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Innovation Management – Selecting Good Ideas
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. There are distinct processes that enhance problem identification and idea generation and,...
It’s Your Ship - A Book Summary
This article is based on the following book: It’s Your Ship "Management Techniques from the Best Damn Ship in the Navy" By Captain D. Michael Abrashoff Published by Warner Books, 2002 ISBN 0-446-52911-7 224 pages A challenge for every organization...
Know Thyself: MBTI and DiSC
In my practice as an executive coach and consultant, I use both the MBTI® and the DiSC®. I am often asked, "Which one is better?"
The question reveals a common misunderstanding about psychological instruments. The fact is, there is no such thing...
New Leadership For A New War
PERMISSION TO REPUBLISH: This article may be republished in newsletters and on web sites provided attribution is provided to the author, and it appears with the included copyright, resource box and live web site link. Email notice of intent to...
WARNING. Easy Journey Ahead
I am on my way to the quarterly status update with my Sales Manager. The last quarter has been terribly bad. We reached nowhere near the Sales target. Naturally, I am moving ahead with a great resistance and a palpitation rate of the highest order....
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Strategic and operational Controlling - Early Recognition of Crisis
Assistance in good and in bad times - some enterprises
are in a crisis without knowing it. Often it is only noted that
something must happen, when customers move away, loans are
cancelled, suppliers threaten the business with stop of delivery
and when more and more pressure is put on the business. (You find
a detailed article about signs of a crisis under
http://www.abenetis.com/encyclopedia-article-18.html)
It doesn't have to come that far. To recognize the development of
business crises early, it requires a suitable Controlling. Controlling
has to make business finances, processes, costs and dependences
clear and contributes thereby to a higher economic viability. A
sensibly action, that smaller and medium sized businesses rarely
taken. Result: They often react a lot too late to market influences and
crises.
As a basis for the Controlling principally serves the accounting of a
business. Nevertheless, this has to the result that the Controlling
concentrates its work on data from the past. That's why it is
necessary to extend the operational Controlling with strategic
analyses.
However, also the operational Controlling is able to use data from
different areas of a company, which allow to recognize weak spots
in business development early. It has to be paid attention to the fact,
that data from other company areas have their date of origin before
the accounting data. An example for this is Orders in Process. This
is not grasped in the accounting. The accounting receives information
about an order only when it has been already issued an invoice.
Therefore Orders in Process is suitable as an early indicator for the
Controlling.
Also other data can offer explanation about the business
development. Thus the number of customer contacts, new customers
or complaints (within a certain period) is an alternative to find out how
the products and services of the business are accepted in the market.
Strategic and operational Controlling differ in their attempts,
nevertheless, they are a supplement too each other. Requirement for
a good operational Controlling is a strategic Controlling which focus
on circumstances like working processes, product innovations due to
changed customer needs, personnel development as well as to
acquisition of customers and the search for new sources of supply.
The regular analysis of strengths and weaknesses of the business
belongs to the tasks of the strategic Controlling, too.
However, the operational Controlling concentrates on the day-to-day
business and on the most important information about the business
development. It has to be paid attention to the fact, that only that
much information are collected and are evaluated as really necessary
to management a business. This is usually a weak spot of controlling
systems in small and medium sized businesses. Often too less or too
many data are collected and are evaluated without paying attention to
the importance for the business management.
It is possible to manage a business on the basis of up to 30 ratio
values, which are calculated weekly. Continuing analyses can be
done when it is necessary. This saves a lot of time, especially in
small and medium sized businesses in which rarely a Controlling
department exists.
To prepare strategic evaluations, needs no big effort or extensive
methodical knowledge to reach high expressiveness. At regular
intervals prepared strategic analyses give clues for the development
of the enterprise and assists to recognize strengths and weaknesses.
It is important that the analysis is just the first step, from the analysis
measures have to be developed whose implementation has to be
observed.
Controlling is important for all enterprises, in good as in difficult times.
Good Controlling can preserve an enterprise from suffering damage
and in difficult times it helps to find and maintain the right way. A
Controlling system that consists of strategic and operational analyses
is a useful guidance system. Furthermore the information from these
analyses can be used for the preparation and realization of
consultant assignments. Thus with insecurity about the actual
position of the own enterprise or about the further approaches, an
expert can be consulted without the need to carry out basic analyses
once again. This leads to higher efficiency and saves the liquidity of
the enterprise.
