Wednesday, November 30, 2011

20 Organization Survival Stragies for difficult economic occasions

Is there room for business failure? Failing as a business manager is not a one day event. This means that you need to know where the business is going or otherwise the business vision.

Dealing With Business Failure


The definition of a small business will obviously vary by industry and, more importantly, it may depend on the business owner’s personal assessment. Regardless, you can find out the classification of your business as defined by the Small Business Association (SBA) by going to www.sba.gov20 Business Survival Strategies1. Schedule Weekly Budget Meetings. Are the employees (especially Senior Managers) objectives aligned with company goals (i.e. increase sales, reduce expenses, improve customer service)? Even taking an extra 5 days per month on a base of business valued at $1 million annually can earn your business extra interest of over $3,000, after taxes. That’s real money!






















If you are on a weekly payroll cycle, consider moving to bi-weekly. If you are paying bi-weekly, consider moving to semi-monthly (15th and 30th). You can reduce payroll processing costs which can be significant especially if you have a fairly large employee base.

Discuss things like…putting extra cash in Money Market accounts, CD’s etc. See if you can move your operating account to an interest bearing checking account. Pay bills electronically and offer direct deposit for your employees to reduce any check writing fees. Trim your travel budget (if you still have one). Renegotiate contracts. Take advantage of the economic downturn. Tax strategies. If you invest a lot in equipment and are incurring high business equipment taxes Explore states with business-friendly tax codes. Business losses and write-offs may also result in your business qualifying for various tax breaks and deductions. Budget for “reserves”. Incorporating the “reserve” account as an “expense” item is simply good business policy.

If you haven’t spoken to your Insurance Rep in a while, now would be a good time. Incentivize your employees when they discover these errors. For example, if they recover monies, split it with them. Again, get ideas from your employees.

People remember this stuff. Those people are potential customers or good referral sources. Even if you are a “Mom and Pop” type businesses, consider paying one of your tech savvy employees 15 or 20 cents extra a week to post updates and monitor these sites for you if you do not have the “know how.”

Part-time and Independent Contractors. Finally…be honest with employees. If you do have to resort to laying them off, they will understand even if it hurts.

Friday, November 18, 2011

The Impact of Values in a Cross Cultural Business Context

The Impact of Values in a Cross Cultural Business Context

Formalizing and spreading the corporate culture is a precondition to cope with environment turbulences.

Corporate culture and corporate project.

Corporate culture comprises values, beliefs, hypotheses, experiences, taboos, heroes and of course the history of any given organization. A corporate project is a sort of charter which content is shared by the majority of the workers and groups and that controls the way they interact with each other and with third parts outside the organization. Built on the Cultural Identity of the organization, it is defined as getting "the response of the organization towards the environment complexity and turbulence".

Four essential parts constitute the corporate project:

The assigned objectives of the business,
The robust main values its members share and rely on to accomplish the goals,
The appropriate policy which is to be implemented,
The challenges.

The corporate culture, on a regular basis adapted to the changes of the atmosphere by the Top-Management contributes significantly to employee motivation and therefore turns companies into consumer focused organizations (ISO 9000 Standards, Enterprise Process Reengineering, New Details Technology, strategy organizing...).

Crucial aspects are the continuous assessment of the level of motivation and expertise on the basis of systematic employee audits, training, and improvement of managerial and leadership competencies.

So the kind of data needed, how it circulates, and what information is shared with whom, commonly reflect cultural values, beliefs, hypotheses for hierarchy, formalization, and level of participation.

Organizations procedure facts in order to communicate plans, budgets, rules, procedures, instructions and to coordinate across their structures and units to make activities function and to get assigned objectives reached. The Leading Management receives in return the feed-back by the indicates of reporting procedures.

Informal Culture and Atmosphere Alterations

It takes place that organizations are perceived as social systems based on relationships, so facts may not be simply shared because it is regarded as as personal, not public it circulates by way of individual connections. According to an interviewed manager belonging to those compartmentalised corporations that are tightly structured as properly as vertically than horizontally, "Information which is widely distributed is useless". Fortunately for them, thanks to the advent of the new facts technologies and the progress in management strategies, the majority of them had to elaborate corporate projects on the basis of cultural diagnoses stressing the robust shared values leading to participative and effective management this was a precondition to implemented High quality Management Program in accordance with ISO 9001 normal (stressing the significance of communication) and Information Systems. Managers belonging to those compartmentalised organisations who haven't undertaken any cultural and managerial modifications kept encouraging information and facts as a source of energy, and consequently not conveniently created readily available to the concerned actors.

