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Accelerating Business Management and Organizational CapitalTip! Although you might know exactly what your team should be doing, unless you tell them what you want they will be left goalless and unproductive. For business management processes to work, you need to clearly define your expectations and goals to your team. Most Business Management Consultants and Experts understand that the key to strong teamwork within executive management is to insure that each member of the team works well together. One of the newest buzz-words is organizational capital. Which is simply the additional synergies that a strong team gets when they work well together as a team and thus better than the added up individual performances of each person.
This should be nothing new if you think of a basketball team or sports team when each of the players knows in advance of each play or situation what the other players will do. Thus a perfect example of this is the "No Look Pass" as one player, simply knows where that other player will be and that other player knows that he knows and that my friends is the ultimate organizational capital. But how can we accelerate this when team members change or new groups form, are spun off or are acquired? Well perhaps one way would be to play strategy games or run thru countless practice scenarios, but of course all that does take time right? Well then why not put them in the field for a few days at a remote outlet or location of the company and develop a new market or launch a new product and get loosened up working together in a "Blitz" like marketing mission? How do I know this will work? Well because we friggin did it and kicked butt, and so if you have any balls at all or if you are truly into 180% efforts and winning, then you will do the same. If not you will be run over by your competition or a company like ours. Be well my friend, no further advice today. Consider this in 2006. Tip! Another business management characteristic is to know how to respond to industry changes and market conditions. A successful entrepreneur will learn through other people's knowledge and efforts especially those of their clients or competitors. Lance Winslow
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