the 7 classic management mistakes

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Title: The 7 Classic Management Mistakes

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Page 1: The 7 Classic Management Mistakes

Title: The 7 Classic Management Mistakes

Page 2: The 7 Classic Management Mistakes

develop a sense of leading indicators

manage cash flow

communicate the core mission

act quickly

have a viable plan B

play offense instead of defense

pay attention to competitor changes

Failure to:

Page 3: The 7 Classic Management Mistakes

1.

Failure to:Develop A Sense of Leading Indicators

Page 4: The 7 Classic Management Mistakes

The most effective way to see what lies ahead is by looking at key indicators such as trends in suppliers, customers, competitors and elsewhere for insight.

Page 5: The 7 Classic Management Mistakes

2.Failure to:

Manage cash flow

Page 6: The 7 Classic Management Mistakes

Cash Is King! Without a readily accessible cash flow tool, your business will falter.

Page 7: The 7 Classic Management Mistakes

3.

Failure to:Communicate

The Core Mission

Page 8: The 7 Classic Management Mistakes

Tomorrow

Sr. management needs to be able

to

clearly state how the hard actions taken

today

helps all of the stakeholders

Page 9: The 7 Classic Management Mistakes

4.Failure to:Act Quickly

Page 10: The 7 Classic Management Mistakes

Paralysis by analysis. Management must focus on fixing the problem rather than analyzing it endlessly.

Page 11: The 7 Classic Management Mistakes

5.

Failure to:Have A Viable

Plan B

Page 12: The 7 Classic Management Mistakes

A contingency plan is your business’ safety rope, just in case things start to get shaky. A Plan B is a must.

Page 13: The 7 Classic Management Mistakes

6.Failure to:Play Offense Instead of Defense

Page 14: The 7 Classic Management Mistakes

The best defense is a better offense. Don’t be stuck in your old ways. When the time is right, you must attack.

Page 15: The 7 Classic Management Mistakes

7.

Failure to:Pay Attention to Competitor

Changes

Page 16: The 7 Classic Management Mistakes

Keep your eyes open so you see what the competition is doing and can make

adjustments to your own business plan.

Page 17: The 7 Classic Management Mistakes

Contact Information

Gregg Landers Growth Management [email protected]