This document discusses management style at Tintoria Ltd, a dry cleaning company. It describes the company's vision of being an environmentally friendly, world-class quality service enterprise. It explains that the management leads through vision and values learning, innovation, and relationships. Management practices "walking around" to check on employees, ask for suggestions, and recognize good work. Management aims to visit all employees equally and will follow up later if unable to answer a question immediately, in order to build trust.
Management by walking around emphasizes the importance of interpersonal contact, open appreciation, and recognition. It is one of the most important ways to build civility and performance in the workplace.
Management by Walking Around (MBWA) is an effective management technique where managers visit employees informally to understand projects better. While traditionally done in-person, virtual teams now require a virtual form of MBWA. A conceptual virtual MBWA solution would use intelligent project management software to allow rapid Q&A reviews of all projects. Managers could drill down into risk areas and combine virtual tools like videoconferencing. Information would be centralized for access by authorized personnel to manage and document the virtual MBWA process. This conceptual solution aims to reproduce the benefits of visibility, control and optimization that traditional MBWA provided to help ensure project success.
Will The Role And Influence of the Employee be Different in the New World of...Unstructure
The document discusses how the role of employees may change in the new world of work. It notes that management has often failed and incentives have been misaligned. Novel management models are emerging that focus more on employee satisfaction, recruit based on skills rather than resumes, and celebrate mistakes. The role of employees may change with more freelance workers and tools for aggregating employee views being utilized by innovative managers.
The ROI of HR: Building the HR SupergroupPeopleFirm
The document discusses how HR can build an "HR supergroup" to increase their return on investment (ROI) and drive business results. It recommends that HR (1) align their strategies and work closely with business objectives, (2) reduce non-impactful busywork to free up time for strategic priorities, and (3) focus resources on initiatives that address the biggest talent and organizational gaps. HR should also (4) structure their teams optimally between administrative and strategic functions and (5) measure impact through analytics rather than just activities. For maximum effect, HR leaders should (6) participate strategically with the CEO and CFO.
The manager dilemma: why we need to rethink our approach to management... and...PeopleFirm
The document discusses the problem of companies promoting functional experts to management positions without ensuring they have the proper skills to manage people effectively. It recommends flattening organizational structures with fewer managers, redefining management roles to focus on people skills over functional work, carefully selecting new managers based on their interests and abilities in managing others, and providing leadership training to prepare new managers for their roles. Implementing these changes would help companies develop stronger managers and improve employee experiences and performance.
Culture... if you have a fun committee you're doing it wrong.PeopleFirm
We’ve all done it: the fun committees, the table tents, the posters… but when it comes down to it, we know that’s not how we really get the organizational culture we want—or the business performance we need. Instead, we need to change the things that really matter, like how our people work together to achieve business impact. But how does one do that best?
Let's take a look at the decisions, processes, and policies (big and small) that actually work to evolve your org culture.
Middle managers are pivotal to an organization's success but often receive little attention from senior management. They include team leaders, shift leaders, supervisors, and assistant managers who were usually promoted from within. While middle managers face challenges like lack of influence and long hours, they should be viewed as a valuable resource when empowered through training, praise, and responsibility. When freed from impediments, middle managers are able to shine and greatly improve business performance. Successful organizations humblely recognize everyone's contributions and foster gratitude among employees.
The document provides advice from over 50 CEOs for new CEOs taking on their first CEO role. The key pieces of advice are to:
1) Move quickly to establish a narrow set of high-impact priorities and drive them relentlessly with a sense of urgency in the first 6-9 months.
2) Make fast decisions around talent, even if difficult, and remove underperforming people from key roles.
3) Stop doing your old job and establish a new identity as the leader, delegating tasks even if you think you can do them better.
4) Admit your weaknesses and seek help from other talented leaders to complement your skills and focus on areas of maximum impact.
Management by walking around emphasizes the importance of interpersonal contact, open appreciation, and recognition. It is one of the most important ways to build civility and performance in the workplace.
Management by Walking Around (MBWA) is an effective management technique where managers visit employees informally to understand projects better. While traditionally done in-person, virtual teams now require a virtual form of MBWA. A conceptual virtual MBWA solution would use intelligent project management software to allow rapid Q&A reviews of all projects. Managers could drill down into risk areas and combine virtual tools like videoconferencing. Information would be centralized for access by authorized personnel to manage and document the virtual MBWA process. This conceptual solution aims to reproduce the benefits of visibility, control and optimization that traditional MBWA provided to help ensure project success.
Will The Role And Influence of the Employee be Different in the New World of...Unstructure
The document discusses how the role of employees may change in the new world of work. It notes that management has often failed and incentives have been misaligned. Novel management models are emerging that focus more on employee satisfaction, recruit based on skills rather than resumes, and celebrate mistakes. The role of employees may change with more freelance workers and tools for aggregating employee views being utilized by innovative managers.
The ROI of HR: Building the HR SupergroupPeopleFirm
The document discusses how HR can build an "HR supergroup" to increase their return on investment (ROI) and drive business results. It recommends that HR (1) align their strategies and work closely with business objectives, (2) reduce non-impactful busywork to free up time for strategic priorities, and (3) focus resources on initiatives that address the biggest talent and organizational gaps. HR should also (4) structure their teams optimally between administrative and strategic functions and (5) measure impact through analytics rather than just activities. For maximum effect, HR leaders should (6) participate strategically with the CEO and CFO.
The manager dilemma: why we need to rethink our approach to management... and...PeopleFirm
The document discusses the problem of companies promoting functional experts to management positions without ensuring they have the proper skills to manage people effectively. It recommends flattening organizational structures with fewer managers, redefining management roles to focus on people skills over functional work, carefully selecting new managers based on their interests and abilities in managing others, and providing leadership training to prepare new managers for their roles. Implementing these changes would help companies develop stronger managers and improve employee experiences and performance.
Culture... if you have a fun committee you're doing it wrong.PeopleFirm
We’ve all done it: the fun committees, the table tents, the posters… but when it comes down to it, we know that’s not how we really get the organizational culture we want—or the business performance we need. Instead, we need to change the things that really matter, like how our people work together to achieve business impact. But how does one do that best?
Let's take a look at the decisions, processes, and policies (big and small) that actually work to evolve your org culture.
Middle managers are pivotal to an organization's success but often receive little attention from senior management. They include team leaders, shift leaders, supervisors, and assistant managers who were usually promoted from within. While middle managers face challenges like lack of influence and long hours, they should be viewed as a valuable resource when empowered through training, praise, and responsibility. When freed from impediments, middle managers are able to shine and greatly improve business performance. Successful organizations humblely recognize everyone's contributions and foster gratitude among employees.
The document provides advice from over 50 CEOs for new CEOs taking on their first CEO role. The key pieces of advice are to:
1) Move quickly to establish a narrow set of high-impact priorities and drive them relentlessly with a sense of urgency in the first 6-9 months.
2) Make fast decisions around talent, even if difficult, and remove underperforming people from key roles.
3) Stop doing your old job and establish a new identity as the leader, delegating tasks even if you think you can do them better.
4) Admit your weaknesses and seek help from other talented leaders to complement your skills and focus on areas of maximum impact.
The document outlines 10 steps to building a high performance organization: communicate effectively; harness technology to support business goals; develop a succession plan; recognize and reward top performers; create a learning culture; establish an earning culture where value is rewarded; ensure the right people are in positions to create value; define metrics to measure processes; understand and serve customers; and define business strategy and regularly revisit it. The overall message is that following these steps can help build a high-value organization focused on continuous improvement and creating value for customers.
Organizations are changing
Now, as the digital disruption is approaching the plateau of productivity, the next disruption is emerging, namely how we organize us.
Focus is going to be on organizing, not organizations
1: Smaller teams
2: Relations beat skills
3: Intense sprints
4: Everyone is a leader
5: Listen, then decide
6: Sense-making
7: Step down from the Ivory Tower
8: Follower-ship beats leadership
9: Not more, but better
“With great power comes great responsibility”
Taking responsibility is the first step towards leadership. One cannot exist without the other. Effective leaders do not manage people, instead they inspire, coach and enable the people they work with. Experience the difference with People-centric leadership as you put ‘people’ first in people management.
