Category Archives: Management

Time Management Courses Its Objectives

Time management is not a new concept. The truth is people have been practicing time management even in ancient times whether they are aware of it or not but the term has been coined in modern times often to refer to techniques and strategies to help people use their time effectively.

In todays fast-paced world such strategies are necessary for everyone, whether students, stay-at-home moms, employees or business executives. It is no wonder, therefore, that demand for time management courses have grown.

One of the most important objectives of time management courses is to clarify the definition of time management, which creates the notion that people can control time when in fact it is a fixed resource that everyone has in equal amount. People cannot increase time or make it slow down, but they can change how they spend time. In other words, time management courses are about managing ones behavior with regards to time.

Time management courses develop the following skills and values in order for a person to effectively manage ones self planning, organization, priority setting, delegation, discipline and commitment. Time management courses aim to help participants improve their effectiveness at work and gain more control of daily tasks so they become more productive while being able to reduce stress.

By attending time management courses, one will learn how to avoid or reduce time wasters, which are the usual culprits behind poor productivity. They will learn how to handle interruptions and say no to additional work when they already have too much on their hands. Participants will also learn to set and clarify goals and identify their priorities for the day. Time management courses develop a persons decision-making skills in relation to using their time efficiently.

Some of the specific subjects covered in time management courses include daily scheduling, setting top priorities, delegation, organizing files, organizing the workplace, identifying goals, managing communications, managing meetings and many others.

Time management courses are ideal for anybody who needs to become skilled at or knowledgeable about the principles and techniques of effective time and self management. These people typically belong to senior management positions and administrative staff. However, anyone who wants to deal with the following challenges will benefit from time management courses:

– People who lack control in their daily life
– People who want to become more productive
– People with several responsibilities
– People who would like more time for their personal life

As you can see, practically anyone will find time management courses useful. They are highly recommended to offices and businesses. Depending on your needs, you can find time management courses that are open to anyone while there are those tailored to the needs of a specific organization.

ENERGY MANAGEMENT EDUCATION – SUSTAINABLE ENERGY MANAGEMENT

Energy Management – a must need of today’s environment. Energy management is a single term but it has a broad meaning in itself. It is the process of monitoring, controlling, and conserving energy in an efficient way. It refers to the practice of saving power in home, businesses, offices and institutes. Everybody should learn the basic phenomenon of -Energy Management’ to save nature and forging the Earth a better place to live in. Everyone knows what is energy? In simple words it can be best defined as -It is the capacity for doing work-. Meaning, no energy-no work !! So to conserve energy we should learn fundamental concept of energy management. Energy management includes planning and operation of energy-related production and consumption units. Main objectives of energy management are resource conservation, energy conservation and cost savings. It includes using energy in an efficient manner without wasting it. The VDI Guideline 4602 released a definition as : -Energy management is the proactive, organized and systematic coordination of procurement, conversion, distribution and use of energy to meet the requirements, taking into account environmental and economic objectives-

Energy Education – a way to proper energy management The demand and supply of energy changes from time to time. The complex relationship among the demand and supply for energy and environment, are all part of the process of planning and managing a cost-effective sustainable development. Energy education leads to efficient energy use to sustain the future needs. Educating for energy, leading to Sustainable energy Development, needs to be at the core and an integral part of all school programs. It is the responsibility of all teachers to increasing the awareness, values, skills, and understanding needed to create a just and sustainable future. There are many professional options in energy education. Every year large no. of engineers are getting attracted toward this field of clean energy education sector. It is vital for our next generation to have a safe and healthy environment living. Education and Energy projects should be executed in every schools and organizations of the world and it is our sole duty to support and actively participate in energy education awareness programs. Who to Call ? One organization that has taken the responsibility of energy management education, is DriveChange. It is an organization that works to make the world a better place for all. DriveChange, based in Singapore has executed Education and Energy projects in schools and organizations in Singapore, Indonesia and Malaysia. DriveChange has been awarded a grant to pilot an energy program for the Singapore government. The team at DriveChange is a balanced blend of educators, engineers and business associates. Visit http://drivechange.in for more information.

