Management Reviews: Rate the Managers / Boss

How do you rate your current boss? Do you think that the present boss to whom you are reporting is better than your former manager? Perhaps you haven’t thought of it in this way and for this reason you find it difficult to answer these questions. But your rating of your bosses could help others find right job and the management reviews could help companies know how their managers are handling employees.

It isn’t obligatory to rate your boss but if you think of it in a broader perspective, you might find it necessary if you are working for a company and you want to give it your best. What if your reporting manager isn’t providing you opportunities? In this situation, what would you do? Maybe you would quit your job and go to another place. But what is the guarantee that you would find a friendly manager at the new workplace? This is where you could take advantage of employees reviewing their managers.

Writing a review doesn’t mean describing the strengths and weaknesses of a person in length. It is about assessing his strengths on a scale of 1-5 ratings. The information would be general and not specific and you are not allowed to target a specific person. Personal comments, irrelevant remarks and abusive, sexist and racist language won’t be published. The remarks should be honest, useful, constructive and overall helpful to others.

Management reviews should, in general, be positive in nature so that they could help others including employers and employees. A positive feedback would alert employees about a specific organization that has great management. Similarly, an organization could take note of the feedbacks and set their line of authority in light of this information.

You, your friends, colleagues and everyone, who has ever worked in an organization is free to rate his/her boss and manager. Remember how many managers you have had in the past? With this you would be able to pen positive management reviews and send your feedback directly to the concerned companies. In the end, you could advise the world what you have learned from your managers and how you felt working with them, what a great tool!

Companies could also take management reviews to grade their managers and raise questions on management styles. The information would help companies shuffle their managers according to the ratings if need be. A manager that has a high rating should be promoted in theory or companies could at least consider the information when promoting their managers. But it also depends upon the quality and content of the feedback. Start rating your managers today and ask your friends and colleagues to do so too, the revolution is here!

Business Management, Review and Planning

As a consequence of the global economic downturn businesses have experienced reduced turnover, shrinking margins, decreased consumer confidence and in some instances, restricted access to finance. These challenges are placing pressure on business management to reassess how they position themselves in the market place and refine their operational activities to achieve a higher level of productivity.

While this type of business management review is daunting and relatively time consuming, it is extremely important to commence early and in a coordinated manner.

By adopting an approach that incorporates a review of the company’s strategic direction, corporate governance systems, resource bundle and operational performance a business will achieve an outcome that maximised future economic potential while mitigating risks. In addition, the business manager will be in a position to engage key stakeholders (i.e. accountant, financier, financial adviser and solicitor) to ensure their benefit to the business is maximised.

Given the huge changes in the business environment, revisiting the company strategy will enable the business to identify opportunities that may not have been evident six months ago. Expansion through mergers, acquisitions, joint ventures alliances or organic growth will be a viable strategic option for some businesses while maintenance of position or scaling down will suit others.

When making strategic decisions the principal decision makers have to take into account the feasibility of their options. This process includes understanding the corporate governance systems, resources and internal processes required to implement the strategies. It also requires an objective appraisal of the past and future financial performance of the business to ensure it is capable of achieving forward expectations within the current business environment.

In the recent past this process was undertaken in April or later however in times of volatility and uncertainty it is important to have an early and clear perspective of your future direction to ensure the businesses key stakeholders understand where it is going and what will drive the financial performance. Therefore it is strongly advised to commence this process in February or March to give your financier, accountant and financial planner sufficient time to understand the business management plan, including the operational assumptions and financial budgets, so they can add value to the business well in advance.

Risk mitigation is a major benefit to the business that arises from early planning. This is achieved through the alignment of the business strategy to the current business environment and the capability of the business. During the planning process TCB Solutions conducts a range of assessments that identify operating risks, develops mitigation strategies and promote business flexibility.
 
Remember:

Planning, Preparation and Presentation Prevents Poor Performance