Let's Flourish and Prosper!Learn Management Articles on management-info.biz. Let's Flourish and Prosper! article will help answer your questions on Management Articles.We at management-info.biz specialize in Management Articles. Management Articles at management-info.biz provides the most up to date news and articles. If you have questions please do not hesitate to contact us.
Some say that in business as in sex: if it is good, it’s great and if it is bad it’s still pretty good. This does not happen to be true. If business is bad, it can get very bad. There are personnel problems, production expenses, overhead, laws, taxes, fines. Faulty financial decisions, inability to accurately evaluate the situation and quickly resolve problems all lead to an extremely high mortality rate among new business: up to 95% do not survive past their first 12 months. Modern business management is an art, based on a certain technology requiring certain skills. There is a technology of how to estimate and evaluate any situation and accurately predict future events and trends. There is a technology of finding exact problems, the underlying reasons behind them and handling those exact reasons to eliminate specific problems. Some of the basics of this technology are presented here to help anyone flourish and prosper. 1. OPERATE BY STATISTICS. Statistics reflect production of something in a unit of time. It is a tool that should be used to locate and handle any routine problem or any severe crisis. Awareness of the key statistics provides you with an insight into what is really going on in your business. They help establish causes of events. Best businesses collect up all their key statistics daily, sometimes hourly. Examples of key statistics could be Gross Income, Value of services Delivered, Number of Contacts Made, Number of Appointments Made, Number of Closes, Cash/Bills Ratio, Minutes of Operation With No Downtime, Qualified Staff Hired, Dollar Return Value per Promo Ad, etc. Anything can be represented as a statistic. 2. CONDITIONS. Everything that exists, any activity, is always in some condition. These conditions are very well defined, there are only 6 of them. Depending on statistics, every activity is in one of these 6 possible conditions. Any activity starts in the condition of Non-Existence. As it becomes better established and more known, it raises up to Danger. Then, as it expands, it passes through the condition of Emergency into Normal Operation and then may reach Affluence or even Power. So the conditions from the bottom up are: Non-Existence, Danger, Emergency, Normal, Affluence and Power. Each of these conditions has a “formula”, a series of steps which would lead the activity out of any condition it is in and move it into a higher condition. + For example, formula for the condition of Non-Existence is: · Find a communication line – a channel on which communication can be sent out and received. · Make yourself known. · Discover what is needed and wanted. · Do, produce and/or present it. This is the starting condition for any activity. It is easy to see that any gross non-compliance with any of these 4 steps would make it impossible for any activity to eventually reach Affluence. People either know these conditions and use the formulas or follow conditions intuitively, or completely neglect them, commit gross errors and fail. Statistically, these 6 conditions look as follows: - Non-Existence: statistics are crushed to the bottom or stay extremely low for a long time or it is a brand new activity. - Danger: statistics drop sharply or there is a gradual drop over a long period of time. - Emergency: statistics are slightly down or remain unchanged (no rise, no fall). - Normal Operation: gradual increase in statistics. - Affluence: significant increase in statistics, very steep uptrend. - Power: after a period of Affluence statistics go into Normal Operation trend (gradual rise) on a brand new very high level. 3. DATA ANALYSIS/SITUATION ANALYSIS. Accurate analysis of a situation is a science in itself. It is based on the subject called Logic. It is not feasible to get into it at any length here but there are 2 points that must be understood: 1. There is a cause for every non-optimal situation in business. That cause is defined as something under your control which if handled will resolve the exact problem and revert the statistics. 2. To handle any situation you have to handle the exact reason that created it, not something else. This seems obvious but people often do the opposite. For example, an employee keeps breaking tools, the owner keeps buying better and sturdier tools. What problem is he trying to solve and what was the cause of that problem in his opinion? The actual reason was that the employee was untrained and needed drilling and apprenticeship. It just required a little bit of an investigation and observation to figure out. Operating by statistics, knowing and applying condition formulas and investigating the causes of problems allows any activity to flourish and prosper. I will be happy to answer any questions. Let’s flourish and prosper! This is the next blog in the continuing series of interviews with top-echelon and renowned professionals. In this blog, I interview “Leading International Authority and Scientist, Dr. Stephen Seidman, Dean Texas State University, CSAB President who talks about software engineering, the computing profession, professionalism and certification, and computing education.” Enjoy!
