Organizational Promotions – The Managers of Tomorrow
The people decision process is the control an organization has in whether its vision is being executed as well as achieving high performance.
Having mission statements and core values posted across the walls is irrelevant unless the actions towards the people align with the organization’s core vision.
Delivering a message emphasizing the importance of attaining new markets falls short when the company promotes an associate that is focused on retaining older clients but moves up due to “long tenure”.
Entrepreneurship – The Market Defining your Product
Every business starts with a hint of entrepreneurism. A product gets released into the market; it can be physical like clothing, or a service such as raising money to help children go to school. In any case, any organization needs to be jumpstarted by an entrepreneur that comes up with an idea and effectively executes it for the market; for anything less is a hobby.
A common misconception is entrepreneurs failing on their ventures because "there was no market created for it" or "someone else got there and took the market from us". The problem is not the consumer and the market; the problem lies in the producer and lack of awareness of the market.
Effective Management – The Environment of Time
“Time is the scarcest resource and unless it is managed nothing else can be managed.” – Peter Drucker
Time has been a resource that we have unlimited amounts of yet we never seem to have enough of. In management this is especially true, as everyone has equal amounts of time but the variation is how well a manager utilizes their time.
Managers tend to look at time as an object that is always against them; that enemy in the dark that can drain the life out of the day or increase the risk of a project delay. Executives and managers need to look at time as an environment that can be shaped, not as an object to be “handled” or “moved” into different places.
Effective Communication – The Speed, Quality and Cost Triangle
Effective communication is critical to the success of any organization today. Executives and managers especially need to develop their communication skills in order to pass key messages along and influence others to act upon them.
While organizational communication has been discussed in multiple business books released today, authors tend to miss on why leaders don’t tend to communicate effectively in their organizations.
Peter Drucker the father of modern management has always stated that communication is what the listener does. Whether we believe that we have communicated effectively is irrelevant, it is on how the message is passed to the receiver.