Shaping Quality Management Processes

Whether you offer services or products to your customers, ensuring quality to your customers is vital to help to shape a better and more profitable business. You cannot, however, just expect quality and especially if you are running a busy and hectic company you need to have good quality management processes in place to ensure that quality is consistent throughout the organisation.

Before setting the processes involved in quality management, you need to decide what kind of level of service you are expecting in other words, to write a quality policy which sets out a baseline level for the quality you expect each member of staff in your organisation to give. With this policy, everybody knows where they stand and exactly what is required of them in their day to day work tasks.

Quality management isnt only about ensuring customers are happy, although youre likely to want to include a way in which you handle complaints and customer feedback in your management processes but it can also benefit the business in a number of different ways. It will help, for example, to track make records of invoices and receipts in a more efficient and effective way, ensure your staff members are correctly trained and working towards their personal development aims alongside good HR processes and an overall higher level of service or product.

Once youve identified your quality policy, and the areas you would like to cover, the next step is to outline the processes which you already have in place youll find that even if you dont think you have processes in place, there will be a few informal ones you already use. If youve noticed problem areas, or find places where you think there should be some improvement, this is the time to tweak the way in which you work to iron out any of these issues.

Check these processes against the quality policy youve written and identify any that will need processes adding to them to ensure your policy can be upheld before creating a process document. It is really important to remember that your quality management system should adapt and change as your company develops and as new issues arise youre unlikely to get it right first time, so dont be afraid to make changes until you get it right.

You shouldnt be afraid that your business is too small to have a quality management system in place. In fact, smaller companies have a big advantage over large companies when implementing systems of this nature, because having the processes in place early gives a good framework for development and growth.

Remember to include forward thinking processes in your organisation; ensure someone is keeping up to date with the latest changes in legislation and regulations to keep your business one step ahead of the wheel.

Although there is no reason why companies cannot simply use their own resources and people for the task of setting up a quality management policy, help can always be found if youre looking for an expert to give you a hand. Business consultants can help you really lay down good processes and there are standards that you can be accredited to so that you can prove that your quality management system really is of a high quality.

Debt management program Your way to financial freedom

Debt management program helps people to mange their debts effectively. With debt management program you can easily do away with all your debts with minimum effect on your credits. This program is carefully charted out based on your current debts and financial situation so that you get out of debts and remain debt free in future also.

Debt management program includes debt elimination, debt negotiation, credit counseling and debt consolidation. With the help of these you can easily reduce your pending burden.

Debt elimination requires you to pay only a minimum amount to close all your debts. By closing all your existing debts you will be free from paying interest to all those sources. The money saved in this way may be used to repay the existing loan which will be having a little bit more interest. By doing this you can relieve yourself from all your debts.

Debt negotiation is also an important part of the debt management program. In this case you can with out any help or with the help of an expert interact with the lenders to agree for a reduced amount for lump sum payment. That is the lender will reduce the total amount so that you can repay it completely and come out of your debt.

Your financial advisor will give you tips to effectively repay debts so that your credit score increases while your debts are eliminated. You will get benefited from the vast experience of your advisor to manage your debts within your budget. With credit counseling you can learn to remain debt free and handle your financial obligation in a better manner.

Another important part of debt management program is debt consolidation. Debt consolidation allows you to merge all your outstanding debts and unpaid expenses into one loan. This new loan carries lower interest rate so that it becomes easier for you to settle all your debts. The monthly installments on this loan are low and manageable.

A debt management program is a simple and effective way of solving your financial mess. Once all your debts are settled in full your credit score will also improve and will be able to enjoy a life without debts.

