Business Metrics
Finding Good Metrics for Business Success
Large organizations, with sophisticated management systems track performance measurements with a religious fervor. What about small businesses and individuals? Do they need and have these measurements of business success? Good metrics go beyond the traditional sales and profit figures from the financial statements. These are measurements of history or time passed. Good metrics measure the present and future trends. They indicate issues that can be addressed in the present, not issues that must recalled from the past.… Read the rest

Those who have studied successful leaders over the last 300 years or more have found certain traits successful leaders had in common that accounted to their achievements.
Successful leaders are individuals with high levels of personal power. Understanding the difference between personal power and granted authority is a significant distinction. Many people have the tendency to use the words authority and power interchangeably; however, these terms refer to two very different aspects of leadership.
Strategic Planning has always been a key leadership tool in the development of successful for-profit organizations. Its format and time scope may vary, but it serves as an important function in business success. It has helped many businesses focus their priorities on future growth and profitability.
It is often the case that a Board of Directors, whether it is for a Fortune 500 company or a local non-profit, has to recruit and evaluate candidates for the position of CEO or President. When asked what they are looking for during this selection process, the most common answer is leadership. But why do they look for a candidate with leadership skills and how do they determine if that candidate will be an effective leader. Most importantly, they are looking for a person who can accomplish tasks and achieve results. Let’s consider that way first and then two models for determining an individual’s leadership ability.…
Surveys of employees often ask what is the one attribute they look for in an effective leader. Trust always near the top of the list. Whether you are a manager, supervisor, salesman or team lead it is important to be trusted by those you deal with on a regular basis. Once that trust is lost, it is difficult to impossible to regained.Here are some suggestions on building and maintaining trust.…
There continues to be a great deal of focus on organizational culture and environment. Whether you are focusing on that issue for the first time or whether you are looking at changing or improving an existing culture, it may be wise to remember that, like the long journey which begins with one step, an organizational culture is the cumulative effect of individual attitudes, values, and standards. Changing or improving the culture begins with a focus on the individual.
Success in your career depends upon how well you manage your professional development. A prime source of this development comes from being a member of a professional association that relates to your career. As a member, you can attend conferences where you advance your skills and meet people who can help you.
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Nine out of ten managers and leaders tell us that they wish they could make better use of their time. They look for programs in what is called Time Management. We have found that what is really needed is not a management program, but an overall strategy in determining the goals to be achieved and how they can be integrated into our daily workday habit…
One of the greatest lessons in time management is to realize the difference between spending time and investing time. The dictionary defines spend as “to use up, exhaust, consume.” If you spend, you have no return. On the other hand, when we invest we “spend with expectation of some satisfaction, of obtaining an income or profit.”
Every morning I have a routine to start my day. I get up, brush my teeth, floss, rinse with mouthwash, shower and put in my contact lens. If for some reason that routine is disturbed, I might find myself later in the day wondering why I can’t see well. Have you ever found yourself leaving home and going in the wrong direction in your car because you are not going to work that day, but to a different destination. These are two examples of the habits that develop over time into routines.