the 7 classic management mistakes
TRANSCRIPT
Title: 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:
1.
Failure to:Develop A Sense of Leading Indicators
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.
2.Failure to:
Manage cash flow
Cash Is King! Without a readily accessible cash flow tool, your business will falter.
3.
Failure to:Communicate
The Core Mission
Tomorrow
Sr. management needs to be able
to
clearly state how the hard actions taken
today
helps all of the stakeholders
4.Failure to:Act Quickly
Paralysis by analysis. Management must focus on fixing the problem rather than analyzing it endlessly.
5.
Failure to:Have A Viable
Plan B
A contingency plan is your business’ safety rope, just in case things start to get shaky. A Plan B is a must.
6.Failure to:Play Offense Instead of Defense
The best defense is a better offense. Don’t be stuck in your old ways. When the time is right, you must attack.
7.
Failure to:Pay Attention to Competitor
Changes
Keep your eyes open so you see what the competition is doing and can make
adjustments to your own business plan.
Contact Information
Gregg Landers Growth Management [email protected]