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Hub You - Entitlement Programs Kill Corporate Productivity
Small Business Marketing Tip - Brand and Customer Referrals Otherwise, how can you possibly know the degree to which each employee is contributing.It’s true: Good customers want to help your business succeed. Let’s help them out.As a small business owner you know your business better than anybody else. However, our experience shows that many small business owners and marketing managers need help in clarifying and clearly stating their own company Brand.Lots of people talk about word-of-mouth advertising. Creating successful word-of-mouth is much more art than science. Think of it as having your customers and employees carrying a Brand Banner for you.Let’s be candid: even your best customers won’t wave your Brand Banner all the time. And they don’t need to. You only need them to wave it when the opportunity arises: when they are talking to another potential customer. In an ea To make this point, I often ask my audiences sports-related questions. What’s the magic batting average that a position player must achieve in baseball to be considered a cut above? The answer is .300. How many RBI must a player achieve in a season to be considered a cut above? The answer is 100. Or how about keeping score among pitchers? How many games must pitchers win to set themselves apart from the pack? The answer is 20. There are examples from all sports. In football, how many yards must a running back gain in a game, in a season or on a carry? The answers are 100, 1,000 and 5, respectively. If I were to tell you that I am an incredibly good golfer, what questions might you ask me to det Corporate Buyouts of Mines Play Part in Safety Issues In articles I’ve written over the years, I have used “laissez-faire,” a term more frequently used to characterize governments than businesses, to describe a rather laid-back management style. When I use this term, I am referring to management personnel who put very little pressure on employees to achieve their full potential by pushing them toward peak performance levels.West Virginia was the second largest producer of coal in the United States in 2005, producing 160 million tons or 13% of total production, while Wyoming was number one, producing 380 million tons, approximately 35% of the nation’s total coal production. However, the coal produced by West Virginia is more in demand than that which is produced in western states as it is considered a cleaner burning coal.With demand for alternative energy sources in the U.S. at an all time high, the price of coal doubled over the past two years, as natural gas and oil prices have sky rocketed with supplies diminishing, especially in the wake of Hurricane Katrina in the Gulf of Mexico in August of 2005. The Gulf produces nearly 40% of the nation’s natural gas and refines nearly 30% Laissez-faire managers had much rather maintain a stress-free relationship with their personnel than face the antagonistic environment that sometimes arises when employee confrontations become necessary. They rarely “push” their people; they allow each employee to set his or her own performance standards. Now Judith M. Bardwick, a psychologist and management consultant, has used another typically government-associated term to describe an equally costly corporate malady; this time it’s entitlement. I believe that entitlement is deeply rooted in many businesses in our industry. Barwick describes business entitlement programs as “giving people reasonably good jobs without documenting what the company gets in return, resulting in people either not working, or people thinking they are working when, in reality, they are not adding anything of value to the business.” Just a couple of examples of entitlement that I observe take place when employees make remarks like, “It’s January 10th and I haven’t received my raise yet.” Another is, “I received my Christmas bonus last week and all they gave me this year was a check for a lousy $200.” A willingness to accept mediocre performance is also deeply rooted in the culture of many businesses. North America has been blessed with such an excellent economy over much of the last two decades that many managers have gotten away with this attitude and still done reasonably well. When managers allow employees to put in 40 hours while the company receives only about 20 hours of productivity, the bottom line almost invariably takes it on the chin. Managers cannot continue to allow employees to do things “the old way” or “their way” when their performance is dragging down the overall productivity of the company. Toleration perpetuates entitlement. In her book, Danger in the Comfort Zone, Barwick says, “Organizations have failed to educate their employees that their work is not just the jobs they perform, but their ability to add value through their position in the company.” Value equates to earning capacity by the employee for the business. Neither employees nor management can afford to become complacent by believing that they can continue to live off the successes of the past. If they do, the competition is likely to strip them of several of their best customers. How do you eliminate or prevent the entitlement mindset? Begin by defining individual performance goals and clearly communicating them in measurable terms. Then review results, reward accomplishment and take swift action with those who refuse to participate in the program. Performance goals must be measurable. They can be measured daily, weekly, monthly or via annual standards. How frequently you give measurable feedback depends on the job function, but what is most essential is that you keep score. Otherwise, how can you possibly know the degree to which each employee is contributing. To make this point, I often ask my audiences sports-related questions. What’s the magic batting average that a position player must achieve in baseball to be considered a cut above? The answer is .300. How many RBI must a player achieve in a season to be considered a cut above? The answer is 100. Or how about keeping score among pitchers? How many games must pitchers win to set themselves apart from the pack? The answer is 20. There are examples from all sports. In football, how many yards must a running back gain in a game, in a season or on a carry? The answers are 100, 1,000 and 5, respectively. If I were to tell you that I am an incredibly good golfer, what questions might you ask me to dete Managing People; Living the Values escribe an equally costly corporate