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Business Management Information
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Innovation Management: What Problem Is Being Solved? Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. Conflict at 36,000 ft This was supposed to be one of those sleepy flights that leaves late, crosses two time zones, and arrives at 11:00 p.m. But it wasn't. Learn to Assert Yourself Pinpoint your own blocks to assertiveness: fear of disapproval, need to please others, fear of being too masculine or feminine, or the dread of making mistakes. Procrastination and JDI! In a management role procrastination can seriously hold back progress and demotivate individuals and teams who, full of innovation and drive to move forward, get frustrated and confused when action is held up. There are a number of steps that will help the procrastinating manager. Firstly, recognise it is a good and reasonable defence mechanism, which relates to the things which might have occurred in the past. A hurried decision which might have had an unsatisfactory and upsetting result. It is part of your character and maybe just a little too strong a behaviour for those who are around you. It can often be a great asset if you are surrounded by 'gung-ho' types who just go for things - there is value in caution and it is all relative! Secondly. Get Real! Many of the 'Fear' writings, such as 'Feel the Fear and Do it Anyway' by Susan Jeffers and 'How to Stop Worrying and Start Living' by Dale Carnegie, extol the virtues of realistically assessing the potential downsides. Often, asking yourself 'What is the worst that could possibly happen here?', gets you able to see how unlikely your decision is to be life-threatening. So have a think and be realistic - then do it! Third and finally, consider the effects of putting off decisions. How much harm does it do to the organisation, your nearby people and above all you, as decisions lie there at the back of your mind, unmade? The result is most often not the negative outcome that your worst fears suggest, but the subliminal worry that NOT having made the decision, i.e. it is still to be worried over, is often much, much worse when added up than the decision itself! Creativity and Innovation Management - Turning Ideas into Action The phrase "turning ideas into action" is a Russian doll. 5 Awesome Actions of Highly Creative Leaders! How many times have you wondered why you are unable to "think-out-of-the-box" more often? Delegate Tasks to the Right Person SELECTING THE RIGHT PERSON: To whom should tasks be delegated? Selecting the right subordinate to do the work is an evaluative process, and managers must be able to identify individuals both capable and willing to handle responsibility. Must Project Managers Be Technically Savvy? "Must Project Managers be technically savvy?" This topic always seems to cause quite a stir. While some believe that all you need to manage a project is a PMP certification, others are convinced that you can't successfully manage a software development project unless you truly understand the intricacies of the product. Three Professional Services Resolutions for 2005 With client expectations higher than ever before, and the gradual industry recovery ahead, consulting firms will need to focus more than ever on carefully identifying and serving the right clients. Five Overlooked Ways To Hire Winners Here is a true story. My dentist did a "clinical" evaluation of my teeth. That is his fancy way to say he looked in my mouth and starred at my teeth with his own two eyes. He found no cavities in his "clinical" evaluation. I felt happy and relieved! What are Your Best Practices? Best Practices Studies 5 Ways to Work More Effectively With Your Administrative Assistant Stop hiring new administrative support staff. And learn how to retain your existing administrative staff. Turning a Negative Employee Into a Positive Asset Several years ago, I took over the supervision of a section in a Public Agency. I was a newbie in management, enthusiastic, and excited about the opportunity that lay before me. I was informed by my manager that I had a problem employee on my team. He described her as unpleasant, resistant, not a team player and told me that I would have my hands full managing her. He stated that she had been forced upon him by another department and now we had to deal with her. I listened and filed his comments. Five Key Strategies for Making Your Nonprofit Business More Effective Consistently applying these strategies will help you achieve attention-getting results. Give it a try and track your progress. Well-Defined Processes ? How to Create Interested in learning how to reduce development time, save money and stay in control? Business professionals can learn how to create well-defined processes with the easy-to-manage Process Approach of Plan-Do-Check-Act. 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. Thus the commodity can be simplified to price/cost models. The commodity is still relative to fluctuations in currency, weather, and supply and demand. There is no reason a company like Ford cannot take those plants, which have closed and use them to make something else. Instead, they ran their plants at maximum capacity or close to it, and built lots of cars, which are now in the dealers or on their way to the dealers and there is no need to run the plants now sense there are enough cars built. If the cars become scarce, then the price goes up. As with anything; supply and demand. Are cars a commodity? It appears they are, but more so the time in the excess capacity in the factories is the real commodity although from a purely conceptual standpoint, both the time and the cars are commodities. Behavioral Extensions and Its Implications at Workplaces The study of Behavioral extension involves investigating the source of an actual demonstrated behavioral action. According to Behavioral Extension belief, no action can be seen as a disconnected expression. Every action is a result of deep set embedded Behavioral sets that are almost unalterable. The unalterable Behavioral set is a result of rooted beliefs and/or prejudices built and integrated into the psyche as a part of growing up. This Psyche ends up dictating the very personality of a person. Most people on their part are not aware of their own personality construct. This awareness if existent is what is known as 'Self Awareness'. Show Me the Money! Are you ready to raise money for your startup? Challenge of ERP Implementation: Q and A with Rick Maurer Question: ERPs seem like a good idea, so why is return on investment so low? Lets Flourish and Prosper! Some say that in business as in sex: if it is good, it's great and if it is bad it's still pretty good. This does not happen to be true. If business is bad, it can get very bad. There are personnel problems, production expenses, overhead, laws, taxes, fines. Faulty financial decisions, inability to accurately evaluate the situation and quickly resolve problems all lead to an extremely high mortality rate among new business: up to 95% do not survive past their first 12 months.
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