Universe Of Management


January 15, 2010: 6:37 am: adminEducation Info, Tuition Center, Universe Of Management

Fork lift trucks are today attendant in any advanced factory, storage warehouse or depot facility. The labour preservation powers of the fork lift are without comparison. However, such great ability and flexibility comes with a liability, they can be really hazardous if in use by slapdash and ill-equipped operators. So it’s important, in fact even a lawful requirement, that each of your employees who may employ one are provided thorough forklift safety education. A education course of study with forklifts will address all fields of forklift operation including issues such as hazard awareness, accurate payload proficiencies, speed, stableness, accurate placement, everyday safety checks and outside risks such as pedestrians. Even operators who view themselves to be practiced may need to take refresher coaching to enable them to be covered by the up-to-date safety statute law. Sustaining a dependable working area is the duty of each business proprietor and manager, without very high operational routines this can be impossible to accomplish. We have all got wind of catastrophe stories where a badly mastered fork lift has left a trail of carnage and harm (including deaths), make sure your place of work does not get added to this list by seeing to it that all your fork lift drivers are properly trained. Always determine that your safety schooling is supplied by licenced coaches who are insured by national standards (with the proper indemnity and qualifications) and that all courses of instruction are likewise recognized by the correct municipal organization.

September 6, 2009: 2:30 pm: adminEntrepreneurs, Universe Of Management

A flourishing business depends on good people management skills. People management can be improved and studied. It may be an advantage to have a innate affinity for getting along with people, but there are some skills you can do to make this procedure simpler. Relationship Building: Start by using the names of the staff. Talk to employees; look employees in the eye during a conversation. Show respect, also be attentive to the other person’s point of view, regardless of whether you are in agreement with them. The development of listening skills is one of the best things you may do to better your talent management skills. Welcome any contributions from your co-workers.

Live up to your word: Don’t give promises you can not fulfill. If a promise is broken, it can destroy trust, and people won’t give you their best efforts without trusting you. Each time you make a statement or make a promise, do be sure you can deliver or don’t bother giving your word at all. You’ll find, if you can’t be depended upon, your employees won’t be there when it’s really important. Welcome any observations: Feedback should be a two way process. Human Resources management skills mean being receptive to all feedback. If you are prepared to establish that you are accessible and open, you show that you value other’s feedback, and they will listen to yours. Promoting discussion also opens doors to innovative ideas, original ways of fulfilling goals, and strengthens the company dynamic. By allowing the staff to express their views, the success of the company will become important to every team member.

Communication is essential: Your people management skills boil down to one concept - communication. Be approachable, utilize listening skills, welcome people to share ideas, and permit team members a chance to speak. Inspire staff not just to communicate to you, but also to talk to each other. The exchange of ideas is crucial in the creative process, and in listening to one another, it’s easy to spot problems early, and measures may be put in place before things get out of hand.

A little effort will be necessary, but the rewards far outbalance the effort. Through promoting a good team dynamic and by listening to your team’s ideas, you can easily have a successful business.

August 5, 2009: 5:30 am: adminUniverse Of Management

Talent management is extremely important for business success. People management can be acquired and studied. It can be a plus to have a natural affinity for managing with people, nevertheless there are a few skills you can learn that will facilitate the process.

Build relationships: Start by remembering staff’s names. Encourage conversation; look co-workers in the eye during a conversation. Be respectful, also listen to the other person’s point of view, even if you do not agree or have another point of view. Listening to what employees say is one of the most crucial human resources management skills you can learn. Exhibit an interest in what they can give to the team. Show integrity: Keeping your word is very important. If you can’t keep your word, the delicate bond of trust is broken, and individuals won’t offer you their best efforts without trusting you. When you give a commitment or make a promise, do be sure that you can keep your promises or don’t bother giving your word at all. The truth is, if you can’t be counted upon, your employees can’t be relied on to be there when you truly need them. Feedback is important: Feedback should be a two-way process. Talent management skills mean being receptive to all feedback. Being approachable and receptive demonstrates that other’s views count, and they will value your opinions. Open discourse also encourages new ideas, ways of achieving goals, and develops the company in general. When your team members can express their ideas, the success of the business becomes important to each employee.

