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Atricle Dump - New Perspectives on Tough Strategic Decisions
A 27 year old manager named Justin who attended my seminar at the University of Wisconsin asked why his employees didn’t accept his authority, even though he had been given the official title of General Manager. He was taking over a trucking company from his father and thought it was because of his age, or the fact that his father founded the company. It was neither. Bill Ford’s great grandfather, Henry Ford, founded Ford Motor Company. Yet Bill’s employee’s accept his authority regardless of his family ties. Bill Gates was a teenager when he co-founded Microsoft, yet his employees accepted his authority regardless of his age.Justin’s employees didn’t accept his authority because while he was a manager, he had not yet become a leader. The title of management can be given to anyone regardless of qualification,
Western culture views opposin
Communicating is a constant in all negotiations; in all interaction for that matter. Understanding the dynamics of effective communications to settle conflict is an important aspect of managing the negotiation process. The challenge to communications during any conflict situation is that listening is typically impaired. Those involved, even when they do listen, are not apt to hear what is being said. To reach an accord the parties need to be able to communicate with each other. The first rule of any negotiation is to open channels of communication.Communication concepts are important to understanding human interaction.- Learn to listen: The ability to effectively state your message is obviously important. But the ability to clearly hear the other person's message is equally important to reaching an a
At the heart of our strategic expeditions, divergent needs and competing demands are likely encountered. The biggest challenge is that even with extensive preparation, research, data and discussion; there isn't always a "best" path forward. Without clear ‘right' answers, frustration, compromise, and the possibility of getting lost become high-stake risks.
Constantly challenged to help my clients work through strategic dilemmas, I started to think more about the ancient Chinese concept of Yin and Yang. Attracted to the concept in the area of work/life balance, I set out to see how the philosophy might be beneficial to business planning. The more I have been able to learn, looking through a Yin and Yang lens has proven to not only be useful, but in some situations, eye opening.
Western culture views opposing
The concept of a decision support system (DSS) is extremely broad and its definitions vary depending upon the author's point of view. A DSS can take many different forms and the term can be used in many different ways.In a more precise way, it can be defined as:"An interactive, flexible, and adaptable computer-based information system, especially developed for supporting the solution of a non-structured management problem for improved decision making. It utilizes data, provides an easy-to-use interface, and allows for the decision maker's own insights."DSS are computer-based support for management decision makers who are dealing with semi-structured problems. With respect to computer terminology it can be defined as:"Interactive computer-based systems that help decision makers utilize dat
At the heart of our strategic expeditions, divergent needs and competing demands are likely encountered. The biggest challenge is that even with extensive preparation, research, data and discussion; there isn't always a "best" path forward. Without clear ‘right' answers, frustration, compromise, and the possibility of getting lost become high-stake risks.
Constantly challenged to help my clients work through strategic dilemmas, I started to think more about the ancient Chinese concept of Yin and Yang. Attracted to the concept in the area of work/life balance, I set out to see how the philosophy might be beneficial to business planning. The more I have been able to learn, looking through a Yin and Yang lens has proven to not only be useful, but in some situations, eye opening.
Western culture views opposin
Freedom, flexibility, and financial control. Those three ideas sound pretty attractive. More than 23 million Americans think so. They’re the people who have created independent businesses. These entrepreneurs have chosen to design a life as well as make a living. You’ll find them working in offices, studios, lofts, homes, garages, even outdoors, across our nation, from the largest urban centers to demote rural settings. They are bursting with dreams and ideas waiting to be expressed. Passionate about their work, they committed to creating a better life for themselves, their families and their communities.Independent workers embrace the challenges and responsibilities of charting their future. In exchange, they find their lives filled with excitement and personal satisfaction. Good things come in small pack
Constantly challenged to help my clients work through strategic dilemmas, I started to think more about the ancient Chinese concept of Yin and Yang. Attracted to the concept in the area of work/life balance, I set out to see how the philosophy might be beneficial to business planning. The more I have been able to learn, looking through a Yin and Yang lens has proven to not only be useful, but in some situations, eye opening.
Western culture views opposin
Tom is a childhood friend of my brother’s. He lived about four houses from us since our junior-high days, and the guys have been friends for years. After getting his degree from Purdue, Tom went to work for a steel company. The guys have another friend, Mark, who, after graduating, wound up leasing a seat at the Mercantile Exchange and later buying it.Fast-forward several years, when Tom is married with four sons. A couple other friends of their jumped on the “Merc bandwagon” and were doing quite well. By now Mark was a millionaire. Mark offered to help Tom get started working at the Merc. Of course, that would mean Tom would have to quit his job at the steel company, and still support four children and two adults.I don’t recall how long he took to consider the offer. Eventually he quit
Western culture views opposin
Angelo Pietromonaco, a rubber product supplier and manufacturer based in Melbourne, Australia has made many changes in his business activities to stay ahead of a difficult market.It is a well-recorded fact that Australian businesses are finding it near impossible to compete on the world market. Traditionally, Australia has boasted a strong, independent base known for producing innovative and well-designed products – who hasn’t heard of the Hill’s Hoist?Angelo has seen a lot of changes happen in a very short amount of time.“The changes all happened very quickly and caught a lot of solid Australian companies totally unaware” states Angelo, “ One moment we were all in an established and what we thought was a solid market, the next we were being decimated by cheap foreign imports – so cheap, a lot o
Western culture views opposing ideas differently from how we tend to think about our choices. If you can visualize two disconnected half circles that might be a good representation of how we tend to make our business decisions, separate and unrelated, black and white, right or wrong. Yin and Yang differ in that although they are opposites, the two relate. The familiar Yin and Yang symbol depicts two ideas that are very much interrelated and connected. There is a part of Yin in Yang (the dot) and vice versa. The two forces interact and must be balanced. The forces are both opposite and dependent on each other.
So how can Yin and Yang help us with strategic planning? Let's look at an example of a common business dilemma.
Competing demands between how to address the internal needs (organization, employees) of a business and the external needs (stockho
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