There are hundreds of tasks involved with business management. In this video, learn how to focus your limited time resources on important management tasks.
- The next cost waster that's to do with people … is management time. … And managers have a lot more discretion … about how they use their time, … and therefore they can waste their time … more effectively than anyone else. … And in effect it's not just them, … but it affects everyone else because management's important … and everything they do affects other people. … So, for example, politics. … You can lose so much management time … playing games between departments … and having endless meetings. … I'll give you an example. … I used to lecture on an MBA program at a local university, … and there was endless politics between departments. … It's probably not like this now, … but back then we were at the business school … and we used to get lecturers in from the IT department … and the finance and the legal department. … And the people who taught on the law degree … didn't like the business school. … We were sort of bitter rivals for some reason, … I don't know why. … And so we would say could we have somebody …
- Different cost areas affecting your business
- Comparing cost vs. income
- Enhancing your work environment
- Focusing on the most important management tasks
- Getting better deals on raw materials and labor
- Recognizing your optimum quality level
- The hidden costs of subcontracting
- Where to avoid cutting costs
- Top ten cost-cutting actions to take
Skill Level Beginner
What to expect1m 3s
1. What to Reduce
2. Reducing Labor Costs
3. Costs Other Than People
4. Top 10 Tips
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