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  • Casual Articles - Under Promise-Over Deliver

    Making Your Purpose Your Business Step #3- Organizing Your Resources & Collections
    In our previous step, Step 2, you were challenged to get active and network with other professionals in your field. By now you should have an abundant source of resources to reference and help you mold your personal aspirations. You should have a collection of bookmarks of peer’s and organization’s websites.You can really gather a lot of information in a short amount of time when you are dealing with the internet. So I recommend keeping organized with your information right from the start. If you are keeping track of your information in a notebook, adopt a method to keep
    paid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or
    Belize IBC Structure
    The country is committed to remaining 100% attractive in terms of its ability to secure the privacy and wealth management of international companies who choose to incorporate and/or bank offshore in Belize. Shareholders and directors can be the same person or corporate entity, there is only one shareholder and director required, they do not need to reside locally in Belize and nominee shareholders and directors can be appointed. There are many potential benefits to establishing an International Business Company offshore, but few jurisdictions offer the features and benefits tha
    As I sat at lunch with the young insurance executive, he raised a question. He had an exclusive contract with an insurance company to sell only their products, but his agents wanted to sell a competitive product as well. My friend wanted to know if it would be morally right to do this through another company in which he had a vested interest. I reminded him that he had made a covenant, a promise. His word or reputation as the most valuable possession he had. Short-term gain would lead to long-term broken promises and pain if he pursued this course. I asked him to consider the intent of the contract, not just the letter of the law.

    Business is about relationships and relationships are built on long-term commitments and established trust. Most of us violate promises every day on the job. We commit to be at a meeting, or to get a report completed by a certain time, or to deliver a new product, or to ship by a certain date, or to pay within terms. Most inefficiency in business is caused by broken promises and lack of meeting deadlines. For example, the customers may not give a shipping order when promised. The custom goods sit on the dock awaiting shipment. Everyone makes little promises that are not kept. They meant to give the purchase order, or ship the part on time, or make the service call promptly, but intention was not fulfilled. What would happen if we did not “over promise” to get the business or “under deliver” after we got the job or the order?

    Broken contracts, unpaid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or

    What Makes Corporate Gifts An Investment?
    Imagine starting your own business. What happens when you find out that you are in the red or close to it at the end of the fiscal year? You do what most business owners do—check your books and find ways to cut corners. Now, the tricky part to cutting corners is to make sure you do not downsize or eliminate something that will turn profits for your company in the future. In examining your books, you notice that advertising was a large expense for your company. You also notice that the employee appreciation celebration made a large imposition on your budget, as well. Looking fur
    de a covenant, a promise. His word or reputation as the most valuable possession he had. Short-term gain would lead to long-term broken promises and pain if he pursued this course. I asked him to consider the intent of the contract, not just the letter of the law.

    Business is about relationships and relationships are built on long-term commitments and established trust. Most of us violate promises every day on the job. We commit to be at a meeting, or to get a report completed by a certain time, or to deliver a new product, or to ship by a certain date, or to pay within terms. Most inefficiency in business is caused by broken promises and lack of meeting deadlines. For example, the customers may not give a shipping order when promised. The custom goods sit on the dock awaiting shipment. Everyone makes little promises that are not kept. They meant to give the purchase order, or ship the part on time, or make the service call promptly, but intention was not fulfilled. What would happen if we did not “over promise” to get the business or “under deliver” after we got the job or the order?

    Broken contracts, unpaid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or

    How to Know What You Know (1)
    Do you know what you know? In many situation we act without even knowing why we act the way we do. If this is true for one person, what would this mean for an organizations?In business, the management of knowledge is not a primary business activity and therefore difficult to manage: The attention for the topic doesn’t normally last long. And than it is just another supportive task, like accounting, administration, human resources: everybody needs it, but not the whole organization is aware of that.Nonaka and Takeuchi have expressed that two processes are very impo
    Most of us violate promises every day on the job. We commit to be at a meeting, or to get a report completed by a certain time, or to deliver a new product, or to ship by a certain date, or to pay within terms. Most inefficiency in business is caused by broken promises and lack of meeting deadlines. For example, the customers may not give a shipping order when promised. The custom goods sit on the dock awaiting shipment. Everyone makes little promises that are not kept. They meant to give the purchase order, or ship the part on time, or make the service call promptly, but intention was not fulfilled. What would happen if we did not “over promise” to get the business or “under deliver” after we got the job or the order?

    Broken contracts, unpaid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or

    Hiding Behind Numbers in Modern Corporations
    Have you ever noticed how companies hide behind their accounting minutia? Using various accounting rules to hide the fact they are not making money, only burning thru capital? Many a company executive will talk about how well the company is doing never will the utter a single negative comment, which might hurt their stock. How can they do this? Well, it is easy the government regulators have made regulations so complex that there is so much they can hide behind that it is hard to tell what is going on, in fact the often fool experienced investors and other accountants, financia
    custom goods sit on the dock awaiting shipment. Everyone makes little promises that are not kept. They meant to give the purchase order, or ship the part on time, or make the service call promptly, but intention was not fulfilled. What would happen if we did not “over promise” to get the business or “under deliver” after we got the job or the order?

    Broken contracts, unpaid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or

    How To Get The Raise You Deserve
    With the improving economy and job market, people have more options in 2006. So the good news is that Corporate India is handing out handsome hikes in pay packets this year to gain and retain the best employees. The modest escalations predominantly, across most platforms, will be in the range of 15 pct and, if you’re at a senior level you could make much, much more as much, in fact, as 200 pct. And still, the good times have only just got rolling, according to some analysts, even at base levels, salaries are rising in the 20-40 pct bracket. In the light of this, it may be the p
    paid bills, strained relationships, overtime hours, late shipments, missed deadlines, and delayed orders seem to be the norm in business today. In a day of “just in time” inventory, some companies seldom deliver as promised. In two businesses in which I am involved, key customers and suppliers have a track record of broken promises. These must be confronted and dealt with or the business will not survive. Let me share some specifics:

    Bill is the CEO of a manufacturing firm that produces certain products. His firm is just now starting to recover from three years of recession in capital expenditures by their industry. A key customer is constantly pressuring for rapid fulfillment but seldom delivers the purchase order on time. Bill must encourage his customers to keep their commitments or his firm is not efficient and not profitable.

    Joe runs a distribution firm in which their exclusive supplier is constantly raising prices due to lack of communication, poor marketing research, and little long term planning. Due to these poor business operational practices by his key supplier, Joe cannot keep his customers accurately informed. These broken promises lead to millions of dollars of lost profits for Joe, his supplier, and his customer. In each of these cases, Bill and Joe need to show their customers and suppliers that when business partners keep their promises, the results are trusting relationships, smooth running operations, and long-term profits.

    In a day in which these types of situations are expected, we as believers in business must be the exception. First of all, we should not make rash promises to get the account or the order. We must instruct our sales team to under promise, not over promise. They should over deliver, not under deliver. God takes promises very seriously. In the Bible promises are called vows, pledges, covenants, or com

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