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Romania on the Rise: Investing in Eastern Europe le have is: “How do I fit and why do I matter? They want to know how their efforts link into the “big picture?” The job of a supervisor is to make sure these goals fit the organization strategy and that objectives are specific, measurable, are action oriented, realistic, and time-bound (SMART)."Moscow aside, if you look at central and eastern Europe, Bucharest is probably the biggest and most interesting opportunity for property investors right now," says Edit Vesser, corporate director for CB Richard Ellis in Bucharest in an article recently published by the esteemed Irish Times.In February 2005, I first alerted readers of Escape Artist to the incredible potential latent in the Eastern European country of Romania. Several readers who contacted me purchased land through a realtor that I advised them of in an area outside of the city limits of Bucharest at 40 Euro per square meter. That land today is now fetching an estimated 200 Euro per square meter.I was cautioned by colleagues to refrain from quoting the above figures as they seem quite sensational. Indeed, they are representative of unique successes and do not represent the average gain to be expected on property held in the Bucharest area for less then one year. However, such gains are possible and it is not uncommon to hear of such success stories occurring from transactions made on the current market.These exc Task 5. The fifth cylinder of the supervisory performance engine is feedback and coaching. Some supervisors find this extremely easy to do, others find it very difficult. Some supervisors fear that they are going to hurt a person’s feelings if they give employees honest, constructive, and timely information about performance. But people are curious, they thrive on feedback, they are eager to know how they are doing, where they are going, and how do they stand in the organiz Are You Spending Time On Things You Value? Most of us know from personal experience that supervision is not easy. A lot of research supports the fact that supervision, or the lack of it, is one of the primary reasons why talented people leave an organization. So this brings up the question, what does a good supervisor have to do in order to unleash motivation, keep talented people engaged, and help drive results for the organization?Sorting through all the pieces of what goes into a life or career can seem rather daunting. You may feel that if you can put food on the table and keep a roof over your head, and maybe somehow find time to spend with your children, that’s about all you can reasonably do. Taking the time to think through your values – what you hold most dear in life – seems like a nice extra, but not at all critical. After all, don’t we all know what our values are anyway?Not really. One of the most important causes of career stress among people between the ages of 38 and 45 is precisely this issue: What they are doing all day every day has little or no relationship to their most deeply held values. On the other hand, for people in this age group, one of the most important elements in overall satisfaction, meaning and productivity is having a good match between your values and your career.How can you know what’s important to you? How can you know whether you are out of sync? Try this simple exercise: 1. Review this list of values: • Security • Monetary success • Family • Pos Our research and nearly 30 years of supervisor training experience, indicates that supervisors must successfully perform 10 tasks in order to make a difference. It’s that simple. If supervisors want to obtain discretionary effort, that is effort above and beyond what a person needs to exert just to keep their job, supervisors will need to pay close attention to these things. Supervisors could use these tasks as a checklist of their effectiveness, and then make changes in their practices or behaviors where they may be coming up short as a leader. Let’s explore these 10 tasks and what we call, “The Performance Engine.” Task 1. In order to provide some horsepower for the organization, a supervisor has to demonstrate concern, interest, and support for their workers. I think the number one question most employees have is this, “Does anyone appreciate me for who I am and what I do?” In effect the supervisor has to be able to build a relationship with people. A supervisor must be approachable, accessible, even friendly. Our supervisor training does not suggest that a supervisor has to be best friends with employees, they do need to be friendly enough that people feel comfortable communicating and sharing concerns (the good, the bad, and the ugly). Task 2. High performance organizations need supervisors who can communicate strategy to employees. The supervisor has to be able to convey a sense of the organization’s purpose and answer questions and clear up confusion about the organization’s mission and goals. The question that most people have is, “Do I feel connected and part of something? Do I like what this organization stands for? Do I know where it is headed?” If a supervisor can manage these questions they will unlock a lot of hidden talent, motivation, and discretionary effort. Task 3. The third cylinder of the performance engine deals with roles. Everyone has to understand what they are accountable for and what their responsibilities are. Roles need to be clear; they need to fit in with the strategies and objectives of the organization. A role has to offer some challenge, some