Category: Health Benefits
Turbulent economic times typically require budgetary constraint and even cutbacks. As business slows and revenues decline, executives demand managers reduce spending and increase production efficiency. Waste cannot be tolerated and must be rooted out.
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The Leader Initiated, Rules and Standards Controlled Environment represents a moderate leader led work environment that gives lower level mangers and supervisors somewhat more autonomy to direct day-to-day activities without relinquishing centralized control. This culture set realizes the benefits of centalized direction setting and improved, if not rigid, consistency. The reliance on rules and standards provides some degree of local flexibility that heightens situational responsiveness but diminishes consistency in actions and results between workgroups and locations.
The following characteristics, benefits, risks, and risk mitigators are representative of the Leader Initiated, Rules and Standards Controlled Environment.
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White Chocolate Mocha from StarBucks
The jerk went to school today and pretending to be the “Father of The Year” because he took the kids with him even if he had a class. Anyway, I have done the most important thing today which I should have done a long time ago. After that I walked straight to SuperCut and had a haircut. Then hanged out at Starbucks with a White Chocolate Mocha and a Very Berry Coffee Cake. I was there sitting and staring at nowhere enjoying my me time. Thinking how miserable my life right now. It may be expensive to hangout at Starbucks but at least it helps a little just sitting there and looking at those group of kids and people.
This is my 47/366 Blog Photo Challenge
♥LIFE MIX
“Learn from yesterday, live for today, hope for tomorrow.”
Albert Einstein
Awarded the 1921 Nobel Prize in Physics,
Named Time’s Man of the Century in 1999,
and
Best known for his conception of the theories of special and general relativity
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Key Performance Indicators to Align the Contract Management Process With Your Sales Process
by Adobe/EchoSign, Inc.
Learn 3 steps that will help your organization sell faster, sell more and recognize revenue quicker.
The merger of contract management processes with sales processes has become a top priority for CEOs and CFOs as the ability to get contracts signed, tracked and filed becomes a critical component in driving revenues. From renewals to projections and compliance, the ability to close the contract in the shortest timeframe possible and readily access the executed contracts across the enterprise will become the leading performance indicator of a company’s long term success.
By aligning the sales and contract management process, companies can identify when and where to automate, and determine what services and solutions will work best to optimizing efficiencies from contract creation to contract close.
StrategyDriven has partnered with TradePub.com to offer you complimentary one-year subscriptions and/or free trials to dozens of leading business publications. No coupons, credit cards, special codes, or purchases are necessary. Publications are entirely FREE to those who qualify. Click here for more information on Key Performance Indicators to Align the Contract Management Process With Your Sales Process.
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Dog Shadow
The weather last week was sort of springy weather and Mr. Sunshine showed up. So, I thought of making some hand shadow so i can play the shadow shot Sunday again.
Duck Shadow
What animals do you think this shadow is?
Linking this entry to 366 Blog Photo Challenge
♥LIFE MIX
by Jim Collins and Morten Hansen
About the Reference
Great by Choice
- Have leaders who were more disciplined, more empirical, and more paranoid
- Believed that a ‘fast world’ necessitated ‘fast decisions’ and ‘fast actions’ was a good way to fail
- Changed less in reaction to the radically evolving world than their poorer performing comparison companies
Benefits of Using this Reference
StrategyDriven Contributors like Great by Choice for its data-driven analysis of organizational performance in turbulent times. We believe this assessment and its findings are particularly relevant given today’s highly uncertain marketplace.
However, StrategyDriven Contributors believe there are some flaws in Collins and Hansen’s analysis. First, it appears that a majority of the 10x companies were small, fragile, and subsequently more nimble than their comparisons during the early portion of the comparison period. We feel this difference in organizational structure materially influenced the results each company was able to achieve; the 10x companies having ‘less to lose’ were better positioned to take the actions necessary for a higher long-term payoff whereas their peers were laden with ‘historical scaring’ – legacy contracts and obligations, well established shareholder expectations, etcetera – and were subsequently more confined in what they are able to do and so were less likely to be able to take the action needed to achieve 10x gains.
Another flaw was the comparison of Microsoft to Apple. While both were high tech companies during the assessment period, Microsoft was a software company whereas Apple was an integrated software and hardware company; placing it in a very different business. We disagree that these companies were comparative.
Finally, Collins and Hansen do not broaden their analysis to include companies such as Microsoft and Apple that change performance positions over time. Subjectively, if a company can be great by choice, then turnarounds such as that which Apple orchestrated in the 2000s should not only be possible but, given the vast number of businesses in the marketplace over the past 100+ years and the several periods of market turbulence, should have occurred in other instances. Validating the Great by Choice principles against several turnaround examples would help strengthen their assertions – assuming they are true.
In spite of our analytical reservations, StrategyDriven Contributors like Great by Choice and believe it offers significant, if not groundbreaking, insight to the principles for building a successful organization regardless of the marketplace environment. For its data-driven insights of how to succeed during uncertain times, Great by Choice is a StrategyDriven recommended read.
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Budgets are the financial representation of an organization’s business plan. As such, they convey a great deal of information regarding the organization’s direction – its ongoing operations, market pursuits, future investments, and staffing levels. And while it is important to include the workforce in the formulation of these plans, it is equally important to maintain the confidentiality of information providing competitive advantage or that may unnecessarily alarm workers. Such information should be communicated in a deliberate, sensitive manner at an appropriate time and place. Therefore, managers should ensure an appropriate degree of budget confidentiality is maintained throughout the development process.
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This post brought to you by Walgreens. All opinions are 100% mine.
In a recent discussion in one of the groups in Facebook that I belong, monthly bills and insurances became a very hot topic among those that live in the US. Some of my friends have been complaining of their high monthly bills, their mortgages, loans, insurances and other stuff. They’ve mentioned that one of the most important things to get is the health insurance. Without it, getting sick would mean a hefty amount to be spent. They’ve also concluded that because of all these bills, they have to work hard, cut costs and save a lot, even with their medicines and prescriptions.
Reading through the long thread of discussion brought our attention to the latest offering from Walgreens. They are giving a special discount for annual membership for the Prescription Savings Club at Walgreens. Family membership is offered at for the year and covers the immediate family members, the spouse, dependents 22 years old and younger and even the pets. For individuals, you can enjoy Prescription Savings Club for only . Aside from this, members can save on more than 8000 brand-names and generic medications. Discounts are also given on flu shots, pet prescriptions, nebulizer and diabetic supplies. Plus, bonuses are given to purchases on Walgreens products and availing their photofinishing services.
We’ve all agreed to check out Walgreens on Facebook to know more about their current offering. We’ve also followed Walgreens on Twitter to keep us updated. Truly, living here in the land of milk and honey is not like living in a fairy tale land, like everyone thinks of. It’s all the same, we work hard to earn and to feed our families. If we don’t, then we won’t survive.
♥LIFE MIX
Six Mistakes Companies Are Making Today And How You Can Avoid Them
by SAP
When the economy slows, many businesses react by retrenching and cutting costs in order to weather the downturn.
While such cost reduction is important, companies often overlook equally critical strategic decisions—opportunities to use valuable business information to strengthen product and service offerings and emerge ahead of the competition. The paper highlights six common mistakes companies make in a down economy, and how organizations can use business intelligence to avoid them. The paper also includes a self-assessment questionnaire to determine the level of business intelligence opportunity across an organization.
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