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Management Content
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Improving Customer Demand Forecasts: Absolute Error, Accuracy Percentage, Seasonality and Business Cycles
The following article is a must read for any company looking to improve the accuracy of their sales forecasts. It provides three essential tools to improve how these forecasts are measured and put together. Subjects covered include absolute error, accuracy percentage, and the impact of seasonality, and the company´s business cycles, on its sales forecast. There is a graph depicting how best to track the impact of seasonality on customer demand, and three additional tips are provided on how to manage various business cycles.
Words: 900 Downloads: 0 Category: Management By: VisionquestQualities You Need to Be a Great Manager
Just because you´re an expert in your field doesn´t mean you know how to be a great manager. Many mediocre managers know a lot about their industries but very little about the essential function of their jobs: managing people. Every successful manager with a productive work team exhibits these essential qualities.
Words: 852 Downloads: 0 Category: Management By: Gina PoirierUsing MechanicalTurk to Gather Information Very Quickly & Cost Effectively
MechanicalTurk, an Amazon Service, is one of the most useful resources available for gathering information quickly and accurately online. This article reviews the kinds of tasks you can undertake with the service and provides step by step instructions for setting up a job fast.
Words: 617 Downloads: 0 Category: Management By: Nancy FultonHow to Maximize Hotel Revenue
In the competitive world of hotel management, a skillful approach to revenue maximization is essential. The hotel must strike a balance between filling empty rooms while still maintaining a profitable room rate. And there´s only one chance to get it right—an empty room is revenue lost forever. Innovative revenue strategies, fresh branding and a constant appraisal of visitor demographics is essential to maximizing the hotel´s potential. This article discusses strategies, tips and the unanticipated side effects a manager must consider.
Words: 995 Downloads: 0 Category: Management By: Tia BenjaminThe Role of Management to Employees
Company values are important if any business hopes to thrive in today´s competitive marketplace. Besides just the values applied to top management levels, the treatment of employees should never be overlooked. Yesterday´s businesses profited as a result of the poor treatment applied to the work force through the separation of management and employees. Today, good relationships between top brass and the lowest employee is necessary for the efficient functioning of the company.
Words: 550 Downloads: 0 Category: Management By: MrMagicaCommon Traits of Collaborative Leaders
Collaborative leaders motivate peers to perform to their highest potential and reward contributions from colleagues. This article points out common traits found in this leadership style, and how successful managers use collaboration to reach goals.
Words: 402 Downloads: 0 Category: Management By: Marlene Garcia