interest and intrigue. The supervisor has to make sure that the tasks and activities are clearly defined, reviewed, and updated. The supervisor has to design jobs so they offer motivation potential and satisfaction. Task 4. The next part of the performance engine is targets (objectives) that employees need to reach. People who have clear targets and objectives are more productive and achieve more. Targets give people a sense of purpose and enable them to stay connected to the work. Smart objectives stretch people to new levels of achievement. The question that a lot of people have is: “How do I fit and why do I matter? They want to know how their efforts link into the “big picture?” The job of a supervisor is to make sure these goals fit the organization strategy and that objectives are specific, measurable, are action oriented, realistic, and time-bound (SMART). Task 5. The fifth cylinder of the supervisory performance engine is feedback and coaching. Some supervisors find this extremely easy to do, others find it very difficult. Some supervisors fear that they are going to hurt a person’s feelings if they give employees honest, constructive, and timely information about performance. But people are curious, they thrive on feedback, they are eager to know how they are doing, where they are going, and how do they stand in the organiza Keeping Focused in Online Business is Key! rs could use these tasks as a checklist of their effectiveness, and then make changes in their practices or behaviors where they may be coming up short as a leader. Let’s explore these 10 tasks and what we call, “The Performance Engine.”Whenever you are starting a new business online one of the toughest things to do is to focus all of your attention on that one business. Alot of people find themselves jumping from business to business because the results don't come quick enough. Actually the truth in what you are doing is really just jumping from idea to idea. You truly aren't actually running a business but just filling your time and distracting yourself from being successful. Creating and making a business successful takes 1. Time. 2. Effort. 3. And finally it requires you not to dump it and stop working on it just because a month after launch you have not made as many sales as you would have liked to.Some people and even I are guilty of this. We will take an idea, develop it for 3 months or so and then put it online thinking it will be an instant success. When it doesn't take off right away we dump it and jump onto our next great idea. Usually before doing any effective marketing or promotions to get people to our website. Now if they don't know you are there, then how will they ever come to your site. It is like a new v Task 1. In order to provide some horsepower for the organization, a supervisor has to demonstrate concern, interest, and support for their workers. I think the number one question most employees have is this, “Does anyone appreciate me for who I am and what I do?” In effect the supervisor has to be able to build a relationship with people. A supervisor must be approachable, accessible, even friendly. Our supervisor training does not suggest that a supervisor has to be best friends with employees, they do need to be friendly enough that people feel comfortable communicating and sharing concerns (the good, the bad, and the ugly). Task 2. High performance organizations need supervisors who can communicate strategy to employees. The supervisor has to be able to convey a sense of the organization’s purpose and answer questions and clear up confusion about the organization’s mission and goals. The question that most people have is, “Do I feel connected and part of something? Do I like what this organization stands for? Do I know where it is headed?” If a supervisor can manage these questions they will unlock a lot of hidden talent, motivation, and discretionary effort. Task 3. The third cylinder of the performance engine deals with roles. Everyone has to understand what they are accountable for and what their responsibilities are. Roles need to be clear; they need to fit in with the strategies and objectives of the organization. A role has to offer some challenge, some interest and intrigue. The supervisor has to make sure that the tasks and activities are clearly defined, reviewed, and updated. The supervisor has to design jobs so they offer motivation potential and satisfaction. Task 4. The next part of the performance engine is targets (objectives) that employees need to reach. People who have clear targets and objectives are more productive and achieve more. Targets give people a sense of purpose and enable them to stay connected to the work. Smart objectives stretch people to new levels of achievement. The question that a lot of people have is: “How do I fit and why do I matter? They want to know how their efforts link into the “big picture?” The job of a supervisor is to make sure these goals fit the organization strategy and that objectives are specific, measurable, are action oriented, realistic, and time-bound (SMART). Task 5. The fifth cylinder of the supervisory performance engine is feedback and coaching. Some supervisors find this extremely easy to do, others find it very difficult. Some supervisors fear that they are going to hurt a person’s feelings if they give employees honest, constructive, and timely information about performance. But people are curious, they thrive on feedback, they are eager to know how they are doing, where they are going, and how do they stand in the organiz Employers are