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Casual Articles - Business Planning Buzzword Bingo
Investing Psychology ead downsizing.Let me share an inspirational story with you, a metaphor which was the catalyst of my personal growth financially and my very own paradigm shift.Busy working or being financially productive!Once upon a time a very strong woodcutter asked for a job in a timber mill, and he got it. The pay was really good and so were the work conditions. For that reason, the woodcutter was determined to do his best. His boss gave him an axe and showed him the area where he was supposed to work. The first week, the woodcutter cut down 18 trees. "Congratulations," the boss said. "Continue going that way!"Very motivated to hear the boss' words, the woodcutter tried harder the next week, but he only could bring 15 trees. The third week he tried ev Capsizing: downsizing gone awry. It's the process of a company repeatedly reducing head count, but not the work, until it goes under. Ducks: as in having one's ducks in a row sometimes as a result of careful bottom up planning. Duck shuffler: a duck shuffler, usually someone in senior management, comes around and rearranges them for you just when you do get all your ducks in a row; usually as a result of top down planning. Employees: people Associates: people Colleagues: people Consultants: people Human resources: people Human capital: people Living assets: people Head count: number of people Contractors: less important people Dotted line: organizatio Preparing For The PMP Certification Exam It's not long past the season of completing business planning and it would be remiss of me not to provide a few helpful definitions of business planning nomenclature.The Project Management Professional (PMP®) certification from the Project Management Institute is the globally recognized standard for project managers. A PMP® certification is often required for new jobs, or it may be a condition for promotion. Taking the next step in your development as a professional project manager requires a commitment of time and energy. Relying on your experience alone won’t be enough to earn the PMP® certification.What to look for when searching for PMP Exam Prep providers: PMP Exam test taking strategySupplemental PMBOK information and exam tipsStudy on critical activities (Network Diagramming, Critical Path, Forward and Backward Pass, etc)Key Formula's and Calculations Bottom up planning: planning completed from the absolute building blocks of the business so that the targets are in complete synchronisation with the resource requirements in terms of capital and operating expenditure, human resources by competency level, systems and processes taking into account any mandatory legal, corporate, government and community requirements. A plan built up from the bottom, brick by brick so that all elements of cause and effect are known. Top down planning: that which occurs when bottom up planning gives the wrong result. Key Result Areas: the areas of the business where the result is key to the business performing well; in most plans written as a list of tasks. Objectives: the objectives of the key result areas of the business; in most plans written as a list of tasks. Activities: the activities required to reach the objectives of the key result areas; in most plans written as a list of tasks. Key Performance Indicators: those variables in the business which indicate whether the objectives of the Key Result Areas are likely to be met; in most plans written as a list of tasks or target dates. Targets: the target range of a variable which indicates whether the objectives in a Key Result Area are likely to be reached; in most plans written as a list of tasks. Tasks: the specific list of tasks which need to be completed for each activity to reach the objectives of each Key Result Area; rarely ever included in a business plan. Decentralisation: a management strategy that involves the diffusion of power throughout different levels of a company. Empowerment: a strategy intended to increase employees' motivation by increasing their involvement in their work. Job satisfaction: the combined attitudes and beliefs (positive or negative) that are held about a job, usually on a real downer when the decentralisation project does not devolve power but just tasks. Planning: the formation of goals and the development of strategies and tactics to achieve these goals. Strategic planning: planning. Corporate planning: planning Tactical planning: planning Business planning: planning Deck: a requirement of each corporate planning presentation; the PowerPoint deck of slides. Fact-based management: consultant speak for evaluating and measuring a given business process, and using those "facts" to streamline it. Anecdotal evidence: information gathered through conversations with a handful of customers, suppliers or salespeople used by stubborn executives to counter fact-based management. Customer Relationship Management: Treating customers as individuals and customizing what you do to make them happy. Large companies do this with multimillion-dollar computer systems. Small companies generally do it with a coffee, handshake and a smile. CRM: see Customer Relationship Management CRM: Consultants Raking in Millions Downsizing: An invented word which is usually paired with re-engineering. It means to have a smaller number of people being employed. Rightsizing: An invented word meant to allay the fears of employees by suggesting that there may be an increase in the number of people employed. Nine times out of ten, read downsizing. Capsizing: downsizing gone awry. It's the process of a company repeatedly reducing head count, but not the work, until it goes under. Ducks: as in having one's ducks in a row sometimes as a result of careful bottom up planning. Duck shuffler: a duck shuffler, usually someone in senior management, comes around and rearranges them for you just when you do get all your ducks in a row; usually