Practices

RISK MANAGEMENT

All business proceeds on beliefs or judgments of probabilities, and not on certainties. Charles Eliot, President Harvard University   By consciously or unconsciously calculating probabilities, we make intelligent decisions and take control of our lives.  We don’t make a conscious risk analysis but intuitively look at alternatives at how we live day-to-day.  When we’re confident …

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TIME MANAGEMENT

The first person gets the oyster; the second person gets the shell. Andrew Carnegie, business person   Forbes Magazine calls time or specifically the lack of it “the biggest issue of our age.”  More work is conducted in Internet time.  Fast, seamless, and almost instantaneous.  Response times are squeezed to seize business opportunities or surpass …

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STAKEHOLDER MANAGEMENT

Be everywhere, do everything, and never fail to astonish the customer. Margaret Getchell   The competitive argument goes something like this: time is of the essence.  Time to market is getting shorter.  Sometimes, products are obsolete by the time they’re developed.  Stakeholder or customer requirements are increasing. When I get poor quality service, it’s personal.  …

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GOOD PRACTICES MATTER

There are 10 to 1 differences in productivity between companies within the same industries. Steve McConnell, Software Developer Let’s look at paradigms again.  Paradigms are defined in terms of a game.  A game has a set of rules, which participants must follow.  The game often has boundaries such as a racquetball court, baseball park, or …

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Delighted Customers

Tom Peters, the management guru, has stressed for years that customers need to be delighted, amazed, and even wowed. Simply meeting customer requirements won’t differentiate a Brand U or his or her products from the competition anymore. To surpass expectations, the Brand U listens very carefully to customers so they’re pleased at the moment of …

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