Management

Leadership is a difficult and challenging role that requires knowledge, skills, and abilities that must be honed and developed over time. In this article, we explore the six common characteristics that all effective leaders share.

A lot of people search ‘how to get rich quick’ on Google and Youtube, but let’s look at what we can actually learn from billionaire, businessman and entrepreneur, Bill Gates.

Risk management is becoming an integral part of businesses. This article looks at five tactics that businesses without a strong risk management strategy can consider and begin to implement during these uncertain times.

Briefly covers concepts related to the current ratio with a calculation example and explanation.

Cap tables are a critical part of building a new business on investment funding, but how do they work? And do you successfully manage them?

Using the Rasmussen safety model formulates a process to open a business without drifting into failure. The boundaries include safety, workload, and economy. Balancing among each will help the company function by using a hierarchy of controls to prevent movement into a critical area.

Preparation may be dull and seem time consuming when all you really want to do is dive into a project and start feeling like you've accomplished something. Read on to find out how to skyrocket your success with a few easy tips.

Women are underrepresented as CEO's of major corporations. In the U.S., we are yet to have a woman president. The proverbial glass ceiling seems to be a ubiquitous fixture within the halls of power. Given the opportunity, can women perform? Can they compete with their male counterparts?

Project management does not have to be on a grand scale and is not limited to big projects. You can use some of the information presented in my 3 Project Management Principles articles to develop a personal action plan.

Whenever we are at a crossroad, it means there is a choice. We must choose between two or more options. Making our own choices about what we do is important because it gives meaning to our life.

Planning is important to find the best course of action, clarify what needs to be done, check what is outside our area of expertise, and know how to delegate and set works for others.

In business and in everyday life people wield varying levels of power. Where does power come from and can you get more of it?

Employee theft is more common than you might realize. Here are some steps for handling situations in which a betrayal of trust impacts your small business, with tips to prevent and minimize future losses.

The minimum viable product (MVP) concept is highlighted in the book "The Lean Startup" by Eric Ries. Startups should get to know what a minimum viable product is, how to release it, and how to differentiate startups from established businesses.

If there's one entrepreneur who revolutionized technology in the millennial age, it's Steve Jobs. From starting Apple with Steve Wozniak back in 1976, to being ousted in 1985 and to making a triumphant return in 1997; there's a lot that can be learned from reading Isaaacson's classic.

When you get help for yourself and delegate work, you also give your team a great developmental opportunity. Even if you can do it all, do you really want to?

Although leaders have to be results-oriented, they can do this by exercising high level interpersonal skills that their team members adopt to further improve the organization. But to achieve success, a leader has to solve problems and make the tough decisions.

This article aims to provide a brief overview of design thinking, in particular, its definitions, principles, benefits, criticisms and application.

Leaders need to be able to think strategically and be creative in order to solve the complex problems of today. This will not only make them indispensable to their organization, but it will also allow them to anticipate oncoming challenges and make effective decisions.

Leaders need to provide purpose, direction, and motivation for the persons they lead. To do this, they must develop six foundational abilities: vision, social intelligence, level 5 leadership, decisiveness, consistency, and reflection.

Strategic leaders are able to transform an organization through vision, values, the culture and climate they create, and the systems they develop. A personal leadership model becomes invaluable to make a personal and organizational transformation.

As a manager, hоw саn you improve you and your team’s productivity while still saving time? Here аrе the tор 10 actions уоu саn take tо inсrеаѕе productivity.

Intrapreneurship is a buzzword often thrown around in several companies. While taking the initiatives and risks while having the security of being in an organization sounds exciting, one needs to watch out for this word for a few reasons. Here is why I am not an advocate of intrapreneurship.

​A high-profile lawsuit, an accounting scandal, an instance of workplace violence, or one of many other developments can have a devastating impact on a business or non-profit. It is critical that you plan for a variety of crisis scenarios and are as ready as you can be when one hits.

Over the years, certain academic methods have dominated management training techniques. This does not necessarily mean they work in practice.

There are a lot of misconceptions about how to determine the true value of long-term asset holdings. One method is life cycle costing, but many factors complicate that analysis. Here are some tips.

We all have seen the reports of firefighter deaths, and there is that little word, communication. Communication is vital to the fire ground and the success of a department, but what happens when it is used the wrong way, or even worse, overused?

In the building industry, a project manager must have the ability to collaborate and work harmoniously with clients, team members, and contractors. But it goes beyond that. What are the golden rules project managers must follow to ensure they complete projects in a timely and professional manner?

Learn about some women entrepreneurs who have gained success in the restaurant industry.

What are the limits of MRP systems? What are the weaknesses of ERP systems?

This article discusses the adoption of lean manufacturing by the United States and how these lean principles help to reduce costs and reduce wastes to enhance business performance. Three of the biggest lean applications adopted from the Toyota Production system are discussed briefly.

This article uses the launch of SpaceX and its payload of a Tesla Roadster as an example of brilliant marketing and branding.

Advice for women in a business world that's less than fair.

Motivating employees is vitally important for maintaining a productive workforce and minimizing staff turnover, but sometimes even the most experienced managers need some fresh ideas. This article lists 12 tips for maintaining high enthusiasm levels.

Here are some guiding principles for change agents that will help make your process improvement initiatives reliably successful. Change smarter, not harder!

Effective leadership is vital in any organization, but achieving the correct style for the challenges faced can be difficult. This article looks at ten common styles of leadership.

A capable team is essential for achieving successful business outcomes. However, teams are dynamic and there are a number of situations that can result in a team's demise. This article focuses on ten reasons why teams fail and how to deal with those situations.

Some people want to be the boss, while others strive to be leaders. So, what is the difference?

The South African born entrepreneur Elon Musk is known for founding the electric car company, Tesla Motors, and SpaceX, which launched a rocket that would send the first commercial vehicle to the International Space Station.

Whether you’re new to the role, or just looking for tips on how to be a better manager, here’s what you need to know to start improving your managerial abilities.

Learn how to effectively manage small groups of people, how to inspire them to work as a team, and create loyalty to your workplace.

Beimng a good leader on the fire ground takes more than being "the man" or "the boss". It takes knowledge and wisdom and a bit of common sense to boot.

To motivate employees and enhance business competence, reward and incentive systems are often utilized by business managers. This article analyzes the use of a reward and incentive system by McDonald's for the Australian market.

Organisations that have a respectful culture and understand decentralised power are the wave of the future.

This article is about counterproductive behavior, including how to recognize it and deal with it for the benefit of both the employee and employer.

If you've recently taken a new position as a supervisor or manager with hiring responsibilities, you need to know what to ask and what not to ask during the selection process. Here are the basics.

A thought leader is someone who influences a community, network, industry, or the public because of his or her expertise, knowledge, and experience in a particular field. But what does that mean?

This article shows you how to compute process capability using Minitab 18. You can read along or follow tasks with a provided Minitab file data. A short analysis of the data is conducted.

This article provides an in-depth analysis of proven strategies to increase gender diversification in the boardroom.

Turning problems into opportunities is an over-worn business tip. This is all the more testing when confronted by clients who seem to string you along. What to do? Here are some fresh strategies.