This presentation is used in interactive sessions that help managers with people responsibilities to honestly explore their leadership skills and equip them with the building blocks required to practice people-centric leadership. It’s time we shift our focus back on the people who make our teams and the organization a success story.
Unrelenting Change and What to Do About ItPeopleFirm
In today's do-it-now world, change is unrelenting. So, what steps do leaders need to take to make sure their people are ready, willing, and able to meet that change and thrive?
Part 7: How to actually improve engagement, not just pester your people with ...PeopleFirm
When we say, "employee engagement", what do you think of?
If you answered "a survey", you're not alone... but is a survey really the best way to dive engagement in your organization? We don't think so.
- Provide guidance and support
- Help you stay on track
- Accountability partner
- Sounding board
- Fresh perspective
- Motivation booster
Available via email or phone
between meetings
www.nucleusofchange.com/nec
This document discusses leadership and what makes an effective leader. It begins by stating that leadership is important for organizational success beyond just management, business acumen, and technical skills. It then defines leadership as having two components - results and relationships. The document contrasts the roles of managers and leaders, noting that managers focus on controlling processes while leaders focus on engaging people and pursuing change. It emphasizes that true leadership comes from personal influence rather than formal position or authority. Overall, the document argues that strong leadership is needed for organizations to adapt to changing times.
Culture Summit 2019 - Using Best-Self Management to Unlock Employee Potential...Culture Summit
In contrast to Performance Management, Best-Self Management proposes that when leaders build cultures and institute practices that support people in being and becoming their Best Selves, then high performance and uncommon loyalty is the natural result.
15Five’s Best-Self Management training integrates research such as the Growth Mindset, Strengths-based management, Psychological Safety, and Positive Psychology. We also incorporate a Best-Self discovery process, a weekly check-in, and regular one on one meetings.
Best-Self Management places a high degree of attention on helping to reflect and refine a person’s strengths, plan out their Personal Development Objectives, and continue to focus them on their own personal growth and development journey.
Learn more at www.culturesummit.co
1. The document discusses different leadership styles including the director, coach, supporter, and delegator styles. It also discusses developing leadership skills through understanding one's comfort zone with different styles.
2. Key leadership practices identified include challenging processes, inspiring a shared vision, enabling others to act, modeling the way, and encouraging employee hearts. Effective leadership requires aspects of both managing and leading.
3. Different types of thinking are discussed, including directional thinking which involves setting opportunities and decisions to establish a vision or direction for an organization. Servant leadership and its focus on serving employees is also covered.
Want your org to rise to the top? Look to your leaders.PeopleFirm
Great leadership isn't something that comes naturally to most people – and, frankly, we often promote for technical or subject proficiency, not people skills. Unfortunately, good leaders are also increasingly more important for the success of today's organizations. Today's world of work, with its high speed of change, virtual teams, varied generations and cultures, and evolving workplace, requires leaders that can not only keep up, but thrive and inspire in this chaotic world.
But too few organizations actually invest in developing that level of leadership.
What do we do about it? How do we build great leaders, both on an individual level and across the enterprise? Check out our 3-minute postcard on building the four cornerstones of great leadership!
To become a better manager, one must build relationships with employees by getting to know them personally, set clear expectations for work, become skilled at delegating tasks to others, provide and accept constructive feedback, maintain consistency in managing employees, and avoid micromanaging by focusing on outcomes rather than processes. Managers should also continuously work to improve their leadership skills through training courses and challenging work experiences.
This document provides 10 tips for managers to improve their management skills. The tips include being an example without being the only example, properly monitoring delegated tasks, having effective meetings, giving constructive feedback, improving negative workplace cultures, properly planning staff reviews, avoiding gossip, guiding culture with corporate values, knowing when to hire an executive assistant, and handling IT issues with care. The overall document aims to help managers navigate challenges and engage and motivate their staff.
This document summarizes a presentation on project leadership and taking a people-first approach to project management. The presentation discusses how organizations are increasingly focusing on leadership skills in addition to technical skills. It also covers keys to project success like focusing on teams, collaboration, understanding people's motivations and communication styles. The presentation promotes embracing a people-first approach to project management by engaging stakeholders, building teams and demonstrating leadership.
Leading Change: 5 ways to transform your organisation's cultureEnnovate
A guide to leading change is based upon the authors experiences of over 10 years research and insights gained from working across multiple industries and helping large organisations to deliver transformative change. The authors are Ian Duncan and Cormac Murphy.
This document summarizes a presentation on leadership and management in an agile world. It discusses how the role of management has changed due to increased business volatility and the need for agility. Traditional management theories are over 100 years old and may not be suited for today's environment where the only constant is change. Agile approaches emphasize collaboration, continuous learning, and empowering self-managed teams. The presentation examines different leadership styles and how to create a culture supportive of agility through practices like sharing power, decentralizing decision-making, coaching teams, and focusing on customer value over compliance.
This document outlines an entrepreneurial leadership training session. It includes introductions where participants share their name, job, and why they are attending. It then discusses traits of entrepreneurial people like being comfortable interacting with others and having curiosity. Common reasons for becoming an entrepreneur are discussed like autonomy, flexibility and control over one's life. Key leadership traits mentioned include doing the right thing, influence through relationships to create real change and shared purpose. The document emphasizes that the number one priority for businesses should be remarkable products/services and operations with remarkable employees, and that the most important daily behavior is focusing on one's core performance and caring for others.
This document discusses the concept of "lifework", which combines life and work into an integrated existence, as a new way of working and living. It describes the current issue of "summit syndrome", where many senior managers and leaders experience conflicts after prioritizing their careers over other life goals. The document then presents lifeworking as an alternative philosophy that does not separate life and work into distinct spheres, but instead meshes the two together. It provides three possible paths for high achievers to adopt lifeworking and discusses overcoming the barriers of defining purpose and fears of change.
Stuart Friedman is an international business consultant, executive advisor, speaker, and author. He is the founder of Progressive Management Associates, a management consulting firm focused on aligning employees to strategic goals. As a consultant, Friedman helps organizations improve performance through leadership coaching, team assessments and off-sites. He takes a direct approach to communication and guides clients to achieve results beyond what they think is possible.
Management by walking around is a good start here’s what to do while walking-...Thomas Tanel
‘Management by walking around’ is a good start; here’s what to do while walking. Getting out on the floor of the
DC is a crucial management tactic. But if you walk around only once in a while, you run the risk of what Tom Tanel calls the “lip-service presentation and eyewash tour.”
IFRS changes from 2014 to 2018 were summarized, including new standards like IFRS 15 Revenue from Contracts with Customers effective 2017 and IFRS 9 Financial Instruments effective 2018. Major changes covered IAS 32, IAS 36, IFRS 10/12, IFRIC 21 Levies, annual improvements, and various amendments. The presentation provided a high-level overview of new requirements and effective dates for upcoming changes to IFRS.
The document outlines 10 steps to building a high performance organization: communicate effectively; harness technology to support business goals; develop a succession plan; recognize and reward top performers; create a learning culture; establish an earning culture where value is rewarded; ensure the right people are in positions to create value; define metrics to measure processes; understand and serve customers; and define business strategy and regularly revisit it. The overall message is that following these steps can help build a high-value organization focused on continuous improvement and creating value for customers.
Organizations are changing
Now, as the digital disruption is approaching the plateau of productivity, the next disruption is emerging, namely how we organize us.
Focus is going to be on organizing, not organizations
1: Smaller teams
2: Relations beat skills
3: Intense sprints
4: Everyone is a leader
5: Listen, then decide
6: Sense-making
7: Step down from the Ivory Tower
8: Follower-ship beats leadership
9: Not more, but better
“With great power comes great responsibility”
Taking responsibility is the first step towards leadership. One cannot exist without the other. Effective leaders do not manage people, instead they inspire, coach and enable the people they work with. Experience the difference with People-centric leadership as you put ‘people’ first in people management.
