Management Information

The Idol-Makers


The end of the television season in May included the usual array of cliffhangers on shows like "Alias," the departure of Noah Wylie from "ER" and the finale of the highly-rated "Everybody Loves Raymond" after 210 episodes. On the last day of "Sweeps," more than 29 million people tuned in to see the crowning of the fourth "American Idol."

With a recording contract and the key to a private jet in hand, Carrie Underwood, a 22-year-old college student from Oklahoma, said her victory was "the best night of my life." Next week her first single debuts, most likely near the top of the charts. From there, she'll take her shot at stardom, hoping to match the multi-platinum album sales of the first "Idol" winner Kelly Clarkson and second-year runner-up Clay Aiken.

In terms of total viewers, "American Idol" ranked first this season, and fans cast nearly 500 million votes during the competition. If your franchise business was like "American Idol," a celebrity panel and national television audience would soon be judging your employees "on stage." As an Idol-Maker, it is your role to give them the guidance they need to perform at their highest level, so you get the outcome you seek.

Success Handler Action: If Paula Abdul, Randy Jackson and Simon Cowell called today and said they will be in town next month to review your employees, what steps would you need to take to get them ready for their big moment? Even if the phone doesn't ring, preparing your employees for being the best in their jobs will make your small business soar. After you finish reading this E-Newsletter, use these questions to identify your biggest employee training opportunities:

~ Who is having the most difficult time executing their jobs in the manner you would like?

~ What are some of the things that keep happening frequently without improvement?

~ Where are areas you find yourself saying, "If only someone would ________?"

~ When mistakes occur, which individuals struggle to take responsibility?

~ Why are some of you employees not achieving the growth you expected this year?

"American Idol" had a big snafu this season when "pure human error" led to the wrong voting phone numbers appearing on the screen, and Fox had to throw out the results that night. While errors in your small business are not necessarily apparent to millions, they still impede your progress. Communicating the right way to do things and redirecting your employees' efforts when needed is essential to improving your results.

Success Handler Action: Effective leadership begins in your recruiting and hiring, and continues through training and motivation. This means you have to regularly mold and polish your employees in order to prosper. Here are five ideas for turning them into outstanding performers:

1. Make sure your employees understand the vision you have for your small business.

2. Clarify your expectations, and how you will measure each person's role.

3. Act like a director?leading them back on track when they stray off script.

4. Use "The Oreo Cookie Approach" to feedback - Compliment / Confront / Compliment.

5. Treat every day like an entertainer would: the joy is in the performance.

Carrie Underwood is the survivor among more than 100,000 wannabes who auditioned for this season's "American Idol." The show is a cultural phenomenon that creates a celebrity and makes a lot of money for a lot of people. While your employees may never sing on national television or receive a million-dollar talent contract, if you dedicate time, energy and resources to helping them develop their skills and shoot for the stars, you will be the big winner.

Copyright © 2005 by Success Handler, LLC. All rights reserved.

The Coach, David Handler, is the founder of Success Handler, (http://www.successhandler.com), and specializes in helping small business leaders find clarity and take action. He understands the challenges of running a business, because he's been there - as a small business owner, franchisee, franchisor, corporate leader and trainer. Much like sports coaches, his coaching will show you how to compete on a level playing field in your industry.


MORE RESOURCES:

MiamiHerald.com

Risk Management Needed for Energy Loan Guarantees, Report Says
Bloomberg
Potential losses from US energy loan programs are likely to be less than projected by the White House and Congress, according to an independent analysis that Democrats said validated support for clean-energy innovation. The Obama administration ordered ...
DOE needs better risk managementiWatch News
Post-Solyndra review urges better energy loan managementThe Hill (blog)

all 274 news articles »


Globe and Mail

Apollo Global Management assets lift off in 2011, up 11%
Pensions & Investments
By Arleen Jacobius Apollo Global Management on Friday reported $75.3 billion in assets under management as of Dec 31, up 11% from a year earlier, according to the alternative investment firm's earnings report. Apollo Global had $35.4 billion in private ...
Apollo Global Management, LLC Reports Financial Results for the Fourth Quarter ...MarketWatch (press release)
Financial Briefing BookWall Street Journal
Apollo Fourth-Quarter Profit Falls 66% on Market SwingsBusinessWeek
Reuters
all 48 news articles »


Vietnam Premier Urges Land Management Review, Citing Transaction Mistakes
Bloomberg
Vietnamese Prime Minister Nguyen Tan Dung has asked for a nationwide review of land management procedures and said local authorities made mistakes in a land acquisition case in the northern port city of Haiphong, according to a statement on the ...

and more »


Business Insider

List Of Pepsi Managers Who Have Left The Company
Business Insider
It's not news that PepsiCo has suffered a lot of management churn in the last few years, and that sales of some brands have been hurt as the company has lost its focus. But it's not until you see the list of senior brand management names who have ...
PepsiCo to Cut 8700 Jobs, Reduce Management Layers in Global Productivity DriveIndustryWeek
PepsiCo Announces Strategic Investments to Drive GrowthMarketWatch (press release)

all 590 news articles »


Carrington Capital Management, American Home Mortgage Servicing Announce ...
MarketWatch (press release)
Resolution of Carrington Asset Holding, LLC, ET Al. Plaintiffs, v. American Home Mortgage Servicing, Inc., Defendant SANTA ANA, CA, Feb 10, 2012 (MARKETWIRE via COMTEX) -- Carrington Capital Management, LLC ("Carrington"), a subsidiary of Carrington ...

and more »


Ariz. tribe votes to take over Skywalk management
CBS News
A tribal spokesman says the Tribal Council voted Feb.7, 2012 to sever a contract with Las Vegas developer David Jin and take over management of the Skywalk. (AP Photo/The Arizona Republic, Rob Schumacher, File) MARICOPA COUNTY OUT; MAGS OUT; ...

and more »


Advanced task managers on iOS
CNET (blog)
by Jason Parker February 10, 2012 12:00 PM PST Follow @jparkerCNET There must be hundreds, if not thousands, of to-do-list management apps in the iTunes App Store, but which one should you choose? I found a couple of new task management apps recently ...

and more »


Spend Management Experts Wins Supply & Demand Chain Executive Award
MarketWatch (press release)
ATLANTA, GA, Feb 10, 2012 (MARKETWIRE via COMTEX) -- Spend Management Experts today announced that founder and CEO John Haber has received the Supply & Demand Chain Executive's 2012 "Pros to Know" award in the provider category.

and more »


Schultze Asset Management Founder George Schultze Delivers Key Comments in ...
MarketWatch (press release)
10, 2012 /PRNewswire via COMTEX/ -- George Schultze, Founder and Managing Member of Schultze Asset Management, LLC ("SAM"), was a key speaker today in Harvard Business School's Creating Value Through Corporate Restructuring course taught by Professor ...

and more »


USA TODAY

Oracle Taleo Buy Targets SAP, Salesforce.com
eWeek
Oracle's $1.9 billion bid for Taleo follows SAP's $3.4 billion play for SuccessFactors and Salesforce.com's acquisition of Rypple in the burgeoning sector for cloud-based human capital management software. Oracle's (NASDAQ:ORCL) $1.9 billion ...
News Analysis: The Implications Of Oracle's Acquisition Of TaleoForbes
Roll up, roll up! Oracle digests TaleoZDNet (blog)
Oracle buys talent management firm Taleo for US$1.9BITWorld Canada
E-Commerce Times -Smart Data Collective -Industry Leaders Magazine
all 108 news articles »

Google News

home | site map
© 2006