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Actual for You - The Top Ten Management Failures
Burgers and Bulldozers: New Franchise Roundup or nothing that can be measured objectively.With hundreds of new franchise concepts being started every year, it is nearly impossible to keep track of the freshest ideas. Here is an update of two new franchises and how they have fared in their first several months of franchising.The Counter - No, this isn’t just another fast food hamburger joint. Besides serving hamburgers, The Counter has as much in common with your local McDonalds or Wendy’s as the World Cup has to do with your child’s weekend soccer game. First opened in Santa Monica in 2003, this trendy update to the classic burger joint serves its burgers with any combination of 10 cheeses, 26 toppings, and 17 sauces. So, go ahead and order No performance management: Not measuring the performance of people, financial and physical assets and intellectual property is okay if your organisation finds it almost impossible not to make money or deliver the services that your customers require within your budget. Inappropriate leadership style: A command and control style of leadership in an organisation which requires creativity is bound to fail. Equally, a laissez-faire leadership style in the military or police force would be equally disastrous. Leadership needs to be appropriate not only to the organisation, but also the circumstance. Organisations succeed at times despite these management failures, but they do not thrive. They are unable also to withstand the pressure of adversity when the environment in which they operate turns against them. These are common failures in big organisations that by their sheer size forget what t Limited Liability Corporation Over the past month I have been reflecting on the topic of organisational management. I am surprised by the number of organisations that survive perhaps through the benefit of their size or monopolistic position even though they exhibit some of the very worst management traits I've experienced.A limited liability corporation refers to a business unit that has acquired a unique legal structure. It is different from other forms of business structures, like sole proprietorships, partnerships and corporations. It provides the advantages of a partnership or corporation, while being shielded from the disadvantages of these business structures. It is thus a distinct legal business entity, which has risen from a cross between a partnership and corporation. The concept has been around for a long time but it is new to the United States. It is available now in all 50 states in United States, as well as other Anglophone countries. There may be differences, how Some corporations like Enron, HIH and WorldCom do fall by the wayside, whilst others continue on in mediocrity. Organisations that are shaken up by a leader with a true vision for the organisation inevitably experience a degree of pain that could have been avoided had previous leaders not exhibited one of the following top ten management failures. Misdirected goals: Leaders sometimes espouse a mantra about what to do because it is fashionable without actually collecting and analysing data and then developing goals based on real information. Corporate history is littered with examples. The internet boom gave history thousands of companies that spent billions of dollars on internet plays without understanding how customers would react to online experiences and in what time frames. Cost cutting for cost cutting's sake is another favourite. Leaders have to be seen to be tough on costs, and so they are but at times at a cost to what drives their business profitability. Phoney leadership: Leaders who continually say one thing and do another confuse their subordinates to the point of distraction. They rob organisations of morale and direction. They know the right words and tend to love using lots of them, but nothing ever seems to transpire that demonstrates the words as being anything other than hollow. They are not to be trusted and should be shown the way to the door by boards as soon as possible. Poor performance management: Leaders who preside over performance management systems which degrade into rituals preside over an organisation which is destined for mediocrity. When performance management systems do not objectively differentiate poor performance from good performance, the majority of employees will perform only to level that does not require too much effort. Performance appraisals which are partisan, based on hearsay, or just plain uninformed are of no use to an organisation and should be stopped. It is better to have no performance management system than a severely flawed one. Silo mentality: Allowing management silos to develop and continue to operate is a sure way of reducing efficiency as separate teams chase separate goals competing for what should always be limited resources or chasing the same goal with duplicated resources. Lack of control: Organisations which delegate responsibility routinely to people or functions that do not have the appropriate competence or data from which to make decisions, and then compound it by not measuring the performance of the processes, are rightly bound for failure. This is not delegation. It is abdication. Too many goals: A Chinese proverb holds true in organisations: "If you chase two rabbits, both will escape." To achieve one significant goal is a difficult task. It requires good strategy aligning people, processes and objective measurement of performance against the goal. Chasing two or three, or in many cases, four or more goals makes it too difficult to make the alignment and be objective about measurement of performance against the goal. Excess of control: Leaders who insist on controlling everything at all times are at best likely to leave the organisation with an ineffective team unable to make decisions upon their departure. At worst they will build a sycophantic team of "yes" men or women running an inefficient organisation No goals: Not having a goal or having a nebulous goal such as "World's best practice", at least makes it easy to claim to have achieved the goal. That is, nothing or nothing that can be measured objectively. No performance management: Not measuring the performance of people, financial and physical assets and intellectual property is okay if your organisation finds it almost impossible not to make money or deliver the services that your customers require within your budget. Inappropriate leadership