This presentation is used in interactive sessions that help managers with people responsibilities to honestly explore their leadership skills and equip them with the building blocks required to practice people-centric leadership. It’s time we shift our focus back on the people who make our teams and the organization a success story.
Unrelenting Change and What to Do About ItPeopleFirm
In today's do-it-now world, change is unrelenting. So, what steps do leaders need to take to make sure their people are ready, willing, and able to meet that change and thrive?
Part 7: How to actually improve engagement, not just pester your people with ...PeopleFirm
When we say, "employee engagement", what do you think of?
If you answered "a survey", you're not alone... but is a survey really the best way to dive engagement in your organization? We don't think so.
- Provide guidance and support
- Help you stay on track
- Accountability partner
- Sounding board
- Fresh perspective
- Motivation booster
Available via email or phone
between meetings
www.nucleusofchange.com/nec
This document discusses leadership and what makes an effective leader. It begins by stating that leadership is important for organizational success beyond just management, business acumen, and technical skills. It then defines leadership as having two components - results and relationships. The document contrasts the roles of managers and leaders, noting that managers focus on controlling processes while leaders focus on engaging people and pursuing change. It emphasizes that true leadership comes from personal influence rather than formal position or authority. Overall, the document argues that strong leadership is needed for organizations to adapt to changing times.
Culture Summit 2019 - Using Best-Self Management to Unlock Employee Potential...Culture Summit
In contrast to Performance Management, Best-Self Management proposes that when leaders build cultures and institute practices that support people in being and becoming their Best Selves, then high performance and uncommon loyalty is the natural result.
15Five’s Best-Self Management training integrates research such as the Growth Mindset, Strengths-based management, Psychological Safety, and Positive Psychology. We also incorporate a Best-Self discovery process, a weekly check-in, and regular one on one meetings.
Best-Self Management places a high degree of attention on helping to reflect and refine a person’s strengths, plan out their Personal Development Objectives, and continue to focus them on their own personal growth and development journey.
Learn more at www.culturesummit.co
1. The document discusses different leadership styles including the director, coach, supporter, and delegator styles. It also discusses developing leadership skills through understanding one's comfort zone with different styles.
2. Key leadership practices identified include challenging processes, inspiring a shared vision, enabling others to act, modeling the way, and encouraging employee hearts. Effective leadership requires aspects of both managing and leading.
3. Different types of thinking are discussed, including directional thinking which involves setting opportunities and decisions to establish a vision or direction for an organization. Servant leadership and its focus on serving employees is also covered.
Want your org to rise to the top? Look to your leaders.PeopleFirm
Great leadership isn't something that comes naturally to most people – and, frankly, we often promote for technical or subject proficiency, not people skills. Unfortunately, good leaders are also increasingly more important for the success of today's organizations. Today's world of work, with its high speed of change, virtual teams, varied generations and cultures, and evolving workplace, requires leaders that can not only keep up, but thrive and inspire in this chaotic world.
But too few organizations actually invest in developing that level of leadership.
What do we do about it? How do we build great leaders, both on an individual level and across the enterprise? Check out our 3-minute postcard on building the four cornerstones of great leadership!
To become a better manager, one must build relationships with employees by getting to know them personally, set clear expectations for work, become skilled at delegating tasks to others, provide and accept constructive feedback, maintain consistency in managing employees, and avoid micromanaging by focusing on outcomes rather than processes. Managers should also continuously work to improve their leadership skills through training courses and challenging work experiences.
This document provides 10 tips for managers to improve their management skills. The tips include being an example without being the only example, properly monitoring delegated tasks, having effective meetings, giving constructive feedback, improving negative workplace cultures, properly planning staff reviews, avoiding gossip, guiding culture with corporate values, knowing when to hire an executive assistant, and handling IT issues with care. The overall document aims to help managers navigate challenges and engage and motivate their staff.
This document summarizes a presentation on project leadership and taking a people-first approach to project management. The presentation discusses how organizations are increasingly focusing on leadership skills in addition to technical skills. It also covers keys to project success like focusing on teams, collaboration, understanding people's motivations and communication styles. The presentation promotes embracing a people-first approach to project management by engaging stakeholders, building teams and demonstrating leadership.
Leading Change: 5 ways to transform your organisation's cultureEnnovate
A guide to leading change is based upon the authors experiences of over 10 years research and insights gained from working across multiple industries and helping large organisations to deliver transformative change. The authors are Ian Duncan and Cormac Murphy.
This document summarizes a presentation on leadership and management in an agile world. It discusses how the role of management has changed due to increased business volatility and the need for agility. Traditional management theories are over 100 years old and may not be suited for today's environment where the only constant is change. Agile approaches emphasize collaboration, continuous learning, and empowering self-managed teams. The presentation examines different leadership styles and how to create a culture supportive of agility through practices like sharing power, decentralizing decision-making, coaching teams, and focusing on customer value over compliance.
This document outlines an entrepreneurial leadership training session. It includes introductions where participants share their name, job, and why they are attending. It then discusses traits of entrepreneurial people like being comfortable interacting with others and having curiosity. Common reasons for becoming an entrepreneur are discussed like autonomy, flexibility and control over one's life. Key leadership traits mentioned include doing the right thing, influence through relationships to create real change and shared purpose. The document emphasizes that the number one priority for businesses should be remarkable products/services and operations with remarkable employees, and that the most important daily behavior is focusing on one's core performance and caring for others.
This document discusses the concept of "lifework", which combines life and work into an integrated existence, as a new way of working and living. It describes the current issue of "summit syndrome", where many senior managers and leaders experience conflicts after prioritizing their careers over other life goals. The document then presents lifeworking as an alternative philosophy that does not separate life and work into distinct spheres, but instead meshes the two together. It provides three possible paths for high achievers to adopt lifeworking and discusses overcoming the barriers of defining purpose and fears of change.
Stuart Friedman is an international business consultant, executive advisor, speaker, and author. He is the founder of Progressive Management Associates, a management consulting firm focused on aligning employees to strategic goals. As a consultant, Friedman helps organizations improve performance through leadership coaching, team assessments and off-sites. He takes a direct approach to communication and guides clients to achieve results beyond what they think is possible.
Management by walking around is a good start here’s what to do while walking-...Thomas Tanel
‘Management by walking around’ is a good start; here’s what to do while walking. Getting out on the floor of the
DC is a crucial management tactic. But if you walk around only once in a while, you run the risk of what Tom Tanel calls the “lip-service presentation and eyewash tour.”
IFRS changes from 2014 to 2018 were summarized, including new standards like IFRS 15 Revenue from Contracts with Customers effective 2017 and IFRS 9 Financial Instruments effective 2018. Major changes covered IAS 32, IAS 36, IFRS 10/12, IFRIC 21 Levies, annual improvements, and various amendments. The presentation provided a high-level overview of new requirements and effective dates for upcoming changes to IFRS.
The document provides an overview of balance sheets, including their purposes, elements, and reporting classifications. Some key points:
1) A balance sheet summarizes a company's financial position by reporting assets, liabilities, and equity as of a specific date based on the basic accounting equation of assets equaling liabilities plus equity.
2) It helps users assess the company's liquidity, financial flexibility, operating capability, and income-producing performance.
3) Elements recognized in the balance sheet must meet certain criteria and be measurable, relevant, and reliable. Major elements are assets, liabilities, and equity.
4) Assets and liabilities are generally measured using historical cost, but some may use
1. An initial public offering (IPO) occurs when a private company offers shares of its stock to the public for the first time. This allows the company to raise capital and transition to being publicly held.
2. Underwriters play an important role in IPOs by examining the company, setting an appropriate offering price, and ensuring the price is fair. However, underwriters also want a high price since their compensation is a percentage of the offering price.
3. For the Pet.Com IPO specifically, given its poor financial performance, underwriters determine a low stock price of $18 per share is more prudent than the requested high price of $24 per share.