Dr. Seidman has an active interest in computing education and professionalism. He played a leading role in the development of an international standard for software engineering certification, and he has worked with the IP3 effort to develop a program to accredit computing societies certify information technology professionals. Dr. Seidman is a long-term IEEE Computer Society volunteer. He has been a member of the IEEE-CS Board of Governors (2003-05) and the IEEE-CS Executive Committee (2005-08). He has served the Computer Society as Secretary (2005), Treasurer (2006) and Vice-President for Educational Activities (2007-2008). Dr. Seidman has been a member of the CSAB (US computing accreditation) board since 2006; he is currently (2009-11) serving as CSAB president. To listen to the interview, click on this MP3 file link DISCUSSION: Interview Time Index (MM:SS) and Topic:00:49: :03:17: :03:58: :04:59: :06:14: :08:17: :10:03: :11:19: :12:41: :13:39: :15:49: :16:12: :17:06: :18:09: Article Index: | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 |
More Articles:1. What Does Your Staff REALLY Want? Part 2 The 2005 'Best Places to Work' program study showed that, contrary to popular opinion, employee satisfaction didn't depend on salary. The most given answer as to what makes a company a great place to work is employee empowerment. And what constitutes employee empowerment? I believe it comes down to a few basic principles, the second of which is the corporate culture. CREATE A CULTURE In the book 'Guts!: Companies That Blow the Doors Off Business As Usual,' authors Kevin and Vickie Freibe… 2. Discover The Coach Within You Discover The Coach Within YouOne of the three basic roles of leadership is the coach or mentor. The best boss is often the best coach. (See: http://tlc-leadership.com/the_three_faces_of_leadership) In sports the coach is very conscious of his role but in the business world most coaching is unconscious or even accidental.Just as many a dad learned to coach by jumping in with his son's baseball or hockey team or his daughter's basketball team most manager / coaches learned the art through a baptis… 3. 25 Great Ways to Find the Right People and Not Break the Bank By Marcia Zidle Are you trying to hire dozens of hourly workers or a senior executive? Where do you look and how do you get the word out? There are many ways to find the right people besides placing want ads.Here are 30 innovative and inexpensive ways to expand the pool of potential applicants. Pick and choose the ones that “fit” your company and your budget. Place ads on TV and radio, in the movie theater, at bus stations and airports, etc. Register to list your open positions with your state and local emp… 4. Cross Cultural Solutions for International Business By Neil Payne Globalisation, the expansion of intercontinental trade, technological advances and the increase in the number of companies dealing on the international stage have brought about a dramatic change in the frequency, context and means by which people from different cultural backgrounds interact.Cross cultural solutions to international business demands are increasingly being viewed as a valid and necessary method in enhancing communication and interaction in and between companies, between companie… |
||||
Stephen B. Seidman is Dean of the College of Science at Texas State University in San Marcos, TX. He received the B.S. degree in mathematics from City College of New York in 1964 and the Ph.D. degree in mathematics from the University of Michigan in 1969. Before joining Texas State in August 2009, he held administrative positions at several universities. These positions include Dean of the College of Natural Sciences and Mathematics at the University of Central Arkansas (2006-09), founding Dean of the College of Computing Sciences at New Jersey Institute of Technology (2001-05), chair of the Department of Computer Science at Colorado State University (1996-2001), and head of the Department of Computer Science and Engineering at Auburn University (1990-96). Dr. Seidman also held faculty positions at New York University and George Mason University.