malady; this time it’s entitlement. I believe that entitlement is deeply rooted in many businesses in our industry.There has been an unedifying politicised debate in Australia about Australian values. It is a debate about who has them, who does not and seeks to ostracise those who are considered not to have them.It is a debate where the majority of the participants have demonstrated the values of ignorance, intolerance, opportunism and political wilfulness whilst claiming to support values of fairness, mateship and egalitarianism.That's the problem with values. They are demonstrated by what we do, not by what we say.No matter which community we belong to, whether it is our family, our school, our club or our employing organisation, we cannot escape demonstrating our values each day.Our values come from our beliefs which form generally at an early age de Barwick describes business entitlement programs as “giving people reasonably good jobs without documenting what the company gets in return, resulting in people either not working, or people thinking they are working when, in reality, they are not adding anything of value to the business.” Just a couple of examples of entitlement that I observe take place when employees make remarks like, “It’s January 10th and I haven’t received my raise yet.” Another is, “I received my Christmas bonus last week and all they gave me this year was a check for a lousy $200.” A willingness to accept mediocre performance is also deeply rooted in the culture of many businesses. North America has been blessed with such an excellent economy over much of the last two decades that many managers have gotten away with this attitude and still done reasonably well. When managers allow employees to put in 40 hours while the company receives only about 20 hours of productivity, the bottom line almost invariably takes it on the chin. Managers cannot continue to allow employees to do things “the old way” or “their way” when their performance is dragging down the overall productivity of the company. Toleration perpetuates entitlement. In her book, Danger in the Comfort Zone, Barwick says, “Organizations have failed to educate their employees that their work is not just the jobs they perform, but their ability to add value through their position in the company.” Value equates to earning capacity by the employee for the business. Neither employees nor management can afford to become complacent by believing that they can continue to live off the successes of the past. If they do, the competition is likely to strip them of several of their best customers. How do you eliminate or prevent the entitlement mindset? Begin by defining individual performance goals and clearly communicating them in measurable terms. Then review results, reward accomplishment and take swift action with those who refuse to participate in the program. Performance goals must be measurable. They can be measured daily, weekly, monthly or via annual standards. How frequently you give measurable feedback depends on the job function, but what is most essential is that you keep score. Otherwise, how can you possibly know the degree to which each employee is contributing. To make this point, I often ask my audiences sports-related questions. What’s the magic batting average that a position player must achieve in baseball to be considered a cut above? The answer is .300. How many RBI must a player achieve in a season to be considered a cut above? The answer is 100. Or how about keeping score among pitchers? How many games must pitchers win to set themselves apart from the pack? The answer is 20. There are examples from all sports. In football, how many yards must a running back gain in a game, in a season or on a carry? The answers are 100, 1,000 and 5, respectively. If I were to tell you that I am an incredibly good golfer, what questions might you ask me to det IT Asset Management - How Times Have Changed any businesses. North America has been blessed with such an excellent economy over much of the last two decades that many managers have gotten away with this attitude and still done reasonably well.When I was little I had a piggy bank complete with a requisite combination lock (needed to keep my younger brother from pilfering). Each week, on Friday night when I got my 50 cent allowance, I would lock myself in my bedroom, twist and turn the combination until I got it right and then I counted my prized stash of cash. I always knew exactly how much it would amount to, but I counted it nonetheless. My brother, on the other hand, never used his piggy bank; he put his quarters in his pockets and generally lost them within a few days.Over time, I began to earn more money through babysitting and odd jobs, but the ritual never changed – lock the door, open the safe and re-count my money. As I reflect, I think about the time I wasted re-counting my money but I also When managers allow employees to put in 40 hours while the company receives only about 20 hours of productivity, the bottom line almost invariably takes it on the chin. Managers cannot continue to allow employees to do things “the old way” or “their way” when their performance is dragging down the overall productivity of the company. Toleration perpetuates entitlement. In her book, Danger in the Comfort Zone, Barwick says, “Organizations have failed to educate their employees that their work is not just the jobs they perform, but their ability to add value through their position in the company.” Value equates to earning capacity by the employee for the business. Neither employees nor management can afford to become complacent by believing that they can continue to live off the successes of the past. If they do, the competition is likely to strip them of several of their best customers. How do you eliminate or prevent the entitlement mindset? Begin by defining individual performance goals and clearly communicating them in measurable terms. Then review results, reward accomplishment and take swift action with those who refuse to participate in the program. Performance goals must be measurable. They can be measured daily, weekly, monthly or via annual standards. How frequently you give measurable feedback depends on the job function, but what is most essential is that you keep score. Otherwise, how can you possibly know the degree to which each employee is contributing. To make this point, I often ask my audiences sports-related questions. What’s the magic batting average that a position player must achieve in baseball to be considered a cut above? The