Posted by: arlene on Sunday, 10th Aug, 2008
Here are two, of the infinite number of possible answers:
“I think it is very important to be persistent, particularly if you really believe in your ideas. We really encourage that kind of candor here. With my team, if I have a suggestion that others disagree with, I know they will expect me to keep supporting my idea until somebody comes up with a better one. In fact, it happens all the time.” ..more
Posted by: arlene on Monday, 4th Aug, 2008
To help him prepare, ask him to write down answers to these three questions before each meeting:
A. What actions have you taken? These should be the details of his performance over the last three months. He should include scores, rankings, ratings, and timelines, if available
B.What discoveries have you made? These discoveries might be in the form of training classes he attended, ..more
Posted by: arlene on Thursday, 24th Jul, 2008
Shyness affects just about everyone under certain situations. While most people cope reasonably well with occasional shyness, there are some who live in a personal prison, unable to reach out and make friends or relate positively to others. Being shy at work can severely limit work effectiveness, unless of course, you work generally on your own with little or no contact with others.
Shy people present themselves at work in many varied ways. There is the quiet wallflower who fades into the background and is not often noticed. At the opposite extreme, there is the raging extrovert who can be loud, aggressive and abrasive, but who finds it difficult to relate on an intimate level to others. In between, there are many other people, such as the knocker, the person who knocks or degrades others. ..more
Posted by: arlene on Tuesday, 20th May, 2008
Now that we have examined some of the negatives of expansion from a very small business to a medium-sized small business, let’s give equal time to the potential benefits.
One of the most important components of gross profit is the degree to which you’re able to set your selling price. Your ability to set that price is largely a function of your control of the marketplace. At one extreme, you may have a patented product for which there is no substitute, and for which there is totally elastic demand (people will buy it at any cost). If that item costs you a dollar, you may be able to sell it for ten dollars, one hundred dollars, even one thousand dollars. At the other end of the spectrum, you may be selling wheat in Nebraska. In that case, it’s unlikely that you’ll be able to command one-tenth of one cent over the market price on the day you sell. ..more
Posted by: arlene on Monday, 14th Apr, 2008
Being primed and ready for the unexpected has always been a valuable talent. In today’s turbulent business environment, where mergers, acquisitions and reorganizations are changing the face of American business, managers need that adaptability more than ever. What are the skills that allow good managers to respond readily to change? There are five principal ones:
1. Problem-solving ability. Because we’re a global economy dominated by multinational companies, problems are appearing much more quickly and they are more severe than they were before. There is a lot of ambiguity and there are many paradoxes. Along with polished business smarts, you must also be problem-smart. Your antennae must detect problems early and be sensitive to potential difficulties before anyone else’s. Your intuitive powers must be razor-sharp so you can detect a problem’s early warning signals. Once found, you can determine the appropriate solution. ..more
Posted by: eric on Tuesday, 19th Feb, 2008
The income statement is the one we all tend to focus our attention on because it provides the proverbial “bottom line”— the company’s profit or loss. It’s usually done on a quarterly basis.
As you look at the basic income statement you’ll notice that it seems a lot like the cash flow statement. You start with your revenues less commissions. From that, you subtract direct labor (drafters and architects, for instance, for an architectural firm) and materials.
The result is a subtotal that gives you your gross profit or loss. (The percentage of gross profit to revenues can be a very useful number. It’s your gross margin and can help you compare yourself with others in your industry—it tells you immediately whether your labor or other costs are way out of line.) ..more
