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:
Obama planning new package of economic aid
(AP)
 AP - Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.
Obama promises more stimulus as unemployment edges up
(AFP)
 AFP - President Barack Obama promised a fresh slew of measures to boost the ailing US economy Friday after fresh data showed unemployment was again on the rise.
Companies add 67K workers, but jobless rate rises
(AP)
 AP - Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.
Payrolls data offer ray of hope for recovery
(Reuters)
 Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
A look at economic developments around the globe
(AP)
AP - A look at economic developments and activity in major stock markets around the world Friday:
Obama says to address new economic ideas next week
(Reuters)
 Reuters - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.
US services sector growth eases
(AFP)
 AFP - Growth of the key US services sector fell to its lowest level in eight months in August amid a weakening economic recovery, a survey report said Friday.
Summary Box: Service sector growth slows in August
(AP)
AP - GROWTH SLOWING: The Institute for Supply Management said its service-sector index fell to 51.5 last month from 54.3 in July. The number indicates growth for the eighth consecutive month but it was the weakest pace since January.
Service sector grows at slower pace in August
(AP)
 AP - The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.
Broke youth anti-crime groups want federal cash
(AP)
 AP - A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues.
Obama: jobs data 'positive' but not enough
(AFP)
 AFP - US President Barack Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.
Top Obama critic blasts 'job-killing' policies
(AFP)
 AFP - President Barack Obama should fire his top economic advisers and quit his "job-killing" policies, the top House Republican said after US unemployment jumped to 9.6 percent in August.
Campbell Soup profit beats Street but sales light
(Reuters)
 Reuters - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.
(AP)
AP - Obama calls anew for Congress to pass legislation providing tax relief for small businesses.
White House: August jobs report reassuring
(Reuters)
Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring.
Non-manufacturing sector slows in August: ISM
(Reuters)
Reuters - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday.
Oil prices stage gentle rebound after US payrolls
(AFP)
 AFP - Oil prices firmed on Friday as traders examined a better-than-expected payrolls report in the United States, the world's leading energy consumer.
Instant View: Payrolls fall by 54K, less than expected
(Reuters)
Reuters - U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth.
Service sector spotlight shines on Germany, China
(Reuters)
Reuters - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States.
Obama to comment Friday on jobless report
(AP)
AP - President Barack Obama will speak to reporters Friday after the Labor Department releases its monthly jobless report.
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