By [http://ezinearticles.com/?expert=Shyamala_Sankaranarayanan]Shyamala Sankaranarayanan
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Monday 31 December 2012
Pricing - A Key to Create a Niche Market!
By [http://ezinearticles.com/?expert=Shyamala_Sankaranarayanan]Shyamala Sankaranarayanan
Friday 21 December 2012
Microsoft Excel 2010 for Beginners- A SUPER HI TECH COURSE from UDEMY, THE LEARNING PLATFORM OF THE CENTURY
Udemy has come out with a fantastic course on " Microsoft Excel 2010 for Beginners". Excel has become an inevitable entity in corporate business environment as each and every detail has to be recorded for tax and audit purposes. What more than a spreadsheet like excel will serve the purpose?
This particular course is a video tutorial and it teaches you how to invoke the power of excel by learning it from A to Z. An introduction from the course giver is presented for your better understanding.
Sunday 16 December 2012
Strategic Planning: It's All About Adaptive Leadership and Strategic Thinking
By [http://ezinearticles.com/?expert=Marty_Jacobs]Marty Jacobs
Strategic planning often gets a black eye in organizational life because it is so often a canned process that is forced to fit into a current situation. Teams of people engage in what is often characterized as navel gazing eventually producing a document that quickly gets shelved or worse, tossed. To many, it seems like a colossal waste of time and money with little relevance to the work at hand or to the strategic direction of the organization.
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Strategic planning often gets a black eye in organizational life because it is so often a canned process that is forced to fit into a current situation. Teams of people engage in what is often characterized as navel gazing eventually producing a document that quickly gets shelved or worse, tossed. To many, it seems like a colossal waste of time and money with little relevance to the work at hand or to the strategic direction of the organization.
Are You Distinctively Competent?
By [http://ezinearticles.com/?expert=Shyamala_Sankaranarayanan]Shyamala Sankaranarayanan
What is distinctive competence? How does it serve as a critical factor for a firm to outsmart its rivals? This is the topic for discussion. Distinctive competence is nothing but the unique capacity of a firm in terms of resources, behavior, strengths and synergy, in relatively or exceptionally large measures. It is the advantage a company has over its competitors, because it can do something that they cannot or it can do something better than they can.
What is distinctive competence? How does it serve as a critical factor for a firm to outsmart its rivals? This is the topic for discussion. Distinctive competence is nothing but the unique capacity of a firm in terms of resources, behavior, strengths and synergy, in relatively or exceptionally large measures. It is the advantage a company has over its competitors, because it can do something that they cannot or it can do something better than they can.
Saturday 15 December 2012
Advantages and Disadvantages of an Entrepreneurial Business Structure
By [http://ezinearticles.com/?expert=Mike_J_Kingsford]Mike J Kingsford
What is a business structure?
A business structure relates to how the business is organised with regards to who makes the decisions and instructs which part of the business. Often drawn as a diagram, it shows the relationship between decision maker(s) and different departments within the business.
The entrepreneurial business structure
In the entrepreneurial business structure, any decision that needs to be made is made centrally, either by one person or at head office, the results of which are then communicated to workers. This is the most 'rigid' of organisational structures, as workers have little to no say or input in the decision-making process, instead having to just follow any orders that are issued.
The entrepreneurial business structure is most commonly found in sole traders with just a few employees, or in organisations which have to make decisions quickly such as publishing where there is often precious little time available to discuss things in meetings when there is a deadline that has to be met. In this instance, somebody has to make a decision quickly without having to discuss or justify it.
For a sole trader, they are often the only owner of the business, and so what they say goes. Because they own it, nobody has the authority to block or delay their decision. Whilst many may invite advice from the people they employ, they will often have an idea in their minds already about what they would like done, and so will probably just make the decision straight away themselves.
Advantages of the entrepreneurial business structure
The main advantage of the entrepreneurial business structure is the ability to make decisions quickly. Without lengthy meetings and discussions, or proposals sat waiting for approval, decisions can be made pretty much instantly and changes put into place. This allows businesses to quickly adapt to any change in market conditions. It is also a leadership style which is used by governments in emergencies, with virtually all countries having laws in place which allow legislation to bypass parliament or equivalent bodies and be enacted when speed and response time is top priority.
Another advantage is that it is one of the least expensive business structures available, and in most cases will be the cheapest option. This is because there are no layers of middle managers to pay or maintain (e.g. company cars).
Thirdly, everybody knows who is in charge and who they are accountable to, removing the chances of confusion being created if different department heads asked for different things from workers (e.g. the head of the production department asks workers to improve the quality of the product by spending more time on each, at the same time as the head of the finance department asks for increased output to generate more revenue).
Disadvantages of the entrepreneurial business structure
Despite its advantages, there are a number of disadvantages to the entrepreneurial business structure.
Because of its autocratic nature, with workers being told what to do with no input on the decision, there is always a real danger of them losing morale and motivation if they strongly disagree with the decision. The extent of their discouragement will depend upon a number of factors such as how strongly they disagree, as well as the amount of explanation (if any) they get as to why that particular decision was made.
