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According to Johnny Carson "Talent (or qualifications) alone won’t make you a success. Neither will being in the right place at the right time, unless you are ready." This rings true even today, as possessing essential traits is crucial for success in both work and life. While qualifications and training...

This little illustration, from habit 7 of Stephen R. Covey’s “7 Habits of Highly Effective People” demonstrates the necessity of self-renewal in ensuring one’s capacity to remain effective. In his words, “this is the single most powerful investment we can ever make in life – in the only instrument we...

In our preceding discussions on operations management, we focused on the crucial issues of efficiency and cost. In this post, we will explore the equally important aspect of quality management. It is widely recognized that successful business operations require effective management of all three elements - Efficiency, Cost, and Quality...

Gartner finance glossary defines cost management as the process of planning and controlling the costs associated with running a business. It includes collecting, analyzing, and reporting cost information to more effectively budget, forecast and monitor costs. Cost in operations management or operational cost, refers to the monetary value associated with...

Operations management rests on three tripods - efficiency, cost, and quality. In this post, we will look at efficiency, its role and importance in operations management and explore some practical tips and strategies organizations can use to improve efficiency in the management of its operations. In subsequent posts in this...

According to Walter P. Chrysler, “the reason so many people never get anywhere in life is that when opportunity knocks, they are out in the backyard looking for four-leaf clovers”. While it is believed that four-leaf clovers bring good luck, with a frequency of approximately 1 in 5000, the rarity...

As a manager, you are often responsible for making tough decisions, dealing with conflicts, and navigating challenging situations. It's important to have people you can turn to for advice, guidance, and support. Here are some benefits of having a support network: Perspective: When you're dealing with a difficult situation, it can...

Having gone through the previous posts in this "Stepping into Management" series, you should no doubt be sufficiently prepared for the next level – Managing Others! As you transition from an individual contributor to a manager, your responsibilities shift from achieving personal goals to achieving corporate goals through people. Doing...

Becoming a manager for the first time can be both exciting and challenging. You're stepping into a new role with new responsibilities, managing former peers, and building credibility as a leader. Having come this far in your career, a point where you are no longer responsible for just yourself, a point where you...

As the old saying goes, "With great power comes great responsibility." This is certainly true for those who step into a management role for the first time. Management is a crucial component of any organization, and effective management can make the difference between success and failure. However, the transition to...

In today's fast-paced business environment, monitoring and evaluation (M&E) is critical for any organization looking to achieve sustainability and growth. By regularly assessing the progress and impact of activities, organizations can identify areas for improvement, adapt to changing circumstances, and make data-driven decisions. In this post, we will discuss the...

Balancing the need for quality with timeliness in monitoring and evaluation (M&E) can be a daunting task. It requires a strategic approach that considers the project timeline and the desired outcomes. Whether you're a project manager, an M&E professional, or just someone interested in improving your project management skills, this...

While data collection is an essential first step in monitoring and evaluation, it's not enough on its own. The real challenge lies in bridging the gap between data collection and decision-making to ensure that M&E research leads to real-world impact. In this article, we'll explore the key steps M&E professionals...

In today's fast-paced, rapidly changing business world, companies are under increasing pressure to not only drive profits but also to consider the impact of their operations on society and the environment. This is where Corporate Social Responsibility (CSR) comes into play. CSR refers to the voluntary actions taken by companies to...

Corporate Social Responsibility (CSR) has become an increasingly important aspect of a company's strategy as consumers demand businesses to play a more active role in contributing to society. However, many companies find it a bit challenging to implement a successful strategy due to the lack of consistency and standardization in...