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Will You Add? - Power of Pinpointing Accountability
Brandwidth 2005- The Year In Review o be neat and organized? Most owners and managers certainly have. Well, how about this question: Have you ever returned to inspect the manager's progress and been disappointed in what you observed?I shop therefore I am? As Ireland's largest shopping centre opened in Dundrum and consumer spending rocketed across the country, 2005 was a year in which our love affair with brands showed little signs of abating.Whilst H&M, House of Fraser, Harvey Nichols and Starbucks arrived to great fanfare, proving in the early months at least that absence does make the purse and wallet grow fonder, there was little to suggest that our familiarity with traditional home-grown retailers was breeding anything other than a continued willingness to spend, spend, spend (along with contempt fo The reason many times is because the owner’s or manager’s idea of C-L-E-A-N is substantially different from that of the subornate. Try this: Prepare an inspection checklist. Describe clearly what your definition of clean is so that the person you’re holding accountable will know in no uncertain terms what is expected of him or her. So often managers are guilty of saying to a subordinate manager: “I want you to reduce expenses out here.” But they never suggest how much or expressing the request in measurable terms. I suggest to my clients that they hold their managers accountable for controlling operat The Art of Successful Branding I have always said that if I were to write a book on effective management principles, the first chapter in that book would be about the importance of pinpointing responsibility among an owner’s or a general manager’s reporting units. After all, one of the most popular definitions of management is getting work done through others.Branding: it’s a term that carries great weight in the world of advertising. Successful branding is best illustrated by the world’s most prominent corporations, but it’s no less important to the small business owner. Your Brand is your identity; it’s every single puzzle piece, fitted into the big picture of your company. From your name and logo to your business philosophy and corporate mission; from your advertising campaign message to your design elements; from your products and services; all that is owned, produced, stated, sold and marketed by your company falls under the broad heading of your Bran #1 Management Pitfall: An unwillingness to delegate. Many times the owner or general manager is the most knowledgeable and the most capable person in the company; he or she can perform many tasks better than anyone else. The problem arises when managers decide that they are the only people in an organization who can really perform a task “right.” While this may be true, when managers feel a strong need to be in total control by personally taking charge of the company’s most critical tasks, they have made a very personally limiting decision. Why? Because any single person has just so many hours in a day. So managers who are poor at delegating are limited by their own personal mental and physical stamina. A manager friend of mine recently told me a great story that I believe illustrates this point extremely well. This particular owner had founded his business almost 40 years ago and had designed the company’s first product catalog about 25 years ago. The catalog was highly successful, so he continued to hold on tightly to this task himself. No one else in the organization was as capable at selecting products for the catalog or laying out the product selection. As the business grew, however, the owner became busier and busier with involvement in other critical management functions: Banking relations, negotiating insurance programs, strategic planning, estate planning, acquiring new locations, etc. So the most current catalog was neglected and pretty soon began to look outdated. A key employee who had worked with the owner in implementing previous catalogues came to him and offered to assume responsibility for the project. However, the owner continued to sincerely believe that only he could do this job and do it “right.” But nothing happened. Realizing that she was taking a risk, the subordinate took it upon herself to take a stab at laying out the catalog. Conscientiously working at home, she burned the midnight oil so the project didn’t interfere with her normal duties at work. Finally the project was finished and she presented the rough layout to her boss. “Wow,” he exclaimed. “What a great job!” The owner finally realized that while the catalog she had designed was not laid out as artfully as perhaps he could have done it himself, the project had gotten done. What duties and tasks are you holding onto because you perform them better than anyone else? Are you assigning responsibilities to your people and holding them accountable for measurable results? So ask yourself: Is the success of your business limited by your own personal physical and mental stamina? There’s just so much that any one person -- no matter how talented -- can do and do well. #2 Management Mistake: Failure to hold your people accountable for measurable results. Have you ever told a manager that the next time you walk into the area of the business he or she is responsible for that you want that area to be neat and organized? Most owners and managers certainly have. Well, how about this question: Have you ever returned to inspect the manager's progress and been disappointed in what you observed? The reason many times is because the owner’s or manager’s idea of C-L-E-A-N is substantially different from that of the subornate. Try this: Prepare an inspection checklist. Describe clearly what your definition of clean is so that the person you’re