Those making the decisions may not know as much about the problem, market conditions etc. as they think they do. Whilst they make quick decisions, they are not necessarily the best decisions, and it may be better for the business to have a specialist manager in place who is an expert in a particular area.
It may also not be a suitable organisational structure if the business grows, as the decision makers have simply too many decisions to make. As stated earlier, decisions can be made quickly in an entrepreneurial business structure. But if there are so many decisions to be made causing delays as different employees wait for answers, it may actually be quicker to appoint a manager and delegate responsibility to them for making certain decisions.
Management Training Courses UK offer bespoke
[http://www.managementtrainingcoursesuk.co.uk]management training and scheduled management training courses including the [http://www.managementtrainingcoursesuk.co.uk/management_training/open_courses/first_line_manager.php]First Line Manager course for new managers who have had little to no formal training.
Article Source: [http://EzineArticles.com/?Advantages-and-Disadvantages-of-an-Entrepreneurial-Business-Structure&id=7305864] Advantages and Disadvantages of an Entrepreneurial Business Structure
What is a business structure?
A business structure relates to how the business is organised with regards to who makes the decisions and instructs which part of the business. Often drawn as a diagram, it shows the relationship between decision maker(s) and different departments within the business.
The entrepreneurial business structure
In the entrepreneurial business structure, any decision that needs to be made is made centrally, either by one person or at head office, the results of which are then communicated to workers. This is the most 'rigid' of organisational structures, as workers have little to no say or input in the decision-making process, instead having to just follow any orders that are issued.
The entrepreneurial business structure is most commonly found in sole traders with just a few employees, or in organisations which have to make decisions quickly such as publishing where there is often precious little time available to discuss things in meetings when there is a deadline that has to be met. In this instance, somebody has to make a decision quickly without having to discuss or justify it.
For a sole trader, they are often the only owner of the business, and so what they say goes. Because they own it, nobody has the authority to block or delay their decision. Whilst many may invite advice from the people they employ, they will often have an idea in their minds already about what they would like done, and so will probably just make the decision straight away themselves.
Advantages of the entrepreneurial business structure
The main advantage of the entrepreneurial business structure is the ability to make decisions quickly. Without lengthy meetings and discussions, or proposals sat waiting for approval, decisions can be made pretty much instantly and changes put into place. This allows businesses to quickly adapt to any change in market conditions. It is also a leadership style which is used by governments in emergencies, with virtually all countries having laws in place which allow legislation to bypass parliament or equivalent bodies and be enacted when speed and response time is top priority.
Another advantage is that it is one of the least expensive business structures available, and in most cases will be the cheapest option. This is because there are no layers of middle managers to pay or maintain (e.g. company cars).
Thirdly, everybody knows who is in charge and who they are accountable to, removing the chances of confusion being created if different department heads asked for different things from workers (e.g. the head of the production department asks workers to improve the quality of the product by spending more time on each, at the same time as the head of the finance department asks for increased output to generate more revenue).
Disadvantages of the entrepreneurial business structure
Despite its advantages, there are a number of disadvantages to the entrepreneurial business structure.
Because of its autocratic nature, with workers being told what to do with no input on the decision, there is always a real danger of them losing morale and motivation if they strongly disagree with the decision. The extent of their discouragement will depend upon a number of factors such as how strongly they disagree, as well as the amount of explanation (if any) they get as to why that particular decision was made.
Those making the decisions may not know as much about the problem, market conditions etc. as they think they do. Whilst they make quick decisions, they are not necessarily the best decisions, and it may be better for the business to have a specialist manager in place who is an expert in a particular area.
It may also not be a suitable organisational structure if the business grows, as the decision makers have simply too many decisions to make. As stated earlier, decisions can be made quickly in an entrepreneurial business structure. But if there are so many decisions to be made causing delays as different employees wait for answers, it may actually be quicker to appoint a manager and delegate responsibility to them for making certain decisions.
Management Training Courses UK offer bespoke
[http://www.managementtrainingcoursesuk.co.uk]management training and scheduled management training courses including the [http://www.managementtrainingcoursesuk.co.uk/management_training/open_courses/first_line_manager.php]First Line Manager course for new managers who have had little to no formal training.
Article Source: [http://EzineArticles.com/?Advantages-and-Disadvantages-of-an-Entrepreneurial-Business-Structure&id=7305864] Advantages and Disadvantages of an Entrepreneurial Business Structure
Saturday 8 December 2012
Planning and Forecasting!
PLANNING AND FORECASTING
PRINCIPLES OF PLANNING
The guidelines of principles of planning are as follows:
1. Principle of primacy of planning: As discussed earlier planning is the prime function of management and precedes all the other functions.
2. Principle of verifiable objectives: The objectives set must be clear, achievable and verifiable in order to attain a feasible management model.
ATTITUDE IS EVERYTHING
“You should be fired with enthusiasm or else
You might be fired with enthusiasm”
You might be fired with enthusiasm”
is the moral of Attitude Management.
Attitude is the dispositional character inbuilt within an individual influenced by circumstances. You may be cheery, bubbly, energetic, pleasant, warm, breezy or rude, impolite, depressed, lethargic and dull. How does that bother you? Is that your question! Well, then I need to apprise you about the importance of attitude management that has a great influence on your lifestyle and personality.
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