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The 5 ways CEOs should spend their time - Fortune Management

The 5 ways CEOs should spend their time - Fortune Management | Tech Daily | Scoop.it
CollegeHumor CEO Paul Greenberg describes how he learned -- the hard way -- to take a step back, relinquish some control, and let his team members lend a hand.

Via Julie Gauthier
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Rescooped by Masha Arbisman from Transformational Leadership
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A Beginner's Guide to Time-Management

A Beginner's Guide to Time-Management | Tech Daily | Scoop.it
Where should I spend my time on? What is important? What time-management really is, is self-management.

Via Dr. Susan Bainbridge
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Rescooped by Masha Arbisman from Marketing, Social Media, E-commerce, Mobile, Videogames
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The Hidden Guide to Using Twitter Effectively

The Hidden Guide to Using Twitter Effectively | Tech Daily | Scoop.it

When it comes to social media, there is not that much hidden about how it all works. The issue is that sometimes the information is hard to find in one place. So in this post, we are going to unearth some commonly unanswered questions in standard Twitter how to posts when it comes to getting the most out of your Twitter experience.

 

What is the New Twitter Activity Stream?
You may not have noticed it yet because you spend a lot of time in a Twitter management tool instead of on Twitter itself. But one of the new additions to Twitter is the Activity feed. You can find it when you log in to Twitter as a tab underneath your What’s happening box...


Via Martin Gysler, Jose Maria Hernandez Montes
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Rescooped by Masha Arbisman from Business Brainpower with the Human Touch
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What Your Performance Management System Needs Most

What Your Performance Management System Needs Most | Tech Daily | Scoop.it

 

Performance is the true litmus test for survival in the marketplace. High-performing employees contribute superior performance, giving the companies they work for a competitive advantage -- and their extra effort differentiates great organizations from merely good ones.

 

It's crucial for businesses to have systems in place to identify, recognize, reward, and retain their top performers to achieve sustainable growth. Most companies understand this and spend enormous sums acquiring a performance management system to help ensure their success. Yet wide variation in employee performance persists despite this investment.

 

To investigate why this variance occurs, we reviewed employee engagement data from one of the most significant emerging economies -- India. Our analysis included data from more than 50,000 employees working in 10 major industry sectors in 22 global companies.

 

We learned that more than half of the employees (54%) felt that their company's performance management system was not effective. This perception is likely to demotivate employees, creating feelings of anguish or frustration that negatively affect their performance, which ultimately defeats the whole purpose of designing and setting up an effective system in the first place.


Via The Learning Factor
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The Learning Factor's curator insight, April 16, 2013 4:24 PM

Most companies invest heavily in systems that identify, recognize, reward, and retain their top performers. But they're only as effective as the managers who implement them.

Rescooped by Masha Arbisman from Supply chain News and trends
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Business Networks: Changing the Buyer-Seller Dynamic

Business Networks: Changing the Buyer-Seller Dynamic | Tech Daily | Scoop.it

Chances are you’re already on Facebook, LinkedIn and other social networking sites that connect you to the relationships, Web services and activities you need to run your daily life. And you’ve experienced first-hand their power to connect you to the right people and opportunities faster. But how networked is your business?

The answer can be a major determinant to your success. In fact, findings from a survey conducted by McKinsey and Company found that two-thirds of the more than 3,200 companies surveyed are using social media and business networks to improve their business. Those doing so most aggressively are seeing significant competitive, cost and profit advantages: “Networked enterprises were 50 percent more likely than their peers to have increased sales, higher profit margins, gain market share and be a market leader.”

Social networks have made it easier than ever to drive conversations, gather intelligence and manage relationships. Just as consumers tap into Facebook and Amazon to connect with friends and family, share and shop, companies are leveraging digital networks to more efficiently discover, connect, collaborate and engage with their trading partners – across the street and around the globe.

Business networks provide an equally easy way to link and coordinate a virtual ‘extraprise’ of partners into a shared community executing improved and coordinated processes in a more informed way than in the past.

