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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.
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MORE RESOURCES:
Wholesale inventories fall, sales surge
(Reuters)
Reuters - U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.
Wholesale inventories fall while sales increase
(AP)
AP - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.
UK's Brown paves way for election with budget date
(AP)
AP - Britain's economic recovery remains fragile, Prime Minister Gordon Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks.
Home loan demand nudges higher in latest week
(Reuters)
 Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
Regulators tell banks to restrict dividends, buybacks: report
(Reuters)
Reuters - Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
GDP seen slowing, tying Fed hands on rates
(Reuters)
Reuters - After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
Senate to pass jobless aid, business tax breaks
(AP)
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.
European stocks edge ahead as investors await data
(AFP)
 AFP - Europe's leading stock markets nudged higher on Wednesday as traders awaited key US economic data and assessed the latest batch of company results.
Ahead of the Bell: February budget deficit
(AP)
AP - Economists believe that the federal budget deficit through the first five months of the budget year is running at a record-breaking pace, with the February imbalance likely to climb to the highest level this fiscal year.
German January exports up 0.2 percent on year
(AP)
AP - Official data shows German January exports improved 0.2 percent compared with January 2009 but declined a sharp 6.3 percent from December.
Strong China trade data point to rise in yuan
(Reuters)
 Reuters - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
China plans new trade office as global disputes grow: sources
(Reuters)
Reuters - China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes.
Highlights of Senate jobless aid bill
(AP)
AP - Highlights of Senate legislation extending unemployment insurance and expired tax breaks:
Brown says UK to maintain AAA credit rating
(Reuters)
 Reuters - Prime Minister Gordon Brown said on Wednesday he believed Britain would maintain its coveted top credit rating and announced a pay freeze for senior civil servants and military officers to help tame a record deficit.
Economists trim 2011 U.S. growth forecast
(Reuters)
Reuters - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
US to expose trade barriers in new report
(AFP)
 AFP - The United States said it would expose "troublesome" foreign trade barriers in a strategy to prise open markets for doubling American exports to ease an unemployment crisis at home.
Gas price rises seen gentler on consumer wallets
(AP)
 AP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
SEC chief economist leaving
(AP)
AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
Job openings up sharply in January to 2.7M
(AP)
 AP - Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.
Texas Instruments CEO pay up 2 percent to $9.8M
(AP)
AP - Chip maker Texas Instruments Inc.'s CEO's compensation edged up in 2009, according to calculations by the Associated Press, a recession year that proved difficult for the chipmaker.
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