Monday, May 31, 2010

effective time management study

One of the most important skills we can learn that effective time management is a case study, which is something we often overlook until you see the school and its meaning.
Here are some tips to begin the implementation of the quality of your life, study when you can.

Make a plan. A regular program is extremely helpful when it comes to their studies. You must be accustomed to taking note of every task is to use this position to take the time to finishavailable.

Try to do the job, how to get it. Time management is much easier when you have finished your homework when buying them. If a task seems too difficult for you, you should change your thinking and see it as a challenge, because the hardest things first, which would have ended.

concentrate in class. Only by implementing these tips to save a lot of minutes, you can ask to try to understand what a text. This should alsowith the choice of a career that is really important.

Balance your time to the many facets of life. Anything that is not only evaluate how should concentrate on their work, you must have a time to relax. If you study all day, is likely to feel overwhelmed and stress at any time.

Focus. Focused on the issue is when the power is time management. Do not try to do a million tasks at once. Results much easier, given theThey work one after another.

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Saturday, May 29, 2010

Business Administration and Management

Importance of management studies

intense competition and global challenges require people with a keen mind and management are sorely road wins. Educating young minds can be aware of changing technologies and the adaptation of slaughtered Competition is a very difficult task, and the importance of a strong program to work programs.

Education Internet has become very popular nowadays in support of managementStudies. Many universities offer online courses for students can not enroll in regular courses. The best accounts of electricity come from prestigious universities and it is useless for their expertise in the management of some non-accredited universities. Watch college directory and a list of all universities, the quality courses of Business Administration at the summons.

Business Online

Online that is easy for studiespeople working on their competence, without thinking about looking for work. Provide space for studio time in the daily routine for your convenience. Business is not located in a place or a nation, but its boundaries beyond the limited horizon of the international community. You have to be competitive and smart enough to come all the way to manage. Portland State University is one of the few universities that offer business qualityCourse.

Portland State University in Oregon and is a city that have a university education in various schools, students from around the world. And 'one of the largest universities in the region and is growing fast and is committed to providing quality education to their students. The School of thousands of companies benefit from the administration of students through their regular programs and online.

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Friday, May 28, 2010

Is Management a Profession?

I get called to fix people problems and I'm really good at that. However, most often the person I'm helping has a supervisor or executive team member who has huge gaps in their own management skills. For example here are some of the deficiencies I observe:

Lack of knowledge and application of that knowledge regarding the differences in people otherwise know as personality differences

Stagnant professional development

Deficient skills in the areas of providing and getting feedback, coaching for improvement, delegating, holding people accountable, listening, etc.

Engaging in ineffective and unproductive behaviors

Poor interviewing and new employee selection knowledge and skills

Holding onto thoughts and attitudes that hurt morale and efficiency of the workplace

The question is, "Is Management a Profession?" The only answer is YES! In many professions like health care and medicine, members are continually learning new treatments, techniques, medicines, procedures, and continually honing their professional skills.

They can't neglect growth, development, and professional advancement or they will become outdated. At worst, an oversight board of professionals learns of some professional neglect and out goes their license to practice in that profession.

If management is a profession, why aren't managers at all levels of organizations constantly aspiring to improve and become better managers? Why is it that they exhibit the deficiencies I listed above? Are they not being held accountable for their professional development? Are they waiting for the company to invest in their training and development? Are they too busy working to engage in development activities?

There are some very significant benefits associated with self-development as a manager. You will notice an increase in your self-esteem because you will be developing and using more of your undeveloped potential and greatness.

You will feel like you are making progress in your life and according to Abraham Maslow that is living at the self-actualization level of motivation.

These two benefits relate directly to a person's emotional intelligence and a manager's emotional intelligence can contribute up to 40% of their success at work. Is self-development beneficial? You bet!

If you are a professional, you will seek and find the resources you need to overcome every deficiency and area for improvement that you identify. A professional invests in his or her own training and development.

As a rule of thumb, you should be investing one to two percent of your wages in professional development leading to more complete knowledge and competency development.

Wake up managers. It's time to move out and become the very best manager you can become. The resources are there. You only need to choose, change what you thought and did in the past, and begin traveling toward professional excellence. Do it now!

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Wednesday, May 19, 2010

Generating Excitement For Apartment Management Careers

Finding exceptional employees for the apartment management industry requires educating prospective employees about the career opportunities. Lane Company, located in Georgia, is one of the founders of the Georgia Apartment Industry Education Foundation. The main intent of this organization is to tell people about the apartment management industry and the various types of careers available in that industry.

Though the Foundation is not very old, it has raised nearly half a million dollars to further education in this area, and also to make connections with various universities in the area. The first property management courses were started at the University of Georgia, with the first class having an enrollment of one hundred and twenty students. The next semester the class had more than tripled in size, with nearly four hundred students requesting enrollment.