Communicating is fundamental: Good communication is central to managing individuals with skill. Maintaining an open door policy, listen intently to your co-workers, retain an open mind, and allow team members a chance to speak. Employees should be encouraged to speak to each other as well as with you. The sharing of ideas is important in the creative process, if the employees communicate openly, it becomes simple to discover any issues before they become a problem, and corrections may be implemented before matters get out of hand.

A little time will be necessary, nevertheless the payoff is worth it. Through encouraging a good team dynamic and demonstrating effective listening techniques, you can easily have a successful business.

May 19, 2009: 1:41 pm: adminFortune, My Commerce, Universe Of Management

Leading investment bank Lazard reported a 5% increase in revenue during the second quarter, even as corporations all over the globe are experiencing economic turmoil. Helmed by CEO and Chairman Bruce Wasserstein, the private equity firm reportedly gained $64.6 million in net income for the second quarter, resulting to a total of $467.4 million in revenue.

The firm’s success may be because they prevent huge losses that have decreased the sales in rival companies such as Merrill Lynch and the now-defunct Lehman Brothers. The dealmakers of Lazard reported a 37% rise in income for the second quarter, as corporate buyers remained solid on keeping their deals.

Just recently, Bruce Wasserstein renewed his contract with Lazard. He signed a 5-year contract to remain as the chairman and CEO of Lazard, with a base salary of $900,000 per year. Wasserstein’s leadership qualities have apparently impressed the executives of Lazard, as the firm’s fourth quarter also showed a considerable gain.

During the quarter, Lazard closed in on deals such as China Investment Corporation’s $5.6 billion purchase of a stake in Morgan Stanley, and Bear Stearns’s $1.4 billion sale to JPMorgan Chase. The firm only earns its advisory fees once the deal is closed.

Bruce Wasserstein currently helms Lazard and the firm is still continuing its other major business, which is controlling asset managements. This raked in $178.8 million in net income for the second quarter.

December 8, 2008: 10:48 am: adminEducation Info, Entrepreneurs, Universe Of Management

There are contrary interview techniques you can use during the actual interview. Here are two to get started with

Attention Aware Interview skill:

Limit the amount of talking you do. Interviewers have only a narrow attention time, to be specific there is only around 80 seconds where you have the interviewers attention after you begin responding to an interview query

The setting to the interview technique is :

As you originate your response to the interview question, you have your interviewers full attention. As time passes their attention is reducing rapidly. After 60 seconds, you have basically lost him/her. So train to deliver your answer in less than 60 seconds. Producing your highlight after 60 seconds will not necessarily reach the interviewer’s head! If you are not convinced by the level of detail you have contributed. Ask: “Do you wish me to expound more on this?”

Ask Questions Interview Technique:

Absorb the interviewer by asking questions. Asking questions improves your relations with the interviewer, and you will be more easily remembered after the interview. Interviewers are impressed by the interest you show in the occupation, sometimes even more than the selling points you talk about. If you can manage to get your interviewer talking about himself, you are doing commendably!

If you have an upcoming medical interview, click here for doctors going for their ST interview

July 6, 2008: 12:54 am: adminUniverse Of Management

OPFM stands for Our Power Forced Matrix, and it’s a downline club which started on October 2005.

The common goal is to ensure no team member is left behind. OPFM will rotate high earners to the bottom so everyone gets a chance. However, joining new programs is optional. If you received a invitation and don’t wish to participate, you don’t have to. Simply ignore the invitation. You can stay on the team and build your downline at the first program, which is Empowerism.

Empowerism, owned by Life, Education And Prosperity, Inc., a corporation formed in Atlanta, Georgia, U.S.A., offers a low-cost subscription to an automated database marketing system and training in Internet Marketing and Network Marketing. Empowerism subscription comes with an automated database marketing system, 50 leads, a full-featured auto-responder, along with all the education and tools to go beyond the power of automation. These tools include a private training center, Excellence magazines in PDF format, email-based training lessons, one-on-one support on our message board, and more. Second, Empowerism offers you an opportunity for you to earn a substantial monthly income, plus bonuses, as your turnkey business grows.

The second program to join is The $24 Plan / Liberty Health Net (LHN). LHN Income Plan uses a 4×5 forced matrix that promotes spillover and re-entries.

