Posts Tagged ‘Business’
Staying focused in business meetings.
Posted by: Lasitha Silva on: March 6, 2009
It’s a common misconception that people with ADHD (Attention-Deficit Hyperactivity Disorder)are unable to focus. ADDers are able to focus. It’s just that we have a hard time staying focused.That’s especially true when the activity calling for our attention isn’t one that we find especially engaging. Ever struggled to pay attention to a boring lecture? Or [...]
Avoid Groupthink During a Business Meeting
Posted by: Lasitha Silva on: February 26, 2009
Over the last thirty years or so, group think has become a term against which all employers rebel because it signifies the end of creative and independent thought. When you have a tightly-knit group of people who work together, they are likely to conform to one another’s thought processes, making it almost impossible to foster [...]
Managing your working capital
Posted by: Lasitha Silva on: January 30, 2009
Your level of working capital is intimately related to the flow of cash into and out of your business. Simply stated, you need enough working capital to setup the business, pay operating costs, and continue to operate until payment arrives 30, 60 or maybe even 90 days later.
But if you’ve used a lot of that [...]
Porter’s Three Generic Strategies
Posted by: Lasitha Silva on: November 12, 2008
Michael Porter argued that a firm’s strengths ultimately fall into one of two headings: cost advantage and differentiation. By applying these strengths in either a broad or narrow scope, three generic strategies result: cost leadership, differentiation, and focus.
Cost Leadership Strategy
This strategy calls for being the low cost producer in an industry for a given level [...]
Benchmarking competencies and competition
Posted by: Lasitha Silva on: November 9, 2008
When operating in a market it is not the competition that is very different from you that matters – in fact your most dangerous competitors are those that are most like you. This is because for most products and services there will be many features in common which give customers a ‘comfort’ factor and allows [...]
Conflicts in organizations
Posted by: Lasitha Silva on: October 30, 2008
Here the issue that generates conflicts is emotion, and frustrated comments, is conflict within the organization. We generally do not look at conflict as opportunity — we tend to think about conflict as
unpleasant, counter-productive and time-consuming.
Conflict that occurs in organizations need not be destructive, provided the energy associated with conflict is harnessed and directed towards [...]
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