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Business Strategy Tools and Techniques from MindTools.com

Business Strategy Tools and Techniques from MindTools.com
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How to Make Good Decisions ... Faster Take a look at this paragraph: Cna yuo raed tihs? I cdn'uolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdanieg. The phaonemnel pweor of the hmuan mnid, aoccdrnig to a rsereeachr at Cmabrigde Uinervtisy, it dseno't mtaetr in waht oerdr the ltteres in a wrod are, the olny iproamtnt tihng is taht the frsit and lsat ltteers be in the rghit pclae. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Azanmig, huh? Isn't it astounding how easily you can decipher words with information that is ambiguous, garbled or less than complete? The 80/20 Rule is pervasive in our world: 80% of traffic jams occur on 20% of roads.80% of beer is consumed by 20% of drinkers.80% of classroom participation comes from 20% of students.80% of profits come from 20% of customers. Applying the 80/20 Rule to your thinking can help you make smarter, faster, more intuitive decisions. Specifically, here's how you might apply the 80/20 Rule to your next decision.

Project Management Tools from MindTools As you move ahead in your career, you are likely to face more complex and difficult challenges. Some of these will involve the coordination of many different people, the completion of many tasks in a precise sequence, and the expenditure of a great deal of time and money. Whether you succeed or fail with these projects depends on how good you are at project management. This section of Mind Tools teaches more than 50 individual project management skills . Start with our quiz , which helps you assess your current skills levels. Then explore the key areas of project management , learn how to schedule projects , and find out how to manage change so that your projects are accepted and embraced by the people they affect. The Browse by Category box below will help you target specific project management skills areas, while you can look through the full list of tools to find interesting topics. Free Tools Mind Tools Club Project Management Framework Scheduling Scope Management Communication Next article

Mission and Vision Statements - Strategy Skills Training From MindTools.com Unleashing the Power of Purpose How to create mission and vision statements, with James Manktelow & Amy Carlson. Imagine going to work each day, full of purpose and conviction. You strongly believe in your organization's values, and you are passionately committed to its mission. Because you understand the good that your organization does in the world, you love what you do. You're happy to come into the office, and you put your heart and soul into your work, because you know it matters. People can be genuinely inspired if their organization has a compelling vision and a clear, worthwhile mission; and these can be powerfully expressed in well-crafted mission and vision statements. These statements can be highly motivating when they are expressed clearly and with intent, and when they are communicated effectively to everyone in the organization. In this article, we'll explore how you can write motivating mission and vision statements. Mission and Vision Statements Explained Purpose Application

Tools for Decision Analysis Tools for Decision Analysis:Analysis of Risky Decisions Para mis visitantes del mundo de habla hispana, este sitio se encuentra disponible en español en: Sitio Espejo para América Latina Sitio en los E.E.U.U.Making decisions is certainly the most important task of a manager and it is often a very difficult one. This site offers a decision making procedure for solving complex problems step by step.It presents the decision-analysis process for both public and private decision-making, using different decision criteria, different types of information, and information of varying quality. It describes the elements in the analysis of decision alternatives and choices, as well as the goals and objectives that guide decision-making. The key issues related to a decision-maker's preferences regarding alternatives, criteria for choice, and choice modes, together with the risk assessment tools are also presented.To search the site, try Edit | Find in page [Ctrl + f].

Problem-Solving Skills From MindTools Find the fundamental cause, and you're half way there. © iStockphoto The 25+ tools in this section help you solve complicated business problems. By using these techniques, you can start to deal with problems that might otherwise seem huge, overwhelming, or excessively complex. Start by taking our How Good Are Your Problem-Solving Skills? Then browse the list of tools below: the techniques that you'll find will help you in many different situations. Enjoy using these tools! General Problem-Solving Tools Problem-Solving Approaches Finding the Cause of a Problem CATWOE Developing a Robust Problem Definition 5 Whys Quickly Getting to the Root of a Problem Improving Business Processes Flow Charts Understanding and Communicating How a Process Works Diagram-Based Tools Join the Mind Tools Club ... and get 65 in-depth Bite-Sized Training™ sessions as well as more than 900 articles like the one you've just read. Develop the skills you need with training, help and ideas from the Mind Tools Club.

Strategic planning Growing a business means taking many decisions about the way you want to expand your operations. Creating a strategic plan is a key component of planning for growth. It will help you prepare a realistic vision for the future of your business and in doing so can maximise your business' potential for growth. A strategic plan should not be confused with a business plan. A business plan is about setting short- or mid-term goals and defining the steps necessary to achieve them. This guide sets out the basics of the strategic planning process. The purpose of strategic planning The purpose of strategic planning is to set your overall goals for your business and to develop a plan to achieve them. Why strategic planning matters more to growing businesses Taking the decision actively to grow a business means embracing the risks that come with growth. The difference between strategic planning and writing a business plan The three key elements of strategic planning Where is your business now?