The class utilized the apartment management community in the area, with frequent guest lecturers from various apartment management companies within Georgia. College students are very interested in the field, and they view it as related to the hotel management industry but without many of its drawbacks, such as extremely long and varied hours. Other universities, such as Georgia Tech, also offer management courses with success.

One of the more established college programs is given at Florida State. The apartment management courses offered there are part of their residential property management major, and have an established curriculum and internship program. The program is successful enough that the college now has a job fair exclusively for the property management school

The success of this program can and does attract a number of the large regional apartment management companies as participants. All of the prospective employees that attend the job fair have already made property management their intended career and are very excited about it. It is so encouraging to see so many young people actively interested in the details of each apartment management company.

In addition to coursework in apartment management offered by the colleges, internships are also a great way to get students interested in an management career. Again, using Lane Company as an example, they offered a thirteen week internship over the summer. Seven interns enrolled in the program this past summer, and these interns applied after they heard about the great time the interns had during the previous summer.

This particular summer internship program is much more than just a summer of management leasing or busy work. It is a very structured program that exposes the students to the major tasks of each different position within the company. It does include weeks with leasing agents, with maintenance employees, and even with the accountants and construction crews on new apartment complexes.

Finding the employees of tomorrow requires educating the college students of today in the many opportunities of an management career. Each of the many apartment management communities should consider giving their time and expertise to the local colleges. This might be in the form of an occasional guest lecture, or working with some professors to design and implement a great summer internship program. It is worth it.

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Sunday, May 16, 2010

Stakeholder Management - Get Ready to Get Creative!

Stakeholder management is a pretty important component of any manager's role. In the main the key stakeholders will often be simply employees, the bigger organization and, of course, the customers and clients that are on the receiving end of the goods and services they purchase.

In many circumstances, stakeholders will be a considerably broader range - especially with larger projects - and it's vital to really understand just who will be affected by what you are doing and potentially how they will react as well.

Now, none of this is easy. It becomes less easy where a manager decides that he or she is the only person who is up to the task, thereby leaving a significant chunk of their resources in the team back in the locker room.

When this is a time to max out all the resources you have, losing possibly 95% of your people assets is likely as not an idea worth reconsidering.

By utilizing more of your team, as you come up with a plan of action for your stakeholder management, you are more likely to come up with new ideas and concepts, some of which might seem to be a bit off-the-wall to you.

Here's where the best managers are worth their weight in gold. They listen carefully to their people and stop themselves from 'editing' too hard when the wacky ideas come.

You see, out there in the real world, where stakeholders come in all shapes and sizes (often literally!), some creative ideas about how to firstly find and then manage them effectively, are much needed.

Taking a risk or two with the ideas your people come up with not only risks huge success, but it also risks building a dynamic team who will be energized by the way they are trusted to come home with the goodies.

Of course there are always going to be some ideas that get rejected, that's inevitable. What is vital is that the ideas are heard through and respected by careful questioning, that will enable the individual with the ideas to make their own decisions about feasibility and relevance too.

Remember, although something might not resonate with you in your ways of seeing things, there is everything to say that a different approach could make a valuable impact in the stakeholder activities that you need it for.

Sometimes, managers really do have to get out of their own way a little and go with the flow, because so often, there is much to gain and actually very little to lose!

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Saturday, May 8, 2010

Training KPI and Effective HR Management

The use of KPI's or key performance indicators is quite a useful concept that has become popular in strategic management. Over the past years, the practice of management has been becoming more and more based on facts and observations, and it became logical to try and define which parameters could determine performance.

Being able to have quantifiable bases with which to measure various aspects of the performance and condition of an employee, group, or company has become one of the basic principles of sound management. After identifying the various measurable quantities available, it then becomes a matter of choosing the most relevant parameters. The most important of these parameters then became known as key performance indicators (KPI).

For instance, a training KPI is the average number of training hours that each employee has undergone within a specified time period, usually a year. This parameter would be able to roughly indicate the amount of training that an employee, on average, is able to get within that time period.

By considering both the magnitude and the rate of change of this parameter, management would be able to get a clearer idea of whether their employees are receiving enough training. Conversely, if this average number is too small, or if the rate of change is negative - that is, if the number of hours show a decreasing trend - then it might be necessary to route more resources to training.

Another training KPI that might prove useful is the average training cost, per employee, over a specified time period. This cost can then be compared against the average increase in productivity, to see if the training regimen that has been implemented actually worked. For example, a high average training cost together with a low average increase in productivity would seem to point towards an ineffective training program. A lower average training cost, on the other hand, together with a high average increase in productivity would mean that the training program implemented was a cost-effective one.

It can be seen from these examples, then, that considering training KPI's individually would not always yield accurate evaluations. This is because many of these parameters are actually interrelated, and must be considered together to represent a meaningful way of measuring performance.

It is still important, of course, to be able to identify what these most important training KPI's are, to be able to monitor all of them effectively. Once data has been gathered according to these known key performance indicators, then the data can be evaluated, in light of the relationships between these KPI's. A proper selection of KPI's would help to limit the data to be analyzed to those data that would really be relevant.

