KEY STEPS INVOLVED IN DOWNSIZING Layoffs and downsizing are both terms that refer to reductions that companies make in the number of employees on the payroll, although the term ”layoff” is used more often to refer to temporary displacement, while “downsizing” generally has more permanent connotations. Other terminologies sometimes used...
Month: April 2022
GETTING THE BEST FROM PEOPLE: MOTIVATING GROUPS People behave differently in groups. Mob hysteria is one example. Its benevolent opposite is the spirit of togetherness that can animate groups of any size. Motivate staff by mobilizing support for their group aims and setting strategies for tackling objectives. Leading a Team...
GETTING THE BEST FROM PEOPLE: MOTIVATING INDIVIDUALS Trying to motivate individuals is always tricky because of the variations between them, and how they interact with your own personality and motivation. Remember at all times to serve your ultimate interest – obtaining the right outcome. Assessing Individuals To motivate well, start...
WORKPLACE MOTIVATION: WINNING CO-OPERATION WITH YOUR STAFF The basic component of a motivational environment is co-operation, which you must give to your staff, as well as expect from them. It is still essential to be in control and to support your staff while doing so, but be sure not to...
HOW MANAGERS CAN IMPROVE COMMUNICATION AT WORKPLACE Not communicating at all coveys a very powerful message – the last one that a committed manager wants to deliver. You can never communicate too much, but take care over the content and delivery of a message so that it inspires motivation upon...
HOW TO BE A GOOD MANAGER Managers often go on course to learn leadership, but good leaders are not necessarily good managers. Leadership is only a one part of being a manager, and while a successful manager needs leadership skills, other abilities are equally important. Managing to Motivate An essential...
IMPORTANCE OF CROSS-FUNCTIONAL TEAMS IN NEW PRODUCT DEVELOPMENT The simplest definition of cross-functional teams (or CFTs) is teams that are made up of people from different functional areas within a company – marketing, engineering, sales, and human resources, for example. These teams take many forms, but they are most often...
METHODS OF ACHIEVING ECONOMIES OF SCOPE Economies of scope are cost advantages that result when firms provide a variety of products rather than specializing in the production or delivery of a single product. Economies of scope also exist if a firm can produce a given level of output of each...