From the above the assumption arises, that a combination of
strategic and operational Controlling and occasional short-term
consultant assignments will be the optimum to protect the existence
of a business.
About the Author
Stephan Szugat is owner of abenetis, which is based near Munich, Germany. abenetis offers web-based business analysing and management tools for strategic and operational Controlling of small and medium sized businesses as well as knowledge and consultancy in the area of business management. http://www.abenetis.com
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| DTI - Welcome to the DTI's Innovation Home Page |
| The DTI is working to stimulate a significant increase in innovation throughout ... It covers Living Innovation, web streaming of a series of high profile ... |
| www.dti.gov.uk |
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| Innovation - Wikipedia, the free encyclopedia |
| An innovation in this light occurs whether or not the act of innovating ... A convenient definition of innovation from an organizational perspective is ... |
| en.wikipedia.org |
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| National Innovation Website |
| The Department of Industry, Tourism and Resources has developed this website to raise awareness of the importance and benefits of innovation and ... |
| www.innovation.gov.au |
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| Innovation, creativity and brainstorming resources from ... |
| A comprehensive site designed to provide busy entrepreneurs with a focused collection of the best resources on innovation, creativity, and brainstorming. |
| www.innovationtools.com |
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| Innovation Weblog - Trends, resources, viewpoints from Chuck Frey ... |
| The Innovation Weblog - Valuable trends, resources and viewpoints in innovation, creativity and brainstorming from Chuck Frey at InnovationTools. |
| www.innovationtools.com |
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| CORDIS: Innovation Portal: Home |
| This Innovation Portal is supported by DG ENTR of the European Commission, ... European Commission adopts new Communication on Innovation: on 13 September ... |
| cordis.europa.eu |
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| CORDIS: Promotion of Innovation: Home |
| This programme stands at the cross-roads of the Community's policies on Research, Innovation and SMEs. |
| cordis.europa.eu |
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| Innovation Network... leveraging innovation, creativity and ... |
| The Innovation Network is an association of companies and employees committed to innovation. The site features some interesting articles as well as some fun ... |
| www.thinksmart.com |
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| Business Innovation : Car Reviews, Online Gaming, and Product Branding |
| If your in need of great Online Gaming material, we carry up to the minute news and reviews for all of your favorite games and gaming systems. |
| www.businessweek.com |
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| Innovation - Life, Inspired | PBS |
| Learn about fascinating innovations, explore interactive features, submit questions to our experts, investigate resources and lesson plans, and more. |
| www.pbs.org |
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| Innovation.org - Welcome |
| Impact of Innovation Saving & Improving Lives Controlling Healthcare Costs Strengthening ... Future of Innovation New Medicines in Development Next Wave of ... |
| www.innovation.org |
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| Innovation: See what people are saying right now on Technorati |
| See all blog posts tagged with innovation on Technorati. |
| www.technorati.com |
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| Innovation Relay Centres - The World Largest Network for ... |
| Innovation Relay Centres giving advice on Innovation, Technology Transfer and Exploitation. Major European source for innovative technologies or new ... |
| irc.cordis.lu |
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| The Tech Museum of Innovation | Welcome |
| The Tech Museum of Innovation - Welcome! The Tech Museum inspires and educates the innovators of the future. |
| www.thetech.org |
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| Pages tagged with "innovation" on del.icio.us |
| CoDev 2007 - Co-Development for Business Growth: Open Innovation and Alternatives ... PDMA & IIR's 5th Annual Front End of Innovation ... |
| del.icio.us |
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| innovation |
| Publication highlighting the research activities of NUS. The site provides snippets of selected articles online, and provides a subscription form online. |
| www.innovationmagazine.com |
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| Canadian Innovation Centre |
| Services includes invention evaluation, technology due diligence, market research, and education programs. |
| www.innovationcentre.ca |
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| London INNOVATION :: Home |
| Maximise your business potential through innovation. Learn the secrets of successful business innovation in London. |
| www.london-innovation.org.uk |
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| Eric Von Hippel's Homepage |
| Downloadable Books. Democratizing Innovation (2005) ... The Sources of Innovation (1988). Free download of the complete book. Permission granted by Oxford ... |
| web.mit.edu |
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| Intel Innovation in Education |
| www.intel.com/education/ - 3k - Cached - Similar pages |
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