If you are spending over an hour a day on emails there are some golden rules to save you time, as David Parmenter explains*.
* This article is an extract from The leading Edge Manager’s Guide to Success published by John Wiley & Sons Inc.
Finance teams, and those staff within them, cannot afford to have their […]
1. Look for your hedgehog (refer to Jim Collin’s “good to great”, or “built to last”). Besides these books are great templates for a writer
2. Write a book that can help the reader implement ( must be a simple blow by blow account with templates, good diagrams, draft PowerPoint presentations etc) . You want to leave a […]
Dr Spackman is a rare author. One who has discovered some ground breaking findings, practised them and has now shared his work with the world. The book is profound on a number of levels. Not only will it help you be more successful, as you yourself define success, but also happier, less likely to make […]
In this article, David Parmenter argues that the greatest danger of performance management is dysfunctional behavior and an organization with dysfunctional performance measures would function much better without them. Does your organization need this radical treatment? You can find out by simply using his checklist for assessing the damage poorly designed performance measures may be causing in […]
For anyone who wants to understand how you build high performing teams this is a must read book. Interesting enough all the sporting gold mines are teams built on hunger and poor amenities. It points out:
the magic of the first 10,000 of practice being achieved ASAP
great teams practice more
providing comforts and great facilities maybe counter […]
For anyone in business who wants to kick start a new product or service the tipping point is a must read book. Written by Malcolm Gladwell and accessible through this link
Micheal Hammers article written in Spring 2007 MIT SLOAN MANAGEMENT REVIEW is simply brilliant I rated in my top 10 articles I have ever read.
Open this link and print it today.Please read it asap.
PBSs should be ‘road tested’ on the last complete business cycle
When you think you have a good scheme test it on the results of the last full business cycle, the period between the last two recessions. View the extent of the bonus on the net profit.
You need to appraise the PBS as you would a […]
PBSs should avoid any linkage to share price movements
No bonus should be pegged to the stock market price as the stock market price does not reflect the contribution staff, management and CEO has made.
Only a fool believes that the current share price reflects the long term value of an organisation. Just because a buyer, often […]
(extract from “The leading-edge Manager’s guide to success – strategies and better practices”. The book is available Amazon, see link on www.davidparmenter.com
By David Parmenter
Performance bonuses give away billions of dollars each year based on methodologies where little thought has been applied. Who are the performance bonus experts? What qualifications do they possess to work […]