At OPFM they all support each other in every matrix. This is how they all will be rewarded. This means that if you are toward the bottom of one business matrix, you still enter it and pay the appropriate fees, because those at the top of that matrix that you are supporting are going to be the ones that support you when they are at the bottom and you are at the top of subsequent matrices.

The OPFM plan is open-ended and they can do this as long as they want to. The immediate goal is to enter 4-6 different businesses. This will result in every member being given the chance to be towards the top of at least one or more of each matrix.

There is also a plan to establish Our Power Forced Matrix as a separate, stand alone business with an extremely affordable fee of $7.00 per month. This will be an additional great source of income.

If you are having difficulties referring new members, OPFM has a Member Pool, 100+ members are placed here daily, however they are retrieved very fast, and most time it is empty.

To succeed with OPFM you have to join and be in paid status in all of the matrices, and by doing so you will score nicely in one or two of them. But you have to understand that those matrices that I don’t score nicely with right away I may even be at the very bottom with nobody in my downline, meaning your are not in profit and have to pay that cost every month out of your pocket rather than out of commissions from the programs.

OPFM will backfill all of these matrices over the coming months, so even in the programs where I don’t initially have anyone under me, soon that won’t be the case, meaning that within a few months you won’t have any negative cash flow, but you may be paying for all of your memberships for the first 2 or 3 months out of your pocket before commissions flow fully.

Conclusion

OPFM offers an opportunity to make money on the Internet with a business plan aimed to common people from any country.

As of January 4th 2006, the membership count is 21,379, this number can still be much higher, which gives OPFM many months of good growth.

http://www.tenbytes.com/opfmopportunity.html

The author of this article is Ronald Vyhmeister, visit his website at
Home Based Business Opportunities (when using this article on your website please link text to http://www.tenbytes.com)
Feel free to use this article in your website or newsletter, but keep this author box with live links.

June 11, 2008: 12:53 am: adminUniverse Of Management

A tight knit team is a group of competent individuals who care deeply about each other and are fiercely committed to their mission. The members are highly motivated to combing their energy and expertise to achieve a common objective. From our observation and studies on team development, we have found three primary conditions that have to be met in order to attain higher levels of team performance and member satisfaction.

  1. Resources and Commitment
  2. Ownership and Heart
  3. Learning

These three conditions are the heart and soul of team development and yet these conditions are not blueprints. Each developing team is unique, and its needs and details of teamwork have to be worked out separately. Let’s look closer at condition number three - Learning.
CONDITION NO. 3 - LEARNING

In order to harvest the enormous power of teamwork, one’s knowledge, skills and abilities have to be sharpened. This is required to support the values describe in “Condition No. 2 - Ownership.” (This is because values with skills will result in good intentions. But without the skills and behavior the values alone can not produce results. Likewise, nifty skills and techniques without the heart and soul of values will likely be perceived as manipulative and just another management ploy to trick people into giving more to the organization at the expense of its members.

How does a team learn best about teamwork? How to take back responsibility? What exactly is there to learn from experiences in teamwork? We have found that the principles of teamwork can best be explored by adult learning modules where people try out their team development skills on actual tasks and activities. We usually select tasks that are uncommon so that participants have a level experience field. Once a task is completed, we carefully lead the learners back through their experience and encourage them to discuss the positives and negatives of the team’s effort. We look for common threads of thought and weave together, with their experiences, the key concepts of principles of sound team development. Learners are then asked to plan and transfer their experiences back to the work place and develop plans to turn their learning into productive ideas or strategies. This approach to learning is fun and exciting. It usually leaves a lasting impact and memorable reference points for the future. Groups really acquire the language and the concepts of teamwork.

The insights about teamwork are broad and deep. The following is basically an unaltered flip chart session of lessons and insights from a team located in the Midwest that produces heavy equipment.
IN OUR TEAM DEVELOPMENT WE LEARNED THAT…

