Mauro Libi: Successful Business Initiatives

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miércoles, 27 de julio de 2016

Mauro Libi Cristani: Improving management from a positive approach

Improving corporate governance is always a goal that is in the mind of every businessman. How to do it is the detail of the case. Business positive psychology offers some how to tools.

It is important to note that all work towards achieving this goal can not be undertaken without regard to human resources, the main ally of every entrepreneur.

The first thing to check is the philosophy of the company and the relationship of this with the environment. Similarly it is essential to evaluate the organization to accurately determine what your strengths, weaknesses, threats and opportunities are.

On the above analysis of the required changes according to the display is made of all organizational globally will be implemented. This holistic view will call attention to the factors, mechanisms or areas that need adjustment, always, as we have said so far in relation to the human factor from the perspective positiva. Mauro Libi

The reformulation of vision, mission, values and points where the strategy of the company is essential.

The extensive knowledge of all these elements will make it possible to have an overview of the organization that will facilitate strengthen, enhance, adjust or change global guidelines. This will be the framework for implementing the positive improvements.

Work teams who work in the organization are important to explore, analyze, study, attending to their environment and culture. The focus should be on those who have a positive boost to replicate it in other groups performance. You can not disconnect the individual or groups of context, so, we insist, any assessment should not neglect the cultural aspect, as noted. This probably has to do with the way in addressing the problems and difficulties to solve them.

Pay attention to what elements can and should be promoted and encouraged, which strengthened and, please, pay attention to what motivates the personal. Mauro Libi.

Check organizational processes, Understand them, especially those aimed at attracting and recruiting talent, training and development. Remember, the good must be strengthened and multiplied. Mauro Libi.

Implementing policies should always aim for repowering autonomy, job enrichment and awareness of its importance.

Do not forget, any improvement in the management necessarily involves the welfare and worker satisfaction.

The review of all these aspects result in improved management and training of a work climate that promotes efficiency, effectiveness and productivity. Mauro Libi.

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martes, 7 de junio de 2016

Mauro Libi: Leadership in business organization

By Mauro Libi. The role played by the leadership in executing a business initiative is essential. The leader must be able to both boost collaboration strategy on the computer and also make workers (in all areas) give the best of themselves with which pushes productivity of the company.

Usually the leaders are based on three premises to promote initiatives:

1) business leaders must be social and to promote a social and collaborative team work culture. Leaders are the example to follow in organizations and that is why their behavior becomes an example for employees and business partners.

For an initiative of internal collaboration to be successful, you must have a good leader. The leader defines and shares the organization's vision of the initiative and the boost from its position. Clearly, this leader must also meet the first premise, ie, must be of a collaborative and enthusiastic culture.

To support the institutionalization of collaborative initiative in organizations, it is advisable to rely on a team that proactively support and are familiar with this type of collaborative initiatives.

2) Leaders must know the internal and external to transmit efficiently the goals. They want to conquer the short, medium and long term. The leader must be able to communicate plans, vision and the mission of the company, then couple those goals to the staff to embark on the same vehicle that will take the business to position itself in the market successfully.

3) Actual future. visionary product or service has the potential of business operations depending on who has them among consumers of the future, do not think that the market is static because its dynamism reflects us that the only constant is change .

From there, the first steps must include an analysis of the companies that are already operating in the sector and their ability to react to us, and a reflection on the binomial investment initially required level and experience available.

The simplest and most effective formula to know if we have an entrepreneurial spirit is alone in being honest with yourself, do not try to magic formulas or better result. Quality and quantity should be a requirement as a representative way of being, seeing and doing things, and the formulas and the best results will come.

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martes, 24 de mayo de 2016

Mauro Libi: Business Management Strategy

Business Management is the science of management of a business by the collective effort of those who take part in the decision making process of the business. Business management is a crucial branch of study for all types of businesses from small businesses to large corporations. Business management is the optimum allocation of resources, both human and physical to achieve various organizational goals. In more specific terms, business management deals with crucial decisions and steps that a business has to undertake to accomplish its desired output and stability. It is the summary of the issues addressed by the entrepreneur or the business authorities to realize the long-term as well as the short-term objectives of the business and the required profit margins.

Business management essentially deals with the issues of planning, organizing, directing and controlling. While planning is undertaken by the manager or supervisor, directing is the supervision so that workers work towards accomplishment of the goals the business has set to achieve and controlling is the process of evaluation of output produced towards that objective. It should be noted in this context that planning consists of tactical planning (short term), strategic planning (long term) and contingency planning which allows for alternative courses of the organization when the primary plans that have been developed do not meet the desired objectives.