Hiring Good Candidates, Not Good Employees that people feel comfortable communicating and sharing concerns (the good, the bad, and the ugly).Let's examine the question “Do you want to select top candidates or top employees?” The answer would seem obvious but a surprising number of manager’s perform very poorly in this critical task.Peter Drucker, one of America’s leading management gurus has examined this and says, "Executives spend more time on managing people and people decisions than on anything else, and they should. No other decisions are so long-lasting in their consequences or so difficult to unmake and yet, by and large, executives make poor promotion and staffing decisions. By all accounts, their batting average is no better than .333. At most one-third of such decisions turn out right; one-third are minimally effective and one-third are outright failures. In no other area of management would we put up with such miserable performance.”One hiring expert reports “I see the pattern of poor hiring far more than what would seem logical. In fact I am frequently flabbergasted by the poor hiring practices I have observed.” He found some interesting facts that can cause this behavior. Research suggests the answer may be a Task 2. High performance organizations need supervisors who can communicate strategy to employees. The supervisor has to be able to convey a sense of the organization’s purpose and answer questions and clear up confusion about the organization’s mission and goals. The question that most people have is, “Do I feel connected and part of something? Do I like what this organization stands for? Do I know where it is headed?” If a supervisor can manage these questions they will unlock a lot of hidden talent, motivation, and discretionary effort. Task 3. The third cylinder of the performance engine deals with roles. Everyone has to understand what they are accountable for and what their responsibilities are. Roles need to be clear; they need to fit in with the strategies and objectives of the organization. A role has to offer some challenge, some interest and intrigue. The supervisor has to make sure that the tasks and activities are clearly defined, reviewed, and updated. The supervisor has to design jobs so they offer motivation potential and satisfaction. Task 4. The next part of the performance engine is targets (objectives) that employees need to reach. People who have clear targets and objectives are more productive and achieve more. Targets give people a sense of purpose and enable them to stay connected to the work. Smart objectives stretch people to new levels of achievement. The question that a lot of people have is: “How do I fit and why do I matter? They want to know how their efforts link into the “big picture?” The job of a supervisor is to make sure these goals fit the organization strategy and that objectives are specific, measurable, are action oriented, realistic, and time-bound (SMART). Task 5. The fifth cylinder of the supervisory performance engine is feedback and coaching. Some supervisors find this extremely easy to do, others find it very difficult. Some supervisors fear that they are going to hurt a person’s feelings if they give employees honest, constructive, and timely information about performance. But people are curious, they thrive on feedback, they are eager to know how they are doing, where they are going, and how do they stand in the organiz What Do You Need to Know About Business Greats ountable for and what their responsibilities are. Roles need to be clear; they need to fit in with the strategies and objectives of the organization. A role has to offer some challenge, some interest and intrigue. The supervisor has to make sure that the tasks and activities are clearly defined, reviewed, and updated. The supervisor has to design jobs so they offer motivation potential and satisfaction.Great men are born once in a while. Men are great not because they are born with some attribute of greatness but their deeds make them great and remarkable individuals in history. Such people thus are not born overnight it takes one’s whole lifetime to achieve that success and fame that one only dreamt of. The article throws light on some of the great men who brought revolution in the business world. Their achievements not just brought tremendous credit to their name but are largely beneficial to the multitude.• The Tobacco Industrialist Washington Duke (1820-1905)- the personal life of this farmer from North Carolina was a sad story for both his wife and son died of the same disease. Adding to the disaster, his cotton crop too failed at the same time. Btu Duke did not let this stop himself from proceeding in life. His life was full of struggle he even became a prisoner of war during the Civil War. Finally the big break that changed his entire life came when he manufactured the popular product ‘tobacco’. The Union Army that was staying in the North Carolina had a great liking for tobacco. Du Task 4. The next part of the performance engine is targets (objectives) that employees need to reach. People who have clear targets and objectives are more productive and achieve more. Targets give people a sense of purpose and enable them to stay connected to the work. Smart objectives stretch people to new levels of achievement. The question that a lot of people have is: “How do I fit and why do I matter? They want to know how their efforts link into the “big picture?” The job of a supervisor is to make sure these goals fit the organization strategy and that objectives are