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

20 Classic Case Studies Every Business Student Should Know

Enjoy this collection of 20 important business lessons illustrated with case studies.

Here are two that I particularily enjoyed reading.

David vs. Goliath

It's tough to be the little guy, especially when one of the big guys becomes your direct competition. But at Hangers Cleaners, an offbeat image and good customer service helped them pull through when P&G opened an eco-friendly dry cleaners in the same town. Hangers differentiated itself through van delivery service, funny t-shirts and hangers, as well as social networking. The company also spent time connecting with the community by partnering with local businesses and charities.

Instead of out-pricing or out-spending P&G, Hangers embraced its personality and adopted a culture of excellent service that customers found value in. As a result, Hangers has experienced growth while other local dry cleaners have reported flat or declining revenues.



Triumph in Niche Exports

Another excellent international case study comes from bike manufacturer Triumph, which lost steam in its British home base three decades ago, but found new life by heading overseas. In 2010, Triumph sold just 7,562 bikes in the UK, but 50,000 worldwide, indicating that an international interest paid off for the company. Triumph's famous factory in Warwickshire closed up shop in 1983, but the Indian factory remained, and these days, the motorcycles have become the country's Harley Davidson.

The company struggles to meet demand in India, with a six month waiting list and a new factory being built. India's middle class has embraced the vehicle as an affordable commodity, even giving them as dowries in weddings.


Read the rest of these lessons here.

20 Classic Case Studies Every Business Student Should Know



Share/Save/Bookmark



The truth about the APICS Innovation Showcase

Before you decide about registering for the APICS Innovation Showcase read these probing questions and revealing answers.


Why is APICS Ontario Grand Valley offering this new program of ½ day workshops?

These workshops offer you an effective way of developing critical success skills. These are the transferable skills that might never show up on a resume or in a job ad. But success is never based on your resume or job description. Success is based on how you do things

These workshops will help you improve “how” you do things. APICS wants you to be more successful.


What skill building programs are offered?

These programs are focused on you. You have a choice of six workshops. You may attend up to two. You can discover better ways to manage your thinking, your time and your communication skills. Imagine how you will feel when you can make smarter decisions, get more done and convey your message with better results.

If you planned to improve your personal skills this year this is opportunity knocking on your door.


If I’m attending the APICS conference why should I also attend the Innovation Showcase on Saturday?

You will receive tremendous value from the conference. You will make old and new connections with colleagues and industry leaders. You will learn about trends, ideas and opportunities. You will recharge and find renewed energy.

Is that enough? Maybe. But all around you people and companies are expecting more from you. Ideas and knowledge are not enough. Success comes from doing things well and that requires effective skills.

These ½ day workshops are much more than theory and ideas. They will help you develop the skills you need to be more successful.


If you are unable to attend the conference, can you still attend the Saturday Innovation Showcase?

Yes. Be sure to register early to save your spot because these workshops are limited to small groups for effective learning.

Reserve your place. Click here now.


Can non-members attend the Innovation Showcase?

Yes – and they can register at the member rate. This is your opportunity to develop your net worth with your network by sharing this timely information with them. How many people do you know that might want to improve their success skills?

These are transferable success skills that your contacts in other fields can benefit from. Perhaps your spouse wants to attend or has colleagues who are desperate to improve their effectiveness.


Can you attend only one workshop?

Yes. Select the skill set that you most want to develop now. You can register for one or two workshops. It’s your choice.

What programs are available?

  • Here are the workshop titles. Which ones can help you the most?
  • Innovate: Five Steps to Get Better Results with Reduced Resources
  • Understanding Yourself and Others
  • Managing Time for Success
  • How to Deliver Superior Presentations because Inferior Never Wins
  • Guide, Energize and Excite Your Employees
  • Dynamic Communications

Ready to register? Click now.


Yours in the interest of Success

APICS Grand Valley Chapter


PS: Invest a half day or full day in your success. You’re worth it, aren’t you?


Click here to register for Innovation Showcase


Share/Save/Bookmark

But We’ve Always Done it This Way: Top Ten List

What does that really mean?

Perhaps you just asked a question at a committee meeting. The room went silent and at least one person pointedly explained to you that “We’ve always done it this way”. The rest of the group either chimed in or nodded their heads in arrogant approval. Some might even have glanced at you with that dismissive look of lost causes.

For many people change is painful. It doesn’t matter how silly their current path or how promising the opportunity of other possibilities. Change hurts. It is also painful to admit that what you have been doing needs to be changed. Accepting change means accepting the possibility that you are not currently doing things the best way.

