Strategies for Managing Your Business
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Rescooped by Trumans from Organisation Development onto Strategies for Managing Your Business
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Is Culture Slowly Killing Your Organization?

Is Culture Slowly Killing Your Organization? | Strategies for Managing Your Business | Scoop.it
Alan Hamilton discusses social business and the culture organization.

Via Maddie Grant, David Hain
Trumans's insight:

Only if you let it ... and that can happen when you don't live the way you say you will or work they way you say you will.  How relevant is your culture statement today?  When was it last updated?  Who had input?  Do you have a culture based in the 1800s or one based on today?

Amit Shwartz's curator insight, January 14, 1:26 PM

You already have an engaged workforce – it’s just that they’re engaged in other things. No-one has trained them on their use of Amazon or eBay or Hotmail or Facebook. They didn’t read the (non-existent) manual about their phone in order to send a text message. The truth of the matter is that they figured it out for themselves or sought help from someone they thought could help (an “expert”).

Mercor's curator insight, January 15, 11:05 AM

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The entrepreneur looking for adventure | Dynamic Business

The entrepreneur looking for adventure | Dynamic Business | Strategies for Managing Your Business | Scoop.it

Spotting a gap in the market, Michael Lawrence gave up a successful career in management to set up a new media streaming service in the world of action sports.


Trumans's insight:

Success = opportunity plus preparedness.
"You'll never never know, if you never have a go!"

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Do Your Employees Trust You?

Do Your Employees Trust You? | Strategies for Managing Your Business | Scoop.it
They might like you. They may even love you. But can they be sure you'll get the job done when the chips are down

Via Wise Leader™, Jean-Philippe D'HALLUIN, David Hain
David Hain's curator insight, May 14, 2:42 AM

For those of us who follow English football, the dismissal of Roberto Mancini and the elevation to sainthood of his Manchester counterpart Sir Alex Ferguson are interesting contrasts in this debate.

Eric Vanetti's curator insight, May 14, 9:11 AM

Show me a "leader" whose employees don't trust him/her, and I'll show you a "leader" without followers.

The Customer's Shoes's curator insight, May 19, 4:34 AM

If any initiatives are being implemented in a low-trust culture, its chances of success are really remote.

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Warren Buffett Shares His Most Essential Advice For Generation Y

Warren Buffett Shares His Most Essential Advice For Generation Y | Strategies for Managing Your Business | Scoop.it
Warren Buffett assumed the role of mentor to the youth yesterday when he gave networking and career advice in an "Office Hours" session with Levo League, a site aimed to assist youngsters in making their dreams come true.

Via Digitives
Mandy Schumaker's curator insight, May 11, 8:35 AM

These are great tips for all of us!

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Apprentices and trainees are employees, not contractors

Apprentices and trainees are employees for tax and super purposes. This means if your business engages an apprentice or trainee, you will need to treat them as an employee and meet the required pay as you go (PAYG) withholding, super and fringe benefits tax (FBT) obligations.

Your business cannot treat an apprentice or trainee as a contractor, even if they have an Australian business number (ABN).

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Westpac Economic Update: Presented by Chief Economist Bill Evans (10 May 2013)

Westpac Chief Economist Bill Evans comments on this week's Reserve Bank rate cut, employment figures and forecasts on next week's Federal Budget release. Plu...
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Law Society of NSW - Trust & controlled money accounts

Law Society of NSW - Trust & controlled money accounts | Strategies for Managing Your Business | Scoop.it

Trust money is the money a solicitor holds on behalf of a client or other people in the course of, or in connection with, the provision of legal services. For example, where money is held for the payment of stamp duty during the purchase of property, or received from the proceeds of a court action.

Trumans's insight:

Solicitors: Need a trust Account audit? Contact us now http://j.mp/YtCLhS

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Increasing Social Media Engagement: Five Alternative Ways | Social Media Today

Increasing Social Media Engagement: Five Alternative Ways | Social Media Today | Strategies for Managing Your Business | Scoop.it
Social media continues to evolve and ways to improve engagement are also changing constantly. Here are five creative tips.
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Compassion: An Invaluable Leadership Attribute - General Leadership

Compassion: An Invaluable Leadership Attribute - General Leadership | Strategies for Managing Your Business | Scoop.it

Recent research confirms that leaders who exercise compassion produce loyal, dedicated, and passionate employees.


Via John Michel
John Michel's curator insight, May 3, 5:30 PM

Recent research confirms that leaders who exercise compassion produce loyal, dedicated, and passionate employees. In fact, numerous studies have found that workplaces led by compassionate bosses enjoy increased rates of employee satisfaction, greater employee engagement, lower levels of overall stress and fewer reported sick days.