  1. We typically underestimate the importance of the role of the leader.
  2. Cross training really enhances the strength of the team.
  3. Careful management and control of the team’s resources is crucial.
  4. You can’t wait for perfect conditions before you start a task.
  5. You really haven’t failed until the team stops trying.
  6. We have to view mistakes as opportunities to learn and grow for the long run.
  7. The team has to ensure that all of its members are informed and enrolled.
  8. Your ideas won’t be heard unless you speak up
  9. Feedback is essential for process improvement.
  10. Open minds are essential for synergy to occur.
  11. Our biggest barriers and fears are all perceptions that can be overcome.
  12. Leaders have to lead and guide the processes; they can’t be expected to produce the technical breakthroughs.
  13. High performance teams must develop even their weakest or newest members.
  14. We should not limit others by presupposing their limitations.
  15. It is important to celebrate the success along the journey to the ultimate result.
  16. Patience fosters empowerment.
  17. You can’t “push” a rope and you can’t “push” people in the direction you want.
  18. We need to share knowledge and develop people through effective coaching.
  19. When you find yourself in a hole, quit digging!
  20. With a little trust you can move remarkably fast through a situation.
  21. Stretch goals yield stretch results.
  22. It is OK for adults to request and accept help.
  23. Mature adults are willing to admit that they have fears.
  24. The pitfall of holding back on a good idea is bigger than the pitfall of spending some time to hear the ideas.
  25. If you can visualize the process and the goal, we are in a better position to achieve it.
  26. No one of us is as smart as all of us.
  27. Our limitations are driven primarily by our fears.
  28. We can’t afford the cost of uncaring criticism.
  29. True leaders will encourage input from everyone.
  30. Showing emotion is OK.
  31. Teamwork “ain’t” easy, and it “isn’t” automatic. You have to work at it.
  32. Teamwork means that you have to understand the paradoxes and manage them well.
  33. You have to bring people together if you are to build enthusiasm and spirit.
  34. Collaboration means a lot more than agreeing to stay out of each other’s way.

The actual list was longer and took nearly two hours to share and report. Frankly, we have not seen any other type of team development process where so many insights occur in a relatively brief period of time. Since we have had the opportunity to work with this group over an extended period of time, we can report that this team was noticeably closer according to reports from other members of the organization as well. After all, what is good for the goose is good for the gander. And if we see the members of the organization as the goose who lays the golden eggs then we need to make a real investment in terms of time and money to keep the goose healthy and well.

If you would like more information on Team Development or to learn more about our Team Building programs, please contact a Regional Manager from CMOE toll free at 888-262-2499 or (801)569-3444 x.3023.

June 8, 2008: 8:37 pm: adminUniverse Of Management

I often hear leaders from all types of organizations ask questions about hiring the right person. Their questions usually sound like these:

• What if their resume looks great but they have a bad attitude?

• What if they put on a good act and then don’t work hard?

• How can I tell how they will perform after I hire them?

A great way to answer these questions starts with a well-defined interview process. I have heard the procedure called many things. I first learned it as the Behavioral Event interview process. The guiding thought behind this system is that “while it is no guarantee of success, past performance is the best indicator of future performance.”

Here is the main idea — develop an interview system that forces the candidate to tell you, in direct and specific terms, how they have worked in the past. You want the candidate to do more than recount where they have worked and what experience they have. You can read their resume to get that information. You want the candidate to tell you: how they think, how they work, and how they relate to other people.

Actual implementation can get a little involved, but the basic process goes like this:

1) Identify the key skills (attributes, attitudes, etc) for success in your organization. In a big company, you might develop the list by interviewing successful people in the organization. In a smaller company, you could brainstorm with the owner(s) about what they want to see in an employee.

2) Rank the competencies to separate the “must-have” traits from the “would be nice” traits. Write your list in the form of a checklist for use during interviews.

3) Develop a series of questions that get people to tell you specifics about their experience. The best series start with broad, open-ended questions and lead to follow-up with questions that dig for specifics.

For example, the series could go like this:

Start with an open-ended question like “Tell me about a time in your high school (college, internship, last job, etc.) when you had to convince another student (co-worker, etc.) to help you?” or “Tell me about a time from your last job (internship, college, etc.) that you had to make a sudden change in plans?” Let them pick the scenario; you probe for specifics.

When they give you the scenario, begin the process of “peeling the onion.” Ask follow-up questions like “When that happened, what was the first thing you did?” Then, “Who did you talk to to make the change happen?” Maybe you could follow that with,”Did they react positively or negatively to your request, and how did you respond to them?”

The idea is to get the candidate talking about how they handled a specific situation (their feelings, actions, and responses). By addressing a specific situation rather than a hypothetical scenario, you get a good feel for how they might handle a similar situation in the future.

