Showing posts with label financial management. Show all posts
Showing posts with label financial management. Show all posts

Thursday, January 29, 2009

Time Management Skills - 21 Ways to manage your time more effectively

Are you looking for some inside information on time management skills? Here's an up-to-date report from time management skills experts who should know. Way Never before has the time management skills been so important as now. Today life is very busy for most of us. In the private sector, ask any working mother or a college student working part time to pay for an education. And in business, ask any employer trying to juggle a number of priorities at the same time. With improved time management skills that can make the change from reactive to proactive, we can set goals and take time to work with them. It is no secret that those of us who can better manage our time, get more things done. When you have time to give priority to the everyday issues of our private lives and businesses that need urgent attention, the fall in stress levels and are able to manage our resources more effectively. Here are 21 ways to dramatically improve your time management skills 1. Be decisive 2. Establish clear goals and objectives 3. Establish a daily work plan, the night before 4. Priority Tasks A - B - C - D then re-prioritize tasks with a 1 - 2-3 to identify the most urgent 5. Separating the urgency of the important 6. Using the efficiency of the law enforced, what is the highest value use of your time? 7. Use 80/20 rule management to improve their time by identifying the skills of the tasks that have the greatest benefit and the first 8. Resistance and high-energy diet and regular exercise9. Develop management skills just concentrate on one task at a time Truthfully, the only difference between you and time management skills experts is time. If you'll invest a little more time in reading, you'll be that much nearer to expert status when it comes to time management skills. 10. Ugly toad eat first, making things more difficult in the first place 11. Organize your workspace using the acronym TRAF: Toss - Check - Action - Archives 12. Use travel time to listen to CD's and educational programs to prepare working 13. Develop expertise in key tasks through practice and repetition 14. Working in real time, rapid and continuous development of a sense of urgency 15. Time management skills generally improve when you learn to make decisions quickly, without buts or IFS 16. Redesign work processes, map out and determine what to do and works to reduce the number of steps by 30% 17. Reinvent you once a year. Identify what you need to do to be more productive, because the only constant is change in life 18. Ask yourself the following on a regular basis - knowing what I know now, I'm going to do things the same way 19. Set priorities, identify tasks that can stretch on, ie the lower priorities can wait. 80% of the tasks that have less value and contribute only 20% of productivity 20. Decide to work to live, not live to work. This means working towards a balanced life. The amount of downtime and quality time at work to 21. Being intensely action oriented. This is acting and execution that generates results There you have it, 21 ways to improve your time management. Apply only a few and he was way ahead of the pack. So now you know a little bit about time management skills. Even if you don't know everything, you've done something worthwhile: you've expanded your knowledge.

Tuesday, January 27, 2009

Approaches to management

By peit14121951

All organizations have objectives. However in a market economy the prime motive of any organization is to maximize owners wealth or to earn a rate of return, which is in line with the risk. In addition, all business have stakeholders such as suppliers, workers, government, community, interest groups such as trade uniions, employer associations and other interest groups such as environmental groups in the contemporary world.

This requires management of a business to plan, organize, control, coordinate and motivate all levels of employees to meet the set and agreed objectives. However, the managment can use appropriate management theories to accomplish the main functions of business. They also provide the requisite knowledge to understand human behavior and feasible human resource policies to control and motivate employees to maximize the potential of all the employees to improve the efficiency and effctiveness of the organization as whole on a continuous basis.

The main management theories are classical managment theories, human relation theories, systems theories, political perspectives of managment and modern contingency theory of managment. The classical managment theories focus is on the principle of specialization or division of labor, specifiic authority and resposibility, prescibed rules and procedures, pyramid structure of organization, low span of control, top down communication channel, less employee direction in the decison making process, mostly authoritiave managment style in planning, organizing, coordinating, control and motivating emplyees. They beleived employees are primarily has to be directed and they are primarily motivated only by money.

They also belived that this theory can be applicable to any organization irrespective of size, nature of activities, nature of employees. the nature of external environment, cultural factors and political factors, group behavioral factors. However, it has been found that even though classical managment theories are used in varying degrees the oversigt of the complex factors at work in organizations may create conflict and dysfunction in organizations particularly in large organizations, where the external and internal enviornment is dynamic and nature of tasks are complex in nature.

The other theories of managment have evolved over a period of time due to the weaknesses observed by organizational theorists in the 19th and 20 th century. In the modern thought, all theories have some relevance, however the choice of these theories is contingent on internal and external environment in terms of dynamics, nature of tasks, nature of managment, nature of employees, motivational factors, political activity, importance of leadership, approriate mangement style development, change managment issues, decentralization vesus centralization, organizational culture. That is in most organizations the size, and the issues as mentined above will determine, which mix of theories are useful in accomplishing the functions of management and management roles in modern organizations. That is managment theories, without context will not work and may create more dysfuctions than improve the organizational effectivess in achieving its set goals.

As mentioed above, the theories of managment are one of the essential store house of knowledge to management. If used wisely, will enable the top managment in undertaking their main fucntions of managment to meet organizational goals in their specific internal and external environment. That is, the contingency approach is the best possible world combined with the insights in to human behavior by other management schools of thought.

Content Source: Approaches to management - Bukisa.com