Comments on: My Initial Forays Into Management http://fortashford.com/my-initial-forays-into-management Investing in Insurance & Risk-Related Businesses Sun, 05 Sep 2010 06:49:37 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Frank Kavanaugh http://fortashford.com/my-initial-forays-into-management/comment-page-1#comment-55 Frank Kavanaugh Sun, 17 May 2009 04:54:33 +0000 http://fortashford.com/?p=467#comment-55 <p>MBO - Management by Objective. When you identify specific goals like "lower inventory by 10%" or "raise sales by 20%" and then compensating people or judging their performance.</p> <p>MBWA - Management by Wandering Around. Keeping your hands on the pulse of the organization by "wandering thru".</p> <p>Best Practices & Benchmarking - the act of comparing oneself/company to others and then attempting to mimic them. We will talk at length about this "brilliant management approach" in future blogs.</p> MBO - Management by Objective. When you identify specific goals like “lower inventory by 10%” or “raise sales by 20%” and then compensating people or judging their performance.

MBWA - Management by Wandering Around. Keeping your hands on the pulse of the organization by “wandering thru”.

Best Practices & Benchmarking - the act of comparing oneself/company to others and then attempting to mimic them. We will talk at length about this “brilliant management approach” in future blogs.

]]> By: Robert Kavanaugh http://fortashford.com/my-initial-forays-into-management/comment-page-1#comment-54 Robert Kavanaugh Sun, 17 May 2009 01:14:38 +0000 http://fortashford.com/?p=467#comment-54 <p>A cliff hanger? Well, I can't wait until next week then. What's a MBOs MBWA Best Practices and Benchmarking?</p> A cliff hanger? Well, I can’t wait until next week then. What’s a MBOs MBWA Best Practices and Benchmarking?

]]>