Management Diary
The Ultimate Reference For Managers And Wannabe's
Focus On the Prize
People talk to me about making personal and professional changes in their life. I hear comments about how hard they think it will be, concerns about their ability to be successful, pressure on themselves to produce results, etc.
Squeezing the Blood Out of that Old Turnip
I suspect all of you out there have someone that you rely on for insight and perspective - that wise old mentor that seems to have an unlimited depth of experience to draw from in helping you navigate life's little challenges. You know, those little parables and anecdotal tales that always relate perfectly that very problem you're trying to solve.
Effective Meetings - Quick Survey
Here's an easy quiz to check the health of your meetings. 1) Who leads your meetings? a) No one, b) Everyone, c) A facilitator 2) What happens to the ideas in your meetings? a) If we had to think of ideas, it would be work, b) We make fun of them, c) A scribe writes them on a chart pad 3) Are results obtained in your meetings? a) We eat all the donuts, b) And we drink all of the coffee, c) Yes! 4) Do your meetings have an agenda? a) Is that some kind of cabinet?, b) I saw one once in an article, c) Yes! 5) Who attends your meetings? a) We have bleachers to hold the spectators, b) The entire staff plus any homeless people in the neighborhood, c) Only those who can contribute 6) How long are your meetings? a) I'll let you know when this one ends, b) All day, c) An hour or less 7) During a meeting do you: a) Break a foam cup into bits, b) Prepare for the next meeting, c) Focus on the topic 8) How soon after the meeting do you issue minutes? a) If you think I want to publicize how much time we wasted, you're nuts, b) Within a few months or so, c) As soon as possible, if not faster 9) While someone is speaking, do you: a) Wonder about the strength of plastic foams, b) Plan a way to change the subject, c) Listen empathetically 10) What structured activities do you use in your meetings? a) We sit on chairs, b) Everyone leaves at the same time, c) Process tools designed to gather information, make decisions, and manage participation.
Best Practices Plan: Dissemination of a Great Idea
Good news spreads quickly News of the invention of the wheel must have traveled in every direction as quickly as horse or camel could run. Those who learned of its advantages over the litter and the sledge adopted it right away.
Toxic Bosses
What's everyone's favorite topic around the water cooler? Bad bosses! You know, the ones who make life in the office unbearable? Here are some of the more common varieties you'll find. 1.
The Boss Didn?t Understand Why His Staff Wasn?t Reading His Mind
Many people believe that everyone sees the world exactly the same way as they do. This is never true and was the source of much turmoil in Dr.
Make Change Easy - Get Involved!
There are wild variances in how much involvement organisations are brave enough to offer their people in change. From those organisations where they just 'tell' (sometimes by text message even!), to the most enlightened extreme, where they enable wholesale contribution to the change process.
How to Overcome Your Fear of Firing
OVERCOMING FEAR OF FIRING "It was obvious that this employee could not relate well to clients. But I could not bring myself to fire him.
Recognition: A Quick, Low-cost Way to Motivate Employees
Recognizing good performance through praise or other positive action is one of the simplest and most cost-effective ways to motivate people. It provides three major benefits: It lets people know that their performance was valued, and increases the likelihood that they will continue to perform well.
Innovation Management ? Raw brainpower versus experience
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.
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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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