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:
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Draghi throws ECB door open to money printing as global prospects dim

Draghi, President of the European Central Bank (ECB) delivers his speech at the European Banking Congress in the Old Opera house in FrankfurtFRANKFURT (Reuters) - European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use whatever means necessary as China also acted to boost its sagging economic growth.

Central banks set Wall St. up for fifth straight weekly gain

A trader works on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks rose on Friday, putting major indexes on track for a fifth straight weekly advance, after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.

China cuts interest rates to spur growth, ease debt pressure

The headquarters of the People's Bank of China is pictured behind an iron chain in BeijingBEIJING (Reuters) - China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads toward its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt.

EU investment plan to take shape next week

The European Commission's new President Juncker reacts as he chairs the first official meeting of the EU's executive body in BrusselsBRUSSELS (Reuters) - Jean-Claude Juncker will unveil a much anticipated 300-billion-euro ($370 billion) investment plan on Wednesday that is meant to trigger economic growth in the European Union.

Brazil's Rousseff struggling to limit Petrobras scandal's damage

Brazil's President Dilma Rousseff reacts during a meeting with leaders of the Social Democratic Party (PSD) at the Planalto Palace in BrasiliaBy Brian Winter and Anthony Boadle SAO PAULO/BRASILIA (Reuters) - President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling. Prosecutors say corrupt officials siphoned billions of dollars from Petroleo Brasileiro SA, as the company is formally known, into the coffers of several parties including Rousseff's Workers' Party. ...

China rate cut, ECB stimulus hopes boost world markets

A trader looks at computer screens at Madrid's bourseBy Michael Connor NEW YORK (Reuters) - World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise rate cut by China and as the European Central Bank indicated it would step up its asset purchases to boost the euro zone economy. The jump in oil prices briefly took beaten-down Brent back above $80 a barrel. U.S. interest rates were little changed as the dollar gained and the euro declined. ...

Vazquez favorite to win Uruguay presidential vote as economy shines

Tabare Vazquez, presidential candidate for the ruling Frente Amplio, gestures before giving his speech to supporters in MontevideoBy Malena Castaldi and Esteban Farat MONTEVIDEO (Reuters) - Leftist ruling party candidate Tabare Vazquez is a clear favorite to win Uruguay's presidential election this month, buoyed by widespread affection for the country's outgoing leader and strong economic growth. Opinion polls show Vazquez, who was president in 2005-10, trouncing Luis Lacalle Pou of the center-right National Party by between 13 and 17 percentage points in the Nov. 30 runoff. ...

China unexpectedly cuts rates to support economy
BEIJING (AP) ? China's central bank unexpectedly slashed interest rates on Friday to re-energize the world's No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown.
US stocks jump after surprise rate cut from China

The Wall Street subway stop on Broadway, in New York's Financial District, Thursday, Oct. 2, 2014. U.S. financial markets surged in early trading Friday, Nov. 21, 2014 as investors cheered a surprise interest rate cut in China and a hint of further stimulus for Europe from the head of the region's central bank. The rally extended gains from a day before, pushing the major market indexes further into record territory. (AP Photo/Richard Drew)U.S. stocks are rising after a surprise interest rate cut in China and hints that the European Central Bank will step up its economic stimulus efforts.

TSX nears two-month high as China cuts interest rates
By John Tilak TORONTO (Reuters) - Canada's main stock index rose to its highest in nearly two months on Friday, driven by gains in most major sectors, as investors cheered a move by China to cut interest rates. The surprise announcement was the first time in two years that China had cut rates, following signals that the pace of growth in the world's second-biggest economy was slowing. The move helped drive gains in the prices of commodities such as gold, copper and oil; and that pushed up shares in the mining and energy sectors. ...
Bank executive among finalists to be Brazil finance minister
SAO PAULO/BRASILIA (Reuters) - Respected Brazilian banking executive Joaquim Levy is among three finalists to become the country's next finance minister, and President Dilma Rousseff could announce her pick later on Friday, a government official said. Investors hope Rousseff will name a market-friendly figure such as Levy, who would signal a shift away from the leftist, interventionist policies they blame for Brazil's stagnant economic growth in recent years. ...
Tanzania's current account gap narrows in year to September
DAR ES SALAAM (Reuters) - Tanzania's current account deficit narrowed 12.6 percent in the year to September, helped by a rise in tourism earnings and exports of manufactured goods while oil imports fell, its central bank said on Friday.     The gap narrowed to $4.162 billion in the 12 months to September from $4.764 billion in the same period last year, the Bank of Tanzania said in its latest monthly economic report.     Earnings from tourism, the main foreign exchange source, rose by 12.1 percent to $1.981 billion due to more visitors. Imports rose 1. ...
Putin's high approval ratings not real: protest group

Russian President Putin chairs a meeting of the Security Council at the Kremlin in MoscowBy Liisa Tuhkanen LONDON (Reuters) - President Vladimir Putin may not be as popular as opinion polls suggest in Russia because the public has only limited access to information and the media is tightly controlled, members of the feminist punk protest band Pussy Riot said. Putin's approval ratings have soared to more than 80 percent since the start of the crisis in Ukraine and remained high despite an economic downturn and currency crisis. ...

