 Category :: Management Articles |
Author :: Hans Bool  |
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| Article Title :: A Compass - You Cannot Do Without One If You Want To Manage Your Business! |
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| Time is money. Everybody knows this. Also in business. When you initiate a new project you are not yet certain about the money involved or about the scope of the functionality. One element however is set from the start: The end date.“This project will be delivered on the first of April.” “The new product will be on the market the fifth of December.” “We want this as soon as possible (ASAP).” “Just in Time (JIT).”But an even more important question is: “where are we going to?”It is obvious that this question is more important, but nearly never posed at first, but most of the time when the fuel tank has been filled, ready to start the vehicle. (read full article) |
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| Category :: Management Articles |
Author :: Michael Russell |
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| Article Title :: Risk Management - Managing Milestones |
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| Part of planning for risk involves allocating each identified risk to a project milestone. Very often a milestone is attached to a payment, so a risk can also have an accurate value attached to it. By its nature, each risk will impact, if at all, at a certain time. For example, Milestone 1 is "Delivery of Software X, Issue A to the Customer".If this risk impacts, we will not receive the Milestone 1 payment from the Customer. This payment has been planned to cover costs of staffing, materials, sub-contractor payments and a variety of other project expenses including finance charges up to this point. The cost of this risk, or any other associated with this Milestone, impacting i (read full article) |
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| Category :: Management Articles |
Author :: Larry Galler |
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| Article Title :: Are Expectations and Boundaries Clearly In Place? |
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| Watching young children at play is, of course, entertaining. For the businessperson, watching young children at play can also be educational. Sometimes kids run amok; they can be aggressive, destructive, and unmanageable yet n other situations they are orderly, polite, and delightful. I don’t think the difference has anything to do with the way the planets are aligned. I think the difference is that, in the latter instance, parents and educators have established expectations and boundaries, they have communicated them clearly, and follow up to insure those expectations and boundaries are met. When youngsters know what is expected of them, what they may or may not do, most rise to t (read full article) |
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| Category :: Management Articles |
Author :: Don Doman |
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| Article Title :: You Can't Quit; You're Too Valuable |
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| I really enjoyed the feature film Last Holiday starring Queen Latifah. In the movie the character Georgia Byrd, played by Queen Latifah, finds out that she only has a short time to live. She changes her outlook on life and becomes determined to enjoy every moment she has left.One of the first things she does is quit her retail job. She stops in at her manager’s office and knocks, but the manager is too busy listening to a greedy self-help tape (Hip and Rich). When Georgia enters his office, the manager growls at her for not knocking. He recently barked at her for offering food samples in her popular cookware section. As Georgia tries to talk to him, he takes a call on his (read full article) |
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| Category :: Management Articles |
Author :: Hans Bool |
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| Article Title :: The Pareto-Principle and ... Benchmarking |
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| The pareto-principle or the 80/20-rule was born after observations of Mr Pareto that many things in life were unequally distributed.A famous example was “that 20 percent of the people owned 80 percent of the wealth.”This rule is very powerful because you can use it in many areas. One example is when dealing with projects; you know that 80 percent of the work is caused by the (last) details (20 percent). So in project management it is common practice to uncover risks as soon as possible. The thought behind this is that if you can solve the greatest risks you can solve everything.Also the argument in favor of standardization is that 20 percent of the details or exce (read full article) |
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| Category :: Management Articles |
Author :: Tom Varjan |
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| Article Title :: Growing Your Professional Service Firm For Show or Dough? |
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| Or are you building it for size or profit?Imagine a weasel. Imagine that little demon of destruction, that insensate courage, tireless activity and incredible agility. Multiply this might some fifty times and you have a wolverine. Do you know that this little animal (some 45 lbs) can make the mighty grizzly bear (some 1,000 lbs) run for his life hysterically crying for his mother?And this is where the wolverine story ends and our story begins. But to demonstrate how this relates to the growth of professional service firms, for a moment we’re going to talk about how weight training builds muscle in humans because there is a dangerously high number of professional firms grow (read full article) |
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| Category :: Management Articles |
Author :: Glory Borgeson |
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| Article Title :: Manage Your Employees' Strengths: A Lesson From Tennis |
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| In grammar school, about the only subject I dreaded
was gym. I went to school in the days when all little
girls wore dresses. For gym class, we slipped on some
shorts and changed our shoes to the PF Flyers we kept
in a cubby-hole. Then it was off to the gym for some
dreaded activity: Dodge ball, chin-ups, or that awful
rope I could never quite climb. "Is this all there is
to sports?" I wondered. Finally, during a dodge ball
game in 4th grade, I figured out that the sooner I
got hit, the sooner I could get out of that war zone
called a game.By the end of grammar school, I thought I was just not
an athlete. Junior high wasn't much better. Besides the
u (read full article) |
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| Category :: Management Articles |
Author :: Hans Bool |
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| Article Title :: (Internal) Solutions and (External) Results |
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| Some companies have a set of keywords they focus on when organizing activities. CLIENT, could be such a keyword, meaning to always focus on the client. RESULT and SOLUTION are two other examples. They seem clear, but carry a lot of difficulties with them.Result is meant to be tangible and measurable. A project that is finished on time meets that criterion.
A solution is like an answer to a question; It is an answer to a problem or set of problems.
What problems are there? Lets have a look at a few:
There is a (relative) decline in the demand for products
Management information is not sufficient. It is not clear what the effect of a marketing campaign is
(read full article) |
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| Category :: Management Articles |
Author :: Megan Tough |
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| Article Title :: Creating A Vision and Mission |
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| Business Essentials – Vision & MissionFor any business to succeed, it must know what it is about. It must be able to clearly describe why it is there, and what it is there to achieve. Developing a vision and mission statement is a way of articulating these ideas to yourself, your customers, your employees, and to the world at large.A Business Vision that Inspires!
If you don’t know where you are heading, then you can make any choice and go in any direction (including backwards). The value in knowing your final destination (your vision) is that you can choose to take the specific paths that lead you there. Your action is intentional and keeps y (read full article) |
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| Category :: Management Articles |
Author :: Reggie Andersen |
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| Article Title :: Background Check Resources |
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| Whether you're hiring a CEO, a subcontractor, a babysitter, or even looking for a new tenant or roommate, you're taking a big risk. It's the nature of business unfortunately for people to go to great lengths to misrepresent themselves and thus create the need for background check resources and references.Avoid doing business with deceptive people with these 5 key factors in mind:1. Prepare comprehensive histories from vague or misleading responses
2. Filter fact from fiction and deal with dishonest interviewees
3. Deal with legal issues including which questions you can and cannot ask
4. Make a confident, well-researched hiring decision
5. Use waive (read full article) |
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