***The Biggest Opportunity of All!
Legacy signals
Legacy popularity: 970 legacy views
A minimum of 30% of all resources are wasted in the conduct of business! Believe it? n
There are the obvious wastes like material waste, missing supplies and tools, abuse of machinery, unsecured loss of equipment, and undetected quality defects. The list can get quite long. However, there's another area fraught with even bigger waste and that's labor. n
Labor waste is sometimes easy to spot. People standing around obviously not working; uncontrolled interruptions; unplanned and inefficiently led meetings; punishing negative work environment; lack of accountability; and ineffective communications.
So what's the cause of this wasted labor? It comes from a lack of leadership and a lack of management skills and competencies. That's right, if leaders, managers, and supervisors were skilled and competent in leading and managing effectively and efficiently, then much of the labor waste would disappear.
To achieve effective and efficient competencies in the management ranks, top executives, business owners, and leaders also need to practice and model the right work attitudes and behaviors.
Most management level employees are so busy working in their business (making products and supplying services) that they spend almost no time working on their business (systems, processes, and human competencies and capabilities). Working on their business is a long term investment that will pay off handsomely in the future.
The smart management team invests time and resources to develop human competencies and capabilities because doing so has the highest leverage and payoff for the future. Even short term business results can improve dramatically.
Are you investing sufficiently in your employees to build more effective and efficient competencies? Are you investing sufficiently in the development of your own competencies? Either way, your future depends upon that critical investment.
Don't wait for a miracle. Be a person of action and personal growth! Take steps now to increase your investment in building more skills and competencies for yourself and your team.
Article author
About the Author
Further reading
Further Reading
Article
Diamonds and Dollars: It’s Not What Your Product or Service Is Worth. It’s What the Customer Thinks It’s Worth.
One summer while I was on vacation from college I became a tin man: selling aluminum siding and roofing door to door in the Boston area. The business has a bad reputation but our siding and our roofs were the finest available. Our prices were high but fair. In spite of what consumers always want to believe, you can’t get the best without paying for it.
Related piece
Article
A Small Change Can Make a Big difference
A Small Change Can Make a BIG Difference All the talk about the economic climate at present, both in the UK and around the world, is of doom and gloom. It even appears to be heading towards some degree of that dreaded ‘R’ word, recession. My immediate response is ...
Related piece
Article
A New Meaning To Minding Your Own Business
How would you like to be in business with no stress or strain? Today there are many authors and lecturers talking about the power of the mind. Spirituality, meditation, and visualization are now en vogue. As an entrepreneur and adviser to growing companies speaking and writing about an ...
Related piece
Article
The Multi-tasking Myth
Okay, so enough already. We hear from managers all the time about how they “multi-task” to be more effective. It may be time to really review this myth. Multi-tasking came from the home, where multiple projects can happen simultaneously. A good example might be that the laundry is ...
Related piece