Alex Jonnes is associated with Easy Debt Consolidations. He is Masters in Business Administration and writes on various finance related topics. To find Debt management program ,debt consolidation loan bad credit, online debt consolidation loan, easy debt consolidations visit http://www.easy-debt-consolidations.co.uk/

Time Management Tips – 3 Insights To Using Collaboration To Increase Your Priority Power

Time management tips are just as important when you work in tandem with others. But the dynamics can create complications. To make the most of your time, develop your collaborative skills. Keep in mind the following points as you enter into group projects.

When conceptualizing a project with multiple participants, structure the work flow in terms of dependencies. As you do this, your capacity to prioritize effectively will grow. .

A. Collaboration, Dependencies and Efficiency

Perhaps you have encountered the project management term, “dependency” before.

In essence, when a task you share responsibility for requires collaboration, the “dependency” is someone outside of your immediate work group who plays an essential role in your achieving your goals. When you prioritize tasks, dependencies must be factored in and accounted for.

For example, let’s say that you work closely with a few different departments at your job. You need to establish a working budget every quarter, so you look to the finance department to supply you with accurate figures. Because they generally take about a month to assemble and present you with the necessary data, prioritize your request. Therefore, you need to make it well in advance of your due date. This way, you get the data you need with time to spare.

B. When You Are At The Hub Of Others’ Plans

And of course, others depend on you as well.

In one scenario, your daughter needs your help in assembling her costume in the next school performance. In order for her to to succeed, she trusts you to provide essential support. As a result, you prioritize this task very highly indeed! Your love and respect for your child and acknowledgment that she relies on your assistance induces you to schedule the work in right away.

C. The Benefits of Considering Dependencies As You Schedule And Assign Priorities

You gain in any number of ways when your plans include dependencies from the onset.

1. Chances are that your productivity increases with every incremental step forward.

2. The more you think in terms of coordination, the more understanding you develop of the entire working system. In the same way that defensive driving helps you view the traffic patterns more astutely, you’ll find that a holistic overview of your workplace helps you establish more realistic priorities and due dates.

3. Finally, note how staying attuned to others’ needs and time constraints often promotes good will and flow. As you understand others’ priorities, they may in turn relate with more sensitivity to yours. Your time is enhanced, you become more efficient and effective, and general morale increases.

Remember, there are always new ways to develop more productivity while clarifying important relationships.

And to energize and mobilize yourself, sign up for our free Finding Time Success Kit, with “The New Finding Time Boundary Template: 9 Steps to Find More Time & Recharge Your Energy!”

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Different Levels Of Management

The term Levels of Management differentiates different managerial positions in an organization. When the organization grows in size and when the employees also increase in number, it leads to increase in the number of levels of the organization and vice versa. There are three levels of management basically :

1. Top Management – The General Manager, Managing Director, Chief Executive, Board of Directors all belong to this category. Authority mainly lies with this level of management. The top level management generally performs planning and co- ordination function. It lays down the broad policies and goals of the organization. It is also answerable to the shareholders for functioning of the organization. The middle level managers are also appointed by the top level management. It also maintains links with society at large.

2. Middle level Management – The departmental heads and the branch heads belong to this category of management. The Middle level management is answerable to the top level management for functioning of their departments. The middle level management generally performs organizing and directing functions. It implements the organizational goals and plans according to the directions of the top management. They act as mediator between top and lower level management by clarifying and explaining policies from top to lower level. Also the middle level has to communicate significant data and reports from lower level to the top level management. It also boosts the lower level managers for better performance. It even has to train the low level managers.

3. Lower level Management – The foremen, supervisors ,superintendents ,etc. all belong to this category of management. They generally have to personally oversee and direct the lower level employees. This level of management generally performs directing and controlling functions. They train and boost up the workers. They look after the problems and grievances of the workers and try to solve them.

Front Desk management Systems

Today like all things hotels, motels, Inns etc need to become highly organized so that they can provide the best to their guests while maintaining profitability

Hotel guest’s reliance on technology in the office and home has raised the bar for their travel expectations. Hotels are increasingly being asked by guests to provide them with the same quality of technology they have at home and the work place. For this software’s designed for the hospitality industry are a great boon. They help hotels and motels to provide such value-added services as Internet reservations and connectivity to Global Distribution Systems.