answer is .300. How many RBI must a player achieve in a season to be considered a cut above? The answer is 100. Or how about keeping score among pitchers? How many games must pitchers win to set themselves apart from the pack? The answer is 20. There are examples from all sports. In football, how many yards must a running back gain in a game, in a season or on a carry? The answers are 100, 1,000 and 5, respectively. If I were to tell you that I am an incredibly good golfer, what questions might you ask me to det When You are Thirsty, You are Not Going to Argue Over the Temperature of the Water When you are thirsty and water is available, you are not going to argue over the temperature of the water.This seems to be an obvious principle. Yet, many troubled businesses are the result of petty quarrels and disagreements amongst partners and major shareholders. There are also many family-run companies where the family members soured their relationships ruining the business.Oftentimes, the trouble does not start with the competition or the staff, but arise out of major disagreements amongst the key shareholders. Disagreements can be healthy if they are properly controlled and managed. However, the disagreements can become dysfunctional when they are not properly resolved and allowed to fester. These can result in the break-up of the e Value equates to earning capacity by the employee for the business. Neither employees nor management can afford to become complacent by believing that they can continue to live off the successes of the past. If they do, the competition is likely to strip them of several of their best customers. How do you eliminate or prevent the entitlement mindset? Begin by defining individual performance goals and clearly communicating them in measurable terms. Then review results, reward accomplishment and take swift action with those who refuse to participate in the program. Performance goals must be measurable. They can be measured daily, weekly, monthly or via annual standards. How frequently you give measurable feedback depends on the job function, but what is most essential is that you keep score. Otherwise, how can you possibly know the degree to which each employee is contributing. To make this point, I often ask my audiences sports-related questions. What’s the magic batting average that a position player must achieve in baseball to be considered a cut above? The answer is .300. How many RBI must a player achieve in a season to be considered a cut above? The answer is 100. Or how about keeping score among pitchers? How many games must pitchers win to set themselves apart from the pack? The answer is 20. There are examples from all sports. In football, how many yards must a running back gain in a game, in a season or on a carry? The answers are 100, 1,000 and 5, respectively. If I were to tell you that I am an incredibly good golfer, what questions might you ask me to det How to Create Wealth? Otherwise, how can you possibly know the degree to which each employee is contributing.How to create wealth? When you have born, you have nothing of that sort called wealth! You are born really very much bare! Similarly, when you go out of this world after your stay here, you take nothing with you! You are again very much bare! In between lies what is called life with full of necessities.Born with silver spoon! To meet the needs and wants of your life you should have sufficient resources called money and wealth. Some might have born with a silver spoon. They will have their fore father’s wealth just transmitted to them and always there at their disposal. Hereditary transmission of wealth and money to the youth could be the easiest way to create wealth. The next choice is getting wedded to a rich girl. To make this point, I often ask my audiences sports-related questions. What’s the magic batting average that a position player must achieve in baseball to be considered a cut above? The answer is .300. How many RBI must a player achieve in a season to be considered a cut above? The answer is 100. Or how about keeping score among pitchers? How many games must pitchers win to set themselves apart from the pack? The answer is 20. There are examples from all sports. In football, how many yards must a running back gain in a game, in a season or on a carry? The answers are 100, 1,000 and 5, respectively. If I were to tell you that I am an incredibly good golfer, what questions might you ask me to determine my degree of excellence? Your questions might include: What’s your handicap? Or, what do you typically shoot? Back to business. One rule that I have always believed to be important is to provide feedback to all employees on a consistent basis. But the lower an employee’s pay range, the more frequently I recommend that managers not only provide feedback, but also to reward more positive levels of performance. The days are gone when businesses can sit back and wait for their salespeople to pick up the phone. Every salesperson must meet minimum standards both in maintaining product penetration among current customer accounts and in bringing in a budgeted amount of fresh new business. Operations managers, as an example, can no longer allow their drivers set their own work pace. The individual productivity of each person must be measured and minimum standards established. When an individual employee consistently falls below the minimum performance levels that have been established, that employee must be counseled. Virtually every company has employees who have made it their life’s work to beat the system. The bigger the company, the more prevalent this mindset. Too many such entitlement holders eat away at the bottom line and set a costly example within the organization. I don’t believe that there is any doubt about it, if you want to earn a satisfactory amount of profit, management must be tough minded, but fair. When I single out clients who put the most money on the bottom line, they almost invariably set high performance standards for both themselves and the entire organization. They don’t put up with mediocrity. As you begin a new business period -- month, quarter or year -- I encourage you to discipline yourself to help your employees be all that they can be. Push them. Encourage them. Measure them. Reward them. And remember, if you continue doing the same things year after year that you have always done, you’ll most likely get the same results you’ve always gotten. If you want different results, you must do different things.
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