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:
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 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.
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.
Obama: New jobs numbers 'positive' but not enough
(AP)
 AP - President Barack Obama welcomed news Friday of better-than-expected private sector job growth. But with the unemployment rate ticking upward nevertheless, he said he'd roll out new plans next week to spur the economy.
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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