as a result of top down planning. Employees: people Associates: people Colleagues: people Consultants: people Human resources: people Human capital: people Living assets: people Head count: number of people Contractors: less important people Dotted line: organization Tracking Down Restaurant Progress jectives of the key result areas of the business; in most plans written as a list of tasks.What can you do to track down your progress on profit or expenses? When progress in numbers is checked, solid evidence is always needed because it’s the only basis of how much a restaurant is earning or losing each day. Is it doing well by average or is it doing better compared to how much you have expected it to earn from day 1? You need to always check on this on a regular basis because it could make or break your business.You also need to know the volume trend of your restaurant and a report of the managerial efficiency for both the customers and the restaurant during hours of operation. This way, you’ll have a clearer picture of what else or how much more your benefits are going to be if you had another way to run your business. Also, Activities: the activities required to reach the objectives of the key result areas; in most plans written as a list of tasks. Key Performance Indicators: those variables in the business which indicate whether the objectives of the Key Result Areas are likely to be met; in most plans written as a list of tasks or target dates. Targets: the target range of a variable which indicates whether the objectives in a Key Result Area are likely to be reached; in most plans written as a list of tasks. Tasks: the specific list of tasks which need to be completed for each activity to reach the objectives of each Key Result Area; rarely ever included in a business plan. Decentralisation: a management strategy that involves the diffusion of power throughout different levels of a company. Empowerment: a strategy intended to increase employees' motivation by increasing their involvement in their work. Job satisfaction: the combined attitudes and beliefs (positive or negative) that are held about a job, usually on a real downer when the decentralisation project does not devolve power but just tasks. Planning: the formation of goals and the development of strategies and tactics to achieve these goals. Strategic planning: planning. Corporate planning: planning Tactical planning: planning Business planning: planning Deck: a requirement of each corporate planning presentation; the PowerPoint deck of slides. Fact-based management: consultant speak for evaluating and measuring a given business process, and using those "facts" to streamline it. Anecdotal evidence: information gathered through conversations with a handful of customers, suppliers or salespeople used by stubborn executives to counter fact-based management. Customer Relationship Management: Treating customers as individuals and customizing what you do to make them happy. Large companies do this with multimillion-dollar computer systems. Small companies generally do it with a coffee, handshake and a smile. CRM: see Customer Relationship Management CRM: Consultants Raking in Millions Downsizing: An invented word which is usually paired with re-engineering. It means to have a smaller number of people being employed. Rightsizing: An invented word meant to allay the fears of employees by suggesting that there may be an increase in the number of people employed. Nine times out of ten, read downsizing. Capsizing: downsizing gone awry. It's the process of a company repeatedly reducing head count, but not the work, until it goes under. Ducks: as in having one's ducks in a row sometimes as a result of careful bottom up planning. Duck shuffler: a duck shuffler, usually someone in senior management, comes around and rearranges them for you just when you do get all your ducks in a row; usually as a result of top down planning. Employees: people Associates: people Colleagues: people Consultants: people Human resources: people Human capital: people Living assets: people Head count: number of people Contractors: less important people Dotted line: organizatio Equipment Every Private Investigator Needs els of a company.Agatha Christie, the well-known mystery writer, always made sure the private investigators she wrote about had the tools they needed to solve the crime. If you are a private investigator, or want to become one, the equipment you use can play a large part in whether you succeed or fail in gathering the information you need.Every investigation is different, but for most cases, you will need to gather some “picture” evidence; that is, photographs or video clips. You don’t need to go to an expensive store to get the right supplies: any local electronics store should have what you need, unless of course you are working for the government. Look for a video or photography camera that has a good, clear picture, a long zoom lens (because you don’t Empowerment: a strategy intended to increase employees' motivation by increasing their involvement in their work. Job satisfaction: the combined attitudes and beliefs (positive or negative) that are held about a job, usually on a real downer when the decentralisation project does not devolve power but just tasks. Planning: the formation of goals and the development of strategies and tactics to achieve these goals. Strategic planning: planning. Corporate planning: planning Tactical planning: planning Business planning: planning Deck: a requirement of each corporate planning presentation; the PowerPoint deck of slides. Fact-based management: consultant speak for evaluating and measuring a given business process, and using those "facts" to streamline it. Anecdotal evidence: information gathered through conversations with a handful of customers, suppliers or salespeople used by stubborn executives to counter fact-based management. Customer Relationship Management: Treating customers as individuals and customizing what you do