Consulting ten commandments of small business [lesson]Fred Mmbololo
This document outlines 11 commandments or principles for small businesses to follow, including establishing a clear mission statement and strategic direction, building loyal and accountable employees while continuously upgrading management, maintaining strong relationships with vendors, customers and advisors, keeping costs and prices low while focusing on quality, growing prudently and profitably, creating operational excellence, installing management processes, and ensuring the business makes a profit.
Lajem College is a private college in Nairobi, Kenya that offers computing and IT courses. It aims to serve both the premium and middle class markets. The business plan outlines the company description, objectives, courses offered, target market analysis, and marketing strategy. The objectives are to achieve 30% annual growth, provide job placements for 75% of students, and open 3 new teaching centers per year. A variety of computing, programming, and software courses are offered at beginner, intermediate, and advanced levels. The target market includes students, professionals, and government officials. The marketing plan details segmentation, targeting, positioning, and a 1-year action plan to establish 3 new coaching centers across Kenya.
Marketing planning at just us cafe fredFred Mmbololo
This document provides a marketing plan for Just Us Café, a fair trade coffee company based in Canada. It includes an analysis of the company's internal and external environment using various frameworks. Competitors are identified and analyzed. Recommendations are made on how to improve the outdated marketing plan, increase customer loyalty, and address challenges. The plan covers topics such as using social media, providing free samples, and creating brand value to help the company grow.
A research proposal on non financial reporting by Fred M'mbololoFred Mmbololo
This research proposal compares non-financial reporting practices in Australia and the European Union. Non-financial reporting enables businesses to communicate their environmental, social, and ethical performance to stakeholders. In Australia, non-financial reporting is voluntary, while the EU's Non-Financial Reporting Directive mandates certain large companies disclose information on environmental, social, and governance matters. The proposal will explore differences and similarities in non-financial reporting frameworks and common CSR activities between Australia, the EU, and the US to identify variations in reporting forms and features.
This document discusses cost-volume-profit (CVP) analysis for Paukovich Consulting Company. It provides the CVP formula and calculates costs, revenues, profits and break-even point for years 20X1 and 20X2. For 20X2, total costs are calculated to be $2,003,000 and the target net income is $500,000. Using the CVP formula, total revenues needed to achieve this are calculated to be $2,628,000. The degree of operating leverage is also calculated, showing the risk associated with a high proportion of fixed costs. Finally, the margin of safety is found to be 56.5%, indicating current sales would need to drop by this amount before reaching
This document provides a marketing plan for Just Us Café, a Canadian café focused on fair trade and ethical sourcing. It conducts analyses of the company's customers, competitors, operating environment, and internal strengths and weaknesses. It finds key customer segments include universities and community members interested in organic and fair trade products. Major competitors include large chains like Starbucks but also small independent cafes. It examines political, economic, social, and other external factors influencing the company. Recommendations include improving the marketing strategy through social media, loyalty programs, and addressing outdated practices. The plan aims to help Just Us Café better understand its position and opportunities for growth.
Kenka Invest Potato Plantation seeks financing from AFC Bank to expand its potato farming operations. Kenka has over 10 years of experience in potato planting and owns over 1,500 hectares of suitable land in Nyahururu, Kenya. The business plans to plant potatoes on 1,000 hectares which could produce over 72,000 tons of potatoes annually. Kenka aims to become a leading agribusiness in Kenya and sees potential for growth in potato consumption and reduced imports. The financial projections estimate that revenue could reach over KSH 3 million by the second year with net profits.
Ias 32 - compound financial instruments Fred Mmbololo
1. A compound financial instrument contains both debt and equity elements, such as a convertible bond. IAS 32 requires separating compound instruments into their debt and equity components.
2. To split the components, the present value of future cash flows for the debt is calculated using market rates for similar non-convertible debt. The equity portion equals total proceeds minus the debt value.
3. Transaction costs are allocated propotionally to the debt and equity amounts. The components are accounted for separately over time, and both are extinguished if conversion occurs through issuance of shares.
The document discusses process costing, which is used to assign costs to standardized products produced continuously. It describes the five steps of process costing: 1) analyzing physical unit flow, 2) computing equivalent units, 3) computing equivalent unit costs, 4) summarizing total costs, and 5) assigning costs to completed units and work-in-process. The two main methods are weighted average and FIFO. Examples show journal entries to record costs and calculations to assign costs using equivalent units and cost per equivalent unit.
Types of Ratio analyis and their significanceFred Mmbololo
Ratio analysis is used to analyze financial statements and determine key metrics and relationships between items. It can help management with forecasting, planning, control, and decision making. There are various types of ratios that provide different insights. Liquidity ratios like current and quick ratios measure a company's ability to meet short-term obligations. Leverage or capital structure ratios like debt-to-equity examine how the company is financing its assets and level of financial risk. Activity/turnover ratios review how efficiently a company uses its assets. Profitability ratios assess return on sales, assets, and equity. Ratio analysis provides both opportunities to understand a business better but also has some limitations to consider.
Dissertation on the Impacts of Microfinance in Kenya final reportFred Mmbololo
This document discusses a study on microfinance awareness and impact in Nairobi County, Kenya. It provides background on microfinance and its role in development. The study aims to evaluate the level of development of microfinance institutions in Nairobi County, examine the impacts of microfinance, and identify strategies employed by microfinance institutions. It employs a research design using both primary and secondary data collection methods. The results and discussion chapter analyzes respondents' profiles, levels of microfinance institution development, impacts of microfinance, and strategies used by institutions. The conclusion summarizes the major findings and provides recommendations.
Zero-based budgeting (ZBB) requires managers to justify all expenditures as if the budget is being created for the first time. The process involves identifying organizational decision units, constructing decision packages that analyze activities and funding alternatives, and ranking packages to allocate resources. ZBB aims to eliminate unnecessary costs by questioning existing resource allocations and requiring justification of all spending. While time-intensive, ZBB can help organizations set priorities and ensure costs align with objectives, particularly in uncertain economic environments. Successful implementation requires training managers, clear procedures, management commitment, and adequate time for the rigorous analysis involved.
Safaricom marketing mix and it's environmentFred Mmbololo
Marketing plays a fundamental role in enhancing a company’s growth and performance in capturing new markets, retaining the market and stimulating financial strengths in income returns of an organization.
A research proposal on the Impacts of Microfinance in KenyaFred Mmbololo
This document outlines a proposed research study on microfinance awareness and impact in Nairobi County, Kenya. The study aims to determine the level of awareness of microfinance services among Nairobi residents and assess the impacts of microfinance on economic and social development. The researcher plans to survey Nairobi residents on their familiarity with local microfinance institutions and perceptions of how microfinance has affected areas like income, assets, education, and empowerment. The results could provide insight for microfinance institutions, government, and academics on the reach of services and viability of continued support for microfinance in Kenya.
Marketing stuff mcgraw-hill- The marketing environmentFred Mmbololo
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The document discusses guiding principles which are core values or ideologies that guide an organization. It provides examples of guiding principles from various companies like Google, Apple, Amazon, Toyota, and discusses how guiding principles create a shared company culture and guide behavior. It also suggests individuals can develop their own personal guiding principles.
This document discusses lean leadership and how to develop lean leaders. It defines lean leadership as focusing on respect for people and continuous improvement. Lean leaders go to the "gemba" or work area to understand processes, ask questions, generate ideas to improve, and act as coaches. Developing lean leaders requires an on-the-job approach over many years with a coach providing feedback and ensuring the leader is adding value. Toyota's approach involves senior leaders coaching subordinates through challenging projects to advance their skills.
An enabler seeks to unlock latent potential in people and help them achieve their goals. Their role is to provide clear direction and encouragement, coach and support people, recognize good performance, ensure ongoing progress, select the right staff, resolve conflicts, encourage innovation, remain unpredictable, and act with integrity. An effective enabler communicates goals, involves people, delegates responsibility, provides honest feedback, and helps correct issues. Their role is to foster individual, team, and strategic excellence through meritocracy, speed, imagination, and excellence in execution.