Business Management Strategy can be defined as the strategies undertaken to attain the most efficient business management for a corporation, medium-sized or small scale business. It was first developed as a discipline in the 1950’s and 60’s which gained much momentum in the 1970’s through growth and portfolio theory. Business management strategies are the all inclusive steps that the businesses should follow to attain its long-term objectives so as to achieve the highest rates of growth and profits in the long run. Business management strategy can be illustrated as a process of specifying a company’s objectives, developing policies and plans to achieve these objectives and the allocation of resources in the direction of implementing the policies and attaining these objectives. Most importantly, business management strategy is a dynamic process which encompasses all the industries and businesses in which the company is involved in a framework akin to that of game theory.

In terms of advanced economic analysis, an optimal game theory solution can be theorized in which all participants of the game reach their optimal solution which will be identical to the solution if everybody behaves independently of each other. Business management strategy or strategic management is a combination of strategy formulation and strategy implementation and the fundamental premise rests on assessing the competitors of a business and setting goals and strategies to counter any moves of the existing and potential competitors and reviewing their personal strategies annually or quarterly to determine how it has been implemented and whether it needs to be replaced in the event of new competitors and a changed social, financial, political and economic environment. Business strategy based on the industrial organization approach is based on economic theory and deals with issues such as competitive rivalry, resource allocation and the economies of scale. Strategy formulations mainly include self evaluation and competitor analysis which determines the objectives and the planning strategies are devised according to them. Strategic planning sometimes will depend on various external factors such as the policies of the government and other extraneous reasons such as a market crisis. Strategy implementations deal with the allocation of resources and assigning responsibilities or tasks to specific individuals or groups towards the attainment of the planned objectives. It is also concerned with evaluating the efficiency and efficacy of the process of business management strategy, i.e. moving towards the set goals, adjustments to the process if needed and documentation and integration of the process.

Business management strategies can be said to be fundamentally hinged on the basic market principles of getting people their most suitable jobs, effective Research and Development activities, establishing certain standards, delegation of duties and improving the cash flow to the company.

Business Management strategies can be viewed from various approaches such as the industrial organization approach and the sociological approach based on human interactions and strong human relations between the lowest and highest level of managerial authority. There is also a strategy hierarchy that can be divided into functional strategy and operational strategy where functional strategies include marketing strategies, product development strategies, human resource strategies, financial strategies and information technology strategies as opposed to operational strategies which include the day-to-day functioning of the business or the corporate organization. In this context, we can mention the concept of the of Business Process Management (BPM) which is defined as the juncture between Business Management and Information Technology and deals with tools and techniques to design, control and analyze the operational business processes of a business. The main asset or quality of the business process management is the improvement in the business processes through new software tools called the BPM systems which have made such activities faster and cheaper.

BY ECONOMYWATCH

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jueves, 19 de mayo de 2016

Mauro Libi: Business initiative creates an aura of positive thinking and feelings in the company

By Mauro Libi. Genius is one percent inspiration and ninety-nine percent perspiration. Accordingly, a 'genius' is often merely a talented person who has done all of his or her homework." - Thomas Edison.

The great inventor and businessman, Thomas Edison

Genius is largely the result of hard work, rather than an inspired flash of insight.

15 Inventions From Thomas Edison That Changed The World. Born 167 years ago on Feb. 11, 1847, Thomas Edison was an incredibly successful inventor, scientist, and businessman, accumulating 1,093 patents in his lifetime.

Thomas Edison is the first of individuals to design and offer mass production of an invention, simply by using his own invention. Also, the phonograph as well as other inventions brought financial promise too.

We know of Thomas Edison as the inventor, few however know how successful he was as a businessman. Many of Edison's inventions are still being used today. However, it is business side that I wish to focus on. He followed many of the principles of modern business. One such concept is business initiative. Initiative is a modern term for the word that Edison called perspiration.

In simple terms business initiative is the drive, the desire. A manager that has initiative has a drive to succeed. Such a manager creates an atmosphere among his employees to also want to do their very best and constantly improve. Without such an initiative coming from top management you can get s trickledown effect where employees are there only to collect a salary. Without such initiative there would be no pride in the work or product or services that is produced and quality will suffer. Motivation levels of the staff are higher. A manager who shows much initiative in attaining results will also encourage his or her staff to do the same.

A company with the proper initiative has a strong desire to be best in technology. No company on the market will surpass them in quality nor in technology. Such a company will invest in research and development and in the education of their employees.