While you bite your tongue or fume at that response consider this Top Ten List of the Real Meanings of “But we’ve always done it this way”.

What might people be thinking as they state that lame defense?

10. I haven’t got a clue why we do it this way and I never thought about it before. But I’m not going to admit that to you.

9. Your question is a good one. But I never asked it and wish that I had. As much as your question disturbs me I won’t admit that out loud.

8. You’re new aren’t you? You new people just want to change our perfect little world. We like it the way it is. We can outlast you.

7. How dare you question the wisdom of your predecessors? It was good enough for them why isn’t it good enough for you? Have you no blind respect and subservience to those who were here before you?

6. You clearly don’t know how we do things around here. It has nothing to do with logic, fairness and openness.

5. If you are a team player you will go along with us without asking embarrassing questions like that.

4. We don’t like questions like that. And right now I don’t like you for asking it.

3. Perhaps you believe that you have the right to ask questions… but you’re wrong. Shut up and go with the flow.

2. It’s working the way it is. Leave it alone. Can we go now?

1. Despite what you were told, this is not a democracy. We don’t care about your ideas. Just do what you are told to do. And do it the way that you are told to do it.


When you try to change things you will hear the response “But we’ve always done it this way.” Don’t hate people for that response. Consider the list above to understand what they might be feeling. Recognize that your questions might be disturbing them and they might not be ready to give you an honest and thoughtful answer.

“But we’ve always done it this way” is likely the response of a person who feels threatened.

When faced with this challenge you will need to find a less threatening way to make change. The other alternative is to expose the status quo as the bigger threat.


© George Torok is a Creativity Catalyst. He helps teams make productive creative change. Find more creative ideas and tools at www.Creative-Problem-Solving.org To arrange a presentation on Creativity or training program on Creative Problem Solving visit www.Torok.com or call 905-335-1997

But We've Always Done it this Way

Share/Save/Bookmark

Monkey See Monkey Do

Remember that old expression? Some folks might not like the analogy but it expresses this lesson in management well.

If you want your staff to focus on a particular behaviour – as the leader you need to focus on it yourself.

Follow these three steps to getting the behaviour that you want from your staff.

1. Let them see you doing what you want them to do.

2. Make the desired behaviour a regular agenda item.

3. Encourage and celebrate the desired behaviour in your staff.


People, like animals, will tend to behave in a manor that rewards them.

Imagine that you want to take a customer-centric focus in your business. That is a smart strategy to follow in these challenging times.

As manager or business owner, what could you do?

Here are some ideas for you.

Treat customers as king and queen and mean it. No snide remarks behind their backs about your customers.

Start every staff meeting with a customer story. Invite staff to bring and tell their best customer story at each meeting. Make it a contest among your staff.

Collect more customer testimonials and display them for all to see.

Tour customers through your facility more often.

Name your customer of the month, week or day.

Give awards to your staff for customer service. Ask your customers to vote.

Allow and encourage your staff to make direct contact with your customers. Don’t be the buffer between them.

Consult with your staff for more information about your customers. Don’t be the source of information. Be the one asking questions.

Show the monkeys what you want them to do.


George Torok

Business Speaker

Creative Problem Solving


Share/Save/Bookmark

Simple Ways to Drive Up Employee Retention

Even though we're in the throws of a recession, employee retention remains an important business issue. Now more than ever, companies need to retain their best and brightest so they can do more with less. And the experts still tell us we're facing a looming skills shortage.

Current research on employee retention tells us that to increase employee satisfaction and retention, companies need to:

• Give employees meaningful feedback on an ongoing basis.
• Set clear goals and expectations for employees and help them see how their work matters to the organization.
• Reward and recognize employees fairly and consistently.
• Provide employees with opportunities for growth and development.

While these can seem like simple things, without the right tools and support, your managers may not be giving employees what they need.

Give Employees Meaningful Feedback on an Ongoing Basis

To remain engaged and satisfied, most employees need meaningful feedback on their performance. To encourage an ongoing dialogue between managers and employees, companies can:

Increase the frequency of employee reviews

Many companies find that implementing quarterly performance reviews helps give managers and employees a regularly committed interval for dialogue and feedback. These quarterly reviews don't need to be as long or as detailed as your annual performance review; their goal is to provide a structured forum for giving employees regular feedback and for checking on progress, alignment, development needs, etc.

