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Analyzing an Investment Property
The real estate market is huge in the United States right now.
Almost anywhere you go, you will hear about the appreciation in
investment properties and the great equity owners have built in
their real estate investments. Make no mistake, a...
How Venture Leasing Added Millions To A Startup’s Equity Value
Craig Berman beamed noticeably after completing his board presentation. Berman, CEO of a startup that develops nanotechnology applications for the defense industry, had just closed a $ 20 million equity round. Berman finalized the round at an equity...
Preparing Your Home for Sale: Make Needed Repairs
Before a buyer considers your home seriously, it must meet his
needs in a variety of ways. It must be a suitable commuting
distance, neighborhood, design style, floorplan, size, number of
bedrooms, etc. If all or most of these needs are met, the...
Questions to ask yourself to prevent costly errors on your printing jobs
I remember having to write about an article on how your graphic designer can cost you money. Sure, your graphic designer can have all the blame when you find out later that your material cannot be run through the press right away because there are...
Top 7 Ways to Succeed in the Business of Speaking
How attractive are you as a speaker? No, your looks, but your consistent ability to provide a quality presentation, attract clients, and be irresistibly attractive to meeting planners and speaker bureaus? Below are some useful tips that I...
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Does MBWA (Management By Wandering Around) Still Work?
Tom Peters, alumnus of the management consulting firm of McKinsey & Company and one of today's best known and highest paid management gurus, first came to prominence in 1982 as he "knocked our socks off" with his eye-opening best-seller In Search of Excellence. This thought-provoking classic provided us with many valuable lessons from America's Best-Run Companies. Today, 20 years and ten best sellers later, Peters is still on the cutting edge of the on-going business revolution that never seems to end.
In his first book, Peters introduced us to the key concept of MBWA (Management By Wandering Around). After a brief definition of this powerful strategy, he shared a number of MBWA examples from such notable organizations as Hewlett-Packard, GE, PepsiCo, LucasFilm, Corning Glass, 3M, Disney and Wal-Mart. This unique approach obviously worked well for these and other companies in the early 80's. However, has it stood the test of time?
Tom Peters believes it has … as does a great number of leaders and organizations who continue the pursuit of excellence in today's competitive marketplace.
MBWA does not mean leaving your responsibilities behind as you stroll through the nearest shopping mall. Even wandering through your organization can do more harm than good if it isn't executed properly.
Here are a few tips to assist you in that same pursuit as you Manage By Wandering Around.
* Appear relaxed as you make your rounds. Employees will reflect your feelings and actions.
* Remain open and responsive to questions and concerns.
* Observe and listen and let everyone see you do it.
* Make certain your visits are spontaneous and unplanned.
* Talk with
employees about their passions -- whether family, hobbies, vacations, or sports.
* Ask for suggestions to improve operations, products, service, sales, etc.
* Try to spend an equal amount of time in all areas of your organization.
* Catch your employees doing something right and recognize them publicly.
* Convey the image of a coach -- not an inspector.
* Encourage your employees to show you how the real work of the company gets done.
MBWA works best when you are genuinely interested in employees and in their work and when they see you as there to listen. It sometimes requires follow-up. When you can't answer an employee's questions on the spot, get back to them with an answer within 48 hours.
Reprint Information Your organization may reprint this article for your newsletter, online publication, or mailing list. We ask that you print the: * article in its entirety; * byline of the writer; * information about the writer, which is available at the end of each article; and * contact information, including our toll-free phone number in the U.S. (800-886-2MAX) and website address (www.AchieveMax.com or http://www.AchieveMax.com/motivational-speaker-harry.htm)
We would appreciate a tear sheet or electronic copy of the articles you reprint.
About the Author
Harry K. Jones is a professional speaker for AchieveMax® Inc., a firm specializing in custom-designed keynote presentations, seminars, and consulting services. Harry has made presentations ranging from leadership to employee retention and time management to stress management. For information, call 800-886-2MAX or visit http://www.AchieveMax.com.
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