holding accountable will know in no uncertain terms what is expected of him or her. So often managers are guilty of saying to a subordinate manager: “I want you to reduce expenses out here.” But they never suggest how much or expressing the request in measurable terms. I suggest to my clients that they hold their managers accountable for controlling operati What Your Electronics Manufacturing Service Provider Needs from You cal tasks, they have made a very personally limiting decision. Why? Because any single person has just so many hours in a day. So managers who are poor at delegating are limited by their own personal mental and physical stamina.Contract electronics manufacturing service or EMS providers typically work with customers in a wide range of industries with differing requirements for inventory control, testing, product packaging, and product support. In some applications, the EMS provider simply assembles the printed circuit boards and then ships the boards to the customer. In other applications, the EMS provider will assemble the printed circuit board, load firmware/software into memory, test the board, and then assemble the board and associated cables, enclosures, and documentation into a finished product that is shipped to the c A manager friend of mine recently told me a great story that I believe illustrates this point extremely well. This particular owner had founded his business almost 40 years ago and had designed the company’s first product catalog about 25 years ago. The catalog was highly successful, so he continued to hold on tightly to this task himself. No one else in the organization was as capable at selecting products for the catalog or laying out the product selection. As the business grew, however, the owner became busier and busier with involvement in other critical management functions: Banking relations, negotiating insurance programs, strategic planning, estate planning, acquiring new locations, etc. So the most current catalog was neglected and pretty soon began to look outdated. A key employee who had worked with the owner in implementing previous catalogues came to him and offered to assume responsibility for the project. However, the owner continued to sincerely believe that only he could do this job and do it “right.” But nothing happened. Realizing that she was taking a risk, the subordinate took it upon herself to take a stab at laying out the catalog. Conscientiously working at home, she burned the midnight oil so the project didn’t interfere with her normal duties at work. Finally the project was finished and she presented the rough layout to her boss. “Wow,” he exclaimed. “What a great job!” The owner finally realized that while the catalog she had designed was not laid out as artfully as perhaps he could have done it himself, the project had gotten done. What duties and tasks are you holding onto because you perform them better than anyone else? Are you assigning responsibilities to your people and holding them accountable for measurable results? So ask yourself: Is the success of your business limited by your own personal physical and mental stamina? There’s just so much that any one person -- no matter how talented -- can do and do well. #2 Management Mistake: Failure to hold your people accountable for measurable results. Have you ever told a manager that the next time you walk into the area of the business he or she is responsible for that you want that area to be neat and organized? Most owners and managers certainly have. Well, how about this question: Have you ever returned to inspect the manager's progress and been disappointed in what you observed? The reason many times is because the owner’s or manager’s idea of C-L-E-A-N is substantially different from that of the subornate. Try this: Prepare an inspection checklist. Describe clearly what your definition of clean is so that the person you’re holding accountable will know in no uncertain terms what is expected of him or her. So often managers are guilty of saying to a subordinate manager: “I want you to reduce expenses out here.” But they never suggest how much or expressing the request in measurable terms. I suggest to my clients that they hold their managers accountable for controlling operat 5 Things Every New Caterer Should Know king relations, negotiating insurance programs, strategic planning, estate planning, acquiring new locations, etc. So the most current catalog was neglected and pretty soon began to look outdated.It has been over twenty five years since I started a small catering company that specialized in International Tapas, tiny silver trays of finger foods to delight the eyes and satisfied the stomach. These little morels were tasty, light and filling. At the time I did not know the little delicacies I placed on the buffet would give way to a very traditional way to dine. I just thought my customers should be exposed to something a little more exciting than Wing-Dings and Swedish Meatballs. I really wanted to move away from serving full means and introduce my customers to a variety of food from all over A key employee who had worked with the owner in implementing previous catalogues came to him and offered to assume responsibility for the project. However, the owner continued to sincerely believe that only he could do this job and do it “right.” But nothing happened. Realizing that she was taking a risk, the subordinate took it upon herself to take a stab at laying out the catalog. Conscientiously working at home, she burned the midnight oil so the project didn’t interfere with her normal duties at work. Finally the project was finished and she presented the rough layout to her boss. “Wow,” he exclaimed. “What a great job!” The owner finally realized that while the catalog she had designed was not laid out as artfully as perhaps he