style: A command and control style of leadership in an organisation which requires creativity is bound to fail. Equally, a laissez-faire leadership style in the military or police force would be equally disastrous. Leadership needs to be appropriate not only to the organisation, but also the circumstance. Organisations succeed at times despite these management failures, but they do not thrive. They are unable also to withstand the pressure of adversity when the environment in which they operate turns against them. These are common failures in big organisations that by their sheer size forget what th Accounts Receivable Jobs lars on internet plays without understanding how customers would react to online experiences and in what time frames.Accounts Receivable Factoring is a process by which a small business sells its invoices at a discounted rate to a financing company. The business gets the cash required for the smooth flow of the business. It then becomes the responsibility of the financing company to collect the payments. Also, the company collects the payment at the face value of the invoices. Collecting cash is no easy task, and the company needs to provide services such as customer care, maintaining records and collecting payables. Therefore, the Job profiles of people working in these companies vary.First of all, these companies offer positions for Account Receivable billing anal Cost cutting for cost cutting's sake is another favourite. Leaders have to be seen to be tough on costs, and so they are but at times at a cost to what drives their business profitability. Phoney leadership: Leaders who continually say one thing and do another confuse their subordinates to the point of distraction. They rob organisations of morale and direction. They know the right words and tend to love using lots of them, but nothing ever seems to transpire that demonstrates the words as being anything other than hollow. They are not to be trusted and should be shown the way to the door by boards as soon as possible. Poor performance management: Leaders who preside over performance management systems which degrade into rituals preside over an organisation which is destined for mediocrity. When performance management systems do not objectively differentiate poor performance from good performance, the majority of employees will perform only to level that does not require too much effort. Performance appraisals which are partisan, based on hearsay, or just plain uninformed are of no use to an organisation and should be stopped. It is better to have no performance management system than a severely flawed one. Silo mentality: Allowing management silos to develop and continue to operate is a sure way of reducing efficiency as separate teams chase separate goals competing for what should always be limited resources or chasing the same goal with duplicated resources. Lack of control: Organisations which delegate responsibility routinely to people or functions that do not have the appropriate competence or data from which to make decisions, and then compound it by not measuring the performance of the processes, are rightly bound for failure. This is not delegation. It is abdication. Too many goals: A Chinese proverb holds true in organisations: "If you chase two rabbits, both will escape." To achieve one significant goal is a difficult task. It requires good strategy aligning people, processes and objective measurement of performance against the goal. Chasing two or three, or in many cases, four or more goals makes it too difficult to make the alignment and be objective about measurement of performance against the goal. Excess of control: Leaders who insist on controlling everything at all times are at best likely to leave the organisation with an ineffective team unable to make decisions upon their departure. At worst they will build a sycophantic team of "yes" men or women running an inefficient organisation No goals: Not having a goal or having a nebulous goal such as "World's best practice", at least makes it easy to claim to have achieved the goal. That is, nothing or nothing that can be measured objectively. No performance management: Not measuring the performance of people, financial and physical assets and intellectual property is okay if your organisation finds it almost impossible not to make money or deliver the services that your customers require within your budget. Inappropriate leadership style: A command and control style of leadership in an organisation which requires creativity is bound to fail. Equally, a laissez-faire leadership style in the military or police force would be equally disastrous. Leadership needs to be appropriate not only to the organisation, but also the circumstance. Organisations succeed at times despite these management failures, but they do not thrive. They are unable also to withstand the pressure of adversity when the environment in which they operate turns against them. These are common failures in big organisations that by their sheer size forget what t Are You Guilty Of Interruption Marketing? nt systems do not objectively differentiate poor performance from good performance, the majority of employees will perform only to level that does not require too much effort.You muted the commercials on the TV last night because you were fed up with interruption marketing. Ditto if you went through your mail to find most of it is junk. Ditto again, if a stranger phoned you (usually at dinner time) asking you to answer a survey, or give to yet another worthy cause.Interruption marketing does just that. It interrupts you, and steals your time.And it is the darling of mass marketing, which is the child of the mass media, which was born in the 19th century with large circulation newspapers, and thrived in the 20th with radio, TV, and the international media.Now, it's overkill. People ignore it Performance appraisals which are partisan, based on hearsay, or just plain uninformed are of no use to an organisation and should be stopped. It is better to have no performance management system than a severely flawed one. Silo mentality: Allowing management silos to develop and continue to operate is a sure way of reducing efficiency as separate teams chase separate goals competing for what should always be limited resources or chasing the same goal with duplicated resources. Lack of control: Organisations which delegate responsibility routinely to people or functions that do not have the appropriate competence or data from which to make decisions, and then