Business initiative creates an aura of positive thinking and feelings in the company. They have the desire to sell , the hunger for it and they truly believe in their companies product. As a result their sakes department will break records in sales of their product. Initiative makes one feel positive. The drive to do things makes one feel very enterprising and the staff would feel very happy in their office environment. Being happy means, better results.

Higher profits can be attained. Initiative to perform well results in good profits. The staff will perform well. Targets can be achieved. One must have substantial initiative to achieve targets.

Not to be outdone, that disciple of earnest endeavour John Ruskin wasn't to be left out. In Notes by Mr Ruskin on His Collection of Drawings by the late J. M. W. Turner, 1878, he made the observation that:

I know of no genius but the genius of hard work.( By Mauro Libi)

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jueves, 12 de mayo de 2016

Mauro Libi: Success in creating new growth again and again

Growth opportunities are different from the core business. They require different skills and metrics and a thorough understanding of customers’ priorities. Most of all, they require a genuine commitment — not just fair-weather promises — from the top. These authors have developed principles that senior managers can apply and institutionalize to ensure the success of new growth opportunities said an article published by Ivey business journal.

Most senior managers know intuitively that relying on the inspired efforts of a few maverick managers to find and nurture new-growth opportunities is a recipe for stagnation. The odds of success are long, even for the best ideas, and in most companies the number of talented mavericks can be counted on one hand. Putting the whole burden of change on their shoulders will only produce frustration for the mavericks and stagnation for the company.

Success in creating new growth again and again lies in developing a systematic, organizational capability to identify, shape, and nurture new-growth initiatives. And the responsibility for doing that lies with the CEO and the entire senior management team.

Of course, achieving that goal isn’t easy. Most senior managers who recognize the urgency of new growth get hung up on a series of thorny issues:

· Creating innovative new-growth initiatives without losing discipline and focus on the core business.

· Reconciling the pressure for short-term earnings with multiplying requests for seed funding.

· Supporting innovative thinkers and risk takers without signalling neglect of the core business.

· Sorting out the opportunities that could truly move the stock price from those that are likely to produce only marginal improvements.

· Finding the time to guide and coach new-growth teams without neglecting the other burning issues on the agenda.

Managing these tensions is a long-term discipline rather than a problem to be solved once and for all. No single set of formulas will fit all companies. However, an examination of the practices of firms that have successfully fostered new-growth initiatives suggests that there are six principles that managers can apply to ensure that these initiatives succeed. Those principles are:

1. Make operational excellence in the core business your cornerstone.

2. Treat growth as a discipline to be pursued at all levels throughout the company.

3. Develop many small, maverick ideas, not a few large ones.

4. Shift resources from product and technology innovation to customer and business innovation.

5. Organize to suit the needs of the new business as much as the core business.

6. Use selective acquisitions and alliances to catalyze growth.

by: Adrian Slywotzky, Richard Wise

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jueves, 28 de abril de 2016

Mauro Libi: Business Productivity

Business Productivity is the ability of an organization to utilize its available resources in order to produce profitable goods or services as desired by customers or clients. It is the productivity that measures the performance of an organization, and it can also be used for companies themselves in order to assess their own progress.

Productiveness increases the overall efficiency of an organization. When the efficiency of the organization increases, the production capacity of the company is utilized to the optimum level. Thus, all resources are used in an effective and efficient manner to get the best possible results. As is often indicated by business, the more products you make, the lower your overhead, and the higher your profits.

Enhanced production lowers the cost per unit of a product which in turn, results in lower prices for better quality, which enhances a business’ competitiveness in the market. In the current turbulent world, every organization faces stiff competition from their counterparts. Hence, lower prices as a result of enhanced production give an edge to businesses to sell products at more competitive prices. If the rates are competitive, the business is in a better position to attract more customers and make more sales. This is the primary motive of any business organization.

Increased production due to efficient utilization of organizational resources leads to a lower cost production resulting in better sales and profits. If the profits of an organization shoot up, it increases the confidence of investors in the organization. Moreover, the share value of the company increases. Due to this, the reputation and goodwill of the organization increases.

Similarly, the business can share a portion of its profits as a result of enhanced production with its employees. This boosts the morale of the employees as they get to enjoy a part of the profits and the satisfaction of a job well done. As a result, their working efficiency tends to increase which in turn, further increases the production of the company. As you can start to see, there is a snowball of business success that starts with increased productivity.

Productivity is much more important than revenues and profits of the organization because profits only reflect the end result whereas productivity reflects the increased efficiency as well as effectiveness of business policies and processes. Moreover, it enables a business to find out its strengths and weaknesses. It also lets the business easily identify threats as well as opportunities that prevail in the market as a result of competition and changes in business environment.

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