Case Study: SHI & AGCO Conquer The Buyer’s Dilemma & The Seller’s Struggle
Take SHI International Corp., a multibillion-dollar global provider of technology products and services and the largest Minority and Women-Owned Business Enterprise (MWBE) in the United States, and AGCO, a leading global manufacturer of agricultural equipment. The two companies recently went virtual with their relationship, implementing online ordering and e-invoicing through a business commerce network.

With five locations across North America, multiple ERP systems running at each of them and no standard process in place for purchasing, AGCO often had difficulty understanding what it was buying and from whom. As a result, it was missing opportunities for significant savings. In addition, the company was still receiving invoices and sending payments manually, driving up costs and error rates.

In an effort to streamline the purchasing process for its customers and enhance relationships and retention, SHI began connecting to them electronically. But this required setting up and maintaining multiple point-to-point relationships via EDI, fax, phone, email, print, mail and stand-alone web catalogs, which was both costly and time-consuming.

To overcome these challenges, both AGCO and SHI connected to the Ariba Network, an open business network used by more than 1 million companies.

AGCO started using the network along with Ariba’s cloud-based applications for sourcing, contract management, spend analysis, supplier and invoice management to transform procurement from a largely manual process into an automated, efficient one. And SHI connected to create a single, centralized interface through which it could connect with customers worldwide.

Then the two companies came together. Through the network, SHI set up a system for online ordering and e-invoicing specifically tailored to meet AGCO’s needs, complete with:
• Customized catalogs and a continually updated list of top-selling products to simplify the purchasing process for AGCO buyers

• Dedicated representatives to assist in ordering non-catalog items in compliance with corporate policies

• Automated matching of POs and invoices to streamline accounts payable process

• Direct access to SHI support team to drive adoption and ensure success

Using the system, AGCO and SHI can seamlessly transact business. AGCO has greater visibility into and control over its spend, which has fueled more favorable contracts and pricing terms. And the automation of invoicing has led to reductions in processing time and faster payments.

For SHI, no-or low-touch orders save time and resources, enabling the company to focus on strategic initiatives that drive business value and revenue with AGCO and other customers. In fact, within 10 months of launching the system for AGCO, SHI added 12 manufacturers to its catalog and realized 100 percent revenue growth.

An Innovative Solution
Cloud-based business networks and applications are ushering in a new, more connected model for business. SHI and AGCO have embraced this model and are unleashing the power of business networks to drive future growth, profitability and differentiation across their businesses. And more companies are joining them every day. Yes, business has gone social. And there’s no turning back.

Tim Minahan

Tim Minahan is senior vice president, Network Strategy, Ariba, an SAP Company


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Rescooped by Masha Arbisman from Online Marketing Resources
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How to Virtually Manage Your Social Media Team

How to Virtually Manage Your Social Media Team | Tech Daily | Scoop.it
A great social media management tool can help you spend less time managing your staff and more time working on your brand presence.

Via Pedro Da Silva
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Rescooped by Masha Arbisman from Into the Driver's Seat
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RescueTime: When you're serious about productivity...

RescueTime: When you're serious about productivity... | Tech Daily | Scoop.it
A personal-analytics service that shows you how you spend your time & provides tools to help you be more productive.

 

Description by Internet Scout Report

 

"Almost everyone has had the experience of stopping work for a quick email check...and losing an hour in the process. RescueTime is designed to help users become better at self-management of time by showing them where they spend the most time on the computer. Users can choose when to turn the application on, set goals and track progress towards them, and sign up to receive weekly email summaries of their productivity. This program is compatible with Windows, OS X, Linux, and Android operating systems."


Via Jim Lerman
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Innovation Isn ' t Dead ( It's Just Different ) - Forbes

Innovation Isn ' t Dead ( It's Just Different ) - Forbes | Tech Daily | Scoop.it
Innovation Isn ' t Dead ( It's Just Different )
Forbes
There are a lot of people who believe innovation is dead. And I'm not going to sugar-coat anything, some of their arguments are solid.
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