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Small business concessions: changes to simpler depreciation rules apply from 2012-13

From the 2012-13 income year:

  • the small business instant asset write-off threshold has increased from $1,000 to $6,500
  • small businesses can claim an accelerated initial deduction for motor vehicles acquired in 2012-13 and subsequent years
  • the long life small business pool and the general small business pool have been consolidated into a single pool to be written off at one rate.
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Marketing - How to find your ideal marketer

Marketing - How to find your ideal marketer | Strategies for Managing Your Business | Scoop.it
If you’re thinking of growing your business, one of the first positions you will want to fill is in sales and marketing. Here is how to find the right marketer for your business.
Trumans's insight:

Not every business has the resources to employ a marketer or sales person - often that stays in the hands of the business owner - and that can be fraught with problems too.  Time to revisit the E-Myth?

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Outsourcing Business Processes for Innovation

Outsourcing Business Processes for Innovation | Strategies for Managing Your Business | Scoop.it
Many companies pursue business process outsourcing to trim costs. But it can evolve into much more.


The number of companies that outsource critical business processes to outside suppliers has been growing significantly worldwide. In 2012, companies outsourced some $309 billion of services — activities including finance and accounting, human resource management, procurement and legal services — and the overall volume has been growing at a rate of around 25% annually.


Although many organizations initiated business process outsourcing (BPO) as part of an effort to reduce costs or acquire new skills, it has since evolved into much more. In relationships companies classify as high-performing, service providers deliver substantial long-term improvements to the client’s operating efficiency and strategic performance.


These types of innovations require companies and service providers to work together. BPO providers do not need incentives to improve their own revenue or margins, but they do need them to focus on the client’s performance. While partners may incentivize innovation by using mechanisms such as productivity targets, allocating innovation days and agreeing to gain share on innovation projects, innovation won’t happen unless clients and providers implement a more comprehensive process that combines acculturation across different organizations, an engaging method for generating ideas, adequate funding and a system for managing change.


Via Vicki Kossoff @ The Learning Factor
MTD's curator insight, April 29, 7:11 AM

Can you ever truly outsource innovation? Should you? 

Vicki Kossoff @ The Learning Factor's comment, April 30, 7:55 PM
Good question. Dynamic innovation in BPO is an intensely collaborative endeavor. In high-performing business-process outsourcing relationships, companies and service providers work together to foster innovation.
MTD's comment, May 2, 5:17 PM
You're absolutely right, of course. The target of pure savings is ultimately a short-term goal and often backfires. If you're outsourcing processes that are core to your business, you had better be certain you'll achieve those savings as well as topline growth - as you say, through real innovation and positive change.
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Google Report – Start-ups Could Contribute $109bn To Australian Economy By 2033

Google Report – Start-ups Could Contribute $109bn To Australian Economy By 2033 | Strategies for Managing Your Business | Scoop.it
Tech start-ups have the potential to contribute $109 billion to the Australian economy, or around 4% of GDP, by 2033, according to a new report, which identifies four key ways to unlock the potential of the sector.
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Promoting yourself in the digital age

Promoting yourself in the digital age | Strategies for Managing Your Business | Scoop.it

Your personal brand could be the ticket to your own mini-business empire.
"People do business with people they know, like and they trust. Having a strong, visible and trusted personal brand is a plus for the small business owner because it differentiates you from the competition.


Trumans's insight:

A good article: very pertinenet to todays SME's.

Trumans's curator insight, April 20, 6:57 PM

A good article; very pertinenet for todays small business owners.

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5 Ways to Create a Winning Culture

5 Ways to Create a Winning Culture | Strategies for Managing Your Business | Scoop.it
A strong culture isn't something you wish into place, or even will into place. It's something you build. Here's how.

Via John Michel
Scott Span, MSOD's curator insight, May 15, 10:52 AM

Good list...what would you add?

Scott Span, MSOD's comment, May 15, 10:53 AM
All great points... particularly # 3. Without trust, not much else can happen.
AlGonzalezinfo's curator insight, May 15, 1:17 PM

Tpotally agree with Don on item #5.  I also like #3.

 

Create an environment of trust.

Many organizations believe internal trust is nice to have but not a key factor for bottom line profitability. That simply isn’t true. Trust directly affects speed and cost. When trust diminishes, speed goes down and costs go up. These economic factors are usually disguised as other things, but when there isn’t trust between team members, or between the company and its customers, it is impossible to achieve real success. The myths are that trust is built solely on integrity, that you either have it or you don’t, that if lost it can’t be restored, and that it can’t be taught. The realities are that trust is a function of both character and competency, it can be both created and destroyed, it can be restored (in most cases), and be taught and developed into a measurable strategic advantage.

