Overall management is needed throughout all business projects so that each employee can effectively accomplish specific tasks in an efficient manner. When a business doesn’t have management polices, procedures, or tools, inefficiencies that can impact sales can occur at any time in important projects. Continue reading “Project Management Advantages For Any Firm”
This article is contributed by Adrian Matthews.
For all the horrors of the current economic climate, there is one good thing to come out of the recession; there’s never been a better time to look for new staff. Jobs are scarce and as a result, there’s never been more talented people without one. Continue reading “Eight Tips For Small Business Hiring Decisions”
This article is contributed by Mathew Clan.
Thanks to the rising and highly fluctuating gas prices, fleet managers find themselves in an unenviable situation. One of their major roles is to closely monitor the fuel expenses to control them. They may not succeed in controlling the fuel costs of their fleet unless they have the right information at the right time. Continue reading “Fleet Cards Optimise Fuel Costs”
You could be forgiven if you found the title of this post perplexing. However it summarizes an important and powerful method of providing focus in what you’re doing. Depending on the method you used to get here, you may even have not seen the true title of this post. Continue reading “_ First”
This article is contributed by Gagan Deep.
There’s web copy and web copy, but the truly effective web copy is one that literally makes the consumer take immediate action. How do you write web copy that achieves this result? Continue reading “15 Steps To Write Effective Web Copy”
This article is contributed by Lauren Bailey.
Technology has eliminated many of the boundaries that once stood between companies and the possibility of foreign marketing campaigns. As technology continues to evolve, so will the global market opportunities. In the coming years, it will be imperative for international marketers to embrace the Internet as a marketing platform as Internet access spreads across the globe. Continue reading “Major Trends in the Global Market”
This article is contributed by Barry Huddleston.
Where to look for a freelancer
Finding a good freelancer can be harder than managing the project itself. Some times it’s hard to tell if the freelancer is telling the truth about the experience he or she has. Unless you have a team of programmers and website developers that you know well or even play golf with then you will need to find one online. Continue reading “How to hire and manage a freelancer for your project”
Marketing like many other branches of business often introduces jargon that may confuse readers. The latest of these is the term inbound marketing. In demystifying this term, we will show you a concept that is even more useful. That is marketing from the outside in
A Marshmallow Challenge might seem to be an unlikely topic for this blog, but it is a topic on today’s Ted Blog that is amusing and stimulating. It is a talk by Tom Wujec and it is all about collaboration, innovation and creativity. He is a Fellow at Autodesk and is the creator of the marshmallow challenge.
He describes it as one of the fastest and most powerful techniques for teams to improve their capacity to generate fresh ideas, build rapport, and master the skill of prototyping – all of which lie at the heart of team innovation.
The challenge is disarmingly simple. The teams get 20 sticks of spaghetti, one yard of masking tape, one yard of string and one marshmallow. The rules are straightforward:
- Build the Tallest Freestanding Structure: The winning team is the one that has the tallest structure measured from the table top surface to the top of the marshmallow. That means the structure cannot be suspended from a higher structure, like a chair, ceiling or chandelier.
- The Marshmallow Must be on Top: The entire marshmallow needs to be on the top of the structure. Cutting or eating part of the marshmallow disqualifies the team.
- Use as Much or as Little of the Kit: The team can use as many or as few of the 20 spaghetti sticks, as much or as little of the string or tape. The team cannot use the paper bag as part of their structure.
- Break up the Spaghetti, String or Tape: Teams are free to break the spaghetti, cut up the tape and string to create new structures.
- The Challenge Lasts 18 minutes: Teams must not be holding on to the structure when the time runs out. Teams holding the structure will be disqualified.
If you explore the website, you will see some of the creative solutions that teams have used around the world.
The Marshmallow Challenge has produced no less than 390,000 items and the TED blog post today will encourage many more. It will be interesting to see, given that competition, how high this blog post can rise for a Google search for ‘Marshmallow Challenge’. We will keep you posted.
A global recession such as we are all suffering is not easy for anyone. Some companies will not survive since sloppy business practices only work in good times. The half-full glass can thus be seen as a time of opportunity for the survivors who apply high performance practices. On the other side of the recession, the survivors will be in good shape and will have less competition.
That message is to be found in a Business Interview in The Hindu: Hard-edged diagnostic of business is critical in a downturn. The Four Laws in the book, ‘Breakthrough Imperative – How the Best Managers achieve outstanding results’, are fundamental.
- Costs and prices always decline.
- Competitive position determines options.
- Customers and profit pools don’t stand still.
- Simplicity gets results.
Mr Mark A. Gottfredson, a co-author of the book, and a Partner in Bain & Company, Inc., US, affirms that the Four Laws are timeless concepts that work in economic boom times and in times of downturns. A performance improvement diagnostic using the four laws will identify the key imperatives for surviving the downturn and for gaining advantage as the market turns back up.
The Four Laws in a way reflect a view on what is happening around and outside the company. The Balanced Scorecard approach (bsc) suggests that the organization should consider its strategy with respect to four key dimensions, rather than only the Financial dimension. These dimensions are:
- Learning and growth and
- Internal processes
A downturn bsc forces a more holistic view of performance as organizations develop and review their strategic objectives, rather than just adopting a shedding-assets and cutting costs approach. Taking the right corrective actions in line with your recession scorecard means that the organization will be in the best possible shape once the recession passes.
Weaker competitors who do not adopt this downturn scorecard approach will either not survive or will have fallen back in their competitivity. The Chinese curse says, ‘May you live in interesting times’. Provided you take the right steps that curse can signal an opportunity.