Sri Lankan minister quits, to challenge Rajapaksa for presidency

Sri Lankan Health Minister Sirisena waves as he arrives at a news conference in ColomboCOLOMBO (Reuters) - Sri Lankan Health Minister Mithripala Sirisena resigned on Friday and said he would run as an opposition candidate against President Mahinda Rajapaksa in a snap election in January. The challenge from within his own ranks will be a blow for Rajapaksa, who is seeking an unprecedented third term and remains a popular leader despite foreign criticism over his sweeping powers and human rights record. "One family has taken control of the economy, power and the party," Sirisena said. "The country is moving toward a dictatorship. ...

Concerns about state of global economy have increased - Osborne

Britain's Chancellor of the Exchequer Osborne attends an EU ministers meeting in BrusselsBy Kylie MacLellan LONDON (Reuters) - Stagnation in the euro zone, recession in Japan and geopolitical crises have increased concerns about the state of the global economy, British Chancellor George Osborne said on Friday. Osborne said economic performance in the euro zone was a cause of "real worry and concern", particularly in Britain whose main export markets are in the bloc. "There is definitely more concern around about the state of the global economy than there was a few months ago, you see that not just when you talk about Europe," he told an audience of business leaders in London. ...

Russian FM: politics must not affect oil decisions

Russian Foreign Minister Sergey Lavrov, right, welcomes Saudi Foreign Minister Prince Saud al-Faisal during their meeting in Moscow, Russia, Friday, Nov. 21, 2014. (AP Photo/Ivan Sekretarev)MOSCOW (AP) ? Russia's foreign minister said Friday that political issues should not influence decisions on global oil production, even as the country's economy takes a hit from falling oil prices.

Abenomics working well, slide in yen positive: Abe adviser
By Kaori Kaneko and Sumio Ito TOKYO (Reuters) - Prime Minister Shinzo Abe's economic policies are working well but the blow to the economy from an April sales tax hike has been bigger than expected, a key adviser to Abe said on Friday. Koichi Hamada, professor emeritus of economics at Yale University, also said the overall economy would benefit if the yen weakened to 120 yen per dollar but added that steps were needed to reduce any negative impact on consumers. Abe dissolved parliament's lower house on Friday for a snap election expected on Dec. ...
Japan PM seeks verdict on 'Abenomics' in snap election

Japan's Prime Minister Shinzo Abe and his party's lawmakers raise their fists as they pledge to win in the upcoming lower house election in TokyoBy Linda Sieg and Elaine Lies TOKYO (Reuters) - Prime Minister Shinzo Abe dissolved parliament's lower house on Friday for a snap election on Dec. 14, seeking a fresh mandate for his struggling "Abenomics" revival strategy just two years after he returned to power promising that "Japan is Back". Abe had vowed to revive the economy with a mix of hyper-easy monetary policy, government spending and reforms, while moving ahead with plans to rein in Japan's massive public debt. ...

Nigeria must adjust to 'permanent' oil price shock: Finance Minister

Nigeria's Finance Minister Okonjo-Iweala speaks during an interview in AbujaBy Karin Strohecker LONDON (Reuters) - Nigeria will have to adjust to oil prices heading lower for some time to come, Finance Minister Ngozi Okonjo-Iweala said on Thursday in an interview in which she also cut the outlook for economic growth next year. Africa's largest economy relies on oil exports for 70 percent of government revenues and has been hit hard as crude prices have fallen to four-year lows below $80 a barrel after trading above $115 as recently as June. ...

UK public finances improve in October, remain far off-track

Britain's Chancellor of the Exchequer Osborne arrives at an EU finance ministers meeting in BrusselsBy Andy Bruce and William Schomberg LONDON (Reuters) - Britain's public finances improved slightly in October but finance minister George Osborne is still unlikely to meet his budget goals before next year's general election. Osborne said in March he aimed to slim the budget deficit by more than 10 percent over the following 12 months, helped by Britain's fast-recovering economy. Friday's shortfall was a bit narrower than expected but economists said Osborne's target looks almost impossible to hit. Osborne is due to present a half-yearly budget update on Dec. ...

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