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Managing a Budget

There are two processes you need to be familiar with when managing a budget. First the management of their budget through out the financial year and second the compilation of a next years annual budget. This article talks about my own experiences of these processes and how I managed both aspects of managing a budget. By creating my own procedures for budget management it gav [...]

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SMART Goal Setting Worksheet

Setting goals that motivate people is not easy and requires effort and good judgment. Many people confuse goal setting with wishful thinking and you can see examples of this in organizational and departmental mission statements that are usually so vague as to be virtually meaningless. Some examples, taken from Fortune 500 companies, include: 'To achieve profitable growth t [...]

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Conference Call Etiquette

Conference calls are one of the most often cited pet hates of employees. Even though the technical problems associated with them are becoming less common, many employees find their motivation to participate and provide ideas are shut down by the impersonal and difficult to coordinate nature of these calls. As with all conversations, the behavior of others is greatly influenc [...]

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What are Assets and Liabilities?

Knowing the difference between an asset and a liability is important for every member of management, mostly due to the fact that these are both used when putting together a ‘Balance Sheet’ for the company. While you may not be an accountant or even in the accounting department, knowing the difference will make it much easier for you to understand the normal, day to day a [...]

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Preparing for a Competency Based Interview

Most competency-based or behavioral interviews will be between one-two hours long. The length of the interview will usually reflect the seniority of the post you are being interviewed for. The amount of industry or market knowledge you are expected to know will have a direct correlation to the level of position you are applying for. This includes your awareness of the organi [...]

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Free Management eBooks

Our free management eBooks cover everything from accounting principles to business strategy. Each one has been written to provide you with the practical skills you need to succeed as a management professional. Why not download one now for your PC, Mac, laptop, tablet, Kindle, eBook reader or Smartphone. Productivity Skills As a busy manager you need to squeeze more out [...]

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Recommended Business Analysis Books

Business analysis is the discipline of identifying business needs and determining solutions to business problems. Solutions may consist of process improvement, organizational change or strategic planning and policy development. Business analysis strives to improve efficiency, by: Investigating business systems, taking an holistic view of the situation. This may include e [...]

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Measuring Competencies in Performance Evaluation

One of the core driving factors of any organization is the competency level of its various team members. Each individual manager has a team of individuals that combine their knowledge and skills to produce the work required to achieve their assigned goals and targets. It is important to point out that competencies are distinct from goals. Goals are concerned with ‘what’ [...]

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What is a Boston Matrix

Organizations need to continually assess themselves, their offering and their performance to ensure that their strategy achieves their business objectives. Knowing how each analysis technique fits into the overall strategic planning process is essential. Being familiar with the language and terminology of the strategist enables you to make a valued contribution to the strate [...]

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Managing Project Scope

The key to successfully completing a project is having a clear definition of its scope from the start. That means defining the exact work that is required and then performing only that. In reality you are always faced with changing circumstances no matter how well you plan. Only by carefully controlling such changes will you avoid disruptions and delays. Planning Project Sco [...]

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How to Facilitate a Meeting

All successful meeting have a facilitator, who is recognised as the leader or chairperson. It is this person that keeps each item discussion focused and on track. They recognize who has a contribution to make and ensure everyone is given equal airtime. Even the most contentious issues can be dealt with constructively and resolved to everyone's satisfaction if the meeting fac [...]

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How to Prepare for a Management Personality Test

Any manager seeking to recruit a new team member is looking for the successful individual to have three qualities: Required skills and experience Motivation and enthusiasm Personality and attitude In situations where your personality closely matches that of the organization you will find it easier to be successful and content in your role. By using a simple [...]

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Business Meeting Agenda Template

In meetings do you find yourself asking: Why am I here? What is it trying to achieve? When will it end so you can do something meaningful? If you do, have you considered what causes you and others to have such attitudes? It comes down to ‘poor preparation’. When the individuals in a meeting begin to feel bored and lose interest, it is because the discussions a [...]

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Chairing a Meeting Effectively

Even the most contentious issues can be dealt with constructively and resolved to everyone's satisfaction if the chair controls the meeting well. On the other hand, a badly run meeting leaves all of the attendees feeling frustrated. How many meetings have you attended where it has become an exercise in tedium and futility, rather than being a productive use of your knowledge [...]

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The Gen-Y Workforce and Leadership

Building a team that can thrive, even in this time of worldwide economic recession is a challenging task, to say the least. While several factors go into creating a successful team, communication is the foundation upon which every great team is built. Failure to communicate will undermine even the most qualified team, company, or organization. Old School Leadership vs. Gener [...]

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Project Management Documentation List - Free Templates and Checklists

An essential part of any project is the written documentation that underpins its approval, communication and management. This project management documentation list contains all of the free templates you need to manage your project from inception to completion. It is essential that ideas and actions are explained accurately to all those involved during each stage of the project. [...]

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Improving Team Performance

Observing the behavior and interaction of your team will help you to improve team performance. In today’s economic climate no one can afford to lose productivity or competitiveness and responding to early warnings of reductions in performance is a key management skill. Teams are made up of human beings with feelings, emotions, strengths, and weaknesses. and understanding [...]

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Coaching in the Workplace

The best way is to encourage your team members to solve their own problems without having to refer back up to you is to create an environment in which this can occur. To achieve this objective your team must have the correct level of knowledge, skills and attitude to perform their role. One effective way to do this is through the use of coaching. Our Coaching Skills eBooks w [...]

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How to Overcome a Blame Culture at Work

One of the first lessons most people learn in childhood is how to take responsibility for their actions. Rather than blaming a misdeed on someone else, children are taught to accept the punishment for what they have done as part of living an honest life. While some children learn the lesson better than others, taking responsibility is a trait that all parents would like to have [...]

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SWOT: Strengths, Weaknesses, Opportunities and Threats

Do you know how you stand when compared to the competition? If not, you need a quick and easy way to analyze your competition. The SWOT analysis is the ideal tool as it quickly and easily identifies Strengths, Weaknesses, Opportunities and Threats (SWOT). Even though the knowledge identified is at a high level the SWOT analysis enables you to make more informed decisions and [...]

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