The document outlines 21 steps to develop and reinforce leadership skills. Some of the key steps include working hard, having a positive attitude, learning from mentors, taking public speaking courses, investing in training for oneself and employees, focusing training on human elements, and bringing values like honesty and integrity. The overall message is that developing leadership skills requires continuously working to improve oneself, empowering employees, and fostering a positive work culture and environment.
The document outlines 21 steps to develop and reinforce leadership skills. Some of the key steps include working hard, having a positive attitude, learning from proven leaders, investing in training for yourself and employees, public speaking training, and focusing on developing people to their full potential. The overall message is that successful leadership requires motivating and caring for employees, continuously developing skills, and creating a positive work environment where people feel valued and are able to perform to their highest abilities.
Leadership is essential at all levels and all major organizations; it gives direction and perspective and sustained vision, which is translated into reality. Leadership encompasses all positions and covers many areas such as business, governmental, political and social. We look at some of the attributes of leadership in this essay.
- Pambudi Sunarsihanto is currently the HR Director of Citibank Indonesia in Jakarta.
- He has over 20 years of experience in human resources leadership roles in multinational companies like Nokia, Telkomsel, and Citibank across Asia.
- Citibank is a global bank with over 275,000 employees serving clients in over 160 countries.
This document provides information on leadership, including definitions of leadership, characteristics of good leaders, and key aspects of effective leadership. Some key points:
- Leadership is defined as guiding and influencing others to accomplish goals.
- Level 5 leadership involves creating more leaders, being "WE-centric" rather than "I-centric", having ferocious resolve, and channeling ambition into the company rather than oneself.
- The 3 elements of great leadership are support, respect, and trust.
- Key aspects of everyday leadership include talent management, communication, problem solving, and culture building.
- Vision and direction, communication, talent development, and prioritization are discussed as important leadership responsibilities.
Innovate Finance’s booklet ‘Celebrating Diversity in FinTech’ shines a spotlight on leading FinTech firms and institutions closing the diversity gap in FinTech and promoting inclusion within the workplace.
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Leaderonomics India Roundtable Sessions - Presentation SlidesRoshan Thiran
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Note All scenarios in this assignment are fictional.Real Bu.docxpoulterbarbara
Note: All scenarios in this assignment are fictional.
Real Business
It can be difficult for a business to improve how it operates from inside the organization. Sometimes, an outside perspective is needed. The large discount retail store you work for wants to improve its in-store restaurant management team.
Your Role
Companies like Target and Walmart often work with outside consultants—people who are not employees of the company but who are hired on a contract basis to help with a specific project. As a Leadership Consultant, you’ve been hired by a large discount retail company to help the company improve its leadership structure and approach to management.
WHAT IS A LEADERSHIP CONSULTANT
A leadership consultant is a person called in to a company, be it a large corporation or a small business, to evaluate how it operates and make recommendations for improvement. Leadership consultants are typically hired when a business is struggling and needs to make changes in order to remain profitable. Such consultants are often highly educated in the field of business and have experience in managerial roles.
INSTRUCTIONS
Step1 Organizationl Structure
Take a look at the Organization Chart provided by the company.
Based on your knowledge of hierarchies, would you say that this team has tall structure or flat structure? Please explain your answer.
Step 2: Human Resources
The company would like to improve the culture of its team and the quality of its work. Its leadership has provided you with a Process Chart detailing how it currently applies Human Resources best practices.
What step of the Human Resources Cycle is missing? Please explain why it is important to include this part of the process.
Note: You should complete Step 3 after reading the material in Week 9.
STEP 3: Leadership Style
You have been asked to help improve the leadership style of the team leader in order to meet the team’s performance goals. The team leader has given you a description of what is most comfortable in terms of leading others.
Identify this leader’s style of leadership, and list two benefits and two drawbacks to that style as it relates to the performance of the team.
LEARNING TO LEAD
As we learned in this week’s Strayer Talk, the vision and mission of a business are essential to every employee’s understanding of what the whole business is trying to achieve. Making sure everyone is on the same page is essential to the success of the business.
Mission and Vision
One of the most important things to understand in business is why you are doing what you’re doing. If you have a purpose you believe in, it’s easier to get up in the morning and get right to work. Mission and vision statements get right to the heart of purpose.
The
mission
explains what the business does every day. It’s a short, clear, powerful statement of a business’s short-term goals. It should tell people what the business does, who it does it for, and ...
In this edition of the CIO Look magazine – ‘Champions of Change 2021’, we attempt at dissecting the moves and decisions of the six excellent leaders featured in this edition to get a better understanding of the leadership mindset.
12 principles of leadership - Part 1 of 3Kelvin Lim
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https://www.linkedin.com/today/post/author/posts#published?trk=mp-reader-h
Leadership starts with the right mindset. Become a leader now.
Azim Hashim Premji is an Indian businessman who transformed his family's vegetable oil business, Wipro, into one of the world's leading technology companies. As a young man of 21, he took over leadership of Wipro after his father's sudden death in 1966. Over decades, through learning, building confidence, and focusing on processes and culture, he grew Wipro into a top global IT company known for excellence, integrity, and social responsibility. Premji believes that to create excellence, organizations must obsess over quality, build teams, invest in the future, and maintain humility.
This document promotes the services of Leaders are Making a Difference, a leadership consulting firm. It consists of multiple pages with brief sections promoting how the firm can help organizations in areas such as leadership, vision, culture, focus, engagement, and teams. It provides quotes on each topic and contact information. Client testimonials praise the firm for helping to develop strategy and leadership. The founder, Claire Walton, is introduced and said to be passionate about enabling people to become leaders who make a significant difference.
I deeply believe every person leads her/ his way either in a family or community; Therefore certain traits and characteristics need to be applied in order to achieve success then greatness.
Page Executive - Secrets of Leadership Raquel Kroich
The document contains a series of articles from interviews with over 40 global business leaders on the topic of leadership.
The articles discuss seven secrets of leadership: 1) Maintaining, adapting, and sharing your vision while anticipating future changes. 2) Being a great talent manager who motivates employees. 3) Developing international agility and cultural understanding. 4) Unlocking performance with emotional intelligence. 5) Looking cross-functionally and focusing on total performance. 6) Embracing digital leadership and transparency. 7) Influencing through interaction, collaboration, and building networks.
Page Executive specializes in recruiting top business leaders and conducted the interviews to gain insights on what makes a great global leader.
Great leaders come in all shapes and sizes, genders and cultures, but they all possess many of the qualities I’ve highlighted in the Think Oak A to Z of Leadership Qualities
This document provides a practical guide for companies to bring purpose to their organization for a competitive advantage in talent acquisition and retention. It discusses defining an organizational purpose beyond profit, focusing on positive impact and personal growth. Research shows purpose-driven companies have better talent outcomes such as more/higher performing employees who stay longer. The guide provides advice on using purpose to improve strategic clarity, innovation, motivation, transformation, and partnerships. It also discusses how purpose strengthens consumer brands by appealing to shared values and building trust with customers.
The document outlines Tintoria Ltd's fixed asset capitalization policy. Key points include:
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- Capitalizable costs include acquisition costs and improvements extending asset life.
- Assets are categorized and depreciated according to class. Land is not depreciated.
- The policy aims to comply with accounting standards and ensure proper financial reporting of fixed assets.
This document is an accounting manual for Tintoria Ltd, a laundry firm in Kenya. It outlines the company's background and services, accounting principles and procedures, policies around cash disbursements and receipts, bank reconciliation, stock control, customer reconciliation, end of month/year procedures, budgeting, computer/record policies, and asset management. The manual provides guidance to ensure uniform and standard accounting practices for the company.
This document provides a strategic plan for Tintoria Ltd for the period of June 2015 to June 2019. It begins with an introduction to strategic planning and what it involves. It then presents an executive summary of Tintoria Ltd's strategic planning process. The next sections outline the company's vision, mission, values, history and organizational structure. A discussion of the need for strategic planning and various analysis tools used follows. The document provides an overview of Tintoria Ltd's operations and the strategic planning steps undertaken. It aims to guide the company's goals and objectives to ensure long term growth and sustainability.