4) As the candidate responds, look for evidence of the core competencies you identified in step 1. Use your checklist to keep track of your observations.

5) Train several people to conduct this type of interview. Always have more than one person involved in the process. I suggest having several people interview the candidate. Each interviewer should ask about a different part of the person’s life and work experience (school, work, volunteer work, etc).

6) After the interview process, get each interviewer together to compare notes and observations. If the candidate demonstrates the key skills you are seeking across several areas of their life, they are likely to bring those skills into your business. Now you have a good basis for deciding whether this person fits you and your organization.

I have been through this type of interview on both sides of the table. I find that it works very well and creates a win-win scenario for both parties. For the qualified candidate, the process feels good because there are no “trick” questions. For the interviewer, it gives you concrete information that you can use to make an informed decision about the candidate’s fit in your organization. Only the unqualified candidate loses. For them, the process is uncomfortable. They must give specifics; there is little room for “shading the truth” to get the job.

You may use this article for electronic distribution if you will include all contact information with live links back to the author. Notification of use is not required, but I would appreciate it. Please contact the author prior to use in printed media.

Copyright 2005, Guy Harris

Guy Harris is a Recovering Engineer. He works as a Relationship Repairman and People-Process Integrator. His background includes service as a US Navy Submarine Officer, functional management with major multi-national corporations, and senior management in an international chemical business. As the owner of Principle Driven Consulting, he helps entrepreneurs, business managers, and other organizational leaders improve team performance by applying the principles of human behavior.

Guy co-authored “The Behavior Bucks System(tm)” to help parents reduce stress and conflict with their children by effectively applying behavioral principles in the home. Learn more about this book at http://www.behaviorbucks.com

Learn more about Guy at http://www.principledriven.com

May 20, 2008: 1:16 pm: adminUniverse Of Management

This week I was asked to speak at an internal conference for a bank. The subject was how to build a great customer experience. However, the reality was somewhat different to the title. I sat listening to speaker after speaker - all coming along with the same message “how can we stuff more products into our clients and achieve our targets”.

As I sat there I started to think, why do people say one thing and do another? Do they really think people are that stupid that they cannot see the conflict between the words and the actions? So, as the speakers droned on and on about product X and revenue Y, I thought “what are the tell tale signs that show if your company is really customer focussed?”. I took the opportunity to make some notes…….

When I visit companies, they take great pains to tell me how customer focussed they are. They show me mission statements, pretty “charters” on their wall extolling the virtue of being customer focussed and explain how the company is organised around their products! Yet the reality is that their words and their actions are different. Customer focussed is the last thing they are. Let me be very clear right up front, our people are not stupid, and your customers are not stupid, they know you are not customer focussed! One thing I have learnt over the years is… “Customers will judge you on your actions not your intentions.

So what are some of the tell tale signs of people saying one thing and doing another?

What do you measure?

This is the easy one. I have met companies who tell me they are customer focussed and yet they have no form of Customer satisfaction measure at all! Do you measure Customer satisfaction? Ask yourself now if you know what last month’s results were? Now ask yourself if you know the company’s revenue performance last month? Normally people can tell me the latter but not the former. What does that tell me?

Half the Customer Experience is about emotions. So, do you measure the emotions you’re evoking in your customers? When were your measures last reviewed to check they are still the right ones and changed if necessary?

What happens to the information?

Too many companies have a “tick the box” mentality. They measure Customer satisfaction as the management books say they should. But they never do anything with the results. So ask yourself, how often is your customer satisfaction measure actively used to drive improvements?

How important are Customer measures to your company?

Who gets paid on the results and how much? I remember when I was in corporate life; I had a stand up argument with one of my colleagues at a board meeting about this. I suggested that the bonus we paid account managers, which stood at 5% of their overall bonus, with the remaining 95% paid on revenue, should be increased to 50% of their bonus. I argued if we really believed that focussing on the customer was critical then we should “put our money where our mouth is”. Sadly I lost the argument. Revenue was the key measure throughout the company and would remain so. Talking about being customer focussed just made everyone feel better. In fact with hindsight, in everything they did the customer came second or in some cases third!

Where is the customer on the agenda?

Just look at your next team meeting agenda. Where is the customer satisfaction review? Is there one? I know of monthly and quarterly meetings where the customer and the customer satisfaction measure are not even spoken about? How can management then say they are focussed on the customer?