specific, measurable, are action oriented, realistic, and time-bound (SMART). Task 5. The fifth cylinder of the supervisory performance engine is feedback and coaching. Some supervisors find this extremely easy to do, others find it very difficult. Some supervisors fear that they are going to hurt a person’s feelings if they give employees honest, constructive, and timely information about performance. But people are curious, they thrive on feedback, they are eager to know how they are doing, where they are going, and how do they stand in the organiz Business Process Management Resources le have is: “How do I fit and why do I matter? They want to know how their efforts link into the “big picture?” The job of a supervisor is to make sure these goals fit the organization strategy and that objectives are specific, measurable, are action oriented, realistic, and time-bound (SMART).Business process management resources are valuable repositories of details regarding the management of any business. One such main resource is the Internet. There are a lot of websites offering guidance for managing business processes in order to run a very competitive and cost effective company. Even though several companies and agencies come forward with references to business process management resources through their websites, only a few among them are trustful.Through the Internet, you get ample options to browse through a large collection of articles related to the management of business processes. You also get a chance to ask your questions on the forums. There are some websites providing links to sites devoted to business process management. These provide information about the latest software tools developed for business processes. These tools are the business process management systems. A software tool must be installed only after understanding the business processes well. If the processes are not clear then incorporating BPM technology will create more confusion. There are numerous Task 5. The fifth cylinder of the supervisory performance engine is feedback and coaching. Some supervisors find this extremely easy to do, others find it very difficult. Some supervisors fear that they are going to hurt a person’s feelings if they give employees honest, constructive, and timely information about performance. But people are curious, they thrive on feedback, they are eager to know how they are doing, where they are going, and how do they stand in the organization? Task 6. The next area the supervisor must pay attention to is skill development. People have a thrust for knowledge and learning. A good supervisor will constantly be looking for opportunities to develop people on and off the job. People want to know if someone will be there to help look after their training. They know the world is changing and that if they don’t stay current and up to date, they will become irrelevant. Task 7. The performance engine will be starved for fuel if the supervisor isn’t willing to “go to the mat,” be willing to wrestle and fight for resources: the financial support, time, tools, technology, and equipment that people need in order to perform. Everyone wants to know: Will this organization provide the tools I need so that I can successfully perform my job safely and do quality work. Task 8. The eighth area of the performance engine is opportunity. What we mean is access to future opportunity and potential. Before people will put a stake in the ground and pin their future to the organization, they want to know: Will my supervisor prepare me for the future and the changes that will inevitably come? Will I have opportunities to add value, be relevant, and secure? If people know that their supervisor is looking ahead and thinking strategically about the future, employees will be reassured that the future is bright and they will go the extra mile and step up to challenges. Task 9. The job of every supervisor, to some degree, depends on his/her ability to get everyone to work collectively as a team. This means that people have to share information, share ideas, be willing to help each other and make some sacrifices for the good of the team. So, a supervisor has to lead by example as they build cohesiveness and unity. Teamwork is important because some individuals feel more responsibility or more accountability to the group than to the supervisor. If a supervisor can create some bonds and a sense of connection with members, they can go a long way to unleashing discretionary effort. Task 10. Last but not least, good supervisors maintain the performance engine by taking care of rewards and recognition. This means a supervisors has to pay attention and be sensitive to people’s unique needs for recognition, reinforcement, as well as economic rewards (pay, benefits, and incentives). Everyone is different and some people “work to live” and some people “live to work.” So supervisors have to adjust the way they recognize and reward people. Everyone needs to feel they are treated equitably and fairly in this area. While supervisors may not always be able to fully control the rewards, and they will never be able to fully satisfy this inexhaustible need for material rewards, but a supervisor must be aware of people’s needs in this area and talk about them. There is no question that a supervisor has his/her work cut out in order to stay on top of these 10 tasks. There is always maintenance to do on this performance engine. So a supervisor’s job is to pay attention to these 10 moving parts, and from time to
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