Kcse performance in Kenyan Secondary SchoolsFred Mmbololo
This document summarizes a dissertation on factors affecting secondary school performance in Kilungu District, Makueni County, Kenya. The dissertation examines how teaching and learning resources, head teachers' instructional supervision, teachers' professional qualifications, and teaching experience impact student performance on the Kenya Certificate of Secondary Education (KCSE) exam. The dissertation presents literature reviewing previous studies on these factors in other areas of Kenya. It finds that inadequate resources, lack of teacher experience and qualifications, and insufficient supervision can negatively influence exam scores. The dissertation aims to determine the impact of these factors specifically in Kilungu District secondary schools.
Tintoria ltd strategic plan june 2011 to june 2015Fred Mmbololo
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Sirona car hire provides car rental services to corporate clients. It aims to establish loyal customers through friendly and reliable customer service. The company owns cars that it leases to customers. It has locations near airports and corporate areas that are open 24 hours a day. Sirona car hire targets corporate clients who need cars for business travel. It offers competitive prices and quality vehicles and service. The company's goals are to grow profitably and increase its market share through strong customer satisfaction.
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Tintoria Laundry Academy proposed a new laundry training program. A SWOT analysis identified strengths like expertise in laundry skills and a good reputation, but also weaknesses such as being a new business with high start-up costs. Opportunities included offering a new local service, while threats included competition from established training programs and potential oversaturation of laundries in the area.
Tintoria Ltd is a laundry firm established in 1993 that provides dry cleaning and laundry services. This 2-year strategic plan covers 2019-2021 and was prepared by Fred M'mbololo. The plan includes a vision to be an environmentally friendly, world-class quality service enterprise utilizing state-of-the-art technology. It analyzes the company's strengths, weaknesses, opportunities, threats and competitors. The plan also outlines the company's history, services, processes, values, and goals to guide its continued growth and market leadership in laundry and dry cleaning.
Power of digital presentation ACCA presentationFred Mmbololo
This document discusses how digital disruption is impacting the accounting profession and how ACCA is preparing accountants for this changing landscape. It makes the following key points:
1) Digital technologies like automation, AI, and blockchain are transforming the finance function and challenging existing business models.
2) In response, ACCA is enhancing its qualification program and CPD resources to ensure students and members have relevant digital skills, including data analytics training.
3) ACCA conducts extensive research on digital topics and how technologies impact roles and careers, helping the profession embrace opportunities while maintaining high-value human skills.
4) Rather than a threat, digital offers tremendous potential if accountants leverage technologies to take on more strategic
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This document provides an overview of Safaricom's marketing mix and environment. It begins with a brief history of Safaricom and discusses its vision, strategic analysis, and segmentation using the STP model. It then defines marketing and explores Safaricom's marketing mix using the 7Ps and 4Cs frameworks. The document examines Safaricom's products, the external environment through PESTLE analysis, competition using Porter's 5 forces, and future opportunities via Ansoff's matrix. It concludes with a disclaimer.
This document contains a strategic plan for Simaton Ltd, a real estate company in Kenya. It includes an introduction, executive summary, mission statement, proposed organizational chart, SWOT analysis, PESTEL analysis, strategic goals and objectives, key performance indicators, pricing conclusions. The SWOT analysis identifies strengths such as experienced directors, opportunities such as rising middle class demand, and threats such as economic slowdowns. The PESTEL analysis examines political, economic, social, technological, environmental and legal factors impacting the real estate industry in Kenya. The strategic plan provides a framework to guide Simaton Ltd's strategic decision making and growth.
Acca msa board role, directors duties and liabilitiesFred Mmbololo
This document provides an overview of a corporate governance training program module on board roles, directors' duties and liabilities. It discusses the board's key responsibilities in providing leadership, guiding strategy, overseeing management and ensuring proper controls. The duties of directors include acting within their powers, exercising duty of care and fulfilling fiduciary obligations. A case study on Chase Bank is presented to discuss how directors may fail to meet these duties.
Global growth is projected to be 3.4% in 2016 and 3.6% in 2017. Sub-Saharan Africa growth is projected to be 4.0% in 2016 and 4.7% in 2017, mainly due to declining commodity prices and demand from China. Kenya's growth is projected to be 6.0% in 2016 and 6.5% in 2017, supported by continued investment in infrastructure and improved agricultural productivity. The 2016/17 Kenya budget aims to consolidate gains for a prosperous Kenya through investing in key sectors like agriculture, energy, security, transport, and health while managing fiscal risks and gradually lowering the fiscal deficit.
Rank xerox business performance-from 2006 to 2015Fred Mmbololo
Xerox Corporation is a global document management company known for inventing photocopying. While it once dominated the market, its revenues and profits have declined in recent years. In 2015, Xerox reported total revenues of $18.2 billion, down 8% from the previous year. Its net income was $552 million, down 51% from 2014. Xerox has undertaken various restructuring efforts to optimize its portfolio, including selling its IT outsourcing business and reducing its involvement in certain government contracts. It aims to focus on growing service areas like managed print, production color printing, and healthcare analytics to improve performance.
This business plan proposes establishing a new dry cleaning service called Nadmar Dry Cleaners in Nakuru and Nyahururu, Kenya. The plan provides an executive summary, company description, services offered, market analysis, strategy and implementation summary, management summary, and financial plan. Key points include targeting working professionals who need convenient cleaning services, establishing competitive edges through door-to-door delivery and quality service, and projecting over 30% market share and profits over $7,500 in the first year. The plan evaluates competition, opportunities, and risks to the new business.
Org Design is a core skill to be mastered by management for any successful org change.
Org Topologies™ in its essence is a two-dimensional space with 16 distinctive boxes - atomic organizational archetypes. That space helps you to plot your current operating model by positioning individuals, departments, and teams on the map. This will give a profound understanding of the performance of your value-creating organizational ecosystem.
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During an organizational transformation, the shift is from the previous state to an improved one. In the realm of agility, I emphasize the significance of identifying polarities. This approach helps establish a clear understanding of your objectives. I have outlined 12 incremental actions to delineate your organizational strategy.
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In the realm of effective leadership, a multitude of skills come into play, but one stands out as both crucial and challenging: public speaking.
Public speaking transcends mere eloquence; it serves as the medium through which leaders articulate their vision, inspire action, and foster engagement. For leaders, refining public speaking skills is essential, elevating their ability to influence, persuade, and lead with resolute conviction. Here are some key tips to consider: https://joellandau.com/the-public-speaking-tips-to-help-you-be-a-stronger-leader/
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Sethurathnam Ravi, also known as S Ravi, is a distinguished Chartered Accountant and former Chairman of the Bombay Stock Exchange (BSE). As the Founder and Managing Partner of Ravi Rajan & Co. LLP, he has made significant contributions to the fields of finance, banking, and corporate governance. His extensive career includes directorships in over 45 major organizations, including LIC, BHEL, and ONGC. With a passion for financial consulting and social issues, S Ravi continues to influence the industry and inspire future leaders.
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Specific ServPoints should be tailored for restaurants in all food service segments. Your ServPoints should be the centerpiece of brand delivery training (guest service) and align with your brand position and marketing initiatives, especially in high-labor-cost conditions.
408-784-7371
Foodservice Consulting + Design
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A presentation on mastering key management concepts across projects, products, programs, and portfolios. Whether you're an aspiring manager or looking to enhance your skills, this session will provide you with the knowledge and tools to succeed in various management roles. Learn about the distinct lifecycles, methodologies, and essential skillsets needed to thrive in today's dynamic business environment.
1. By Fred M’mbololo Page 1
LEADERSHIP STYLE, TEAM SPIRIT AND MANAGEMENT BY
WALKING AROUND IN TINTORIA LTD
PREPARED BY FRED M’MBOLOLO (ACCA), CPA (K)
2. By Fred M’mbololo Page 2
TABLE OF CONTENTS
1.0 What is an Entrepreneur
1.1 Entrepreneur spirit and team spirit
2.0 Leadership
3.0 Vision and mission statements
3.1 Vision
3.2 Mission
3.2.1 Learning
3.2.2 Innovation
3.2.3 Building relationship
3.2.4 Pioneering
4.0 Tintoria Ltd Statement of Core Values
5.0 Organizational chart
6.0 Management by walking around (or WALKING AROUND) in Tintoria Ltd
6.1 Tintoria’s management makes WALKING AROUND part of their routine
work.
