Half of the workers leave for mismanagement
A recent study for the Chartered Management Institute ( CMI ) British association that manages these issues, concluded that the quality of British managers is quite low .
The study concludes that:
- 68% of managers say they came to their positions of responsibility by chance.
- Most say they did not aspire to positions of responsibility when they began their careers.
- 40% admitted they did not want the responsibility of managing others.
- 63% admitted that they had no management training.
- Only 28% have some degree of management.
Among the workers, this situation also has an impact , with the following conclusions:
- Nearly half have left a job for mismanagement of their bosses.
- 50% believe they could do better job than their bosses today.
- 49% admit they would prefer a reduction in salary that have to work with a boss who makes bad decisions.
The study warns that the low quality of management has consequences on the quality of decisions taken, the loss of workers, motivation, and level of productivity. A very important task .
The five reasons why businesses fail
In these difficult times, is easy to think that all would go well with our business if the market just return to how it was before.
Well, no. In these times, as in good times, there are good and bad companies, companies that are doing well and others poorly, and it is becoming clear that some are reporting better results and sometimes not.
It has less to do with the environment complicated by the factwhether the firm and its surroundings is doing things right or wrong .
So this list is valid for five reasons why companies fail, that some are general but explained in more detail in the reference article. These reasons are:
- Loss of revenue.
- Failed business models.
- Issues management and operation.
- Lack of capital.
- Liquidity problems and lack of funding.
Of those who think their company is not doing well, which of these is your reason, or is there more than one?
However, how and said in a previous article :
… In the business world, no matter how many times you try and fail, or you try and not going anywhere, just get it right once to be very successful.
It is true that we must do our best for the business plan has the best chance of success. However, failure is a part of the business opportunities.
More important than the failure is that there is a business environment where failure is accepted and try again. An economy that has this embiente, ultimately, create more businesses, more jobs and more wealth .
What is harder for a manager, the ‘good form’ or talent?
The former HP chairman executive, before resigning for a sexual harassment scandal, Mark Hurd , has been hired by Oracle to serve on its board. This fact has been confirmed that the directors are valued more for the talent that the values ??transmitted by the organization to which they belong.
In the words of Larry Ellison of Oracle:
Mark has done a brilliant job at HP and I hope it’s better in Oracle. There is no leader in the world of information technology with a more useful experience than him.
Besides Larry himself criticized HP for the bad decision made to allow his departure. Compared even with the ups and downs in which Steve Jobs was involved in the leadership of Apple. As indicated by Bloomberg, Hurd and Larry are friends, so it is possible that the rescue performed by Oracle is consecuence of a ‘personal favor’. But besides all this, the word management is losing its essence.
Of course, the talent has to be the main asset of a manager, because this will face more thoughtful decisions and would like more responsibility and complexity within the organization. But besides this,should be an example to be followed by their subordinates.
Such events, it is true that there have been since time immemorial. But in recent years due to the economic crisis, this kind of attitudes, behaviors and relational model, have grown exponentially. In my opinion, that a manager does not transmit values ??favorable to the organization, leading to poor management. What think you, do we value the good ‘attitudes’ in business management , or are completely irrelevant?
The 8 most common mistakes marketers
Marketing programs are normally conducted by experts hired by large companies, yet they often fall into common pitfalls. The major marketing mistakes that most occur in the business world are:
1.-Give the advertising weight you have. We can not overlook anything when conducting an advertising campaign. We must know precisely which are the recipients and what can be the impact of it. Instead we can look overwhelmed.
2. – So one of the failures is not conducting a proper market research.
3. - Brand Extension. Several companies tend to the mass of a trademark by using it for all kinds of products. So that the possible failure of a product will break down all sales of the brand.
4. - not renewed . Almost all products have a lifecycle, try updating or renewal. Do not let your products die while the world changes and the competition will gain ground.
5. - Forgetting to customers. We usually focus on potential customers and forget about those who actually will buy those products which are the ordinary people. It’s so important to care for those responsible for product distribution as the true recipients of it.
6.-wrong design. A low number of sales may be due to design fault. Try to check it through as market research surveys.
