Monday, January 31, 2011
Friday, January 28, 2011
These comparisons will reveal deviations from the plan and, if substantial, will lead to further investigations
This approach is an example of management by exception- leave matters to subordinates down the line and intervene only when there is evidence of deviation from the plan
Advice to managers
Monitor for success - not control for its own sake:
Only intervene where deviation is substantial
Feed back results to allow subordinates to correct minor deviations
Keep a focus on strategic goals
If you micro-manage you will not be able to see the wood for the trees
Focus on variables that of great significant and those that provide early warning of major problems
And always avoid paralysis by analysis
Evaluation and modification
The evaluation of performance should lead an ongoing review process
Where necessary, modify plans and take corrective action to ensure put the organisation back on course to achieve its objectives
Planning is not a one off event but a continuing process:
The implementation has to be fine tuned during the period of the plan
Results from the plan will be fed into next years plan
A final thought
"Planning without action is futile Action without planning is fatal
2. Capitalize on the competition.
3. Study larger companies.
4. Develop a joint venture relationship.
5. Start local.
6. Get involved in your local community.
Competition is healthy in the business world as it encourages creativity and innovation. You can combat competition by getting to know your competitors and using information about them to your own advantage.
Samsung just published its financial report for the last quarter of 2010 and the full fiscal year and things are looking pretty good for the second largest cell-phone manufacturer. The telecom division has generated some $10.9 billion of revenue and $1.3 billion of profit in the last three month alone.
Those numbers represent respectively 19% and 38% increase over the year-ago quarter.
For the full 2010 the company reported a total of $37 billion of revenue and $3.9 of operating profit.
Erik G Pedrosa
International Morse code is composed of five elements:
- short mark, dot or 'dit' (·) — 'dot duration' is one unit long
- longer mark, dash or 'dah' (–) — three units long
- inter-element gap between the dots and dashes within a character — one dot duration or one unit long
- short gap (between letters) — three units long
- medium gap (between words) — seven units long
The report, by former French minister Jack Lang, suggests establishing a court under Somali jurisdiction but based in a foreign country in order to adress the phenomenon, which has grown in recent years.
It said the international naval force in the Indian Ocean should patrol closer to the pirates' coastal hideouts and that economic incentives should be offered to Somali youth to dissuade them from joining the buccaneers.
Somali pirates have captured nearly 2 000 people and been paid ransoms of up to $9.5 million (R67 million) for seized tankers since 2008. As of December 31, 612 people and 26 ships were still being held, according to UN figures.
Sources of Competitive Advantage from a Global Strategy:
A well-designed global strategy can help a firm to gain a competitive advantage.
This advantage can arise from the following sources:
When will the Maritime Labour Convention, 2006 come into force and what will happen to the existing Conventions?
The Convention will enter into force:
" …12 months after the date on which there have been registered ratifications by at least 30 Members with a total share in the world gross tonnage of ships of 33 per cent."
The existing ILO maritime labour Conventions will be gradually phased out as ILO Member States that have ratified those Conventions ratify the new Convention, but there will be a transitional period when some parallel Conventions will be in force.
Countries that ratify the Maritime Labour Convention, 2006 will no longer be bound by the existing Conventions when the new Convention comes into force for them. Countries that do not ratify the new Convention will remain bound by the existing Conventions they have ratified, but those Conventions will be closed to further ratification.
The Indonesian archipelago of more than 17,000 islands is heavily dependent on ferry services but the industry has a poor safety record and fatal accidents are common. Institute for Transportation Studies researcher Izzul Waro linked the numerous accidents to the archipelago's complex geography but also to the lack of a solid transportation safety system.
Thursday, January 27, 2011
The relaunching of the said peace talks between Representatives of the Philippines government and of the communist National Democratic Front (NDF) -- the political wing of the Communist Party of the Philippines (CPP) will be held on the February 15-21 in Oslo, Norway, wherein, the latter government will be facilitating the negotiations. Hopefully, a positive result will be agreed upon between the concerned sides. If peace is indeed established in said talk, a confident government; an end to the one of Asia’s longest-running insurgency and a healthy economy will be the overall result.
Congratulations to both sides and we the optimistic Filipinos will wait for the result.
2. Severe head pain - chances are, it's a migraine, but if it isn't accompanied by other migraine symptoms (such as a visual aura), sudden, severe head pain can signal a brain aneurysm, and a burst aneurysm can cause brain damage within minutes, so you need to call 911 immediately.
3. A throbbing tooth - it's likely that the tooth's nerve has become damaged, probably because the surrounding pearly white enamel is cracked or rotting away, and unless you get it patched up quickly, bacteria in your mouth can invade the nerve.
4. Sharp pain in your side - if you feel as if you're being skewered in your right side, and you're also nauseated and running a fever, you could have appendicitis.
5. Abdominal discomfort with gas or bloating – if you've felt gassy and bloated more days than not, and it takes fewer slices of pizza to fill you up than it once did. If the symptoms are new, the worst-case scenario is ovarian cancer.
6. Back pain with tingling toes - one of your discs (the spongy rings that cushion the bones in your spine) could be pressing on the spinal nerve, and without proper attention, you risk permanent nerve damage.
7. Leg pain with swelling - your calf is extremely tender in one location, noticeably swollen, and red or warm to the touch and you might have deep-vein thrombosis (DVT), commonly known as a blood clot.
Benchmarking doesn't work
In business, something that works well for a leader in one company is not easily replicated in another.
Benchmarking ties up valuable resources. These initiatives generate a huge amount of activity and develop lives of their own inside of companies. A more productive use of those resources would be developing a differentiated strategy that makes a company less like its competitors, and more able to create unique value in the marketplace, based largely on its own capabilities.