CONTROL AS A MANAGEMENT TOOL

Control, be it internal, operational, financial, accounting, administration or managerial, is important for eight (8) basic objectives.

1. To ensure the reliability and integrity of information.
2. To ensure assurance or comfort of compliance with policies, plans, procedures, laws, and regulations.
3. For safeguarding of assets and resources.
4. Producing economy, efficient and effectiveness of operations.
5. Maximising the usage of resources (be it financial, investment, assets and resources).
6. Accomplishment of organisation objectives, mission and goals, programmes and business.
7. Management accountability.
8. For corporate governancing.

Source - Josef Eby Ruin / Appointment / NST

FRUGAL! FRUGAL! FRUGAL!

We should ask ourselves these questions before buying something :

• Do I really need it ? 
• Can I delay having it ?
• Can I get a less expensive alternative ?
• Or better still, can I get it for free ?

Source - AKPK / NST

YBHG DATO' GHAZALI MOHD ALI - DIRECTOR BOUSTEAD PROPERTY

WORK ATTITUTE & LEADERSHIP

• " I believe I'm as good as my staff "
• " I will not ask my staff to do something that I myself cannot do such as self-discipline "
• " To get thing done, I am prepared to get my hands dirty "
• " I like challenges and welcome them in whatever shapes they come "
• " For people to understand me better, I believe in consistent leadership "

INGREDIENTS FOR SUCCESS

• No shortcuts to success. " You have to work hard for it ! "
• Success is never final, failure is never fatal !

" SUCCESS is never FINAL and FAILURE is never FATAL ! "

  
Source - Berita Boustead

FOOD FOR THOUGHT

GIVING & TAKING CRITICISM

GIVING CRITICISM - EPM

• Empathize
• Pinpoint problem
• Moving forward

TAKING CRITICISM - 4A

• Anticipate
• Ask question
• Agree with something
• Analyze

GAINING COMMITMENT

Employee commitment comes from ;

• Your ongoing relationship with your employees
• Your management style and that of your organisation
• Your coaching skills
• Your own commitment to coaching and to your employees

To generate commitment you must demonstrate your own commitment. Your commitment to coaching - remember the benefits.

For you ;

• A more successful and productive department
• Greater confidence when delegating tasks to your employees
• Development of your own management skills
• A growing reputation as a 'developer of people'
• Less time-consuming firefighting, allowing you to spend more time on your own development

Source - Coaching for Your Employees / Nancy Stimson / Kogan Page

MONEY JARS

The World's Easiest And Most Effective Money Management System ;

1. FINANCIAL FREEDOM ACCOUNT (10%) - for saving and investment to generate more money
2. LONG TERM SAVINGS FOR SPENDING (10%) - for an expensive item like going for holiday or buying a plat-screen LCD TV
3. NECESSITIES ACCOUNT (55%) - for all your daily expenses
4. EDUCATION (10%) - for investing on your own or children education
5. GIVE ACCOUNT (5%) - for contributing to others
6. PLAY ACCOUNT (10%) - for celebrating your success

Source - NST