6.2 Tintoria’s management does WALKING AROUND on a one or two
manager basis.
6.3 Visit everybody on an equal time basis.
6.4 The management of Tintoria Ltd usually asks for suggestions and
recognize good ideas.
6.5 The management of Tintoria Ltd would normally answer staff later in
case we do not have on the spot answers.
6.6 The management of Tintoria Ltd doesn’t usually confront the staff
upfront or publicly criticize them.
7.0 Conclusions
3. By Fred M’mbololo Page 3
1.0 What is an entrepreneur?
The entrepreneur is usually a sole proprietor, a partner, or the one who owns the
majority of shares in an incorporated venture. In the case of Tintoria Ltd the
entrepreneur here are the directors. Our directors are not necessarily motivated by
profit but nevertheless, it is regarded as a standard measure for achieving success in
running of the business. Tintoria Ltd is always trying and does create new businesses
through opening of new branches in new malls around the Nairobi City. This certainly
can carry a high risk because it requires money to set up a new business without
knowing if it will give a return on the investment. In a nut shell, we can say that Tintoria
Ltd always organizes and operates its core business directed by the articles of
memorandum and is always looking out for ways of increasing its market share through
opening of more branches and signing new sales contracts as also guided by the
company’s strategic plan, thus it takes on much greater risks than normal financial risks
in order to do so.
1.1 Entrepreneurial spirit and team spirit is an approach. The management of
Tintoria Ltd has an attitude and a method of thinking ahead that vigorously pursues out
change, rather than waiting to adapt to changes in the environment in which the
business operates in for instance we target our niche market and not any other market.
We focus on delivering quality services and timely services at an affordable prices to
our customers and in that regard we don’t worry so much about our competitors. It's a
mindset that involves critical questioning, innovation, service and continuous
improvement.
We encourage team spirit and working towards attaining the company’s strategic plans
and ensuring all employees are contributing towards accomplishing these set targets.
We ensure that everyone understands the company’s vision and mission and that we
are all on the same page so as to eliminate goal incongruences.
4. By Fred M’mbololo Page 4
2.0 Leadership Style
The management of Tintoria Ltd leadership style is mainly working towards achieving
the company strategic plans and it is also vision based. We lead our team effectively
towards accomplishing our mission and goals and we are guided by the company’s
core-values. We encourage organized learning, creativity, and the development of
strong relationships among the working team. This leadership style is useful for Tintoria
Ltd as we are more focused on achieving the company short term and long term
strategic plan, we thus have an entrepreneurial spirit. While every visionary leader
manages differently, many of our leaders share a few common characteristics as shown
below:
Leader of Your Life
Top people are long-term thinkers. Average thinkers think only about the present, and
about immediate gratification. But leaders think about where they want to be in five and
ten years, and what they have to do each hour of each day to make their desired future
a reality.
i. Leaders inspire others because they are inspired themselves. They are
excited about the possibility of creating an exciting future for themselves. They
get up every morning and they see every effort they make as part of a great plan
to accomplish something wonderful with their lives.
ii. Leaders are optimistic. They see opportunities in everything that happens,
positive or negative. They look for the good in every situation and in every
person. They seek the valuable lessons contained in every problem or setback.
They never experience "failures;" instead, they write them off as "learning
experiences."
iii. Leaders have a sense of meaning and purpose in each area of their lives.
They have clear, written goals and plans they work on every day. Leaders are
clear about where they are going and what they will have to do to get there. Their
behavior is purposeful and goal-directed. As a result, they accomplish five and
ten times as much as the average person who operates from day to day with little
concern about the future.
5. By Fred M’mbololo Page 5
iv. Leaders accept personal responsibility. Leaders never complain, never
explain. Instead of making excuses, they make progress. Whenever they have a
set-back or difficulty, they repeat to themselves, "I am responsible! I am
responsible! I am responsible!"
v. Leaders see themselves as victors over circumstances rather than victims
of circumstances. They don't criticize or blame others when something goes
wrong. Instead, they focus on the solution.
vi. Leaders are action-oriented. They are constantly in motion. They try
something, and then something else, and then something else again. They never
give up.
vii. Leaders have integrity. They tell the truth at all times. They live in truth with
themselves, and they live in truth with others.
3.0 Vision and mission statements
3.1 Vision
Current Vision: To achieve international status as a quality service business enterprise
and to be the first choice for dry cleaning and laundry in the highly competitive
environment.
Revised Vision: To be an environmentally friendly, world-class quality service
enterprise and the first choice for dry cleaning and laundry utilizing state-of-the-
art technology.
The management of Tintoria Ltd usually aim to be successful in creating a positive and
inspirational vision in accordance with our strategic plan and conveying the company
vision in an engaging manner that attracts committed employees. The management of
Tintoria Ltd knows and appreciates the importance for meaning and purpose of having
committed employees, hence inspires them to achieve more and to build better futures.
6. By Fred M’mbololo Page 6
The staff are thus more motivated by the vision and often have a sense of solidarity
within the working team because of the pursuance of the same vision.
3.2 Mission:
Current Mission: To offer professional dry cleaning and laundry services and to
maintain quality standards and customer services at affordable rates.
This mission statement remains unchanged.
3.2.1 Learning
The managers of Tintoria Ltd realize that learning encourages the development of
personal skills and the ability to make effective decisions. The management of Tintoria
Ltd finds learning highly motivating, and instills that same eagerness to learn in it’s
employees by creating various learning opportunities with the day-to-day complexities in
the workplace. This results in highly skilled and knowledgeable employees contributing
to the success of Tintoria Ltd.
3.2.2 Innovation
Innovation is vital to a business, because to remain successful a business must
continually grow, improve, and find new ways to achieve goals. The management of
Tintoria Ltd thrives on innovation and change. These leaders encourage creative
thinking and problem-solving skills in employees. The management of Tintoria Ltd
embraces change and views the use of new ideas and processes as progress. It tries to
find better and quicker methods to achieve success.
3.2.3 Building Relationships
Building respectful and empowering relationships with employees is a characteristic of
the management of Tintoria Ltd. We believe that our managers have the above-
average communication skills, and always apply those skills to nurture a partnership
approach with employees. The management of Tintoria Ltd encourages respect, team
spirit, team learning, and a type of family atmosphere in the group. We use conflict
7. By Fred M’mbololo Page 7
management skills to unite team members, and we prefer to use a friendly approach,
rather than a bossy approach.
3.2.4 Pioneering
The management of Tintoria Ltd encourages employees to develop a pioneer spirit,
doing what others have never done and going where others would never go. This
pioneer spirit manifests both in attitude and in action for the management of Tintoria Ltd
and its employees. Tintoria Ltd likes to project itself than its competitors and has been
growing much and intends to continue doing so in the near future. The current
managers of Tintoria Ltd also are actively involved in developing future managers to
play an important role in the future of the company.
4.0 Tintoria Ltd Statement of Core Values
In an effort to be thoughtful, careful and visionary about decision-making in Tintoria Ltd,
we feel it is important to set forth the core values of the organization.
1. INTERGRITY- TINTORIA LTD recognizes the benefits of having high moral
standards and being honest in dealing with our customers
2. QUALITY- TINTORIA LTD strives to be a leading laundry service provider in
terms of quality.
3. PROFESSIONALISM-TINTORIA LTD recognizes the benefits that accrue to our
customers, suppliers and staff when we do things professionally.
4. TEAMWORK- TINTORIA LTD recognizes the benefits associated with sharing
expertise, time, energy and resources.
5. CREATIVITY AND INNOVATION-TINTORIA LTD intends to be a nimble, flexible
and dynamic organization, able and willing to adapt to the evolving needs of
members and the shifting landscape of technology.
