WHEN DIVERSIFICATION BECOMES THE BUSINESS OPTION Diversification is the process of entering new business markets with new products. Such efforts may be undertaken either through acquisitions or through extension of the company’s existing capabilities and resources. The diversification process is an essential component in the long range growth and success...
Year: 2020
HOW TO SECURE DEALERSHIP AND DISTRIBUTORSHIP Distributorship and dealership are in essence a license to distribute a product. Both dealers and distributors work with a manufacturer to get its goods to the buyer. Both dealers and distributors have a continuing relationship with the licensor of the product, but do not...
HOW EFFECTIVE INTERVENTION WITH DIFFICULT EMPLOYEES CAN IMPROVE COMPANY MORALE AND EFFICIENCY The term “difficult employee” is typically used to refer to a worker who fails to conduct himself or herself in a responsible, professional manner in the workplace. Effective dealing with these types of workers can be among the...
WOULD YOU SHARE MEMORIES OF PAST RELATIONSHIPS WITH YOUR PARTNER? By Funmi George Often times we experience nostalgic memories of past relationships especially the good and bad times. While some of those experiences are better forgotten, you would wish you could turn back the hands of time for others. Whatever...
WHEN TO LET DIFFICULT CUSTOMERS GO Successful business owners recognize that customer satisfaction is one of the essential elements of organizational prosperity. After all, providing quality service that clients appreciate not only ensures repeat business from them, but also encourages future “word-of-mouth” sales. But virtually all business operations will sooner...
HOW TO CHOOSE THE RIGHT PERSON FOR A TASK It is very important to choose the right person for a task in hand. The first few times, it will be a case of trial and error, but before long you should lean how better assess the skills, and therefore the...
BUILDING A RELATIONSHIP TO OVERCOME PERSONAL BARRIERS Frankness, openness, and effective communication are essential to successful delegation, helping to build and sustain trust and overcome many personal barriers. You can reinforce trust and nurture mutual esteem through careful management. Communicating Well When managers keep knowledge to themselves,communicate sporadically and...
RECOGNIZING AND DEALING WITH BARRIERS TO DELEGATION Managers often find delegation difficult. Barriers preventing delegation are often based on negative feelings of insecurity and mistrust. The gains achieved through overcoming these feelings and beginning to trust will far outweigh any positive losses. Doing It Yourself As a manger, you...
HOW TO HANDLE OTHER PEOPLE’S DECISIONS Most decisions are delegated downwards and involve subordinates. Although final responsibility remains with the delegator, remember that you are responsible for the success of your own performance when asked to undertake and complete a task. Coping With Delegation If a superior delegates a...
THE PAINS OF KNOWING THERE IS ANOTHER WOMAN! By Funmi George Adaobi was by every measure a happy woman. Why not? In her early-thirties – an age when some women are still struggling to have a breakthrough in their career – she could be considered a fulfilled woman. A mother...
