Management Diary

The Ultimate Reference For Managers And Wannabe's

How to Make the Best of it - Take Your Weather with You

• Smile!
• Remember - you represent your Company
• Delight your customers.

  Quick Tip - Effective Meetings Earn a Profit

  
  Most people treat meetings as a free resource that can be used to deal with any issue. As a result, huge amounts of time and money are wasted on trivia.

  Getting to Consensus

  
  The need to get people in an organization to pull together comes out often in discussions about communication. Let's think of it as getting to consensus, to roll a bunch of similar issues into one ball.

  Five Defining Characteristics of Great CEOs

  
  1. Personal insight.

  Show Me the Money!

  
  Are you ready to raise money for your startup? Leslie Mitts, Managing Practice Leader at the Wharton SBDC and Lead Advisor for the Wharton Venture Initiation Program, tells us that most entrepreneurs coming through her programs are focused on raising capital, even though there are higher priorities in many of their businesses. Since fresh dollars help drive the business engine, this is a natural entrepreneurial concern.

  Listening Strategically

  
  Usually, we're most interested in communicating outwardly; getting our messages out to others. But finding ways to hear what's going on around us can be just as important.

  Help Your Employees Prepare for a Performance Appraisal

  
  PREPARING EMPLOYEES FOR THE PERFORMANCE APPRAISAL INTERVIEWS: Remind employees to give some thought to the purpose of performance appraisal: it is a means to learn from the past, plan for the future, and improve effectiveness and work satisfaction. The performance appraisal discussion is an opportunity to motivate, recognize, and reward your employee.

  Internal Prisons: The Thief of Productivity and Quality in our Workforce

  
  As a professional speaker, one of my biggest challenges is to grab the attention of my audience within the first few minutes of the presentation- grab them by the throat if you will. I do this by coming out in a suite and tie, following an introduction in which I have been described as a recent college graduate who earned both of his degrees with a 4.

  Narcissism in the Boardroom

  
  The perpetrators of the recent spate of financial frauds in the USA acted with callous disregard for both their employees and shareholders - not to mention other stakeholders. Psychologists have often remote-diagnosed them as 'malignant, pathological narcissists'.

  Using Employee Opinions Effectively When Designing HR Programs

  
  Using Employee Opinions Effectively When Designing HR Programs Employee opinion is one of the most powerful resources available to human resource professionals. But what are the best methods for harnessing those opinions? Conversation - Welcoming feedback via informal conversation is the first step towards utilizing the viewpoints of employees.

  Management Diary Articles - See index below:
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  German industrial orders buoyed by global demand (AP)
  AP - The German government says strong demand from outside the eurozone helped the country's industrial orders rise a stronger-than-expected 1.7 percent in December.

China growth could halve if Europe crisis worsens: IMF (Reuters)
Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.
Europe's debt rose to 82 percent of output at end-Q3 (Reuters)
Reuters - The European Union's total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011, the EU's statistics agency said on Monday, lower than the United States but still a burden that could take decades to pay down.
Analysis: Iran economy could limp along under sanctions (Reuters)
Reuters - Tightening international sanctions against Iran look set to shrink its economy, push up inflation and further erode its currency, but they may fail to deliver a knock-out blow that forces Tehran to compromise on its nuclear ambitions.
Analysis: Euro zone strugglers lack innovative knack (Reuters)
Reuters - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.
IMF warns Europe downturn could cut China growth (AP)
AP - A sharp downturn in Europe could cut China's economic growth rate nearly in half, the International Monetary Fund said Monday, adding to warnings about a possible severe global slowdown this year.
Oil below $97 as traders eye Greek debt talks (AP)


AP - Oil prices fell below $97 a barrel Monday on worries that talks on a Greek debt deal needed to avoid a disastrous default are proving difficult to conclude.



France, German leaders meet amid euro, Syria crises (Reuters)
Reuters - The French and German leaders meet on Monday in Paris for annual talks in which they will seek further economic coordination in the crisis-hit European Union and discuss the escalating violence in Syria.
Police clear DC Occupy site, protesters look to a new day (Reuters)
Reuters - U.S. police officers cleared tents from an "Occupy" protest site in downtown Washington on Sunday, but demonstrators said even without the camp they would continue to fight for economic equality and other issues.
Obama says he deserves re-election, job's not done (AP)


AP - President Barack Obama says he deserves re-election, despite the nation's economic troubles.



Europe's shadow darkens outlook (Reuters)
Reuters - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
With sparse data, focus returns to Europe (Reuters)
Reuters - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.
France says Greek PSI talks going "relatively well" (Reuters)
Reuters - France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its debt down to 120 pct of GDP level by 2020 were difficult.
Obama presses Congress to pass aid to homeowners (Reuters)
Reuters - President Barack Obama on Saturday pressed lawmakers to pass his proposal to provide up to $10 billion in aid to struggling homeowners, saying a failure to address the housing crisis would put the rest of the economy at risk.
Dealer group sees higher US auto sales and prices (AP)
AP - Car buyers will likely pay more for new and used cars this year as the economy improves.
Hiring surges in January; jobless rate at 8.3 pct. (AP)


AP - In a long-awaited surge of hiring, companies added 243,000 jobs in January — across the economy, up and down the pay scale and far more than just about anyone expected. Unemployment fell to 8.3 percent, the lowest in three years.



Obama pushes for veterans jobs programs (AP)
AP - In an effort to cut the unemployment rate among veterans, President Barack Obama is calling for a new conservation program that would put veterans to work rebuilding trails, roads and levees on public lands.
Unemployment falls sharply in US, rises in Europe (AP)
AP - Unemployment falls sharply in US, rises in Europe
Jobless rate at 3-year low as payrolls surge (Reuters)
Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
California to borrow internally to raise cash (Reuters)
Reuters - California Governor Jerry Brown signed a bill on Friday allowing the state government to borrow from internal funds to build up its cash, which the controller earlier this week said was quickly dwindling.