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Archive for June, 2007

Baldrige Award

Posted in Uncategorized on June 21, 2007 | Leave a Comment »

To assess management systems and to identify major improvement areas. Explanation of Baldrige Award.The categories performance criteria model of the Baldrige Award can be used to assess management systems and identify major improvement areas.  The Baldrige Award was established by the US Congress in 1987 and named after former Secretary of Commerce, Malcolm Baldrige.  It [...]

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14 Principles of Management of Henri Fayol (1916)

Posted in Uncategorized on June 12, 2007 | 7 Comments »

The general management principles as summarized by Fayol. Explanation of 14 Principles of Management of Henri Fayol. (1916) Contributed by: Vincent Marino
WHAT ARE THE 14 PRINCIPLES OF MANAGEMENT? DESCRIPTION The 14 Management Principles from Henri Fayol (1841-1925) are:
1. Division of Work. Specialization allows the individual to build up experience, and to continuously improve his skills. [...]

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7-S Framework of McKinsey

Posted in Uncategorized on June 12, 2007 | Leave a Comment »

What is the  7-S Framework? Description
The 7-S Framework of McKinsey is a management model that describes 7 factors to organize a company in an holistic and effective way. Together these factors determine the way in which a corporation operates. Managers should take into account all seven of these factors, [...]

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The BCG Growth-Share Matrix

Posted in Uncategorized on June 12, 2007 | 3 Comments »

The BCG Growth-Share Matrix is a portfolio planning model developed by Bruce Henderson of the Boston Consulting Group in the early 1970’s. It is based on the observation that a company’s business units can be classified into four categories based on combinations of market growth and market share relative to the largest competitor, hence the [...]

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4 Dimensions of Relational Work

Posted in Uncategorized on June 12, 2007 | Leave a Comment »

The 4 Dimensions of Rational Work of Timothy Butler and James Waldroop is presen in the Harvard Business Review (HBR) of June 2004. According to Butler and Waldroop, interpersonal common sense is critical in almost any areas of business.
Basically, Managers can boost productivity by :

By hiring the right emplotees.
By making the best work assignments.
By rewarding [...]

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