Effective Business Management
Question of the month: How is diligent planning important for effective management?
In June, our articles covered topics like improving business ethics, learning operational assessment, creating effective management and maximizing departmental communication. All these are important ingredients for successful business management.
Improving Ethics in Your Business
Corporate scandals in recent years have lead to a flurry of changes in how we conduct business at many levels. The federal government has increased regulations for companies producing financial reports through the Sarbanes-Oxley Act (SOX), and internally many companies have increased the responsibility of the Board of Directors in overseeing the managing executives.
Read more about improving ethics in your business…
Learning Operational Assessment to Improve Department Management
Taking over a department can be challenging. You can see the potential, but if the department was not well-managed in the past then it may be in disarray. Disorganization is only the start of the problems. The staff may be demoralized and unproductive, goals are not understood – let alone being met. How do you get things on track?
Read more about learning operational assessment…
Creating Effective Management Systems
When first taking a management position in an organization, it can be difficult to fully grasp exactly what your role is and how to fulfill it. The sad truth is that many of us have seen mostly negative examples of management and management styles, and few positive ones. Without proper role models it is difficult to step into those shoes.
Read more about creating effective management systems…
Maximizing Departmental Communication
We should all recognize the importance of good communication, but how good are we at executing and employing basic communication principles as managers? If any of your employees come into a performance review unsure of what is going to happen, then you should know you are not doing as well as you could.
Read more about maximizing departmental communication…
Using the right tools and methodologies is very important in business management. Regular communication with team members is as important as planning, executing and measuring action steps to effect improvement. Management is a system made out of interrelated sub-components and managing is all about balancing these components.
On That Note
Answer to this month’s question:
Planning is not about being perfect, but about being prepared for unexpected (or undesired) results. It is about making an effort to find the best way to achieve your goal while keeping an eye on what could potentially go wrong, and how best to address it. With a proper plan in place, you will not be surprised by a different outcome. Instead, you and your team will feel prepared and empowered to tackle the issues.
As the first step of the process approach (Plan-Do-Check-Act), planning sets the tone for what the end result will look like.
Please feel free to contact us with any questions or comments. Also, please let us know if you’d like any specific topic addressed in our future articles.
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