Solicit feedback from others

Another way to provide employees with meaningful feedback is to gather input from others. This can be as simple as requesting feedback from another manager or supervisor that the employee works with, or from a third-party who has knowledge of the employee’s strengths and weaknesses. A more thorough approach involves gathering multi-rater, 360 degree feedback from peers, other managers, customers and more.

Keep ongoing notes on performance

Keeping and sharing notes on performance year-round helps to not only better document performance, but also to open up the dialogue between a manager and an employee. Highlights, challenges and disconnects that might not otherwise be discovered until the annual performance review meeting can be shared and explored in a timely way. Then, when it’s time to write your annual performance review, you have an accurate and detailed record to consult.

Define Clear Goals and Link Them to Organizational Goals

Another key to employee engagement, satisfaction and retention is the need for employees to clearly know what is expected of them, and to understand how their work contributes to the organization's mission and success.

The most effective way to write clear goals is to use the SMART technique. Specific, measurable, achievable, realistic and time-bound goals let employees know what is expected of them, how success will be measured, and when they must complete work.

You can also give employees a context for their work by linking their goals to higher-level organizational goals. This helps them understand the value of their work and see it's impact.

Recognize and Reward Your Employees Fairly and Consistently

Employees need to feel that their company rewards performance fairly and equitably. This applies to work/project opportunities, promotions, and awards, but especially to all areas of compensation, including base pay, bonuses, stock options, etc. It's critical for companies to have fair and transparent compensation processes that are tied to employee performance.

Provide Career Development Opportunities

Another way to drive up employee retention is to support employee development and career progression. Employees need to feel as though they have a future with an organization, and a career path that helps them further develop their knowledge skills and abilities. Development can take many forms, from formal courses, to challenging work assignments, to mentoring programs.

Stanley Janas is a Director of Human Resources at Halogen Software, one of the leading providers of talent management solutions. For more of his insights on how effective talent management can improve business results read his posts on Halogen's Blog.



Share/Save/Bookmark

Drive The Surprising Truth About What Motivates Us

by Daniel H. Pink
book review by Ian Cook

In his new book Dan Pink accomplishes two outcomes really well:
He consolidates some major social science research around human motivation into clear, straightforward discoveries

He challenges the current thinking and practice in the vast majority of our organizations.The Great DebateAm I motivated in my work primarily through what I receive from the organization and the key players around me or through the fulfillment of needs and desires that reside within me?

These are the dueling positions of extrinsic vs. intrinsic motivators that have fueled a debate in psychology over the last eighty-plus years.

On the one hand you had B.F. Skinner who saw all behavior as a pure stimulus-response mechanism and F.W. Taylor who studied the physical micro movements of a laborer to determine the optimum way to work with minimal variation or “interference” from the worker’s mind. According to their school of thought, rewards and punishment, or what Pink calls “Motivation 2.0,” are the only way to get people to maximize their productivity. (“Motivation 1.0,” by the way, is triggered by our very basic need for food and other necessities for our survival.)

On the other side of the debate are professors Edward Deci and Richard Ryan and others, like Pink, who claim Motivation 2.0 strategies don’t work for most new jobs that are emerging today and into the future. Rewards and punishment cause our minds to focus very narrowly on accomplishing the immediate task. But narrow focus doesn’t serve us well in the new jobs being created that require us to see patterns, work with concepts, address meaning, and come up with alternative strategies in a world of constant churn.

Furthermore, Deci and Ryan’s research confirms that, except for routine, mindless jobs, additional money will spur, at best, a brief uptick in performance. Then motivation actually starts to fall (“What have you done for me lately?”).

Clearing the Decks for Intrinsic MotivationMoney both is and isn’t a motivator! As Frederick Herzberg showed us decades ago, if you don’t provide (perceived) “fair” salaries and benefits your people will be demotivated. But pay them enough, plus a bit more, and they still won’t be motivated. They just will be no longer demotivated. Dan Pink calls this “taking money off the table.”

But now these adequately remunerated employees are ready for what the author calls “Motivation 3.0.” Instead of rewards and sanctions applied by bosses and companies, intrinsic (i.e. internal) motivators kick in. Pink’s research reveals three such motivators:
Autonomy – the freedom to have significant control over how you do your work to generate the performance results to which you agreed

Mastery – the opportunity to get continually better at something that matters to you. This is an elemental human desire

Purpose – having your work contribute to the well-being of people or to outcomes beyond your own self-interest

Why I like this book.
I recommend Drive to managers because of its clarity, its easy reading–the author writes with a journalist’s flair–and especially because of its message.

