When Management Goes Wrong
In light of recent business scandals, there are many management professionals who should really re-evaluate where their priorities lie. It seems that many professionals are fundamentally worried about their market value. While being important, strictly looking at the market value is the most backwards way to "improve" their standing.
Instead, I charge CEO's to instead try and increase their asset efficiency, debt ratios, and other ratings, and the market value will follow. If the company is WORTH something, instead of APPEARING to be worth something through inflated earnings, and creative accounting; the market will increase its valuation of the company.
Management appears to have forgotten that profit is a side-effect of running a business, not a direct effect of conducting business. Profit comes from providing a service/product.
Next is business communication.
Drawing from my personal experiences at various employers, I venture to say that ineffective communication in an organization is one of my PET-PEEVES.
It is important in an organization, before there is a change in shift, or of people, to verify that the new shift/people know all of the pertinent information for the day. I have encountered times, when things were not mentioned to me, or I wasn't trained to handle, and I was disciplined for these actions. The entire practice at this particular organization was completely backwards. There was no flow of information between pool, instead information was stagnant and separated by the walls of the cubicle.
While sounding completely like a horrid work environment, ALL of this could have been avoided, had the management been more aware of the total lack of communication, and acted to have "communication seminars."
Instead, I charge CEO's to instead try and increase their asset efficiency, debt ratios, and other ratings, and the market value will follow. If the company is WORTH something, instead of APPEARING to be worth something through inflated earnings, and creative accounting; the market will increase its valuation of the company.
Management appears to have forgotten that profit is a side-effect of running a business, not a direct effect of conducting business. Profit comes from providing a service/product.
Next is business communication.
Drawing from my personal experiences at various employers, I venture to say that ineffective communication in an organization is one of my PET-PEEVES.
It is important in an organization, before there is a change in shift, or of people, to verify that the new shift/people know all of the pertinent information for the day. I have encountered times, when things were not mentioned to me, or I wasn't trained to handle, and I was disciplined for these actions. The entire practice at this particular organization was completely backwards. There was no flow of information between pool, instead information was stagnant and separated by the walls of the cubicle.
While sounding completely like a horrid work environment, ALL of this could have been avoided, had the management been more aware of the total lack of communication, and acted to have "communication seminars."
posted by Kyle at 10:43 AM
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