FUNDING A RAPIDLY GROWING VENTURE (PART TWO) The Venture Capital Market Private venture capital companies have been the bedrock of many high-growth ventures, particularly in the computer, software, biotechnology, and telecommunications industries. Because venture capitalists rarely invest in start-up ventures outside the high-tech arena, the growth state of a new...
FUNDING A RAPIDLY GROWING VENTURE (PART ONE) The natural by-product of a successful start-up is growth. But growth is costly and often puts on enormous strain on the already sparse resources of a young venture. Typically, to meet significant demand, the new company will need additional capital beyond any internal...
MAINTAINING AND WARRANTING PRODUCTION PROCESS In the production process, maintenance refers both to the maintenance of plant and equipment used to produce a product or project outcome and to the maintenance or servicing of the product or project outcome after it is sold. Maintenance must be taken into account when...
ENRICHING JOBS TO MOTIVATE WORKFORCE One way to improve motivation is to enrich jobs. The “scientific” management school divided work into component parts, at which each worker, by repetition, became proficient – and bored. Aim for variety, multiskilling, and high interest levels. Raising Interest Levels The interest in a job...
HOW TO EVALUATE EACH JOB As well as looking for ways to motivate your team as a whole, you also need to look at ways to develop individuals and their jobs. Conduct a thorough evaluation of all aspects of each job as well as of the organization’s overall system. Using...
HOW TO DEAL WITH DEMOTIVATED PEOPLE However hard you try to prevent staff demotivation, you will not always succeed. Ways of dealing with demotivated people depend on the situation. A personality clash between staff members needs different treatment than demotivation caused by stress. Identifying causes Demotivation must first be analyzed...
HOW TO PREVENT WORKPLACE DEMOTIVATION The course of people management seldom runs smooth, and emotions run high on both sides of the process. The most valuable technique you can use for preventing demotivation is a sympathetic and understanding human response. Using Interviews If you find it difficult to motivate a...
THE PROCESS OF DEVELOPING A CODE OF ETHICS The process of developing a code of ethics begins with company self-examination to identify values held by individuals and alert everyone to inconsistencies in how people deal with particular issues. For a new company, this means getting the founding team together to...
ETHICS AND SOCIAL RESPONSIBILTY Ethics or the moral code by which we live and conduct business – essentially the concept of right and wrong – derives from the cultural, social, political, and ethnic norms with which we are raised as children. People don’t always sit down to think about their...
THE PRODUCT DEVELOPMENT CYCLE There are ways for entrepreneurial firms to compete effectively in the area of production development. In fact the environment for product development is uniquely suited to smaller companies, which are often better able to adapt to change and move quickly in new directions. Three fundamental strategies...