A sizeable majority of our governments, service organizations and private sector enterprises are mediocre and, in some cases, toxic places to work. If we are to turn these into great places to work, leaders have to take a good look at their beliefs about what motivates people. All too often, their assumptions that determine their management style are out-of-date and counter-productive for a 21st century world.

As Dan Pink presents so well, the verdict of science is in. Managers have to let go of their need to control the behavior of their staff. They have to realize that human beings, in all their infuriating and marvelous complexity, cannot be manipulated into performing better. But employees most definitely can be enrolled. You do this by providing a work experience that gives them the latitude to grow and to make a difference.

What’s missing for me.
The author covers a huge topic in his book. That said, there are three areas I would have liked him to address:

How you do motivate people in jobs where any opportunity for variety and creative expression has been designed out of them? Toll booth operators, ditch diggers and, of course, burger flippers come to mind. And then there are those jobs where a strong union will not agree to any deviation from rigid, collectively bargained job duties.

For the manager who sincerely wants to motivate his or her staff, the fixed design of jobs and work processes, as well as externally bargained work rules, represent the “elephant in the room.” So often managers’ hands are tied, yet they are still expected to produce solid results and create a satisfied employee group.

What does the science have to say about sales people? Monetary rewards linked to sales quotas are the fuel these people run on. I know there is the personal satisfaction in closing a deal but the scoreboard of choice remains money.

What role do employees themselves play in the preservation of Motivation 2.0? I teach in my own presentations that deep within almost all of us is the desire to make a difference, to have the work we do each day matter in some way to some people. That said, ask most employees what is missing for them in their work and their gut reply will be “more money.”Not only do the assumptions and beliefs of managers have to change. Employees must get in touch with their own need for autonomy, mastery and purpose, be aware when these elements are missing for them, and take responsibility for the level of work motivation they choose to have.

Dan Pink’s main thesis is that, despite the unassailable truths that have emerged from the field of social science and organizational behavior, when faced with the pressure to increase performance, most managers still fall back on the twin strategies of dangling more money or threatening negative consequences.

In Drive Dan is on a quest to raise our consciousness to this mismatch. He is a very good communicator and I believe he will transform a lot of managerial minds.

------------------
Ian Cook, presenter and consultant, works with managers who want to increase their effectiveness as a leader and build a stronger team.

To book Ian for a training seminar, team facilitation or keynote presentation, call toll-free at: (385-2786) or e-mail: Contact Us

For more articles and book reviews of interest to managers please go to: http://www.888fulcrum.com/free_resources.aspx
Fulcrum Associates Inc. hereby grants you permission to reprint articles/book reviews, provided that you: publish the author's byline and contact information exactly as they appear at the end of the article/book review and inform us of your intended use of the piece. Contact us toll-free at (385-2786) or E-mail: Contact Us

You are encouraged to pass along to others and/or reprint these articles/book reviews for use electronically or on paper, as long as the following credit lines are included: This article/book review and others are available from Fulcrum Associates Inc. at: http://www.888fulcrum.com/

Share/Save/Bookmark

Saturn, A Good Idea not allowed by GM to flourish

Innovation is never enough by itself. This article in Forbes - How GM Destroyed Its Saturn Success, by David Hanna - explains what went wrong at Saturn.

"A lesson in how to win at innovation in even the most traditional company--and then how to crush that innovation."
---------------
I remember talking with an official from Saturn in the nineties. I was excited about what they were doing then and quite optimistic about their future. The biggest innovation that I saw was the partnership between labor and management.

From my dealing with GM in the eighties as material manager for a just-in-time supplier, I witnessed first hand how both management and labor at GM were messed up.

There were many bad management decisions from GM. That included poor planning and the resultant knee jerk decisions to put band aids on problems.

GM visited our plant often and I visited their operations several times. During one of my visits to a GM plant a GM engineer was explaining a packaging idea for the parts that we supplied to them.

The engineer wanted to show me what they were using for another product. So we approached a production line that was machining small parts for transmissions. He pointed out the plastic trays that they used to hold the finished parts and prevent them from being damaged. Each plastic tray was similar to an over-sized egg cartoon holding about 20 finished parts.

The trays in front of us were full of parts so the engineer asked the production worker, "Do you have an empty tray that we could have?"

The production worker looked at the engineer, then calmly picked up a tray full of finished parts, dumped the parts in a scrap bin and gave the tray to the engineer.

The engineer and I looked at each other in shock, shook our heads and returned to his office.

My first three cars were GM. I've never even considered buying GM since.


George Torok

Business Speaker


Share/Save/Bookmark
Related Posts Plugin for WordPress, Blogger...