Archive for August, 2009

 

Team Building Program: Beyond the Power of One

Monday, August 17th, 2009
CMOE Team


Team Building Program: Beyond the Power of One

Individual efforts grant the person a sense of recognition, but there is no better reward than knowing you have finished a great thing through teamwork. This fact is made as the focus on the team building exercises designed for organizations.

Team building exercises start with the awareness of individual competencies then this is connected with how such individuality will be used to attain corporate objectives.

These programs center on activities that foster group dynamics and teamwork, and these are directed at helping participants realize the significance of teamwork in the company.

For teamwork to give the organization a competitive lead, it has to work in such a way that best output at most efficient costs are generated.

Advantages of Team Building Trainings

At the outset, individual improvement is the direct positive outcome of teamwork but in the long run, it spells corporate gain because goals are achieved and profits are reaped.

Let us illustrate this construct by imagining that individuals with different skills work towards a unified objective. With the teambuilding, each person will think of himself/herself as an essential component of the wheel who needs to work with the whole group so all of them will move in one direction.

The program should be directed towards developing team effort by addressing the problems that plague teamwork or team building such as bloated egos, personal avarice or ambition, and the drive to outperform others for personal gains. Employees who are aware of all these foreseen issues will feel responsible in cultivating an atmosphere of trust and integrity.

Also of equal significance is the leader’s ability to listen to team members, brainstorm ideas and be responsible for the team. These characteristics make the leader respectable and will make the team, as a whole, efficient and dynamic.

Teamwork Assures Success

Before a team is made, individual employees must be developed and they should be taught on how to behave as a team and how to work with other teams with less supervision from their managers.

When people acknowledge their role in the team, they become responsible in creating a close relationship with others and forgoing personal interests for the sake of the group.

Managers are trained to build, handle, and maintain high performing teams through different styles, veering more on the needs of the team and the organization.

Teamwork also gives way to the identification of promising leaders within the team who can be groomed to assume more extensive roles should the need arises.

Team building exercises motivate employees to work for the accomplishment of company goals. Employees become more creative and innovative in responding to the various corporate challenges in the workplace.

In addition, team members will have company loyalty, team strength, and, of course, better performance as individual contributors and members of a team.



 

Can Someone give me a format for a year to date profit & loss statement?

Wednesday, August 12th, 2009
Tramica J


My husband is self employed. We’re in the process of purchasing a home and they want a year to date profit and lost statement. I need to know exactly how to write this up. Please help!!! We need this done by tomorrow.

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The Logic of Balanced Matrix Project Management Teams

Tuesday, August 11th, 2009
Daiv Russell


Prior to 1970, generally sizable business organizations were arranged in silos, which are logical divisions of workers in which a group of people reported to a line or functional manager. The attempt to create a successful restructuring of the organization in order to develop workable project management teams is known as a matrix organization.

There are a wide variety of matrix organizations that possible. The goal for each of them being that they struggle to balance the power between each manager’s functional needs. Primary types of matrix’s can vary from: The Weak Matrix, Strong Matrix, and Balanced Matrix which all possess an organizational structure. This article in cover the in-depth benefits and drawbacks of the Strong Matrix organizational structure in particular.

A Balanced Matrix Structure

According to the old adage, absolute power results in absolute corruption. Because in every type of matrix structure a power struggle occurs, a method of balancing each group is necessary to avoid this problem. If this is not controlled, one group of managers will control the other group. This will be unhealthy for both the project and the overall organization, even if individual aspects of an organization or isolated projects may continue to succeed for a time. For example, a singularly controlling project manager might dominate a functional manager and force them to always relinquish the most valuable team members with which to complete the projects.

One way to deal with this problem is to create limits in the organization which determines when a manager can control a worker. These strategies should be based on a specific set of circumstances. For example, keeping a rule where a worker will be managed exclusively by the functional manager if a project will last for less than a week’s time. In case, the project will take longer than a week, the control will pass on to the project manager. Otherwise, a rule can be made in such a way that a worker should not be employed by a project manager to work on two projects in a row.

A variety of possible rules and structures may be imposed to achieve the goal of balancing power between project and functional managers so that a win/lose condition is avoided. Obviously, the balanced matrix takes its name from the balance of power that results in this structural format.



 

What do I need to start a landscaping business, any tips, pitfalls, ideas?

Monday, August 10th, 2009
JameJam


Business strategy and recruiting tips are welcome!

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Management Team - Masters or Myth?

Sunday, August 9th, 2009
Graeme Nichol


Every business has problems. That is why the average life span of a large industrial company is 40 years. Some are learning disabilities where companies are not prepared to learn from their mistakes. They insist on doing the same thing every time. Even when problems occur no one examines the cause of the problem. The problem is an embarrassment that should be swept under the rug and forgotten rather than be used as an opportunity to learn. Handling these dilemmas and disabilities is the Management Team. Below is a quote from the book by Peter Senge:The Fifth Discipline; The Art & Practice of the Learning Organization.- Does this sound like your company? If it does start worrying!

Management Team: Masters or Myth?

Standing forward to do battle with these dilemmas and disabilities is -the management team,- the collection of savvy, experienced managers who represent the organizations different functions and areas of expertise. Together, they are supposed to sort out the complex cross-functional issues that are critical to the organization. What confidence do we have, really, that typical management teams can surmount these learning disabilities?

All too often, teams in business tend to spend their time fighting for turf, avoiding anything that will make them look bad personally, and pretending that everyone is behind the teams collective strategy and maintaining the appearance of a cohesive team. To keep up the image, they seek to squelch disagreement; people with serious reservations avoid stating them publicly, and joint decisions are watered-down compromises reflecting what everyone can live with, or else reflecting one persons view foisted on the group. If there is disagreement, its usually expressed in a manner that lays blame, polarizes opinion, and fails to reveal the underlying differences in assumptions and experience in a way that the team as a whole could learn.

-Most management teams break down under pressure, writes Harvards Chris Argyris; a long time student of learning in management teams. -The team may function quite well with routine issues. But when they confront complex issues that may be embarrassing or threatening, the teamness seems to go to pot.-

Argyris argues that most managers find collective inquiry inherently threatening. School trains us never to admit that we do not know the answer, and most corporations reinforce that lesson by rewarding the people who excel in advocating their views, not inquiring into complex issues. (When was the last time someone was rewarded in your organization for raising difficult questions about the company’s current policies rather than solving urgent problems?) Even if we feel uncertain or ignorant, we learn to protect ourselves from the pain of appearing uncertain or ignorant. That very process blocks out any new understandings which might threaten us. The consequence is what Argyris calls -skilled incompetence- a team full of people who are incredibly proficient at keeping themselves from learning.

So how does your company stack up? If your company is learning from both its successes and its failures then there is no need to protect your turf, no need to accept compromise, no need for management to know anything more. In this environment the knowledge that employees have is utilized to the fullest and each member of the management team is there to support the others. They realize that everyone wins if the team succeeds and they also know that a failure is just another term for a learning opportunity.

Wouldnt you like to work in an organization where your opinion counts and where you CAN make a difference in the companies success? Where you dont have to pretend to be busy, or pretend to know everything. So how do you create such an organization? It starts with creating learning individuals in learning teams which then cascade throughout the organization.

Through an effective facilitated process team members learn to work collaboratively, learn from their mistakes and continually challenge their assumptions about reality. Above all they work together as a team to solve problems and improve results.

Take on the challenge today. The results are worth your while and your businesses longevity.