Management Diary The Quintessential Survival Guide in the Corporate Quagmire!

Management Diary


The Ultimate Reference For Managers And Wannabe's

Creativity and Innovation Management ? Feasibility


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.

Credibility - A Golden Key to Becoming More Influential


You have been named a new leader in your organization, or you are a long time leader with some new people in your organization. Or maybe you aren't a formal leader but are working on an important new project.

Innovation Management - idea selection and valuation issues


Innovation is different and distinct from creativity in that it is idea selection, development and commercialisation as opposed to creativity, which is problem identification and idea generation. The core issue with innovation management is, therefore, how to select those ideas that are most likely to succeed? Ideas have to pass though an idea funnel as most organizations lack the resources to try out all their good ideas.

What Personal Assistants Really Want


What would happen if the personal assistants in your organisation were away for a week? How would it affect the running of your business or department? How would it affect you?personally? If you are fortunate to have a personal assistant whom you heavily rely on to assist you, in most instances you would find yourself run ragged if they were absent for longer than a day. This week I spoke with two clients who were in the situation where their p.

How Managers Can Turn Failures Into Successes


Although there are real, external reasons for managerial difficulty - including massive reorganization after takeovers and the realities of discrimination due to age, sex, and race - managers fail most often for reasons they themselves create. These reasons include ignoring the application of emotional intelligence, failure to recognize individual motivation to be effective, and a failure to adapt to change and rebound from setbacks.

Tales from the Corporate Frontlines: Adapting Human Resource Functions


This article relates to the human resource functions competency, commonly evaluated in employee satisfaction surveys. It deals with employee feelings with regard to the quality and implementation of the human resource role within your organization.

Another Use for Meetings


Every meeting is a laboratory where you can observe and learn important things about the people who attend. In fact, you can use meetings to identify people who merit being promoted into leadership positions.

Is Busyness Affecting Your Business?


I'm too busy; I'd love to but I'm very busy; I'll get round to that when I'm not so busy. How often have you said any of those phrases? How many times a week do you hear someone else say those phrases? They're very common and busyness seems to have become a way of life for many people.

The Leadership Imperative: Making Your Leadership Your Life


Nearly all leaders I've encountered are underachievers. They're getting a fraction of the results they are capable of.

Saying ?No? Gracefully to Customers and Colleagues


Envision the scenario: You've just been asked at the last minute by Chris, the organizer of your local networking group, to replace the scheduled speaker at next month's meeting. You already have too many commitments on your plate.

Management Diary Articles - See index below:
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Bush says backs strong dollar policy (Reuters)

President George W. Bush speaks at a joint news conference with the Prime Minister of Japan Yasuo Fukuda at the G8 Summit at The Windsor Hotel Toya Resort and Spa in Toyako, Japan July 6, 2008. (Jim Young/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)

Passersby walk past a price board indicating regular gas is sold at 190 yen (US$1.79) per liter (0.26 gallon) and the high-octane gas at 200 yen ($1.88) per liter at a gas station in Tokyo Thursday, July 3, 2008. 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. (AP Photo/Shuji Kajiyama)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)

Robert M. Kimmitt, Deputy Secretary ofthe U.S. Department of Treasury, speaks during a conference on Sovereign Wealth Funds at the Asia Society in New York, April 14, 2008. (Shannon Stapleton/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)

A sign displaying gas prices is seen in Los Angeles on Thursday, July 3, 2008.  Fewer Californians are expected to travel during this year's Independence Day weekend because of record-high gas prices and high airfares, according to an AAA travel survey.  (AP Photo/ Matt Sayles)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)

In this June 5, 2008 file photo, job seekers gather at the Los Angeles Mission for the 7th annual Employment and Training Collaborative of Hope Central Career Fair  in Los Angeles. Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent, it was announced Thursday July 3, 2008. (AP Photo/Ric Francis)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)

Police officers walk past an advertisement banner outside a pachinko pinball parlor reading 'Summit on Friday' in Sapporo on Japan's northern island of Hokkaido, as part of the security measures ahead of the G8 Hokkaido Toyako Summit July 4, 2008. (Yuriko Nakao/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)

Inflation, and not the credit crunch, is the biggest economic concern worldwide, especially in developing countries, US Treasury Secretary Henry Paulson, pictured in June 2008, said in an interview Thursday.(AFP/File/Natalia Kolesnikova)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)

Fed Chairman Ben Bernanke waits to speak at Harvard senior class day in Cambridge, Massachusetts June 4, 2008. (Adam Hunger/Reuters)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)

Kyle Scott signs up with the Manpower temp agency in Park Ridge, Illinois April 10, 2008. (John Gress/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)

A taxi driver fills his cab at a gas station on Manhattan's West Side as the price of crude oil rose past the record for the fifth day in a row, in New York, March 11, 2008. (Chip East/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)

In this March 7, 2008 file photo, trader Richard Tandy Jr., center, works on the floor of the New York Stock Exchange. The nation's psyche is battered and bruised, the sense of pessimism palpable. The Independence Day holiday is typically a time to honor all that we are as a nation, but the feeling is there's less to celebrate on this our 232nd birthday. Happy? It would seem not. (AP Photo/Richard Drew, file)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)

Kyle Scott signs up with the Manpower temp agency in Park Ridge, Illinois April 10, 2008. (John Gress/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)

US Treasury Secretary Henry Paulson meets with Russian Prime Minister Vladimir Putin (not pictured) during his visit to Moscow in June 2008. Paulson said in London 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.(AFP/File/Natalia Kolesnikova)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)

U.S. Treasury Secretary Henry Paulson gestures during a joint news conference with Britain's Chancellor of the Exchequer Alistair Darling at Lancaster House in central London July 3, 2008. A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin spectres of rising inflation and slowing growth, Paulson said on Thursday. (Dominic Lipinski/Pool/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)

Treasury Secretary Henry Paulson speaks to Russian President Dmitry Medvedev (not pictured) in the Kremlin in Moscow June 30, 2008. (Denis Sinyakov/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)

US Treasury Secretary Henry Paulson, pictured in June 2008, said Wednesday that the US economy was enduring 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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