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Showing posts with the label management tips

Book Review: A Small Management Tips Book with a Big Punch

Management Tips by Harvard Business Review offers some important advice for managers. The book is small but gives strong advice and explanations on how to become a better manager. It is something that you put on the shelf and refer to the key principles of management when needed. It is broken into managing yourself, managing your team and managing your business. You can zoom through the book in a few hours.  You may be interested in a few tips: Listen: Listening is a skill that is learned over time. Truly listening means to try and understand what another person is saying and why they are saying it. You can determine a lot about the person, their goals, their motivations, and their personalities simply by listening. The book encourages readers to think about the conversation and try and understand where it is headed.  Be Confident-But Not Really Sure: Having a strong opinion is a sign of confidence but being so sure about that opinion is mental weakness. The point i

Retaining Competitive Advantages through Specialized Human Capital

Organizations seek to develop uniqueness that will allow them to create competitive advantages that allow them to better compete on international markets. The combination of human capital and organizational factors helps develop those firm specific qualities. The development of human capital through firm-specific skills will further retain the talent of organizational members and encourage lower levels of knowledge loss or competitive posturing. Competitive advantage is a unique organizational strength a company develops over competitors through the offering of higher products, value, or benefits that justifies higher prices on the market. It is a condition whereby an organization is more efficient and productive than those it competes with. Such firms are seen as competitive, “ if it is able to create more economic value than the marginal competitor (Peteraf & Barney, 2003: 314). Through this competitiveness, additional benefits are earned by the organization that other