| |
| |
|
Management Information |
|
|
|
Why Employees Are the Best Source of Cost-cutting Ideas
Cost cutting has become a necessary and important reality in the modern corporate world. Yet many executives do not realize that their people are actually the best source of cost reduction ideas. There are several reasons for this. For starters a highly motivated workforce that understands the bottom-line and its significance to the future of a business and by extension their own future in employment can make a huge difference in any cost reduction effort. It also means that any cost-cutting ideas they suggest will be received much better by other workers and will therefore be implemented much more enthusiastically than a directive from the board or senior management. In other words, it will be much less painful for people to implement it. Then there is the fact that the workers on the job are in a much better position to recognize and identify waste. They are actively involved in the processes as opposed to managers who rarely go into the details but are in fact hired to keep their focus on the big picture or final product. Non-management staff also has more time to think and come up with ideas for improvements. This is in sharp contrast to managers who have numerous tasks like writing reports and analyzing figures among a host of other tasks with tight deadlines that they usually need to accomplish. This usually leaves them with very little time to think of ideas that they can implement to improve the business. Unfortunately, the reality is that many managers spend most of their time desperately putting out fires. These are just some of the factors that have made all workers in corporations throughout the world, the most valuable source of improvement ideas that businesses need to survive in an increasingly competitive marketplace. Chuck Yorke is an organizational development and performance improvement specialist, trainer, consultant and speaker. His specialty is helping companies improve by tapping into the creative ideas of their workers. He is also co-author, along with Norman Bodek, of All You Gotta Do Is Ask, a book that explains how to promote large numbers of ideas from employees. Chuck may be reached at ChuckYorke@yahoo.com http://www.peoplekaizen.com/
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
Downsizing in Organisations - The Real Truth I've met and worked with many people in all sectors of the business world and found that the majority of managers and team leaders are spending too much of their time on basic administrative tasks. Tasks for which they have had no training in. Business & Family Safety and Health Rating For good reason, practically every endeavor in life is rated. I've seen ratings on who or what's #1 in business, industry, NFL, NBA, MLB, person of the century, athlete of the century, technology, restaurants, university, neighborhoods, travel destination, best looking, best movie, best book, etc. Building Shareholder Value Through Your People Increasing shareholder value is the most important driver for organisations in the modern business world. Shareholder value is built through growing profit and building confidence in the organisation, which moves share prices upwards. Basic Management Skills Recent studies have shown that industrial supervisors are working at less than 60 % of their potential. Basic management skills training is guaranteed to change all this and at such little costManager in contextMost of my adult life has been spent working as a supervisor or manager on industrial projects throughout the world. Innovation Management - Raw brainpower versus experience Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas. What Your Employees Want You to Know (But You Might Be Afraid to Ask) This is a challenge for every company owner and manager. You have tremendous plans for growth and expect a lot of your employees. Gift Giving for Business a Major Headache Corporate gifting is a big headache for most business owners; how much to spend, who to spend the money on, where to get the gifts, what to get and how to gauge the effect of that giving in terms of benefits for the company are all important questions. When a company decides to give gifts it needs to be planned out as part of doing business, not just a last minute impulse. Build Rapport Fast! - Eight Easy Steps Building rapport is all about creating a relationship, in the moment. And this is vital in business, education, friendships and many other areas of life. Project Management - Its Just A Button I once worked with a developer who showed up at every product demo and constantly suggested improvements for the product. Don't get me wrong. Five Essential Hiring Practices Recruiting and hiring are often done in haste, leaving the company to repent in the long run. Today, there's a reason to be concerned about negligent hiring. Better Manager Skills - How to Learn When you first take over a department, expectations are usually high but operations are sometimes in disarray. The staff is disorganized, goals aren't being met, and hours are spent on unproductive tasks. Measure for Measure Can you imagine playing hockey without a goal? Basketball without hoops and nets? Football without a goal line? Golfing without holes or greens?There may be leagues where it doesn't matter whether anyone is keeping score, but not the big leagues. Champions of the Super Bowl, the Stanley Cup, the Masters can only be determined when there is someone keeping score. Preparing a Budget Ok, you say, I know I need a budget, but how do I prepare one? The most common budget period is one year, but this can vary depending on whether or not your business has seasonal or cyclical fluctuations. For example if you run a Christmas decorations shop, or a costume shop your business is going to peak during certain times of the year. How to do SWOT Analysis for your Business SWOT analysis is needed for all business to understand how to improve their business.To have best SWOT Analysis we use below methodSWOT on Strengths that you can use for improving your business. Human Resources: The Misidentified Subject Interest in the field of human resources has exploded in recent years due to the promises it offers for a better understanding of human beings at work. The term is now as ubiquitous as it has once been obscure. Crisis Management Tips The term crisis management has different connotations. In this article, I will try to provide pointers that can be used in most situations:Is It A Crisis In The First Place?:This question is important to ask, as there are many situations that go wrong because the right person to handle it is not around. Problem-Solving Success Tip: Use Your Project Management Skills Solving a big problem is a project: you're far more likely to solve it successfully if you treat it like one. That means you'll need to identify tasks, make and adjust assignments, and keep track of what is due when. ISO 9001 Registration - 8 Steps for Success You've made the plans, built the quality system and conducted the audit. So how do you register your company as ISO 9001 conformant? And how can you be sure you're getting the most value for your investment? Here's how the process works. Firing Someone Without Resentment Firing, sacking, letting go or terminating people is unpleasant. There are ways to minimise resentment, but why bother? Because most legal action and unpleasantness stems from dissatisfaction/resentment about the way things were handled - about how rather than what happened. You Didnt Use Brainstorming to Select Your Measures, Did You? IntroductionWhen Alex Osborn invented the creativity technique called brainstorming, I wonder if he had any idea just how extensively business would apply it. Almost every meeting employs some kind of brainstorming event, but there's one meeting that really should leave it off the agenda: the performance measure selection meeting.
|
| home | site map |
| © 2006 |