could have done it himself, the project had gotten done. What duties and tasks are you holding onto because you perform them better than anyone else? Are you assigning responsibilities to your people and holding them accountable for measurable results? So ask yourself: Is the success of your business limited by your own personal physical and mental stamina? There’s just so much that any one person -- no matter how talented -- can do and do well. #2 Management Mistake: Failure to hold your people accountable for measurable results. Have you ever told a manager that the next time you walk into the area of the business he or she is responsible for that you want that area to be neat and organized? Most owners and managers certainly have. Well, how about this question: Have you ever returned to inspect the manager's progress and been disappointed in what you observed? The reason many times is because the owner’s or manager’s idea of C-L-E-A-N is substantially different from that of the subornate. Try this: Prepare an inspection checklist. Describe clearly what your definition of clean is so that the person you’re holding accountable will know in no uncertain terms what is expected of him or her. So often managers are guilty of saying to a subordinate manager: “I want you to reduce expenses out here.” But they never suggest how much or expressing the request in measurable terms. I suggest to my clients that they hold their managers accountable for controlling operat Creativity & Entrepreneurship - Key Questions From My Students t a great job!”Hello Creative Entrepreneurs!Thought for the day:"It is not easy being an entrepreneur, but it is always rewarding. It takes great discipline, self-motivation, hard work and perseverance to achieve your dream. Never, ever give up! Live, love and fight for YOUR passion!" JJKIn my seminars and teleseminars I aways encourage my students to ask their most pressing questions. Not only do I love to help them by sharing my knowledge and insights, but I have discovered another secret. The student's questions are really a barometer of what is most important and currently on the minds of to The owner finally realized that while the catalog she had designed was not laid out as artfully as perhaps he could have done it himself, the project had gotten done. What duties and tasks are you holding onto because you perform them better than anyone else? Are you assigning responsibilities to your people and holding them accountable for measurable results? So ask yourself: Is the success of your business limited by your own personal physical and mental stamina? There’s just so much that any one person -- no matter how talented -- can do and do well. #2 Management Mistake: Failure to hold your people accountable for measurable results. Have you ever told a manager that the next time you walk into the area of the business he or she is responsible for that you want that area to be neat and organized? Most owners and managers certainly have. Well, how about this question: Have you ever returned to inspect the manager's progress and been disappointed in what you observed? The reason many times is because the owner’s or manager’s idea of C-L-E-A-N is substantially different from that of the subornate. Try this: Prepare an inspection checklist. Describe clearly what your definition of clean is so that the person you’re holding accountable will know in no uncertain terms what is expected of him or her. So often managers are guilty of saying to a subordinate manager: “I want you to reduce expenses out here.” But they never suggest how much or expressing the request in measurable terms. I suggest to my clients that they hold their managers accountable for controlling operat Turning Passion into Practice o be neat and organized? Most owners and managers certainly have. Well, how about this question: Have you ever returned to inspect the manager's progress and been disappointed in what you observed?How do you turn what you love into something that is profitable? It is not an easy task and there are some questions you should ask yourself before delving into something you “think” would be a perfect business for you.Often, when people think they have a passion or desire to be doing something else, they fail to ask themselves if they have what it takes to make it on their own. It is easy to collect a weekly paycheck, but working for the income you desire means sweat, tears, and even more tears. It also means sometimes missing a few bills because you could not drum up the business you neede The reason many times is because the owner’s or manager’s idea of C-L-E-A-N is substantially different from that of the subornate. Try this: Prepare an inspection checklist. Describe clearly what your definition of clean is so that the person you’re holding accountable will know in no uncertain terms what is expected of him or her. So often managers are guilty of saying to a subordinate manager: “I want you to reduce expenses out here.” But they never suggest how much or expressing the request in measurable terms. I suggest to my clients that they hold their managers accountable for controlling operating expenses to a specified percentage of sales and pay the manager on his ability to meet this goal. Management mistake #3: Failure to establish minimum conditions of employment. In other words, make sure all employees understand in measurable terms what they have to do -- at a minimum -- to keep their job. Examples: How many new customers and how much sales volume must a salesperson attract to the business in a given period of time? What inventory turnover must the buyer achieve at a minimum? What collection days must the credit manager achieve at a minimum? How much net margin must the general manager achieve at a minimum?
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