10 Common Time Management Mistakes - from Mind Tools.com Avoiding Common Pitfalls Learn how to overcome several common time management mistakes. How well do you manage your time? If you're like many people, your answer may not be completely positive! Many of us know that we could be managing our time more effectively; but it can be difficult to identify the mistakes that we're making, and to know how we could improve. In this article, we're looking at ten of the most common time management mistakes, as well as identifying strategies and tips that you can use to overcome them. Mistake #1. Do you ever have that nagging feeling that you've forgotten to do an important piece of work? The trick with using To-Do Lists effectively lies in prioritizing the tasks on your list. If you have large projects on your list, then, unless you're careful, the entries for these can be vague and ineffective. You can also use Action Programs to manage your work when you have many large projects happening at once. Mistake #2. Mistake #3. Mistake #4. Mistake #5. Tip:

How Good Are Your Project Management Skills? - Project Management Tools from MindTools Project managers need a broad range of skills. © iStockphoto/ez_thug Whether or not you hold the official title of project manager, chances are you'll be called upon to lead some sort of project at some time. From initiating a procedural change in your department to opening a branch office in a different city, projects come in all shapes and sizes. As the complexity of your projects increases, the number of details you have to monitor also increases. However, the fundamentals of managing a project from start to finish are usually very similar. This short quiz helps you determine how well you perform in the eight key areas that are important to a successful project. How Good Are Your Project Management Skills? Instructions For each statement, click the button in the column that best describes you. Your last quiz results are shown. You last completed this quiz on , at . Questions 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20 still need to be answered! (Questions 6, 11)

Operating Plan Development Process - The Duke Entrepreneurship Manual: A Resource for Entrepreneurs The Operating Plan stage consists of three sections. Core competencies: Based on the proposed foundation for sustainable competitive advantage for the venture, this will be an analysis of the core competencies (functions and capabilities) that must be internal to the firm. This analysis will guide which functions can be outsourced or achieved through partnerships.Elements of the operating plan: This section is the heart of the analysis. There are three documents that together represent the companies operating plan:Company timeline: What things will the company accomplish and when?Staffing plan: Who will the company hire (i.e., what skills and experience) and when? Detail This section will detail the questions the entrepreneur should be asking as he/she pulls creates an operating plan for a new venture. Core competencies In today’s business environment, there is no activity that cannot be contracted for. The answer we suggest here is threefold. Elements of the operating plan Financing plan

What Kind of Leader Do You Want to Be? It’s the question missing from so much of leadership development: “What kind of leader do you want to be?” We facilitate and encourage self-awareness among up-and-coming leaders (what kind of leader you are), get them to map their journeys so far (what has made you the leader you are), share knowledge and ideas (what kind of leader you should be), and help them acquire new skills and adopt new behaviors (this is how you can become that kind of leader). But we don’t focus strongly enough on arguably the most central components to successful leadership – leadership intent (the kind of leader you want to be) and impact (the legacy you want to leave). As a shorthand, I refer to these two components, combined, as your “leadership footprint.” In my experience, many have thought about their leadership footprint at some point, but few have defined it clearly enough to guide their behavior and evaluate their “success.” Here’s an example of how this looks in action.

Veja como startups podem ajudar sua carreira - Portal TraineePortal Trainee Os startups estão intimamente ligado à perfis empreendedores e são considerados o “emprego dos sonhos”. O que mais chama a atenção no novo modelo de negócio é o desafio de introduzir um novo produto ou serviço no mercado e o ambiente que acompanha o ritmo de crescimento. Veja abaixo 6 vantagens de se trabalhar com startups: 1 – Você coloca suas próprias ideias em prática Em uma startup, tudo está em processo de construção e todos estão abertos a aceitar sugestões. Se você tem uma boa ideia, a aplicação acontece muito rápido e muitas vezes você mesmo pode fazer acontecer. 2 – Na startup nada é igual Todas as empresas têm problemas que nunca mudam. 3 – Você assume responsabilidades Em uma empresa pequena, todo mundo assume responsabilidades e colabora nos processos críticos da empresa. 4 – Você pode alcançar o tão sonhado sucesso na carreira Quem entregar resultados, vai mostrar o quanto está pronto para assumir novos desafios. 5 – O clima é diferente Outras informações: Lorena Torres

Elton Mayo and Hawthorne Effect - Studies in Motivation The Hawthorne Studies (also knowns as the Hawthorne Experiments) were conducted from 1927 to 1932 at the Western Electric Hawthorne Works in Cicero, Illinois (a suburb of Chicago). This is where Harvard Business School professor Elton Mayo and Fritz Roethlisberger examined the impact of work conditions in employee productivity. Elton Mayo started these experiments by examining the physical and environmental influences of the workplace (e.g. brightness of lights, humidity) and later, moved into the psychological aspects (e.g. breaks, group pressure, working hours, managerial leadership) and their impact on employee motivation as it applies to productivity. In essence, the Hawthorne Effect, as it applies to the workplace, can be summarized as "Employees are more productive because the employees know they are being studied." Additionally, the act of measurement, itself, impacts the results of the measurement. The Hawthorne Experiments and Employee Motivation Relay Assembly References:

Empreendedores vão ter desconto de 50% no IRS Para promover o empreendedorismo, o Governo vai criar, no próximo ano, um regime favorável para aqueles que iniciarem uma atividade por conta própria. Os empreendedores "independentes e em exclusividade" poderão contar com uma redução de 50% no IRS no primeiro ano de atividade e 25% no segundo. A medida foi anunciada por Paulo Núncio, secretário de Estado dos Assuntos Fiscais, durante a apresentação da Reforma do IRS. A reforma hoje aprovada, detalhou Paulo Núncio, assenta em três pilares: "é pró-família, pró-mobilidade social e pró-significação". Para além desta medida de incentivo ao empreendedorismo, haverá um regime especial para expatriados. Do lado das famílias, o Governo estabeleceu que os casados deixarão de ter um regime fiscal mais penalizador, sendo introduzida a regra da tributação separada, o que permitirá "simplificar e reduzir as obrigações declarativas dos contribuintes".

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