The most common financial mistakes managers make In many organizations managers are not taught how to manage their budgets. In some cases managers are given budget responsibility but not budget authority. In these organizations it takes 5 levels of signatures to get a...
Why hire in the first place? Any employer hires for the same reason, they have a problem which needs to be fixed. When hiring, the best manager looks at three following factors: if the person has the ability to do the role, if the person has motivation to do the role,...
What is career development? Many organizations view career development in a typical way that a person will move up over time within a specific job ladder. Compensation guidelines are established to enable growth within these ladders. The better idea of career...
Do you look forward to your next meeting? If your answer is no, this does not surprise me. In over 25 years of managing, I saw many meetings which didn’t work. Either the wrong people were there to make a decision or the right people were there, but the meeting leader...
Why many teams don’t work well together Have you ever wondered why the team that you were on didn’t work very well together? Many teams originally were set up to fail. In sports, you build teams from individuals with best achievements. In business, we hear many times,...
What is the role of the leader? It really depends on the perspective of different stakeholders, what role of the leader is going to be. In general, the board, shareholders, and top management expect the leader to maximize profit. The employees, who work for the...
