The 7 Classic Management Mistakes

Title: The 7 Classic Management Mistakes

develop a sense of leading indicators

manage cash flow

communicate the core mission

act quickly

have a viable plan B

play offense instead of defense

pay attention to competitor changes

Failure to:

1.

Failure to:Develop A Sense of Leading Indicators

The most effective way to see what lies ahead is by looking at key indicators such as trends in suppliers, customers, competitors and elsewhere for insight.

2.Failure to:

Manage cash flow

Cash Is King! Without a readily accessible cash flow tool, your business will falter.

3.

Failure to:Communicate

The Core Mission

Tomorrow

Sr. management needs to be able

to

clearly state how the hard actions taken

today

helps all of the stakeholders

4.Failure to:Act Quickly

Paralysis by analysis. Management must focus on fixing the problem rather than analyzing it endlessly.

5.

Failure to:Have A Viable

Plan B

A contingency plan is your business’ safety rope, just in case things start to get shaky. A Plan B is a must.

6.Failure to:Play Offense Instead of Defense

The best defense is a better offense. Don’t be stuck in your old ways. When the time is right, you must attack.

7.

Failure to:Pay Attention to Competitor

Changes

Keep your eyes open so you see what the competition is doing and can make

adjustments to your own business plan.

Contact Information

Gregg Landers Growth Management Consulting858-795-2028Glanders@Cbiz.com