The Front Desk Is The Control Center For The Entire Hotel

Front Desk management systems are general purpose software’s that can be used at hotels, motels, inns, resorts, lodges, and bed & breakfast operations. These systems are the control centers or pulse of the whole hotel management.

This software is ideal solution for all kind of property. Main features include: Quick check-in/out, hotel status from the main menu, Direct billing, Expense management, Transaction management with insert, delete and edit features, back up and resort of data, importing and exporting of guest data and many more

Front Desk management systems integrate many critical functions to provide the highest level of speed and service available today. Using the system’s advanced technology, front desk personnel can make reservations, check guests in and out, process credit cards, issue keys, and perform other property management tasks with ease.

Features of Front Desk Management

Though there are many Front Desk management systems, the best of them must include certain features

Check in Check Out More Details

Reservation

Group Management/ Operations

Direct Billing/ City Ledger

Full network support

Multiple rate & rate type support in single stay

Comprehensive User Management

Well designed back up and restore database operation

Transaction management with insert, delete & restore feature

Expense Management

Easy to Configure Software

House Keeping Reports

Guest Message

Address Book

Guest Feedback

Document and Emailing

Query Module

Night Audit Reports

Travel Agent Information

Business Source and Marketing Codes

Easy way to keep track of Non Rental Charges

Seasonal Rate Types

Availability Summary & Stay Information

Phone Directory

Room Exchange

Detailed Tax More Details

Manual and Auto Rent Posting

Integration with Credit Card Processing software

Customized folio notices

Cash Drawer

Wakeup Call

New Card Scanner

Guest database with advance search, export & import facility

Conclusion

In a dynamic industry such as hospitality, businesses require Front Desk management systems to deliver performance, scalability, and component integration and ultimately profitability.

Prabhash Bhatnagar is Manager of Sales & Marketing, maker of hotel management system and frontdesk management software handles the key aspects of the running of client’s business, including bookings & reservations, Housekeeping, Spa, POS and generating reports.

Function Of Management

An organisation is course of achieving its objectives is influenced by several internet and external factors. The external factors are beyond control. The internal factors can, however, be controlled or suitably amended to facilitate the achievement of the predetermined objectives.

Every manager tries to ensure that all that is thought of is achieved. It requires for a systematic approach involving a careful forecast and coordinated group effort.

The sequence of careful forecast and coordinated group efforts involves combination of several functions to be performed by a manager. These managerial functions vary from one organization to another. There is no unanimity amongst the scholars as to the functions required to be performed by manager. Different scholars of management have described the function of management differently depending upon their research and studies.

1.Forecasting and planning
2.Organizing
3.Commanding
4.Coordinating, and
5.Controlling

In above classification of functions, forecasting was considered as an integral activity of planning. Commanding included directing and staffing. Coordinating, an overall function of management was considered as an independent managerial function. Organizing and controlling were treated as usual functions.

1.PLANNING
Planning is the fundamental function of management. It implies setting the targets or objectives required to be achieved and also deciding in advance the probable courses of action or methods required to achieve these objectives.
Koontz and ODonnel define planning as An intellectual process, conscious determination of course of action, basing of decision on facts, purposes and considered estimates.

2.ORGANISING
It is implies the managerial process of creating the authority responsibility relationship throughout an organization. It involves the function of delegating authority as ell as fixing the responsibilities. As a managerial function the process of organization includes the following activities.

3.STAFFING
Staffing is concerned with planning and organizing human resources requirements. Staffing includes the activities which aim at selecting, training and placing the persons of required skills and capabilities

4.DIRECTING
Directing is known as the driving force. To quote koontz and oDonnel Directing is the inter-personal aspect of managing by which subordinates are led to understand and contribute effectively and efficiently to the attainment of enterprise objectives.

