary Fund said on Thursday that Tanzania is on track to reach its target for economic growth of about 7 percent this year, but warned the government to keep its public debt in check.     Tanzania has stepped up domestic and external borrowing to finance infrastructure projects and plans to issue a debut Eurobond that could be worth up to $1 billion in fiscal year 2015/16.     The IMF said it had agreed a cumulative external commercial borrowing ceiling of $2.4 billion with Tanzania for the period from July 2014 to June 2016. ...



German labour market holds its own in face of slowing economy

A worker works at the production line in the Mercedes-Benz factory of the Daimler AG in Sindelfingen, southwestern Germany, on February 5, 2013Unemployment in Germany, Europe's biggest economy, fell unexpectedly this month, as the labour market shrugged off cooling economic conditions all around, data showed on Thursday. The number of people registered as unemployed in Germany fell by a seasonally-adjusted 22,000 to 2.887 million in October, the Federal Labour Office said. The labour market usually picks up in the autumn as companies and businesses re-hire people following the summer holidays. Looking beyond that, however, the German labour market remains resilient, the office insisted.



Linde industrial gases cuts 2014 profit forecast

The logo of German maker of industrial gases Linde can be seen in Munich, southern Germany, on March 17, 2014Linde, the German maker of industrial gases, on Thursday cut its profit forecast for the current year in face of slowing economic conditions in its key areas of business. Industrial gases are used in a wide range of activities, and notably in steelmaking. "We have to take account of the fact that economic growth has been much weaker than we all expected. In addition, future prospects for global economic trends have recently dulled," complained Linde chief executive Wolfgang Buechele.



Lufthansa lowers profit forecast for 2015
FRANKFURT, Germany (AP) ? German airline Deutsche Lufthansa AG has lowered its profit forecast for 2015 over concerns that the global economy may experience a downturn next year.
Spanish economy grows for 5th quarter in a row
MADRID (AP) ? Spain's economy grew by 0.5 percent in the third quarter compared with the previous three months, its fifth consecutive quarterly growth.
South Africa cbank's Marcus says CPI targets reduce price pressure

Central bank Governor Marcus gestures as she addresses businesspeople in SowetoPRETORIA (Reuters) - South Africa's central bank defended its inflation targeting policy on Thursday, saying it had helped reduce price pressures and contributed to more favourable economic growth. Governor Gill Marcus, whose five year term in office will end on Nov. 8, told a conference on inflation targeting that raising its band from the current 3-6 percent would probably push CPI higher. ...



Lufthansa cuts 2015 forecast on global economic slowdown

Strike action by Lufthansa pilots has wiped 170 million euros from the airline's earningsLufthansa, Europe's biggest airline, on Thursday cut its profit forecast for 2015 in face of the global economic slowdown. "When we look ahead, we can see that the economic slowdown and the continuing declines in our passenger yields in the face of fierce competition will affect our operating scope in the year ahead," said chief executive Carsten Spohr. Previously, Lufthansa had been pencilling in operating profit of around 2.0 billion euros ($2.5 billion) for next year and 1.0 billion euros for this year. Lufthansa said it expects to post operating profit of around 1.0 billion euros for the year, "excluding the impact of any further strike action between now and year-end."



Asia stocks fall, dollar surges on Fed's hawkish twist

Investors sit in front of an electronic board showing stock information at a brokerage house in ShanghaiBy Shinichi Saoshiro TOKYO (Reuters) - Asian stocks were mostly lower and the dollar surged to a three-week high versus the yen after the U.S. Federal Reserve ended its massive quantitative easing programme, as expected, but laced its economic assessment with a tinge of hawkishness. Spreadbetters expected a more stable start for Europe, forecasting an effectively flat open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6 percent. ...


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