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5 Habits Of Leaders Who Create Workspace Culture

5 Habits Of Leaders Who Create Workspace Culture | Strategies for Managing Your Business | Scoop.it
When I was a student (once upon a time I thought I was to be a clinical psychologist), and broke, and spending time in New York City (when I decided I was not to be a performing artist, choreographer for my career after all), I used to make extra ...

Via Susan Bainbridge
Elizabeth Horlemann's curator insight, May 14, 1:59 AM

Open space???

David Hain's curator insight, May 14, 2:37 AM

Unusual take on leadership, but worth thinking about...

ratzelster's curator insight, Today, 9:19 AM

More and more we're seeing how the physical space sets a tone and helps to create culture.  With so many of the classrooms and communal spaces fixed and with little $$$ to change those structures, what can we do to make a big change in how the physical space impacts us? 

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Clearing Hurdles to Employee Engagement - TalentCulture - World of Work

Clearing Hurdles to Employee Engagement - TalentCulture - World of Work | Strategies for Managing Your Business | Scoop.it

Recognition is a key component of Employee Success. What gets recognized get repeated. Recognizing employees for hitting targets and exemplifying corporate values reinforces behavior that impacts the bottom line. According to recent research by Aon Hewitt, organizations with high engagement rates are 78% more productive than disengaged organizations. The powerful combination of engaged employees and brilliant performance is critical to business success.

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Retail Leasing and the Use of Ratchet Clauses in NSW - Real Estate and Construction - Australia

9 May 2013 - Australia - Real Estate and Construction - Retail Leasing and the Use of Ratchet Clauses in NSW - Coleman Greig Lawyers - A ratchet clause operates to prevent a rent decreasing at a time when the rent becomes subject to review or...
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The entrepreneur with a room in every city | Dynamic Business

The entrepreneur with a room in every city  | Dynamic Business | Strategies for Managing Your Business | Scoop.it

When Nate Blecharczyk and his roommates couldn’t afford a hike in their rent, they decided to rent out a room for a weekend and stumbled upon a new business idea.

Trumans's insight:

A great success story with some key messages. The four points provided as advice to start-ups are well worth noting.

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30 Dr. Seuss Quotes That Can Change Your Life

30 Dr. Seuss Quotes That Can Change Your Life | Strategies for Managing Your Business | Scoop.it

30 Dr. Seuss Quotes That Can Change Your Life is one of the best Infographics created in the category. Check out 30 Dr. Seuss Quotes That Can Change Your Life now!

Trumans's insight:

We like: Today is your day! Your mountain is waiting, So... get on yur way. 

David Hain's curator insight, May 9, 2:35 AM

Homegrown wisdom in a nice poster.

Scott Span, MSOD's curator insight, May 9, 12:19 PM

Sometimes, the basics hold true!

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Planning a new business

Planning a new business is the key to new business success. Westpac and MYOB have some simple tips to help you with your business plan
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Fair Work Commission unfair dismissal win for employees who created companies

Fair Work Commission unfair dismissal win for employees who created companies | Strategies for Managing Your Business | Scoop.it
The Fair Work Commission found a company unfairly dismissed two employees who registered a business name, with the owner claiming the pair planned to open a competing business.
Trumans's insight:

When in doubt, it's a good diea to consult your professional advisers. Much less cost, in many different ways, 

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Great Leaders Know Diverse Teams are Stronger Teams

Great Leaders Know Diverse Teams are Stronger Teams | Strategies for Managing Your Business | Scoop.it
Gary Shapiro leads the Consumer Electronics Association, and at last week’s The Next Web Conference 2013, he explained how important diversity is to developing strong teams and successful businesses.

Via Christina Lattimer
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How to use LinkedIn to promote yourself and your business

How to use LinkedIn to promote yourself and your business | Strategies for Managing Your Business | Scoop.it

LinkedIn is a powerful platform for professionals to expand and stay connected with like-minded people; so having an active and up-to-date LinkedIn profile is crucial. Here are 5 ways to get the most benefit from LinkedIn. 

Trumans's insight:

Need we say more?

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Jonathan Weinstock - Five tips to becoming inspired in less than 9.58 seconds!

Jonathan Weinstock - Five tips to becoming inspired in less than 9.58 seconds! | Strategies for Managing Your Business | Scoop.it
The role of an entrepreneur is to inspire others, leading to fast business growth. Here are five steps to revving up your motivation level from zero to full-speed in just 9.58 seconds like Usain Bolt.
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Does it matter if you are not good friends with your business partner?

Does it matter if you are not good friends with your business partner? | Strategies for Managing Your Business | Scoop.it
Business relationships and personal relationships are just about one and the same. To pick wisely, you need to find common interests, goals, drivers, likes and values.
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