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.
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MORE RESOURCES:
US retail sales rise unexpectedly despite blizzards
(AFP)
 AFP - The storied American consumer braved blizzards and economic headwinds to shop in February, unexpectedly pushing up retail sales for the second straight month, official data showed Friday.
Feb. retail-sales report offers positive surprise
(AP)
 AP - Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from racking up purchases. The advance, the biggest since November, provided hope that the recovery from the Great Recession is gaining momentum.
Cheap cigars, politics and the Volcker Rule
(Reuters)
Reuters - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.
Consumer sentiment dipped in early March
(Reuters)
 Reuters - U.S. consumer sentiment declined slightly in early March, with Americans less positive about the job outlook, a survey released on Friday showed.
Obama eyes dovish policymaker as Fed number two: reports
(AFP)
 AFP - US President Barack Obama plans to nominate San Francisco regional central bank chief Janet Yellen, a policy dove, as Federal Reserve Board number two, news reports said Friday.
Unemployment higher among young war veterans
(AP)
AP - The Labor Department says the unemployment rate for young Iraq and Afghanistan veterans was 21.1 percent last year.
Retail sales rise as shoppers fight winter blues
(Reuters)
 Reuters - U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery.
Obama to tap Yellen for Fed vice chair: source
(Reuters)
 Reuters - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
New slide in US videogame sales
(AFP)
 AFP - NPD Group on Thursday said US videogame sales slid 15 percent in February to 1.26 billion dollars, defying optimism that the industry would rebound on a reviving economy.
Business inventories flat in January
(AP)
AP - Business inventories were basically flat in January even though sales rose for an eighth consecutive month.
UBS urges parliament to back U.S. tax deal: report
(Reuters)
Reuters - Switzerland's UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation's economy.
Canada's unemployment rate drops
(AP)
AP - Canada's unemployment rate has slipped to 8.2 percent as the economy gained 21,000 jobs.
(AP)
AP - Business inventories unchanged in January as total sales increase for eighth conscutive month.
AP Source: Obama wants Yellen as Fed vice chair
(AP)
 AP - President Barack Obama intends to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, a person familiar with the selection said Friday.
Dollar mixed before US data
(AFP)
 AFP - The dollar traded mixed on Friday before the publication of official US economic data, while the yen was also in focus after Japan's leader called for "firm steps" against the currency's recent rise.
European stock markets gain ground
(AFP)
 AFP - Europe's main stock markets rose Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said.
Eurozone industrial productions soars in January
(AP)
AP - Industrial production in the 16 countries that use the euro spiked by an impressive 1.7 percent in January from the month before, official figures showed Friday, raising hopes that the recovery from recession may be more buoyant than expected.
Greek jobless rate eases but recession entrenched
(Reuters)
 Reuters - Greece's gross domestic product shrank slightly less than feared at the end of 2009 and unemployment eased, but the economy looked set to deteriorate as the government imposes major cutbacks.
U.S. "very close" to job growth: Summers
(Reuters)
Reuters - White House economic adviser Larry Summers said on Thursday that the United States is "very close" to the point where job growth can begin. (Reporting by Chris Baltimore; editing by Carol Bishopric)
Regulators shut LibertyPointe Bank in NYC
(AP)
AP - Regulators on Thursday shut down LibertyPointe Bank in New York City, boosting to 27 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
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