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Asset Management 101
Asset management is the method that a company uses to track fixed assets. It is the process of controlling assets throughout their lifecycle - from procurement, through daily operations, and finally disposal. Factory equipment, desks,...

Milk Another Hour or Two Out of Your Day - Time Management
Time management seems to be an issue in almost everyone's lives as there never seems to be enough time in the day to complete all of the day to day tasks. Whether you are a stay at home parent, a work at home parent or you work outside of the home,...

Real Estate Property Management Software
What is real estate management software? If you own three or more real estate properties, managing them takes a lot of time. To make it easier for yourself you can either hire a person to manage your real estate or get one of the real estate...

Time Management For Home Business Owners
As each day passes, and more and more things need to get done with your business, you may find yourself alittle overwhelmed with how much is left to be done. This is nothing new, and a problem that almost every home business owner encounters. There...

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Time management and organisation is so important in life and when it comes to working at home it is doubly important. As a matter of fact Time management, oganistaion, schedules are all prominent in any successful organisation. Time is...

 
Do You Make These Ten Management Mistakes?


As a busy executive, you face some extremely difficult challenges like creating and dominating new markets or finding and keeping the best people. But then, like many executives, do you find yourself spending too much time solving everyday problems (that only you can solve, right?), which prevent you from growing your ideal business?

Most managers find themselves spending 80% or more of their time “reacting” to business events and very little time in preventing those same events from occurring again. If this sounds familiar then you may be making some of these management mistakes:


  1. Do you have a compelling vision for your company, that projects a remarkable future, but few of your employees have heard of it or could explain it if asked?

  2. Do you have a company mission that addresses your customer needs yet your operations fail to measure your progress towards your mission?

  3. Do your objectives focus on increasing revenue and profitability while your assets are performing poorly, generating negative cash flows, or encumbered by debt to create the profit?

  4. Do you talk a lot about your employees (positive or negative) without noting what your employee turnover or performance metrics are for your industry?

  5. Do you spend a lot of time working IN your business on tactics yet fail to spend a greater amount of time working ON your business to define your strategy, performance metrics, and real resource needs?

  6. Do you have regular interactions with employees yet fail to communicate the status of objectives, financials, or metrics?

  7. Do you make money available for training yet fail to measure how that training helps your company achieve its goals?

  8. Do you constantly strive to improve your company’s performance yet fail to compare your performance against external benchmarks for success?

  9. Do you believe that your customers, employees, and vendors all love your company yet you have no process for measuring their satisfaction on an on-going basis?

  10. Do you produce forecasts and budgets yet


    fail to achieve the agreed upon goals or learn from the experience to improve in the future.

  11. Daily operational issues eat up much of a manager’s time. Too much for most managers. But by reversing this trend, you will have the opportunity to correct those mistakes and build a superior organization that keeps your best people, increases revenue and increases margins.


Start by examining how to remove yourself from your business. Look at automating or outsourcing tasks you perform now. Any task that falls within the tactical operation of your business should be transferred to another person.

If automating or outsourcing is not an option then move the responsibility down the organization and train your employees to take over those tasks. Most employees are quite capable once they have been properly trained and given enough time to become proficient.

Continuous improvement beats delayed perfection.

The business is not about the founder, executive or management that has more experience, thinks they are the smartest or can do the best job. A business is about all of the people. In fact a business is the people.

Management’s job is strategic. Manager’s must focus on the vision, mission and objectives of the organization. Then deploy the resources to see the work gets done. Then measure, monitor and communicate the results so that everyone has the information they need to improve their performance.

Management job is to do the strategic work and not to do the tactical work or else who is doing the managers job? The workers cannot.

Chris Anderson is founder and CEO of Bizmanualz, Inc. Since 1995, www.Bizmanualz.com has specialized in empowering organizations to continuously improve compliance, control and customer satisfaction using effective and well-defined management processes. Management Systems help is available via consulting, training and prewritten policies and procedures for a wide variety of industries.


chris@bizmanualz.com


 

About Management - business management - people management - and more
THE starting place for exploring MANAGEMENT; helping new managers get started and experienced managers get better.
management.about.com
 
Management - Wikipedia, the free encyclopedia
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Management
International review on management research. Peer-reviewed, occasional. Ejournal, with tables of content, abstracts and full articles available on-line.
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Society for Human Resource Management
Advances the human resource profession to ensure that HR is recognized as an essential partner in developing and executing organizational strategy.
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FEMA | Federal Emergency Management Agency
Agency of the US government tasked with Disaster Mitigation, Preparedness, Response & Recovery planning.
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Online guide to small business management. Find articles, advice and how-to guides.
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Object Management Group
Distributed object computing industry standards group founded in 1989. Defined standards include CORBA and IIOP.
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Management Reading | Global Executive | Business | Economist.com
The one management thinker every educated person should read Nov 17th 2005 ... The story of Emerson's successful management process is fascinating. ...
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Emerald: Home
Publisher of journals in management and library and information services, engineering, applied science and technology.
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Yale School of Management
The mission of the Yale School of Management is to educate global leaders for business and society. We pride ourselves in providing a hard-edged business ...
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US Office of Personnel Management
Official Federal Government site listing positions nationwide for special agent, federal police officers and related jobs.
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Waste Management
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