That is why informal communication assumed consider¬able significance in those organisations, with a negative impact on the assigned strategic objectives. A survey in an financial magazine discovered that data was far more most likely obtained from rumours than from one's immediate boss.

Informal communication had been compensating for the centralized, formalized, and limited participative nature of info flows.

To day that we are witnessing the development of new behaviours, attitudes and methods of running corporations, managers are less tolerant of uncertainty, spend extremely attention to formalised structure (defining responsibilities and authorities) and hierarchy and do insist on a communication method. Communication patterns are a lot significantly more open but formalised in detailed communication plans, including internal and external communication. Given their view of organizations as instrumental rather than socio-political, their respective policies aim to shared and comprehensive informa¬tion with every person who has an interest in it. Details is organised to be put to use its value is instrumental, not social.

This modify is due to the revolution in computing and communication that has induced a technological progress and use of information technology, so let's bet that it will continue at a rapid pace.

For countless years, scholars in organizational behaviour have attempted to demonstrate the link in between an organization's culture and its performance. It has been argued that the achievement of an organization's technique depends, to a significant extent, on the culture of the organization.

One standard factor that drastically influences several of the organizational aspects that boost performance and boost productivity is the widely shared and strongly held values that underlie and define an organization's culture.

Japanese Managers facilitate communication at all levels both within and outside the organization. The adaptability of Japanese companies (due to their ancestral culture) is sometimes attributed to this cross-boundary, open flow of details. By canalising the informal exchange of details, and practicing the "Good quality Management Circles", Japanese firms can create and leverage knowledge and produce the concept of "ongoing improvement".

Most of the successful corporations assign a high priority to recognizing individual efficiency and promoting the systematic development of their workers. For many years they have employed a leadership dialogue for this purpose, which permits personnel to anonymously assess the leadership skills of their supervisors and subsequently engage in a constructive dialog.

Managers with the personality to motivate a team of staff are a important factor in the success of any given provider. The company makes use of a range of tools and methods to identify and foster the potential of future managers. A code of teamwork and leadership defines the framework within which managers should really operate and gives them clear guidelines for decision-generating. The "Management Competencies Assessment" serves to promote professional development.

Cross-cultural communication

Throughout the last decades there has been an escalating interest in the impact of culture differences on development and use of details and communication technologies. The globe has moved towards global markets with interactions in between members of several cultures. In reality, global activities are facilitated and supported to a big extent by present communications and info technologies. So it is crucial to comprehend the impact of cultural differences on these activities.

The preconditions to powerful cross-cultural communication are analysis and comprehension of what characterizes every of the interlocutors' own culture and adjust one's arguments and behaviour appropriately it is significant that many people have a concise thought on the cultural values according to diverse aspects.

There can be communication only when six elements interact: the transmitter, the receiver(s), the message, the linguistic code, the channel and the cultural referent. Most of us recognize particularly commonly that when there is a situation of cross cultural communication, communication is altered for the reason that the interlocutors neither share the same linguistic code nor possess the similar cultural referent.

Wednesday, November 16, 2011

Business Turnaround: An Overview of How to Best Enhance Your Company’s Finances

Business Turnaround: An Overview of How to Best Enhance Your Company’s Finances

A prosperous home business turnaround requires the owner to take particular steps to become a lucrative enterprise.  By taking the following actions, you can reorganize your corporation and produce positive cash flow.

 1. Great decision creating requires a stable environment.

In order to transform your company into a even more lucrative enterprise and accomplish a company turnaround, you must take action and stabilize the circumstance.  In doing so, you will have the opportunity to make very good choices that benefit your firm.  It is important that you develop and then maintain a positive cash balance otherwise, your home business can fall into significant debt from which it will never ever recover.  This kind of money management will keep your small business alive as you make decisions that influence your provider in the short and lengthy term. 

2. Discover the root cause of your company’s concerns.

You will not achieve a organization turnaround without identifying and then repairing the challenges your provider faces.  You should cautiously study why your home business has monetary problems and use comparative economic analysis when generating this determination.  It may perhaps be your expenses are too excessive when compared to income.  Possibly an unexpected competitor has taken some of your sales.