7.-error distribution. It is important to be where your product is accepted and of course where there is competition should be your product.
8.-Failure of the language. In this last error usually fall several large companies. This is not to change their motto when they expand abroad. An example of this failure is a multinational company that is expanding to Brazil and literally translated their slogan this is offensive to the native population. As before translating a motto must inform you of when it may cause some conflict with the public.
Autonomous Health Insurance
Health insurance is important always for the sake of health and even the ability to save a few euros more, but also provide statistics and read as stating that the private health insurance can be directed to less public budgets, but in Catalonia is installedcopay health .
The CCAA , which recorded a higher level of presence of private health insurance , have the lowest budgets for Health. This can be seen in those Autonomous Communities with the greatest amount of health insurance contract are the communities of: Madrid, Catalonia and Balearic these are fewer public health budget.
What is a sign that private health insurance helps relieve public budgets and resources at least in these communities. Findings such as occurs from the study called ”Private Healthcare, adding value”, from the Institute for Development and Integration of Health (IDIS).
As an interesting finding as influenced by the private health s BOUT public budget when private health attributed seen several negative aspects but this serves to better care planning and redirect resources better, and improvement in several aspects in health care.
The private health sector aid as a liberización and to savings in the public system. Liberalization of public health through the activity of private hospitals.
While the savings is given from the private health insurance model in Spain ”double insurance” and the total of 7 million policyholders who purchased private health insurance are able to avoid the attention of public health.
While health expenditure in Spain compared to GDP in 2009 was 9.5%, while the public means the 7% and private 2.5% of that percentage. On the side of private health spending in 2009 was about 26.697 million euros.
Spain, reaching 26.4% recorded among the countries of Europe which has one of the private health spending levels higher on total health spending in this segment is led by Switzerland and Spain second.
The private health spending, and public health costs of private provision in Spain is 3.24% of GDP this data from 2009. Ada Insured makes a private health insurance allows an annual saving to the public system than 1,500 €.
Further improve if they again applied the tax deduction on health spending by private insurance, making the number of insured rise to 15%, and the release of resources in the public system in terms of expenditure and resources would be greater, and the insured would not lose their rights as patients.
All of this is a campaign to collect signatures from the foundation and is on the Internet to promote tax relief as po day count there are 50,000 new signatures.
As IDIS promotes the integration of public-private provision to encourage patients and avoid giving duplications and other difficulties.
Insurers can no longer turn down people with disabilities
- Under the draft law implementing the UN Convention on Disability
Insurers may not refuse to accept the policy as a disabled person, as it does now, as outlined by the draft law to adapt Spanish legislation to the requirements of the UN Convention on the Rights of Persons with Disabilities , released Monday by the Ministry of Health and Social Policy to the autonomous communities.
The regional directors of Health and Environment Minister, Trinidad Jiménez, held today Interregional Council of Health in Palma de Mallorca, where he presented the said bill, which will force the health authorities to submit information in accessible formats to allow citizens with disabilities to decide for themselves in the process of transplantation and clinical trials.
Under this bill, which consists of ten articles and two final provisions, revised health standards such as the General Health Law, the Law on removal and transplantation of organs, the law regulating patient autonomy and the Law on technical assisted human reproduction.
These variations introduce measures for people with disabilities can make decisions for themselves in health processes as transplants or clinical trials and include disability as a cause of non-discrimination of the person in relation to public health authorities.
EMPLOYMENT
The bill also provides, as indicated on several occasions the government, increase by 5% to 7% reservation in public employment for people with disabilities, something that while it has done already in some calls, is to set now legally.
2% of the total seats will be for people with intellectual disabilities and the other 5% for citizens evidencing any other disabilities.
Similarly, the future standard will harden the regime of sanctions on equal opportunities, non discrimination and universal accessibility for people with disabilities in the course of committing a very serious violation by the institutions providing social services.
Also amended articles of the Law on Equal Opportunities, Non-Discrimination and Universal Accessibility (LIOUNDAU) to, among other things, adjust the legal definition of “disabled person” to that contained in the convention.
As for civil protection, the bill provides that regulate specific action protocols for people with disabilities.
