|Human Resources Management (HRM or just HR), is basically a fancy term for "people”. At the most fundamental stage, your HRM team should know their roles: deal with hiring, firing, training, and interpersonal issues.
Beyond the basics, your human resources specialists should offer a slew of qualifications because they are in charge of one of the most important components of your company—your team.
Since his job is to fuse together the company’s competitive needs with the greater demands of the employees, the person to fill the HRM role would be someone who has a loyalty to you , is trustworthy, and believes in building a team filled with real people who have real values, like yourself.
The HRM’s objective, as stated by Schwind, Das & Wagar (2005), is this:
"Human resource management aims to improve the productive contribution of individuals while simultaneously attempting to attain... Read more »
|The main expenses in almost any business are payroll, employee benefits, and payroll taxes. So exclusively hiring the sort of people who, like you, will work harder and longer than the average employee will go a long way towards your ultimate success as a company.
When you are running a business, one of the most important tricks of the trade is effective communication among employees and management. You need to stay in touch with your staff and make sure the whole team is working diligently on your goals.
It’s important to communicate your ideas and feelings freely and regularly with the relevant participants at departmental meetings to help boost morale and advance the organization.
Think through what you want to accomplish and how it can best be done. Do not hold pent up frustrations simply because you feel a project moves too slowly or not as planned—just keep working on it.
All... Read more »
|The GROW model is probably the most common coaching model used in business. It was devised by Sir John Whitmore and described in his book Coaching For Performance.
It offers a way of structuring coaching sessions to facilitate a balanced discussion:
GOAL - defining what you want to achieve
REALITY - exploring the current situation, relevant history and likely future trends
OPTIONS - coming up with new ideas for reaching the goal
WHAT/WHO/WHEN - deciding on a concrete plan of action
In practice, since most coaching is driven by questions, this means that different types of question are used at each stage:
• GOAL - questions to define the goal as clearly as possible and also to evoke an emotional response.
‘What do you want to achieve? What will be different when you achieve it? What’s important about this for you?’
• REALITY - questions to elicit specific details of t... Read more »
|In the pursuit of brilliant ideas business owners should realize that to find a good idea it is only the beginning. As a matter of fact, to make business thrive on the permanent basis and experience whopping success business owner should consider the following tips :
1. Create product or deliver service which solves real problems
Period of downturn causes more problems which are unsolved and which require certain tools or services to be solved. It's a great time to create product or service which helps people meet their needs, solve their problems and make their lives better.
Quality surpasses quantity, suppliers of unique and valuable products have competitive advantage which enables them to outperform rivals and gain support from customers.
2. Build solid team
If you are intent to create a sustainable and viable business you should surround yourself with great people who w... Read more »
|As a business coach myself, you won’t be surprised to hear me advocate coaching as an effective approach to leadership. But there’s no one-size-fits-all approach when dealing with people, so it’s important to see coaching in context, to understand where, when and how it can be effective for leaders - and what the alternatives are.
In their well-known book Leadership and the One Minute Manager Ken Blanchard, Patricia Zigarmi and Drea Zigarmi present coaching as one of four basic leadership styles - Directing, Coaching, Supporting and Delegating.
They argue that managers need to be flexible in adopting... Read more »
|Many people, when they hear the phrase ‘business coach’ think of an external consultant. Yet managers can have a powerful influence on their teams and the organisation as a whole when they adopt a coaching style of management.
As a way of managing people, coaching differs from the traditional corporate ‘command and control’ approach in the following ways:
• collaborating instead of controlling
• delegating more responsibility
• talking less, listening more
• giving fewer orders, asking more questions
• giving specific feedback instead of making judgments
This is not simply a case of ‘being nicer’ to people - delegated responsibility brings pressure to perform and coaching managers maintain a rigorous focus on goals and results. The role of the manager-coach is very different to that ... Read more »
|All songs are improvised in the beginning. The musicians who create and perform this original content generally earn more than imitators do.
Similarly, those who develop a company or invent an industry are likely to be paid more for a longer duration than those who are copying them.
Certainly, you could successfully copy other people in business and improve on their products and services. But, to earn even more, it’s better to be the first to operate within your niche and then to remain the best.
If possible, you should be the first player to enter your industry; the first to invent the products, services, and processes that make your industry tick; the first person with access to the best employees; and the first with the best marketing ideas.
Unfortunately, you can’t have it all. Yet, as long as you are trying to get it all, y... Read more »
In 1999, Stanford graduate Charles Brewer, founder of the Internet provider MindSpring, attributed his success to "honesty, integrity, frugality and adherence to the Golden Rule [to be friendly, courteous, fair and compassionate – Do unto others as you’d have them do unto you].”
Creating and maintaining core values as Brewer has is essential to having the most cohesive organization and trustworthy brand. Moreover, expressing your values openly with your employees creates a sense of security, and this in turn will truly make your company more secure.
Avoid blaming external forces or people for problems that are in your own best interest to solve, irrespective of how they emerged. Blaming the economy will never help you, nor will bl... Read more »
|In order to thrive and boost sales today's companies tend to hire managers who are intelligent, prosper in building relationship with people and are willing to work in the team-based environment.
But although the upper mentioned qualities, the most important skills managers should possess are the following :
1. Vision and ability to identify consumer's needs
The 21st-Century manager should be able to perceive marketplace and determine the measures an organization must take to meet consumer's desires.
2. Ability to analyze and assess information to fix problems or grab new opportunities
The 21st-Century manager should be capable of determining the accuracy and value of information. Manager should "plunge beneath the surface" in order to reveal deeper or hidden meaning which can help identify critical issues and solutions.
3. Ability t... Read more »
|Suppliers regard Toyota as one of the most reliable and preferred customer among the auto manufacturers. The secret of Toyota's approach to supplier relations lies in the following maxims:
1. Toyota collaborates only with those suppliers who meet its requirements in terms of cost, quality and technology.
2. Toyota is willing to keep cooperation with those suppliers who are intended to establish long-term partnerships with the company.
3. Toyota expresses its commitment to the approach known as Kaizen. Kaizen means commitment to continuously improving performance. Toyota is never satisfied with status quo - suppliers should always work on doing things better.
4. Toyota prefers a team-based working culture and management is involved in all operational matters. Company monitors the performance of its suppliers and als... Read more »
|"Kaizen” is a Japanese approach to the workplace that has proven to be a famously effective Best Practices strategy with companies like Toyota and Sony, among others. "Kai” is defined as continuous improvement while "Zen,” a more familiar term, is loosely translated as for the better or "good.”
Therefore, kaizen is to make "continuous improvements for the good.”
Kaizen follows three principles:
1) process and results;
2)systemic thinking (the big picture);
3) non-blaming, because to blame is counterproductive and wasteful in practice.... Read more »
common skill that is essential for every senior executive lies in their
ability to recognize "chance" opportunities and seize them at the right
moment. But what does affect the capacity of top executives to make
solely right decisions ? Their past experience ? Certain knowledge in
the proper field? Or maybe other people's advice ?
research shows that most entrepreneurs, top executives and successful
people consider intuition as their secret weapon in decision making
process. Is it really true ? Ok, lets make insight into the opinions of
the successful and famous people:
1. OPRAH WINFREY
... Read more »