Posts Tagged ‘information’

Accounting is More Than Theory

Some business owners think accounting is boring and they may be right, but then again maybe not. What does that mean? Read the rest of this entry »

Share

Confidential Information

How we designate information as confidential and maintain this confidentiality is often overlooked. Yet confidential information needs two things: accessibility to those who need it and protection from those who don’t.

What Needs to Be Confidential?

I suggest that we work backwards in this process. That is, start with Read the rest of this entry »

Share

Employee Ideas Revisited

Have you ever worked at a place where all decisions were top down ones and employee ideas were ignored? On the other hand, perhaps you are managing a company that operates this way. Companies that do this put themselves at a distinct disadvantage.

Nobody Knows it All

By cutting off employee input management is limiting the knowledge they have to make decisions. They are effectively shutting down Read the rest of this entry »

Share

Excess Information

Information is vital to any business, but just how much can you process and make useful? In the past few years a couple of phrases have been tossed about concerning the information people are receiving. One is TMI, which stands for Too Much Information. The other is Information Overload. Interestingly, the issue of excess information exists at the same time that people also struggle to get Read the rest of this entry »

Share

Internal Communication

Nearly all of us are familiar with the saying, “The left hand doesn’t know what the right hand is doing.” Let’s look at that a little. This comes from the Bible in Matthew 6:3 in regards to giving. In essence it is saying that our giving is a private matter not to be done for show or to impress others. However, there is another way of saying the left hand doesn’t know what the right hand is doing that is somewhat different.

A Little Story

Quite a few years ago I worked for a company that acquired another company. After the acquisition the management of the acquired company became the dominant group. While my role changing was fine with me, there was one thing that was troublesome. There were certain things that Read the rest of this entry »

Share

Validate Your Information

How often do you hear someone tell you something that seems incredible, only to learn later it’s not true? This occurs in both personal and business situations. Of course this makes sense as, whether we like it or not, personal and business get mingled together.

If it Sounds Too Good to be True

We’ve all heard the saying, “If it sounds too good to be true, it probably isn’t.” Of course this is a warning not to believe everything we hear. However, sometimes we are surprised that something actually Read the rest of this entry »

Share

Integrity | A Business Essential

I’m amazed at the number of companies I hear about who have caused customers, employees, and suppliers immense financial pain because of a lack of integrity. Think about the housing bubble and the financial fiasco creating with the collapse of the sub-prime housing market and the bundled loans. What about the Madoff Ponzi scheme? How many people were hurt there?

Trustworthy and Dependability

In the posting Talk to Your Vendors we looked briefly at Read the rest of this entry »

Share

Responding to Unmet Expectations

One of my favorite books of all time is Telling Yourself the Truth by William Backus and Marie Chapian. Essentially the book addresses how we so often tell ourselves things that upon closer examination simply are not true. One particular thing discussed is telling our self lies when someone fails to meet our expectations. Unfortunately this is an easy trap to fall into because we are so often unaware of our self-talk. This leads to something in business that we often do not comprehend. Below is a rather extreme example. Read the rest of this entry »

Share

Justify Spending

Does your company have a way to justify spending? If so, have you realized that there may not be one all-encompassing way? If not, the why spend?

A Little Background

One of the first times I encountered this after college involved justifying expenditures for capital equipment. Actually I don’t even remember what method was used. It could have been return on investment (ROI), time to recover the cost through expense reduction, discounted cash flow or some other method. The point is, though, they did at least have some method in place to justify capital expenditures.

Years later a client would not even entertain the idea of justifying equipment purchases. The only method this particular client used was somebody said they needed it or Read the rest of this entry »

Share

The Messenger Matters

A Modern Day Response

You have undoubtedly heard the expression, “Don’t shoot the messenger.” This is a play on words of the practice in the middle ages of a king or queen having a messenger killed if they did not like the message. Thankfully we no longer kill the messenger, but we have our own version of it.

A Personal Experience

I remember a time quite a while ago when I could not get the needed information from Read the rest of this entry »

Share

Enter your email address:

Delivered by FeedBurner