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Management Diary
The Ultimate Reference For Managers And Wannabe's
Your Company Without Training - Any Questions?
Okay, be honest! Are you guilty of sticking in a few boring videos and calling it training? Do you send in your department heads to deliver a few, rushed, canned presentations and call it orientation? Are you then surprised when your new employees don't live up to your expectations, and your employee turnover numbers keep rising? What if you took the time and money that you spend on employee recruitment and put it into employee training? Would it make a difference? Would it be worth the effort? You Bet it Would!! Take, for instance, The Container Store, who has made the top of Fortune magazine's "100 Best Companies to Work For" list for the 6th year in a row! In an employee's first year they offer over 241 hours of training, far exceeding the training hours offered by other retail stores. In the next 18 months they are slated to open 5 more stores, creating over 6000 more jobs! More impressively, the retail industry averages 150% employee turnover, but The Container Store averages only 25%!! Learn also, from ACTS Retirement Life Communities, a Continuing Care Retirement Corporation, based in Pennsylvania with additional locations in Florida, Georgia and North Carolina.
Manufacturing Capacity as a Commodity
Excess capacity in an automobile plant at Ford, Chrysler, Toyota, GM, and Honda is a commodity and those who study finite capacity scheduling modules can readily see the possibilities for increased production and that means profit. Einstein said time is relative, that is true, time is relative, manipulating commodity theoretical models allows companies to see thru time and keep costs and purchases on an even keel without the problems of relative time.
How to Keep a Good Employee: Look, Listen, Learn
Recently a client told me a wonderful story about how a change of attitude helped her to keep a valued employee. Angry and grumbling about one of the provisions in the company policy, the employee asked for a private meeting with my client, the owner of a small sales company, and began to tell her in direct terms what was wrong.
How to Fire an Employee
One of the most difficult tasks you will face as a business owner will be firing employees. Employees who consistently break the rules, do not perform the functions of their job, or cause difficulties for your business can be a strain on the work environment, your cash flow, and even disrupt your business from thriving and performing as expected.
My Companys Leadership Sucks!
Maybe it's the season or just a more buoyant job market; but lately I'm sure involved in a lot more discussions about leadership. I'm receiving more requests for help defining the key characteristics which make a great leader; and I'm hearing a lot of negative stuff from clients about their bosses.
Delegate or Die!
You Can't Do It All - Learning To Delegate There is not a single management skill more critical to your personal and professional success as an entrepreneur than learning to delegate. But delegating successfully is much more than simply handing out assignments.
Succession Planning for Your Business - 7 Key Benefits
A core activity in many successful businesses, Succession Planning is simple and quick to implement - here are seven reasons why you will find it of great value in your business or organisation. But, you need to lead - it works only as well as the support it gets! - Time Succession Planning creates capable people.
Communicating with Case Studies
A few weeks ago, a couple of colleagues and I discussed a new business idea. But, we had trouble expressing how this new business would provide value.
The Dog That Didnt Bark
A few weeks ago, after consultations with others in an association I represent, I made a partnership pitch to another organization with similar interests. If the idea comes to fruition, it will radically change our organization.
The Significance of the Mundane
This article begins with a tip of the hat to a scholarly publication called the Journal of Mundane Behavior. Unlike other publications, which herald important issues, this one trumpets everyday, but rarely noticed, behaviors.
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MORE RESOURCES:
State Str Corp (STT) newly added by Country Fund Management - Mffais.com Oracle Corp (ORCL) holdings reduced by Country Fund Management - Mffais.com Microsoft Corp (MSFT) still held by Penbrook Management Llc - Mffais.com Gammon Infra to focus on waste-water management - Economic Times
Gammon Infra to focus on waste-water managementEconomic Times, India - 2 hours ago... on waste-water management as a new growth vertical for the company. "We have put in a bid to Aurangabad Municipal Corp for water treatment project. ... |
John Coomber of Swiss Re Joins Pension Corporation's Management ... - PR Newswire UK (press release) Telular Corp (WRLS) still held by Penbrook Management Llc - Mffais.com Data IO Corp (DAIO) more shares bought by Penbrook Management Llc - Mffais.com Edge Pete Corp (EPEXP) holdings reduced by Penbrook Management Llc - Mffais.com Analysts Intl Corp (ANLY) more shares bought by Penbrook ... - Mffais.com Oxford Funding Corp. Management Comments on Current Market Conditions - Market Wire (press release)
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