My friend Mike Schaffner is running a series on how well IT folks understand the business in which they work. I think the questions are good ones for anyone trying to lead all or part of a business. Here are Mike's first ten questions, dealing with general business understanding. See how well you do on these. And see Mike's blog for further instalments in the series.
The first ten questions
Can you read and understand financial statements?
Can you calculate a discounted cash flow or internal rate of return?
What are liquidated damages?
Do you know what the following terms mean and do you understand them? - DSO, EBITDA, ROI
Do you know the difference between cross-selling and up-selling and value-selling?
What does it mean when we say the dollar is "weak" or "strong" ?
What is a matrix organization?
What is the basic difference between Chapter 7 and 13?
You have slaved long and hard in a functional role, rising to "manager of accounting" or "maintenance manager" or "HR manager" or any number of other management roles. Now you want to move up a step to General Manager*.
What do you need to do now to prove that you are ready for the move up? Here's what I look for in a potential General Manager.
The year-end holiday season is too often filled with stress, anxiety, anger, over-indulgence, lack of sleep and lack of exercise. For many of us, January brings a sigh of relief.
Believing there must be a better way, Kristin Ruis and I are developing a group coaching experience to help you and people like you eliminate holiday stress. We'd like your help in the design phase. You are invited to take part in a free one-hour design call. We're holding two calls on October 18 - one at 9 am Eastern and the second at 9 pm Eastern time (U.S. time).
The design session won't cost you anything except an hour of your time and any long distance telephone charges. We hope you'll come away from the call with some tips and tools to help your own holidays go well. In addition, if you decide to join the coaching group in November we'll give you 10% off on the registration fee.
Will you help us on the 18th? If so, please email me or Kristin before October 11.
What's your relationship with time. Does time rule your life? Do you have enough of it? Are you spending it on wants or shoulds or coulds? Here are 25 random thoughts on time that help me get the most of the time I have. Which might be helpful to you? What other thoughts help you enjoy the fruits of your time?