In today's world, organizations are more often than not forced to adapt to changing conditions and a dynamic marketplace. This places more importance on being able to evaluate and implement effective training programs. With the use of training KPI's, managers would be able to judge better and craft good training programs for the betterment of their organization.

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Tuesday, May 4, 2010

HR Management

Human Resource (HR) management is the process of managing people and includes hiring, developing, assigning, motivating, and retaining employees to achieve organizational objectives. The contributions of HR management will vary depending upon the organization's size, objectives, functions, construction pattern, complexity, nature of production, and employers. In large organizations, the human resource management also acts as a strategic business partner to meet challenging business needs.

Globalization, corporate strategies, labor market changes, etc. led to the emergence of HR management. The main functions of human resource management are manpower planning; recruitment and selection of employees; employee motivation; employee evaluation and selection; industrial relations; employee services; and employee training, development, and education. Their functions will also include managing culture, facilitating change, strategic decision making, and creating responsive market driven organizations. The key characteristics of HR management are commitment, flexibility, quality, and integration. The "high-commitment-high-performance" HR management will improve quality of working life, quality of production, customer service quality, and organizational effectiveness.

The HR management's role is to encourage people to go beyond contract, to put business needs before rules, to develop skills, and to reduce conflicts by emphasizing common goals. HR management's contribution to corporate strategy is central. They focus on customers and they implement integrated change initiatives by fast decision making. It can directly communicate with the line management. Their leadership role is transformational and they do not emphasize standardization. HR management is valued for facilitation skills. They focus on culture change, to eliminate conflict, and develop the learning organization. The human resource management can also be answerable for an incredibly extensive list of responsibilities such as labor law compliance, health and safety guidelines, telecommuting administration, etc.

The human resource management handles a wide variety of concerns and issue areas within any company. With rapidly evolving economy, increasing technological beehives and incredibly unstable labor pool across a wide range of industries in today's world economy, human resource management play a vital role in the success of any business. It is in this context the human resource management plays the dual role of a manager and a mediator.

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Saturday, May 1, 2010

Anatomy of a Financial Statement - Property Management

Robert Kiyosaki likes real estate investing is because real estate touches each part of his financial statement. Starting with his best-selling book Rich Dad Poor Dad and continued in many of his subsequent books, Robert explains how real estate gives cash flow to his income statement and on the expense side of the income statement he's able to deduct the property's depreciation as an expense.

When seen from the balance sheet, he's able to gain appreciation on the asset side and the leverage provided by the bank rounds out the liability side of the balance sheet.

Through a property management company you can also access the four parts of the financial statement. Here's how:

Balance Sheet: Asset Column

Every property producing monthly rent is an asset. It is possible to sell the rights to manage the property to another property manager for a lump sum of money.

Balance Sheet: Liability Column

Robert uses his banker's money aka leverage in order to purchase a large property with only a small percentage as a down payment. When the property goes up in value he is able to keep the entire appreciation amount without having to share it with the bank. He can use leverage and still get the benefit of 100% of the appreciation.

In the property management business, leverage is achieved through controlling the income of a property. A property that is producing $500/month in rent gives a property manager $50 in income. If the manager feels that $500 is too low for the area, then her or she can increase the rents by 10% to $550 and the management company's income will go up 10% accordingly. How many companies can increase their income by 10% without a causing uproar among its clients?

Income Statement: Income Column

As a property management company, you take your 10% management fee directly off the top after the rents have been collected. Here again, if the manager feels that rents are too low, the manager simply raises the rent and increases the income to both the manager and the property owner. It's win-win!

Income Statement: Expense Column

While Robert Kiyosaki is able to depreciate the building as an expense, a property management company cannot take this tax advantage because a property manager doesn't own the building-the owner does, however, a manager is able to make money off the expenses incurred by the owner of the property.

Let's say that a tenant calls to say that the plumbing underneath the sink is leaking. The manager sends out his repairman to fix the leak. The repairman sends a bill to the property management company for the $12.00 plumbing parts plus $30.00 for his hourly rate.

The property manager now marks up the bill by lets say $10.00 and now charges the property owner $12.00 for the parts and $40.00 for the repair time. The $10.00 is for the manager's orchestration of taking the call from the tenant and sending out the repairman.

Now multiply this scenario by the management of 200 properties and you'll find that expense mark-up is a significant source of a manager's income.

As you can see real estate allows an investor to utilize all four parts of a financial statement. As a property manager, you can piggyback on the owner's shoulders and receive some of the same benefits of cash flow and leverage and you can actually profit from the property in ways an investor cannot i.e. expense mark-up.

And here's the best part -and the prime example of a property management's ultimate leverage: the manager isn't responsible to the bank for making the payments on the mortgage. The owner is responsible! The property manager is able to make money off the property without being personally responsible to the bank for the asset that creates all the money in the first place.

What a concept!

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