Management Diary The Quintessential Survival Guide in the Corporate Quagmire!

Management Diary


The Ultimate Reference For Managers And Wannabe's

Cultural Differences: Making it Work Virtually


Working virtually adds a whole new dimension to the phrase "cultural differences". It immediately becomes apparent how different people around the world work, live and network.

Goodwill is an Intangible Asset


'Goodwill' is regarded as an intangible asset in a business. Goodwill carries a value over and above the tangible assets of a business, and representing all benefits derived from the distinctive location, trade and brand names, credit rating, reputation, cusotmers and patronage of the business.

Success in Business Means Managing Negative Emotions


You may have the MBA but if an internal critic constantly berates you, or you have feelings of self-doubt, low self-confidence, fears of rejection or other negative emotions your chances of success may be quite limited. More and more executives are beginning to realize that the next frontier in maximizing their chances for success is to start focusing on building personal internal skills that go beyond the business training that they have already received.

Effective Meetings: Why Most Meetings are a Waste of Time


Whether your company holds one meeting a week or dozens of meetings a day it is essential that this time is used efficiently and effectively. Most meetings are less effective than they could be not because they are poorly managed, but because meeting managers spend all of their time focusing on the one or two hours when people will be gathered around the conference table or video screen.

Reprimanding Marginal Employees


THE MARGINAL PERFORMER: Every manager must, from time to time, deal with a marginal performer - an employee whose work, for the most part, is satisfactory, but who regularly fails in some specific area or areas to maintain a satisfactory level of performance. The work of the marginal performer can be classified as substandard in some cases but not so poor as to warrant immediate termination.

What Your Employees Want You to Know (But You Might Be Afraid to Ask)


This is a challenge for every company owner and manager. You have tremendous plans for growth and expect a lot of your employees.

The Top Six Reasons to Buy Rather Than Build an Inventory Management Solution


Is building your own inventory management solution really your best bet? The issues that companies face when they decide to build a solution in house are numerous: Scarce development resources, project cost overruns, delivery delays, unexpected technical issues, long-term maintenance issues. For these reasons, you should consider purchasing hosted, flexible, 'out-of-the-box' vendor managed inventory (VMI) and web-based inventory solutions that can be running in a matter of days -- rather than months -- all at a fixed monthly price - with no delays, low risk and a lower total cost of ownership.

Let the Intern Do It - Affordable Help for Your Business


Do you have more projects than time? Help might be as close as your nearest college. Many have intern programs, where students complete tasks for businesses as part of their studies.

Lawyers With 2 Hands And Everything Else


I heard this back a few years ago. The boss yelled, 'Get me a good lawyer but not the one with two hands!' 'Huh?' secretary was puzzled.

Get Down With OCP: Evaluating DBA Job Applicants in an OCP World


Not long ago, weeding through DBA applicants with a tech interview was a straightforward process. You'd ask candidates 200 or so technical questions.

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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