6. DIVERSITY-TINTORIA LTD includes multi-type shops which operate locally, who
serve a diverse clientele including personal and corporate clients. TINTORIA
LTD recognizes that their customers may have diverse missions, disparate
resources and distinct needs. Decisions undertaken on behalf of the organization
are made with the greatest respect and support of these differences.
7. ACCOUNTABILITY-TINTORIA LTD recognizes that it must take care of client
clothes by washing them properly, making small repairs and ensuring that they
are good condition and not damaging them, in case of lost items, TINTORIA LTD
will be responsible.
8. By Fred M’mbololo Page 8
5.0 Organization Structure of Tintoria Ltd
Tintoria Ltd Limited is governed by a Board of Directors to whom the Managing Director
is responsible for. The company has three main departments mainly operations, sales
& marketing and finance departments. The company has about seventy (70)
employees and most of them are in the operation department working as either sorters
or pressers given the laundry services is mainly labor intensive.
9. By Fred M’mbololo Page 9
6.0 Management by walking around in Tintoria Ltd
Management by walking around, as you probably know from your Internet search, is the
habit of stopping by to talk with employees face to face, get a sense of how they think
things are going, and listen to whatever may be on their minds.
This is how the management of Tintoria Ltd runs its laundry and dry cleaning company.
The main reason beyond such an approach is because the work is labor intensive and
periodic watching over the staff will ensure that lateness to work is reduced,
absenteeism is minimum, boredom is eliminated and that the quality of work is
maintained at all times and that there will be no wastage of time like cat fighting,
gossiping especially for the back office staff or mishandling of our client’s garments
through pilferages and losses. The management also checks to find out if there any
water or oil spillages, the laundry machines are operational, spare parts are purchased
on time and that maintenance of these machines is regularly done so as to reduce
machine breakdowns and down times. Above all we ensure that all the company
policies and procedures are carried out and followed accordingly.
It might be that checking on our employees suddenly is, as you think is an interruption
of their work but we are adamant that this exercise also produces tangible benefits.
“Management by walking around really helps us to be more visible, connect with
employees and share ideas, and invite suggestions for doing things better,” This also
enables us see the cleanliness of the premises, whether the security guards are alert
and that they are at their work stations and to see if both our front office and back office
employees are working towards meeting our own goals and objectives. Also because
not all operations are carried out in one building, it is paramount to walking around to
see if all the employees are working towards achieving the company’s goals and
targets, corrective action of plan can also be implemented in case of any problems that
may arise.
Further than the observable benefits of keeping a close eye on the heart of the
business, employees are also more probable to be more engaged and productive, if
10. By Fred M’mbololo Page 10
they see the management of Tintoria Ltd checking on the daily running of the
organization and chatting with them regularly than if they don’t.
This of course may sound like common sense and you will realize that even sending out
of e-mails and memos has not replaced the usual face-to-face contact in Tintoria Ltd.
Also our front offices staff and especially our back office staff are not allowed access to
the social media either through the computers, other gadgets or their own personal
phones, so that they can be focused and composed and not disrupted from executing
their daily work routine like washing the garments, ironing the garments and sorting the
same garments in a timely and orderly manner.
“There has been a tendency to manage other employees working in the other Tintoria
Ltd branches via email, memos, text messages and formal meetings,” partly because
our managers and supervisors just don’t have the time to meet with these employees
informally, however our Managing Director and other staff usual make random checks
to ensure that everything is operating in accordance to our working time and besides
that our clients queries are attended to in accordance to our terms and conditions of
acceptance to be serviced by us and that the garments are collected on time by our
clients and that the old stock which has not been paid for yet is still accountable.
So, the management of Tintoria Ltd has the following guidelines of how to apply this
management style of walking around or rather like some employees would say,
managing by walking away), Tintoria Ltd offers these guiding principle of proposals for
doing it right:
6.1 Tintoria’s management makes WALKING AROUND part of their routine work.
Random checks on employees’ workspaces for an informal chat is most effective if it is
not done on any fixed schedule, since one will notice that the greatest returns are
seeing what is going on when employees aren’t prepared for us, this the management
of Tintoria Ltd has learnt over-time. But we do plan for a bit of walking around on our
own calendar every day, and it is usually for about half an hour only. “The more often
we do it, the more beneficial it is to us
11. By Fred M’mbololo Page 11
6.2 Tintoria’s management does WALKING AROUND on a one or two manager
basis.
WALKING AROUND works best as a continual stream of one-on-one conversations
with individual staff. Walking around with supervisors or assistants will certainly just
hinder the discussion by making the employees more uncomfortable or, worse still
make them feel that we are spying on them or that we are on a witch-hunting mission.
6.3 Visit everybody on an equal time basis.
As Tintoria Ltd management has realized that spending more time regularly checking on
certain members of staff is likely to create some resentment. Hence we make an effort
of trying to spend roughly the same amount of time — not necessarily all in the same
day or even the same week, but over the long run — with all the back office staff and
front office staff. Although as an exception we would tend to visit the branches which
are not meeting the company’s goals and targets more than the other Tintoria’s
branches that normally would meet their targets.
6.4 The management of Tintoria Ltd usually asks for suggestions and recognize
good ideas
“The management of Tintoria Ltd normally asks all of our staff of their inputs on how to
improve maintenance of the laundry machines, processes, sales, or service,” The
management of Tintoria Ltd always recognizes the good suggestions and rewards
exceptional work performance through bonuses to employees who have initiatives of
improving the operations and staff relationships.
Generally, if someone’s idea leads to a positive result, we make it known to the staff
whose suggestion it was and demonstrate our willingness to give credit where it is
deserved.
12. By Fred M’mbololo Page 12
6.5 The management of Tintoria Ltd would normally answer staff later in case we
do not have on the spot answers.
In eventual scenario that the management of Tintoria Ltd can’t answer an employee’s
question on the spot, we would usually get back to the concerned staff with the
appropriate answers at a suitable time, this is besides being polite and friendly, it also
builds confidence and trust from the employees.
6.6 The management of Tintoria Ltd doesn’t usually confront the staff upfront or
publicly criticize them.
We are mostly on a information-gathering mission, with also another major role of
creating and establishing a warm and cordial working relationship with our staff.
In order to cement working relationships and create harmony and motivate our staff, the
management of Tintoria Ltd usually restrains itself from immediately disapproving our
employees actions or even shouting at them.
If we find them not performing their duties correctly and not in accordance to the
company policies and procedures, we don’t try to change their behavior on the spot
unless only in exceptional cases where deadlines will not be met or the company may
incur unnecessary damages and liabilities. Instead if it not an exceptional case, we take
note of that and address the problem at another appropriate time and manner and at
times it may be through issuance of verbal warnings, warning letters or simply
reallocating the work station of the concerned staff.
Undoubtedly, WALKING AROUND requires more time, patience and effort from our
managers but apart from that it has real advantages over other laid back approaches,
the management of Tintoria Ltd certainly does enjoy it.
13. By Fred M’mbololo Page 13
7.0Conclusions
Leadership in Tintoria Ltd is about goal definition, vision creation, and mission
articulation. A poor leadership or complete absence of the same, as it relates to
scalability is detrimental to our objectives. Scalability is the capability of a system,
network, or process to handle a growing amount of work, or its potential to be enlarged
in order to accommodate that growth. The management of Tintoria Ltd usually
emphasizes that employees, the structure of the company, the management styles, and
the leadership approach are all important to scalability.
Employees are the most important element of scalability, as without employees there
are no processes and there is no state of art technology to be applied. The effective
organization of our employees is paramount as it will either get us to where we want to
be faster or hinder our efforts in producing scalable systems. On the other hand the
management of Tintoria Ltd realizes that employing more staff usually increases the
company’s throughput, but the average production per staff tends to decline as well.
Management of Tintoria Ltd is about achieving company goals and objectives. A lack of
management or a weak management team is definitely likely to distract the scalability
course way. Management and leadership approaches used by Tintoria Ltd are just the
push and pull factors, respectively, in this scenario. Moreover our leadership style
assists to inspire employees to greater achievements and the management is there to
motivate the staff to attain the company’s goals and objectives.