 Category :: Management Articles |
Author :: Jidé Odubiyi  |
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| Article Title :: Deja Vu MCI to Qwest International Inc: Can this Corporate Marriage Survive? |
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| Current Situation:As of this writing, the MCI Board of Governors has given Verizon Communications Inc. one week to sweeten their $7.5 billion offer, otherwise they have no choice but to accept Qwest Communications’ $9.74 billion offer to purchase MCI Inc. If the Board does not receive a counter offer from Verizon Communications by May 3, 2005, then it will recommend its shareholders vote for Qwest’s offer. From all accounts (Noguchi Washington Post, 4/24/2005), Verizon is a stronger and more stable company with $71.3 billion versus $13.8 in 2004 revenue, 210,000 employees versus 42,000. Qwest carries more than $17 billion in debt and it plans to reduce its costs by $15 billion (read full article) |
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| Category :: Management Articles |
Author :: Chris Anderson |
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| Article Title :: How You Can Learn to be a Better Manager |
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| When you first take over a department, expectations are usually high but operations are sometimes in disarray. The staff is disorganized, goals aren’t being met, and hours are spent on unproductive tasks. Just when you think the company would never get on track, the CFO recommends that you learn more about something called operations assessment.Crucial Management Skills Help Avoid MistakesAt first, you aren’t sure how operational assessment skills would help you manage better, but you quickly see that the training makes all the difference. You learn that planning without assessment can be as ineffective as not planning at all. You also learn that goal-oriented checklists (read full article) |
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| Category :: Management Articles |
Author :: William Von Achen |
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| Article Title :: How to Prepare for Your Company's Financial Future |
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| Sooner or later, most business owners need to look for outside financing. Whether it’s a line of credit with a bank to handle predictable cash crunches or a significant capital investment to improve plant and equipment, virtually every business will need access to additional funds at some point in its life.But the time to start thinking about how to make the best impression with bankers and private investors ideally begins long before you schedule an appointment to discuss your financing needs. In fact, the best preparation you can undertake to get the financing your business requires is the very same work that you should be doing to ensure that your business is financially sou (read full article) |
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| Category :: Management Articles |
Author :: Marcia Zidle |
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| Article Title :: Hire Winners: Avoid These 10 Interview No-No's |
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| Have you ever hired someone who did not live up to expectations? I’m sure many of us have at one time. The purpose of the interview is to obtain good information about an applicant to make a wise selection decision. It may sound simple but then why are there so many poor hires? The reason is that many hiring managers make 10 key interviewing errors that prevent them from hiring the best people.
Beginning an interview saying, “I haven’t had time to really review your resume…so tell me about yourself.”Before every interview, study the person’s resume to zero in on qualifications, to decide on what questions to ask and to make efficient us of the (read full article) |
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| Category :: Management Articles |
Author :: Marcia Zidle |
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| Article Title :: Smart Staffing Practices: Don't Confuse Activity with Results |
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| Does your hiring process consist of proven practices or just a hodgepodge of activities that get into gear when someone says, “I need more people” or “Sally has left and we need someone to take her place NOW?”Smart hiring is more than running ads, screening, interviewing and checking references. It is a series of specific procedures that can work well or create bottlenecks and inefficiencies. Here are eight steps to improve your hiring success rate.Step 1: Begin With a Discussion Not a Job Description.
Find out what is really needed for today and tomorrow.
Identify the key roles and responsibilities of the position.
Understand how (read full article) |
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| Category :: Management Articles |
Author :: Marcia Zidle |
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| Article Title :: Managers' Biggest Blunders |
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| Nobody’s perfect, including the boss. Managers, we polled recently, acknowledged making a number of mistakes, from not recognizing staff accomplishments to inadequate communication to poor hiring decisions. Here is a sampling.Withholding praise was a problem cited by many:
"I didn’t give recognition to someone who turned out to be one of my best employees and soon lost her."
"I didn’t give credit when it was due to individuals who made major contributions."
"I failed to acknowledge someone who needed to be rewarded. I have regretted that for years."Letting poor performance go unchecked:
"I kept someone on who should have been let go." (read full article) |
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| Category :: Management Articles |
Author :: Marcia Zidle |
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| Article Title :: Employee Turnover: Is It Eating Up Your Profits? |
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| Keeping the cost of doing business down, yet providing a quality product or service, is one of the most critical components of success for today’s leader. What many fail to realize is that employee turnover can represent a very substantial price tag to a company's productivity and its bottom line.Turnover is costly – just how costly? Research studies have shown that the cost of replacing a professional or managerial employee runs 1.5 to 3.0 times his or her annual salary. And it can cost up to five times annual salary if you are looking at the intellectual capital – what a key person knows – when he or she walks out the door.For example, to replace a $50,000 top no (read full article) |
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| Category :: Management Articles |
Author :: Marcia Zidle |
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| Article Title :: Quality Hiring: Are You Doing It Right? |
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| Quality hiring is more than running ads, screening, interviewing and checking references. It is a series of specific procedures that can bring in top candidates or create bottlenecks and inefficiencies. Here are six ways to enhance the entire recruitment process.Select the right sourcing method.
While the typical sourcing channels include in-house recruiters, employee referral programs, executive search firms, advertising, temporary staffing agencies, campus recruiting and, of course, the internet, not all will be appropriate for filling every position. Are you trying to hire dozens of hourly wage jobs or a senior executive? Each will require different hiring me (read full article) |
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| Category :: Management Articles |
Author :: Marcia Zidle |
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| Article Title :: Employee Surveys: a Strategic Tool for Positive Change |
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| Do you want to measure your workers’ level of satisfaction? Or change policies and procedures to make them more effective? Or find out if your supervisors are stuck in out-dated ways of managing? Good Idea! But how do you make sure you are getting reliable information to make sound management decisions?When it comes to conducting quality research, a pound of prevention is worth much more than one ounce of cure. Here are five steps to turn your employee surveys into a powerful strategic change management tool.Have a Real Business Reason.
Organizations that use surveys as a strategic tool typically start out with a clear-cut objective. If they are losin (read full article) |
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| Category :: Management Articles |
Author :: Marcia Zidle |
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| Article Title :: Employee Motivation: It's More Than A Paycheck |
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| Managers often ask, usually with exasperation, “How can I keep my employees motivated? I pay them decently. What else is there?”Offering competitive salaries is certainly important. But a paycheck is what helps people get to sleep at night, not what gets them going in the morning.What keeps them committed to come in on the weekend or stay late or go that extra mile is more than money – it’s the day-to-day ‘stuff’ like respect, fairness, recognition and feeling in control of their small piece of the world. Here are 10 powerful ways to gain employee’s cooperation and commitment to the team, department or organization.Don’t play favorites. (read full article) |
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