Management Diary
The Ultimate Reference For Managers And Wannabe's
Innovation Management ? some ideas are better than others
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation.
5 Steps to Continuous Process Improvement
Part One of Creating Well-Defined Processes Series What if your sales increased from $100,000 to $110,000 per day and your profit increased from $10,000 to $11,000 - did you improve by 10%? The answer might shock you...
Follow Up: It Makes A Difference
A while back the headlight switch on our minivan quit working, so early one Saturday morning we took it to the neighborhood repair shop that has been mailing postcards to us the past three years. They said it would take 90 minutes to check things out.
New Job, New Culture: Do You Fit In?
It seemed like a good decision at the time. A 10-percent raise, an easier commute and a chance to move up the corporate ladder.
Behavioral Extensions and Its Implications at Workplaces
The study of Behavioral extension involves investigating the source of an actual demonstrated behavioral action. According to Behavioral Extension belief, no action can be seen as a disconnected expression.
Forecasting Support Costs
Did you know that maintenance accounts for 50% to 80% of the overall product cost? Well, it does! And while most project managers are fairly good at sizing new product features, many are terrible at estimating the effort required to support a product once it becomes generally available. As a result, maintenance projects are inadequately staffed, companies can't respond to customer requests in a timely manner, and products never reach payback.
In Leadership, The Critical Convergence Drives Great Results
The Leader's Fallacy lives! We subscribe to the Fallacy when we believe our enthusiasm over a particular leadership challenge is automatically reciprocated by the people we lead. If ignorance is bliss then leaders going around blithely adhering to the Leader's Fallacy have cornered the market on happiness.
The High Cost of Employee Turnover Among Project Managers
Imagine for a moment this scenario from a frustrated Senior Manager of a large pharmaceutical organization: "Our organization has experienced a large turnover among project managers in the past year. This creates problems providing ongoing quality and service to our stakeholders.
Human Resources: The Misidentified Subject
Interest in the field of human resources has exploded in recent years due to the promises it offers for a better understanding of human beings at work. The term is now as ubiquitous as it has once been obscure.
Dont Hire Squirrels to be Your Top Dogs
Bad hiring decisions cost organizations, both in dollars and lost opportunities. But getting the right people in the right places doing the right thing is not easy.
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MORE RESOURCES:
Bush says backs strong dollar policy
(Reuters)
 Reuters - President George W. Bush said on
Sunday the American economy was not growing as quickly as he
would like and that his administration supported a strong
dollar policy.
Hyundai cuts, Kia lifts domestic sales target
(Reuters)
Reuters - Hyundai Motor Co (005480.KS), South
Korea's top auto maker, said on Sunday it had cut its local
sales target for this year by 6 percent as record-breaking oil
prices are hitting consumer sentiment in Asia's fourth-largest
economy.
G-8 meets as economy storm clouds thicken
(AP)
 AP - Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.
Kimmitt confident in economic fundamentals
(Reuters)
 Reuters - Deputy U.S. Treasury Secretary Robert
Kimmitt said on Friday he was confident about the United
States' economic fundamentals in the long term despite a
current rough patch and was quite optimistic about the future.
Gas prices hit another high for holiday weekend
(AP)
 AP - Fireworks aren't the only thing skyrocketing on this Fourth of July. The price of gas has hit another all-time high.
62,000 jobs lost, off nearly half-million for year
(AP)
 AP - The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.
G8 to tackle inflation, but concrete action elusive
(Reuters)
 Reuters - G8 leaders aim to present a united front
against global inflation, driven by soaring oil and food
prices, at a summit in Japan next week, but solving the problem
requires more than just a strong message from rich nations.
Inflation, not credit crunch, is top concern worldwide: Paulson
(AFP)
 AFP - Inflation, and not the credit crunch, is the biggest economic concern worldwide, especially in developing countries, US Treasury Secretary Henry Paulson said in an interview Thursday.
IBD's Top 10 - Thursday
(Investor's Business Daily)
Investor's Business Daily - 1 The 6th straight monthly payrolls drop was in line with forecasts, though April and May payrolls were revised lower. That bodes ill for the economy, but recessions typically have bigger job cuts. Unemployment stayed at 5.5%, defying forecasts for a dip after May's spike. Factories and home builders slashed staff. Rising jobless claims signal more job losses ahead.
Wall Street firms reduce, banks step up Fed loans
(AP)
 AP - Wall Street companies sharply scaled back their borrowing from the Federal Reserve's emergency lending program over the past week while commercial banks boosted it slightly.
Economy extends job loss streak
(Reuters)
 Reuters - U.S. employers cut workers for a
sixth straight month in June for the longest such streak since
2002 and the country's vast service sector unexpectedly
contracted, underscoring the economy's frailty.
Service sector contracts as orders fall
(AP)
AP - Higher oil prices caused service businesses to shrink in June, as falling new orders and rising costs hit the nation's coffee shops, paper mills and corner stores.
New York cabbies struggle as fuel costs hack pay
(Reuters)
 Reuters - Tired of pumping his cash right back
into his gas tank, New York City taxi driver Mohammed Kalair
says he is considering quitting his job and going back to his
native Pakistan.
Stocks end mixed following jobs, services data
(AP)
 AP - Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market.
U.S. cuts jobs for 6th month
(Reuters)
 Reuters - U.S. employers cut workers from
their payrolls for the sixth straight month in June for the
country's longest losing streak since 2002, while the
unemployment rate held steady at 5.5 percent, government data
on Thursday showed.
Jobless lines growing longer
(AP)
AP - The number of newly laid off people signing up for unemployment insurance rose sharply last week.
Paulson says US economy set to strengthen
(AFP)
 AFP - US Treasury Secretary Henry Paulson said here on Thursday that the US economy would most likely be stronger at the end of 2008, even as oil prices surged to new records above 146 dollars.
Don't blame the buck for high oil price: Paulson
(Reuters)
 Reuters - A weaker dollar cannot be blamed for
soaring oil prices as policymakers around the world tussle with
the twin specters of rising inflation and slowing growth, U.S.
Treasury Secretary Henry Paulson said on Thursday.
Paulson: inflation becoming top global focus
(Reuters)
 Reuters - U.S. Treasury Secretary Henry Paulson
said on Thursday inflation was becoming the top economic focus
of many countries around the world as oil and food prices take
their toll.
Paulson says US economy enduring 'rough period'
(AFP)
 AFP - US Treasury Secretary Henry Paulson said Wednesday that the US economy was enduring "a rough period" and warned that home foreclosures would likely remain high in the near future.
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