You are your diary Look at your diary.

How much time do you spend with Customers or working on Customer issues? Look at your bosses and senior teams - this will tell you the difference between the actions and the intentions.

Customer complaints

Are they a good thing or a bad thing? Customer complaints should be encouraged - they are free consultancy and feedback from your customers. Too many companies treat them as something they shouldn’t have?

“Inside out or Outside in”

A couple of weeks ago I was involved in a meeting where there was a heated debate about what the customer wanted. Retail put their view, Customer service put their view, sales put their view and it all got a bit strained. I sat there and, at an opportune moment, asked the simple question. “Can someone tell me what the customer thinks?…..”Where is your customer data to back up what you are saying, because without that these are just opinions”. The most important thing is what the customer thinks.

So in summary these are the main areas which show the difference between words and actions. Look at your colleagues and bosses and then ask yourself, are you truly customer focussed?

Finally, I would be fascinated to learn of any other “tell tale signs” you have observed; we are considering using them in our next book. Perhaps email them to me at colin.shaw@beyondphilosophy.com. If they are new and we use them in the book then we will acknowledge your contribution in print!

Colin Shaw Founding Partner, Beyond Philosophy.
colin.shaw@beyondphilosophy.com

www.beyondphilosophy.com

EzineArticles Expert Author Colin Shaw

Colin Shaw is the Founding Partner of Beyond Philosophy and guru of the Customer Experience Management. He has also produced two most successful books on customer experience which are now available in market. His first book, Building Great Customer Experiences sold out within just eight weeks, is on a third reprint and available in paperback.

Colin’s second book, Revolutionize Your Customer Experience released in September 2004 and considered as Bible in Customer management business world.

Colin has enjoyed over 20 years of experience working in blue chip companies, including Mars Ltd., Rank Xerox and BT. Colin’s final position was Director of Customer Experience for one of the world’s largest global companies. In his career, he has held senior positions in a number of different functional areas including Sales, Marketing, Customer Service and Training.

Ask Colin A Question …………………………………………………………………

April 14, 2008: 3:01 am: adminUniverse Of Management

Frustration is when an obstacle blocks your ability to achieve
a goal. You know it is still possible to achieve it, but you
just have no idea how.

Often the obstacle blocking a clear path to the successful
completion of a goal is our own knowledge. The trouble is, we
just don’t know what we don’t know.

One weekend, I set myself a project of downloading and
installing some fairly complicated weblog publishing software.
Getting started was easy, but soon it became apparent to me
that my lack of knowledge in that area was causing me problems.
I had neither knowledge or experience with running cgi-scripts.
Twelve hours later I was still no closer to completing this
arduous task - all I had accomplished was discovering a few
ways that didn’t work. Finally, with assistance froim my
friends, I got it up and running. Total time? 22 hours. Not bad
for something that I thought would take me an hour or so.

So the question is, if we don’t know what we don’t know, how
can we plan for it?

The truth is, we can’t.

But we can do some other things. We can either:

  • learn how to fix the problem ourselves (which will probably result in much wasted time)
  • ask for help (from people with more experience and/or more knowledge)
  • delegate it to someone else who has more experience and/or knowledge

That all sounds obvious. Yet I know people, who after ten years
of working on a project, are still struggling with exactly the
same obstacles because they are too stubborn to ask for help.
It has chewed away at their self-esteem and stopped them from
achieving success in other areas.

I could have paid to get the software working for around $40.
So working for 22 hours gave me less than $2 an hour output.

The moral of the story? If you are about to do something new,
decide beforehand how much time you are willing to put into it
if an obstacle arises. If you value your time, and it is not an
essential skill to learn, swallow your pride and ask someone
else to do it.

You can waste a lot of time trying to master something you are
not very good at. Learn to delegate properly, to the right
person with the right skills.

(C) Copyright Petra Rankin 2005

EzineArticles Expert Author Petra Rankin

Petra Rankin used powerful techniques to beat her own long-term
depression. She is now dedicated to teaching others how to be
happier and lead more successful lives. Her first book Fast Track
Your Success and Happiness
is due to be launched in
September 2005 and is currently available for download as a free
e-book instead of paying $19.95. Limited time only!

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