Risk of family business
In the Valley of Toluca only 30% of family businesses survive the change of the second generation and of these only, 15% reach the third, problems caused by lack of professionalism, specialized consulting, process control, innovation and entrepreneurship, factors that are rarely considered by the founders.
The Enterprising Families Program Coordinator ITESM Campus Toluca, Ana Alvarado, reported currently working with 200 companies of this type and although none were at risk of failing, most not worked under the unifying criteria, there is little communication and there is a marked difference in objectives between family members.
Added to this, face the challenge of obtaining financial resources to enable them to realize their investment projects and to continue to maintain their levels of growth and expansion, which largely dictate their life cycle.
The specialist added that a company of this type has the advantage that the control remains within the family circle, however, does not always separate the business side of the bond, which in this case decrease business development.
“Do not work under a regulation as in other companies, there is distrust in any of the members, the different objectives between the partners, succession, overlapping roles, overcoming the resistance of the founders left their positions at the right time, to incorporate non-family managers, guaranteeing that the successor is competent, are just some of the obstacles they face, “he said.
SOLUTIONS
After detecting the problem and know that 50% of parents of undergraduate students are entrepreneurs who head their own businesses, the Center for Family Business (Toluca campus CEF) offers various services from 2010 to enable the development of core activities that will prevent the failure of which is their heritage.
He explained that a work plan developed under three main axes that are research, training and family social action, which will identify the company offsets, domestic conflict, emotions and interpersonal relationships, traditions, and current projects, that could not serve for more emotional than operational issues.
“The advice in making strategic decisions in order to achieve the desired development and strengthening, with which they may continue the family tradition within the company,” he said.
LIMITED GROWTH
According to the company specialized financial advisory, risk management and tax services, Deloitte Mexico, the restriction that there is an agile access to financing, is the main constraint on the growth of family businesses, who require extra resources for their inadequate planning and organization.
Added to this, he stressed, must overcome the weaknesses or conflicts that are also relevant to the family business, such as nepotism, autocracy, the general difficulty in delegating, paternalism, the stagnation in the heads.
Hence the need for long-term planning, and implementing the tradition and continuity, the family business environment, social responsibility, quality of production, innovation and being entrepreneurial.
Business Lessons of large corporations: HP accept failure and waiver to compete in the market for tablet and PCs
A story featured in various media the last days is that the company HP has decided to leave the development of its WebOS and thereby the commercialization of its competing tablets with iPad from Apple.
In addition to the news HP would also be seeking a buyer for its entire manufacturing division and sale of desktop computers known as the
This would give HP a radical shift in its growth and expansion strategy to focus more on software than hardware, it is not strange twist in the technology industry since it would be a change very similar to that made for some years When IBM sold its computer factory in the China Lenovo.
Business lessons we leave this News
Beyond the specific news of these changes in HP that reinforce Apple’s leadership in the market for tablets, this news leaves some lessons for entrepreneurs:
1. Failure is part of any business. The failure is always present in any business idea, to imagine that HP has the best consultants that money can buy and still failed. The sale of their tablets in the BestBuy store just reached 10% of total units that were placed in the chain of stores and that even though HP cut prices on them.
2. The important thing is not the failure but the lessons you learn of it and correct it as quickly as possible. HP has recognized the failure, draw lessons from it but more importantly, has proceeded to correct the failure as quickly as possible announcing the closure of the development division of the tablets. In other words, in business there’s no room for egos or pride, if something does not work it’s best to close it and throw it to not to lose money.
3. The world changes and your company must also change. HP is changing course as I said taking a course similar to IBM out of business of the PCs to take on new challenges the world presents.A few years ago HP bought Compaq PC competitor and at the time the purchase was appropriate, now the world has changed and HP begins to change. You with your company for more stable and profitable it can be always be willing to change if they do not want to disappear. What was good yesterday is not necessarily today.
The Importance of Personal Financial Education, and How to Get It
More and more the need for financial knowledge becomes more obvious.Apart from the reports that say that while financial education is essential to the performance of a person in the future, schools and universities to offer, and if the offer is not a requirement. Compounding the problem, financial companies and marketing business to pressure us to spend more and become stronger.
