Bizcovering

There is a lot that can be said about MBO – Management By Objectives. MBO mostly centers on being a tool for strategic planning, employee motivation and performance enhancement.

Right now the economy is in shambles and individual businesses are going through severe difficulties. Many will not make it to see the year 2010. The ability to make the tough decisions and react to the changing markets is going to separate those businesses that survive this economic storm, and those that do not.

Here are a few ideas to consider as you move forward and through this crisis period in our economic history.

Time, like money, is a limited resource. However, although it is possible to make more money, unfortunately you can’t create more time; there are only twenty-four hours in a day. The inability to manage time effectively is often a big source of stress. Although frequently we may blame others for wasting our time, the most guilty party is usually ourselves.

Analyzing the Pepsi Points case.

There are ways by which new tools make better management.

Advantages of a Decentralized Management Structure in a Business today.

Some different strategies for decision making in today’s marketplace/education/and writing.

Through our business courses in our MBA programs we learn that management is all about justifying our actions through numbers. This is part of our scientific mindset in the new age and it is difficult to shake. The problem is that we as Americans are losing our business competitiveness because we are so focused on the numbers and not on being creative. The numbers should not be the sole source of management decision making.

Are we compromising something deeper, when we decided to go after our material dreams?