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Bad news is never easy to communicate to others, especially to a large group of people simultaneously. When breaking unfortunate news to coworkers, employees, or people you have been tasked with managing, finding the right words to say what needs to be said can be very difficult. Although there is no question as to the difficulty and sensitive nature of this type of undertaking, it is an executive’s job to remain level headed and objective and not let emotions interfere with business decisions. Successful executives know the importance...

Are your employees sad and gloomy all the time? Do they seem upset to you? Then it’s possible that their morale has just hit rock bottom. Business owners should support their people and not nag them all day long. Rather than yell at employees and force them to work faster, why don’t you ask them what’s going on? It’s really important to boost morale and make them feel happy at the workplace. For this to happen, all you have to do is provide constructive criticism and good feedback. Transparency is bliss A good leader should make...

Before every sortie, A fighter pilot of Sukhoi Su–30 MKI relies and trusts his technical ground team to have done the necessary checks and maintenance ensuring the readiness of the flying machine; his life is in hands of his team and a small mistake on team’s part can cause a big mishap. A captain of a naval ship trusts his technical team to have done the necessary preparation for the technical workability of the ship before the impending voyage. An army officer in war situation knows that his team will follow the orders given...

If you have been working under someone for a long time, you can sometimes feel helpless about the things you want to do and the things that you feel need to be done. If you’re not the boss, you often have little or no say in the way the business works or how it can work better. Once you’ve become your own boss, however, you get to call the shots and since you know what it was like to be in the shoes of an employee, you would want to do what you can to make the lives of those working under you a little better. Here are some things...

Time and again we read on blogs of valiant, heroic acts by individuals that change and indeed save lives. Sadly we also get to read about the way such heroes are treated in all too many cases, and are left wondering why anyone bothers to help anyone else anymore. Where once goodwill and support were given for acts of kindness one now tends to find a legal defense instead, ready to take in fees any money that should have been to reward. The most recent case of this was of Nigel Haskett, a McDonald’s employee. In 2008 Mr Haskett was...

Negotiations are an important part of our daily lives. Every situation we have to deal with is different and there are essential aspects we must consider prior to settling on a strategy. In most cases, it all depends on the purpose of the negotiation and on the person with whom we’re talking to. To get what we want, great skills are mandatory. Let us assume that you feel entitled for a salary raise but your boss has no intention in giving it to you. How do you approach the problem? Emphasize how valuable you are to the company Are you...

Operational Excellence (OE) as a concept has now been in existence for a couple of years. The first projects aiming to implement OE have been delivered and the results are now becoming apparent but so are the challenges. Unfortunately not all Operational Excellence projects are delivered smoothly and not all end successfully.  The following is a compilation of the most common challenges that can derail Operational Excellence projects. It is not a complete list and it does not give all the aspects of the challenges. However, it does point...

Alright! You have carefully planned and placed the business that you want to venture. And, perhaps, you definitely can see yourself in front of the mirror your eyes that’s turning into a dollar sign. Yeah! What else any entrepreneur thinks of each day, day after day. But, do you think so waiting for the money to come in ends after putting-up the physical or online store? Will it likely turns those people who will pass by, browse into your page, into customers who will buy your products or avail your service? That kind of waiting will...

The vending business is one of the most profitable ventures these days. If you are interested to succeed in this field, you should know what it takes to become a successful businessman. Read on and find out which road to take to succeed in the vending business. Steps to Follow The first step is to get the necessary education. Running a vending business is not that hard. However, you should know the basic principles which include finance, management, marketing, and operations. Secondly, you should develop the right interpersonal skills....

You just landed a job interview, you have great confidence in your skills, and you’re thrilled that they called you back for a second interview. They want to hire you for sure, but the problem is they’re not offering you enough money. How do you negotiate a higher salary without running the risk of losing the job? Know the company Find out as much information as possible about the company ready to hire you. Perform a thorough research and make sure to have a clear idea about salary expectations. You want a raise because you deserve...