During your daily life How many times once some form of commercial that motivates you to spend and consume? And how many times an ad out how to get rich, make money or bring your finances? It is essential that gradually seek this formula to help us better manage our money. Here are some tips that can help us increase our knowledge a bit of money.
Do not Flee to The Inevitable
When we are in distress, or when we feel a bit overwhelmed by our finances, we use an internal mechanism of defense that invites us to avoid the conversation. Many of us, sometimes without even thinking, we decided not to touch the issue of bad spending money, our lack of savings or that only increases our debt. To avoid our impulses to make poor financial decisions, we must understand that taking or not in the matter, things will happen. It is better to learn to face our financial challenges and be active participants in decisions.
Educate yourself about personal finance one issue at a time
The process of financial education and economic freedom covers many points. And there’s always a question or concern that you might have.Instead of trying to see personal finance as a lot of things you have to learn at least as long as possible, choose a topic that interests you and devote yourself to look for a few minutes on the subject on the Internet.Chances are that several people have already written about in any medium: paper, blog, radio, conferences, newspaper, magazine, video, webinar, tweet, etc.. Ask your best friend google search on personal finance topics that interest you and allow plenty of time to learn about this subject.
Get support from someone who knows finance
Recently heard a speaker named DR. Robert Gilbert of Montclair University in New Jersey that no matter who you are or where you come from you need a “Coach” you need a coach to help you meet your goals and push you. All persons in the Olympic games have that in common, what do succeed in these events is not only the skill as an athlete, but also to have someone who can help them follow this path. In personal finance is exactly the same. Chances are that if you wanted to learn personal finance alone / what you can do, but if you can find a person who continue to listen or help you more.
I do not mean you have to pay a professional to help you, there are professionals who help for free, others have radio, television, radio, etc..which may help to have more knowledge about your finances without even spending money. Just try to hear or read about this in the perspective of people who are a little more advanced knowledge of the subject. Find classes, personal counseling, support groups, gatherings, fairs, conferences, meetings, video chats, forums … anyway there are thousands of ways of how to talk to others who are with you. Understand that you are not alone on this path, and there is a lot of support out there to start your race to financial freedom.
The important thing is to start NOW!
Why we work hard to Accumulate Wealth?
A few years ago, the mother of a friend (a very wise lady) told me that a problem is not just two opposing forces that have the same intensity. I imagine two streams whose water hoses together and not get anywhere.
When younger, I wanted out of economic distress in which I was with the same force and intensity with which he wished to be considered poor or “fit” into the group. The result? running water did not reach anywhere.
I see many people who want money, affluence, and some even want to be millionaires. But with the same intensity all their income spent looking for the promise of satisfaction. Two forces of equal intensity colliding.
The first thing I had to do to get out of financial hole was deciding what you really wanted. At first I wanted stability, so I left all the considerations and counter-flows aside to truly achieve stability. It was hard. But except when I thought I wanted something where I really wanted something else.
It is important to sit calmly and in an honest response: What do we want? is true that nobody wants economic hardship, but the truth is that everyone has different priorities.
It is possible that your priority is not to accumulate wealth but to live with what is necessary without suffering. Never mind. If you have clear, you take the speck out of the way and you’ll have enough to live without suffering.
We believe that if our greatest desire is to have money, but if you scratch a little too possibly surprise us that our heart is elsewhere. This contradiction is also a fundamental cause for which we are not happy. We believe that we want X but since we do not, we feel miserable. What are we doing to get X? Do we really want X? W may be more appealing …
I do not remember where I read a story that went something like this:
A fisherman had his house near the sea, a beautiful family and enjoyed the evening on his porch. He had big dreams. He worked and worked until he managed to have a fishing boat. He continued to work and then had a fleet of ships. Over the years the company became a corporation and worked from dawn to dusk in an office. When he finally fulfilled his dream was removed: Have a house near the sea, with a beautiful family and enjoy the free afternoon.
Dreaming is essential to achieve, but if you do not know what is our dream, we can not only hinder its realization but in the truth. What is your real dream?