Economic crisis is not the cause of business collapse

Many businesses today have been brought down not only by the global recession but also by mismanagement. It is not in order to assume that the global economic crisis should only be working against your business. Many managers who are failing today are blaming the bad economic conditions for their poor performance. A good business manager should be able to look for effective ways of handling a bad situation and getting the best out of it.

One of the most deceiving business ideas is that by putting your eggs indifferent baskets, you are going to be successful. Most of the managerial trainings include what is commonly called ‘portfolio management’. This theory supports the idea of investment diversification. This is why managers think that during bad financial moments for the business, they need to diversify their investments in order to reduce the risk of losses. This may not be a solution if the management style is wrong. A poor manager will still fail even in a diversified portfolio.

Many are left wondering about what they should do if diversification is not working. The truth is that diversification should only be left for those who are not sure of making it in one line. Instead of diversifying your investments, you should be thinking of specialization.

You should be looking for the best business strategies that can make you a king in your line of operation. Unfortunately, many business managers view success as only retaining some profits for the business. Very few people are endeavoring to be the most outstanding businessmen.

Monday, August 17, 2009

Office affairs- boss and subordinate dangerous love affair.


Nothing is so attractive to a male boss than a confident lady with an unwavering self esteem. It is said that men love challenges and the truth is that they will be trying their best to win that tough lady. You may be rich, well educated, driving the latest car and so on but confidence is what gives an icing to the cake. Every man will feel privileged to have a lady that was hard to win around him.

Just like a family, work place relationships are a part of every office and they come in all designs, patterns, and strategies and of course intensities. But I must admit that love affairs are not encouraged in most offices and mainly occur due to a lapse in the human resource department. The extreme happens when boss is eyeing one of the new subordinates. From experience, I have discovered that the bosses always want to date somebody new in the office and have no business with the old colleagues. This should sound an alarm to the new comer. Know that your boss had another lover before you came in.

Anyway, you should not just dismiss everybody who is showing some interest in you. But be careful about the people who are almost dating you on your first day in office. Every serious man will pay the price for it, even if it takes two years. To avoid the disappointments of having to deal with broken relationships hangovers, it is better to date outside your office.

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