Decision-Making for Managers
Here, I describe how to calculate standard deviation manually & by using Microsoft Office Excel. More, I speak about the benefits of using this formula in business life & how to use it.
Why do we often say Yes when we really want to say No? It is a paradox that Jerry Harvey explored in his book, "The Abilene Paradox." This is an easy-to-understand synopsis of that paradox and why I believe it...
It is very important to manage working capital efficiently. This is important from the point of view of both liquidity and profitability. Even the most profitable business can quickly go under if it does not have...
We make decisions every day that affect our lives and the lives of others. These decisions may involve anything from deciding where to eat dinner to how to prevent a nuclear catastrophe. Some decisions, such as...
Common customer pet peeves that you will find in supermarkets, restaurants and other service establishments. Here are common pet peeves and other things that customers hate.
Tough decisions can be challenging. When there are pros and cons, you must decide which decision is most beneficial. This requires a careful analysis. A decision matrix is a great tool for this.
Every manager in an organization is a decision maker and for a long time, managers considered decision making a talent acquired through trials and errors. However, the business environment where business managers...
Corporations face many different risks when conducting business. The businesses that manage risk efficiently create a competitive advantage over others. The main aspect of risk management is to control the...
From my book, The Good Manager, published on lulu.com Paul Wallis The Good Manager Who do you think you are? The management culture, and how to avoid it Respect is a verb Business intelligence networks Ad hoc...
The core idea at the heart of lean management is flow. This is based on a profound understanding of the customer as the source and driver of demand.
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