Monthly Archives: August 2010 - Page 3

Quote | Dependability

Posted by on August 17, 2010 No comments

 

“Fear not those who argue but those who dodge.” – Wolfram Von Eschenbach

About Wolfram von Eschenbac: Wolfram von Eschenbac was a German knight and poet, regarded as one of the greatest epic poets of his time. As a Minnesinger, he also wrote lyric poetry.

Wolfram is best known today for his Parzival, sometimes regarded as the greatest of all German epics from that time. Based on Chrétien de Troyes’ Perceval, le Conte du Graal, it is the first extant work in German to have as its subject the Holy Grail. In the poem, Wolfram expresses disdain for Chrétien’s (unfinished) version of the tale, and states that his source was a poet from Provence called Kyot.

Three Types of Management Style

Posted by on August 17, 2010 No comments

Command

Command decision making is the traditional top-down, hierarchical management model. It is effective when processes or products are similar to previous examples and when management has knowledge and experience that lower-level staff does not. It is efficient but can be ineffective when you are trying to change a process or product. In addition, in a large, highly layered organization, command decisions by upper management may seem irrelevant to lower-level employees. The team morale might do down when you apply this method too frequently.

Democratic

Majority of those most directly affected by the decision makes democratic decisions. Voices that might otherwise be unheard are allowed into the decision making process, but it can be inefficient, cacophonous, and confusing.

 

 

 

 

 

Consultative

Consultative decision making hybridizes the preceding models. It is an authority-based model in which managers solicit input from the affected before making decisions. It is valued for allowing diverse voices into the process while yielding clear, final decisions for which one party is accountable.
A manager may use all three types, switching from one to another depending on the situation.

Source: 101 things I Learning in Business School by Michael W. Preis with Matthew Frederick

 

    
 

 

 

Quote | Self management

Posted by on August 16, 2010 No comments

“Whether you prevail or fail, endure or die, depends more on what you do to yourself than on what the world does to you. “—Jim Collins

About Jim Collins: James C. “Jim” Collins, III (born 1958, Boulder, Colorado) is an American business consultant, author, and lecturer on the subject of company sustainability and growth. Jim Collins frequently contributes to Harvard Business Review, Business Week, Fortune and other magazines, journals, etc. He is also the author of several books: How the Mighty Fall: And Why Some Companies Never Give In, Built to Last: Successful Habits of Visionary Companies, and Good to Great.

Quote | Commitment

Posted by on August 16, 2010 No comments

“Ordinary people with commitment can make an extraordinary impact on the world.”– John C. Maxwell

About John C. Maxwell: (born 1947) is an evangelical Christian author, speaker, and pastor who has written more than 50 books, primarily focusing on leadership. Titles include The 21 Irrefutable Laws of Leadership and The 21 Indispensable Qualities of a Leader: Becoming the Person Others Will Want to Follow. His books have sold more than thirteen million copies, with several on the New York Times Best Seller List and translations in over fifty languages. In 2003, he was honored by the State of Indiana for his lifelong mission in helping individuals develop as leaders, for his prolific authorship, and for the founding of EQUIP

What causes cash flow problem?

Posted by on August 15, 2010 No comments

Cash is the oxygen of the organization.

Here are some common causes and solutions of cash flow problems in small business:

  1. Lack of Payment Term Discounts
    If you deliver product or service without upfront payment, it reduces your cash reserve. Always offer customers discount in order to encourage them to make their payments quicker to receive a discount. Always ask the question “is my actions adding cash or burning cash?”
  2. Lack of Tracking
    You cannot achieve success in business without tracking result. Work with a software vendor to track the areas of business (i.e. inventory management, supply ordering, and procurement) where you can improve cash flow to reduce waste and improve turnaround times.
  3. Failure to Perform Credit Checks on new clients
    Never do business with a new client without checking their credit. This way you will avoid an untimely payment or a payment default from a business with a poor credit history.
  4. Slow Product or Service Turnaround Times
    Shorten the delivery times of products or services to customers to maximize the level of potential profit.
  5. Taking Cash Instead of Credit
    Change business structure to where your only methods of payment are credit cards or online banking systems to decrease the wait time for business payments by check.

Summary


Quote | Goal setting

Posted by on August 13, 2010 No comments

“It’s never too late to be who you might have been.”– George Eliot

About George Eliot: Mary Anne (Mary Ann, Marian) Evans (22 November 1819 – 22 December 1880), better known by her pen name George Eliot, was an English novelist and one of the leading writers of the Victorian era. She is the author of seven novels, including The Mill on the Floss (1860), Silas Marner (1861), Middlemarch (1871–72), and Daniel Deronda (1876), most of them set in provincial England and well known for their realism and psychological insight.

 (From Wikipedia)

NetCom and Sarder Scholarship Featured on NY1 News

Posted by on August 9, 2010 No comments

See NetCom CEO Russell Sarder discuss the value of IT certification, NetCom’s philosophy of lifelong learning, and learn about the Sarder Scholarship, a monthly $2,500 award for driven students seeking to begin or advance their career in IT.