to make them happy. Large companies do this with multimillion-dollar computer systems. Small companies generally do it with a coffee, handshake and a smile. CRM: see Customer Relationship Management CRM: Consultants Raking in Millions Downsizing: An invented word which is usually paired with re-engineering. It means to have a smaller number of people being employed. Rightsizing: An invented word meant to allay the fears of employees by suggesting that there may be an increase in the number of people employed. Nine times out of ten, read downsizing. Capsizing: downsizing gone awry. It's the process of a company repeatedly reducing head count, but not the work, until it goes under. Ducks: as in having one's ducks in a row sometimes as a result of careful bottom up planning. Duck shuffler: a duck shuffler, usually someone in senior management, comes around and rearranges them for you just when you do get all your ducks in a row; usually as a result of top down planning. Employees: people Associates: people Colleagues: people Consultants: people Human resources: people Human capital: people Living assets: people Head count: number of people Contractors: less important people Dotted line: organizatio What Every Employee Should Know About Putting Positive Phrases Into Customer Service reamline it.If you were a customer on the telephone with a question or complaint and were ready to make big purchase, which of the following phrases by this employee would make you feel welcome and want to complete your transaction? Which would drive you away?* I'm sorry. I didn't get that. * I can't understand what you're trying to say.* Yes, Mr. Jones, I'll be happy to do that for you. * All right. I'll see what I can do about it.* It will take a few minutes. Would you like me to call you back? * Hold on. I'll be right with ya.* Thank you for waiting. I have that information now. * You're out of luck. We don't sell that any more.* Would you spell your name, please? * What did you say your name w Anecdotal evidence: information gathered through conversations with a handful of customers, suppliers or salespeople used by stubborn executives to counter fact-based management. Customer Relationship Management: Treating customers as individuals and customizing what you do to make them happy. Large companies do this with multimillion-dollar computer systems. Small companies generally do it with a coffee, handshake and a smile. CRM: see Customer Relationship Management CRM: Consultants Raking in Millions Downsizing: An invented word which is usually paired with re-engineering. It means to have a smaller number of people being employed. Rightsizing: An invented word meant to allay the fears of employees by suggesting that there may be an increase in the number of people employed. Nine times out of ten, read downsizing. Capsizing: downsizing gone awry. It's the process of a company repeatedly reducing head count, but not the work, until it goes under. Ducks: as in having one's ducks in a row sometimes as a result of careful bottom up planning. Duck shuffler: a duck shuffler, usually someone in senior management, comes around and rearranges them for you just when you do get all your ducks in a row; usually as a result of top down planning. Employees: people Associates: people Colleagues: people Consultants: people Human resources: people Human capital: people Living assets: people Head count: number of people Contractors: less important people Dotted line: organizatio How It's Made - Thermoforming ead downsizing.Are you aware that some of the things we use in our everyday lives are plastics? When we talk about convenience, durability, efficiency, stability, usefulness and practicality in the things we use nowadays, chances are, those things are made out of plastic.One example of this is Zip-lock plastic bags for storing foods. Another one is the Coleman or Rubbermaid coolers we use to keep preserve foods while camping outside or going out of town and water jugs to keep our beverages cool and a handy gadget outdoors. And a lot more of plastics used for everyone's convenience. But these are not just ordinary plastics! Plastic is...- Durable - Reliable - Tough - Helpful - Easy to use - Low in cost1. Thermoformi Capsizing: downsizing gone awry. It's the process of a company repeatedly reducing head count, but not the work, until it goes under. Ducks: as in having one's ducks in a row sometimes as a result of careful bottom up planning. Duck shuffler: a duck shuffler, usually someone in senior management, comes around and rearranges them for you just when you do get all your ducks in a row; usually as a result of top down planning. Employees: people Associates: people Colleagues: people Consultants: people Human resources: people Human capital: people Living assets: people Head count: number of people Contractors: less important people Dotted line: organizational speak for people in a division who do not have direct reporting responsibility to a manager in another division, but have shared responsibility. They always defer to their own division before contacting the manager whom they "dot" into, thus the dotted line is a guaranteed means of confusing people and abdicating accountability. Bubble up: The act of letting an idea or issue rise up the organization chart to a superior; much like bottom up planning. Core competencies: What we do well. “In this plan, we are concentrating on our core competencies”. Translation: “We have been overstretched and our last plan did not work”. Key learnings: that which went wrong with the last plan. Learning opportunity: mistakes made that will somehow be turned into future breakthroughs; a nice way of saying we're trying to make the best of a bad situation. Matrixed environment: an organizational structure where people report to a divisional manager, but have most of their work assigned and managed by a project manager from a different area; working for two bosses.
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