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Basel II's Three Approaches to Operational Risk Management
The operational risk requirements of Basel II proposes three
measurement methodologies for calculating the operational risk
capital charges. These are the Basic Indicator Approach, the
Standardized Approach and the Advanced Measurement...
Debt Management gives the comfort of a debt free life
Everyone borrows money from the financial market at one or the
other time to meet some urgent needs. But, at that time we don't
realise that taking various debts from different lenders may
become a burden one day. If you too are facing the...
Free Debt Management Services Compared
Debt plagues millions of people all over the world. Debt can be
a positive thing. For instance, if we never had any debt we
would never be able to buy a house or a car. Debt is necessary
in many cases, but for some people it can get out of hand....
Money management guide
When the prices of commodities are booming and expenditure is increasing in every manner, it becomes essential to make some planning for your income.
* The best way to take care of your money is to plan a budget. A budget should keep a track of...
Project Management Success with the Top 7 Best Practices
Managing a project can be daunting. Whether planning your
wedding, developing a new website or building your dream house
by the sea, you need to employ project management techniques to
help you succeed. I'll summarise the top 7 best practices at...
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Top Ten Tips About People Management
People management skills are vital for managers - it may sound simple, yet some managers find it so challenging. But there are just a few simple ideas that you can start to incorporate.
To get the best results you have to be very good at Managing People...and it's not as hard as you might think.
Here are the secrets of the very best managers:-
The best at Managing People...
- Manage!
They focus on getting their people to deliver the key activities and don't attempt do too much themselves. The best managers delegate widely, using the ethic 'Ask for forgiveness, not for permission' to free their people from blame or wrongdoing.
- Build the Best Teams
Leveraging the exceptional talents of all the people around them, managers develop and utilise capability fully - and glue it together.
- Focus on Delivery
Managers are there to deliver the day to day tactical results the business or organisation needs. Here, there is little space for strategy or vision as such, but those great at Managing People will keep a reference point there. Every manager's defined goal is measurable results.
- Build Relationships
As it's all about people, great managers build relationships easily and make it a priority, day-in-day out. They spend a lot of time with and listening to, their people.
- Accept Feedback
Actually, they don't just accept it, they suck feedback in - they use their excellent listening skills to seek out feedback all the time - in every interaction.
- Develop Others
Grasping the opportunities, the best managers quickly link them to those
Associated Websites
who can make progress in their own development - and in line with ongoing Succession Planning, prepare for the future well in advance.
- Are Accountable
They are very clear that they are 'where the buck stops'. No blame elsewhere, not upwards deflection of decisions; no 'someone else's fault'. They are where the action is and they accept it. It's down to them.
- Set Standards
To ensure that everyone is clear, great managers have simple and clear standards throughout their area of operation - ideally created in collaboration with their people.
- Are Determined
Focusing entirely on value-creation, they stick to plans, policies and change programmes like glue. They have a skill to know and deliver what is right, without veering from their Vision.
- Can Be Trusted
The best managers are ethically sound, fair and honest. They make promises only when they know they can deliver. Everyone is treated equally and their own behaviour models fairness and transparency.
Simple steps, using them can make 90% of your management very, very effective. Checkout the website for key information in 40 different people skills to develop your management skills fast!
About the Author
Copyright 2005 Martin Haworth is a Business and Management Coach. He works worldwide, mainly by phone, with small business owners, executives and corporate leaders. He has hundreds of hints, tips and ideas at his website,
www.coaching-businesses-to-success.com. (Note to editors. Feel free to use this article - it would be good if you could include a live link)
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