Management Diary The Quintessential Survival Guide in the Corporate Quagmire!

Management Diary


The Ultimate Reference For Managers And Wannabe's

Business Innovation ? Organizational Structure


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.

7 Strategies for Sustained Innovation


The need for constant reinvention is a given in today's business environment. And while a breakthrough product or concept can catapult an organization ahead of its competitors, in these fast-paced times, that advantage is often short-lived.

Factoring Financing: How to Grow Your Business Without Debt or Loans


What is factoring? Accounts receivable financing, also known as factoring, is a powerful financial tool that has fueled the growth and success of a number of companies. Factoring enables companies to capitalize on their unpaid receivables by selling them to a factoring company for immediate payment.

Being a Great Boss


Are you one of those bosses that people just love to hate? Maybe successful, maybe very intelligent, maybe organized and moving forward but just can't get along with people. Communication and other people skills are as important to the success of your business as your talent, knowledge and entrepreneurial drive.

Setting Direction Within an Organization


FINDING DIRECTION: An organization can't succeed without direction. Direction means having clear goals and guidelines; set goals and guidelines for staff to follow.

Out of Control?


There are papers on the floor, across the desk and resting on the keyboard. Piles of files are all around.

Entitlement Programs Kill Productivity


In articles I've written over the years, I have used "laissez-faire," a term more frequently used to characterize governments than businesses, to describe a rather laid-back management style. When I use this term, I am referring to management personnel who put very little pressure on employees to achieve their full potential by pushing them toward peak performance levels.

Building the Trust in Your Employees - 12 Easy Tips


In Stephen Covey's great book, 'The Seven Habits of Highly Effective People', he talks about the 'emotional bank account', where you have to build a credit in your relationship with the individuals who you work with (and everyone else as well!). If what you do isn't 'trustworthy', then all you have done in your gentle listening and asking great and interested questions to build, is to 'debit' your account.

How To Prevent Your New Manager From Becoming A Statistic


According to a study by the Manchester Group, 4 out of 10 new managers fail in the first 18 months! The top 5 reasons cited:
  • Not building partnerships or teams with colleagues and peers
  • Unclear expectations
  • Not enough political savvy
  • Takes too long to learn the job
  • Inability to balance work and personal lives
Every day new managers are hired or promoted because of 'what they know'. When they fail to thrive it's because of 'who they are' or 'how they go about getting things done'.

The Top 10 Things They Don?t Teach You In Business School


Here are 10 subjects that academia should be teaching their students in business school: 1.Generate revenue for your company What academia doesn't teach you is that the real purpose organizations hire you is to generate revenue.

Management Diary Articles - See index below:
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MORE RESOURCES:

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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