5.CONTROLLING
Controlling means ensuring that the performance of the persons matches the plans decide in planning stage.

Enjoying Stress With Stress Management Games

When stress turns into something really overwhelming, the body takes the toll different body parts start to fall off ensuing in overall collapse of its administration. Stress management games are intended to prevent such situation. Depending upon ones need for countering stress, a lot of new methods for stress management have been formulated stress management games perform a significant role. With this technique, permanent relief of stress is excluded, but one is able to accomplish partial results.

According to various researchers, it has been proven that stress management games play a vital part in relieving stress and scores over other conventional approaches in conquering stress. However, stress management games need not be the hard games such as cricket and football. It can be in more relaxing forms such as swimming, which is an excellent stress reliever; even showering longer while singing as loudly as you like, or dancing around the house, are great stress relievers.

For those who dont want to get out of a room to handle their stress, they still have options. The all-time stress giver Internet, also has alternatives for stress relief play online competitions, multi-player games, or computer games, and one can find much drop in ones stress levels.

A lot of stress management games are formulated for the advantage of employees, students, and those managerial people. The competitive arena of these individuals has made their world a more stressful one, and so the need to take useful and effective approaches to reduce stress is important.

Among the many stress management games that has been created for employees to make a fictional understanding of stress include Apprentice Team Game, Free New Team Game, Millionaire team Game, Free Spiderweb Team Game, Amazing Race Team Game, Team Building, and Survivor Team Game.

These games and techniques have had a lot of positive aspects. The new processes, technical advances, and ways, have shaped new forms of stresses, and so it is but normal for new sorts of games to relax the mind and body to be designed. These games give three elemental benefits exercise, fun, and accomplishing objectives. The interaction between employees through these platforms, have gone a long way to lessen the burdens of stress.

Stress management games should serve two purposes; to give the individual some mental diversion, and some physical activity. A persons final goal is to recognize his or her stresss root causes. After stress management games session, one should think calmly about this phase.

Get more information about Motivational and NLP Hypnosis at Articlegrow.com.

Management Buyout

A management buyout (MBO) is a form of acquisition where a company’s existing managers acquire a large part or all of the company.

Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company, and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most basic warranties to the management, on the basis that the management knows more about the company than the sellers do and therefore the sellers should not have to warrant the state of the company.

Management buy outs are usually brought about because an owner wishes to retire or because a parent company wants to sell a particular part of its business which it no longer sees as central to its future plans.

Selling to the existing managers is often considered a good way of securing the future of the operation and that of its staff because the existing management teams are a known quantity and the current owner trusts them to look after the business.
The existing management teams often have clear strategies of how to grow the company and to make significant personal wealth as part of the process.
The good news is that MBOs have a relatively high success rate as the management team is familiar with the business and can deal with any issues quickly.
Although simple in concept, there is a lot of value at stake in an MBO process, and all of the parties want to maximize their share of the value. Most of the other parties are experts at MBOs and will also employ their own advisers to look after their interests.
A successful management buy out (MBO) needs a combination of factors in place to ensure its success:

1. The team of managers needs to have a spread of skills and talents. It needs someone who understands the ins and outs of a balance sheet (a financial manager or qualified accountant). It needs someone with vision to see what the business could become, given time and investment.
2. The business must be viable. It does not necessarily have to be profitable but it does have to be capable of achieving profit. Often, MBOs take place because managers feel they could do a better job than the existing management.
3. The existing owner of the business must be willing to sell. If he or she won’t sell, there’s no way of taking it over unless the financial backers and shareholders in the business give their approval.
4. At the end of the whole process, an MBO has to achieve a realistic price for the business. If the existing owners are selling because they want to retire, they’ll hold out for the best possible price. So too will most owners except those who are desperate to get some cash in. But bankers and other financial supporters will not pay just any price the agreed valuation has to reflect the potential of the business.