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Internet Marketing Time Management
"Time is more valuable than money. You can get more money but you cannot get more time." - Jim Rohn Earning an income on the internet is a process that in broad terms involves three stages: 1. Getting your product (acquisition) 2. Developing...
Ten Top Performance Management Tips
Sadly, Performance Management has got itself a bad reputation. Dreaded by those on the receiving end and considered an unproductive chore by the manager, the value and benefits have been lost. But there is another way and here are Ten Tips to help....
The Benefits of Using Seminars and Small Business Management Courses to Build Your Accounting, Consulting or Tax Practice
There are many benefits of using seminars and small business management courses to help build your accounting, consulting or tax practice. The primary reason is to build a reputation within your market - capital that you can profit from on an...
Time Management and Money
I remember how intrigued I was when years ago, and long before I had heard of time management, I recognised the link between time and money - we say that we 'spend' both time and money, and also talk about 'saving' time and money. Moreover...
Workflow Management Software: Businesses are Getting into the Flow
Ah, the ebb and flow of work. Sometimes it seems like there is much more ebbing than flowing with all of the workflow, the deadlines, the projects and presentations, but overall the tide seems to constantly be flowing in and out, in and out, in and...
 
Immaterial Values in Business Management

Article Title: Immaterial Values in Business Management
Author: Stephan Szugat
Word Count: 915
Article URL: http://www.abenetis.com/encyclopedia.html
Format: 65 Characters per Line

------------------ ARTICLE START ------------------

Immaterial Values in Business Management

Maybe you have already heard that in some ways immaterial values
are important for business management. But you might not found
how to bring them into your management processes or into your
reporting packages. However, first of all we should be clear,
what immaterial values are? Well, this includes the balance sheet
information about intangible assets, but is going far behind it.

As we all know, decisions are mostly based on feelings or
emotions, than on logical judgement. A feeling is an energy.
Energy is not material, it is immaterial. The overall emotions or
motivation of employees in a business is a immaterial value, it
could have positive and negative impact on the business
development. Does sound very esoterical for you? Might be, but
today we know that our emotions drive a lot of our life.

Not only the feelings of the emplyoees have an impact on the
business development, also the feelings of potenial customers
have it. These customer feelings could be measured as customer
satisfaction, as how customers see the company or it's products
and services and so on. There is more energy, which is
immaterial, included in our business life as we are aware of.

Until today we might know about these energies or have read that
businesses have to be more aware of them. But to find Solutions
which are able to measure these energies are not very common and
hard to find. Business Management still uses hard figures such as
ratios based on financial values and just forgets that there has
been more than only the numbers from the accounting and the money
in the pocket.

If you only look to the accounting figures of a business, you
only look to this company as if you were looking at an iceberg.
You only see a fraction of the iceberg, only what is above the
surface. Everything below the surface is out of your view. While
the iceberg is melting away, it still brings up new parts of it
self. But you only see this new parts, when the iceberg is
melting. It's just the same with the accounting figures as soon
as you see them they are gone. That means they are old, it's nice
to knew them, but they relate to business already accomplished.

The accounting figures are just like to iceberg when it comes
above the surface while it is melting away. Now, wouldn't it be
great to see the whole iceberg, even if a big part is below the
surface? Yes, it would be great. The immaterial values of your
business are just below surface. If you bring them up, you could
see the whole picture of your business.

Running a business only focusing on profit could lead to running
into a collapse. It might take time, but soon customers and
employees will find out that just the profit counts to a specific
company. Well, it's correct, no business could


survive without
profit, but first of all every business has to make profit on
immaterial items, such as image, motivation of employees and
customers faith.

One day from these immaterial profits the financial profit
arises. That's the theory. Propably you already read about this,
but have you found a way to measure immaterial values of your
business? It's not that difficult, but it needs some thoughts.
First of all it is important to make a list of immaterial values
which have the most impact on the business development. When this
has been finished, methods to measure and valuate the immaterial
values have to be found.

And at last, the values for all the selected immaterial items
have to be analysed regularly. Setting up such a Reporting System
for immaterial values could be a long lasting task. You might try
to do it with a spreadsheet program or with a database, but
either way will take it's time. Using ready made Standard
Software might be another option, but there are not much choices.
In case you use the Balance Scorecard, you might think having all
the data mentioned above and you might think having a good
solution for analysation.

The Balance Scorecard has it's advantages, but for a short, fast
and regular analysis of immaterial values it is far to complex
and much to slow. There is just the need to measure, store and
analyse some data. About 30 items will be enough to have an
overview of immaterial values and some material values as well.
Most of the necessary data are usually already stored in every
business. They only need to be concentrated into one table and
have to be analysed.

Are immaterial values important for every business? Yes. This
includes big businesses as well as the one-man-business, retail
stores, mechanics, freelancer and so on. You may find more
information on immaterial values in business management, when
searching for Early-Warning-System, Early-Recognition-Sytems and
something similar. You are able to find one or the other
immaterial value included in Management Methods, Ratio Systems
and Financial Analysis. But still, most Reports and Measurement
System are based on financial data.

A Solution which every business, no matter of size, could use, is
the abenetis ERS (Early-Recognition-System). It is called Early-
Recognition-System, because with the used immaterial values every
business could be aware of tendencies in it's business
development soon. At the moment the abenetis ERS is available
only as Online-Service, but could soon be delivered as Intranet-
Version, too. More details are available at our ERS-Subscription Page.
------------------ ARTICLE END ------------------

About the Author

Stephan Szugat is founder of abenetis a web-based service about Business Management Solutions focusing on the core needs of business management. He has approx. 15 years experience in the Finance and Accounting Area from companies of different size and from various industries. http://www.abenetis.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
The phrase "management is what managers do" occurs widely, suggesting the difficulty of ... The management of a large organisation may have three levels: ...
en.wikipedia.org
 
Free Management Library
Quality Management · Research Methods · Risk Management · Sales · Social Entrepreneurship · Staffing · Starting an Organization · Strategic Planning ...
www.managementhelp.org
 
Welcome to the American Management Association
Helping business professionals learn practical management skills and the best practices of world class organization.
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itmanagement.earthweb.com
 
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.
www.shrm.org
 
FEMA | Federal Emergency Management Agency
Agency of the US government tasked with Disaster Mitigation, Preparedness, Response & Recovery planning.
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Account Manager. Recruiter: Financial Times. Part Qualified Management Accountant. Recruiter: Robert Half Finance & Accounting ...
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Small Business Management: Advice and Guides
Online guide to small business management. Find articles, advice and how-to guides.
www.entrepreneur.com
 
Academy of Management Online
Academy of Management: This is the official web site of the Academy of Management, with information on membership, journals, list servers, web sites, ...
www.aomonline.org
 
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Provides business management articles, webcasts, online learning, and books as well as conferences focused on leadership and decision making.
www.bettermanagement.com
 
Object Management Group
Distributed object computing industry standards group founded in 1989. Defined standards include CORBA and IIOP.
www.omg.org
 
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. ...
www.economist.com
 
Emerald: Home
Publisher of journals in management and library and information services, engineering, applied science and technology.
www.emeraldinsight.com
 
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 ...
mba.yale.edu
 
US Office of Personnel Management
Official Federal Government site listing positions nationwide for special agent, federal police officers and related jobs.
www.usajobs.opm.gov
 
Waste Management
Waste Management is the #1 Residential and Commercial Trash Service Provider.
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US Office of Personnel Management
Includes federal jobs listings, upcoming events, numerous humans resources reports, news releases and additional official information.
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