compound it by not measuring the performance of the processes, are rightly bound for failure. This is not delegation. It is abdication. Too many goals: A Chinese proverb holds true in organisations: "If you chase two rabbits, both will escape." To achieve one significant goal is a difficult task. It requires good strategy aligning people, processes and objective measurement of performance against the goal. Chasing two or three, or in many cases, four or more goals makes it too difficult to make the alignment and be objective about measurement of performance against the goal. Excess of control: Leaders who insist on controlling everything at all times are at best likely to leave the organisation with an ineffective team unable to make decisions upon their departure. At worst they will build a sycophantic team of "yes" men or women running an inefficient organisation No goals: Not having a goal or having a nebulous goal such as "World's best practice", at least makes it easy to claim to have achieved the goal. That is, nothing or nothing that can be measured objectively. No performance management: Not measuring the performance of people, financial and physical assets and intellectual property is okay if your organisation finds it almost impossible not to make money or deliver the services that your customers require within your budget. Inappropriate leadership style: A command and control style of leadership in an organisation which requires creativity is bound to fail. Equally, a laissez-faire leadership style in the military or police force would be equally disastrous. Leadership needs to be appropriate not only to the organisation, but also the circumstance. Organisations succeed at times despite these management failures, but they do not thrive. They are unable also to withstand the pressure of adversity when the environment in which they operate turns against them. These are common failures in big organisations that by their sheer size forget what t Earn More Than $54000-More Than You Do Now Over The Next 5 Years! elegation. It is abdication.Ladies and gentlemen.If you are like most people, you are finding it more difficult to pay your bills as easily today as you did a few years ago. After all, gas prices are much hire. Commuting costs are higher. Food prices are increasing. Health, life and auto insurance costs are increasing. The cost of you morning coffee is higher. Lunch at your desk costs more. Your morning newspaper costs more.And your salary is increasing by 4 or 5% per year.Do you want to increase your earnings by more than $54000 over the next 5 years?If you answered yes, the way to do this is to change jobs once for a $10000 raise and get a 4% raise each yea Too many goals: A Chinese proverb holds true in organisations: "If you chase two rabbits, both will escape." To achieve one significant goal is a difficult task. It requires good strategy aligning people, processes and objective measurement of performance against the goal. Chasing two or three, or in many cases, four or more goals makes it too difficult to make the alignment and be objective about measurement of performance against the goal. Excess of control: Leaders who insist on controlling everything at all times are at best likely to leave the organisation with an ineffective team unable to make decisions upon their departure. At worst they will build a sycophantic team of "yes" men or women running an inefficient organisation No goals: Not having a goal or having a nebulous goal such as "World's best practice", at least makes it easy to claim to have achieved the goal. That is, nothing or nothing that can be measured objectively. No performance management: Not measuring the performance of people, financial and physical assets and intellectual property is okay if your organisation finds it almost impossible not to make money or deliver the services that your customers require within your budget. Inappropriate leadership style: A command and control style of leadership in an organisation which requires creativity is bound to fail. Equally, a laissez-faire leadership style in the military or police force would be equally disastrous. Leadership needs to be appropriate not only to the organisation, but also the circumstance. Organisations succeed at times despite these management failures, but they do not thrive. They are unable also to withstand the pressure of adversity when the environment in which they operate turns against them. These are common failures in big organisations that by their sheer size forget what t A Great Sales Technique: Be Aware of Sales Myth #5 or nothing that can be measured objectively.A myth can best be described as somebody or something whose existence is or was widely believed in, but is in reality fictitious. Based on this description I have created a series of articles entitled: Sales Myths. Here is one of them.Sales Myth: People with the greatest “gift of gab” make the greatest salespeople.Belief: Our ability to talk clearly and present powerfully is the most important factor in getting people to buy.Problem: You’re a good, or maybe a great presenter. Qualified prospects seem to be impressed with your presentation, but are not moved to buy.Solution: Stop telling your prospects the reasons they should buy yo No performance management: Not measuring the performance of people, financial and physical assets and intellectual property is okay if your organisation finds it almost impossible not to make money or deliver the services that your customers require within your budget. Inappropriate leadership style: A command and control style of leadership in an organisation which requires creativity is bound to fail. Equally, a laissez-faire leadership style in the military or police force would be equally disastrous. Leadership needs to be appropriate not only to the organisation, but also the circumstance. Organisations succeed at times despite these management failures, but they do not thrive. They are unable also to withstand the pressure of adversity when the environment in which they operate turns against them. These are common failures in big organisations that by their sheer size forget what they are there for and what their goals are. Strong leadership with a clear well-communicated goal and a performance management system that objectively measures actual performance and determines corrective action are a must. In today's competitive environment, for big and small organisations alike, survival depends on it.
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