Tons of downer news these days and many managers have faced/are facing the trauma of laying off members of the team that they’ve worked so hard to build, so I thought some upbeat advice/information and stories to help you do your job better managing would lighten your weekend.
Business Week was kind enough to offer up a trove of stuff worth reading.
Some of the smartest ideas came from readers such as Autumn Parrott at Frist Center for the Visual Arts.
“We had a 25% budget cut. To help people understand the budgeting process, we formed a committee comprising only people who are not senior managers. It started conversations between departments and created a greater understanding of how our money is spent. People serve for a year. Each department gives recommendations like ‘we’re spending $70,000 a year on cleaning, so now everyone should clean their own offices and only use a cleaner once a week.’ One benefit of bringing in a variety of people is you don’t come up with the same ideas over and over again.”
This is a real winner. Sharing financial information below executive level is anathema to most bosses, but doing so increases employees’ sense of ownership which usually unleashes a barrage of cost-saving ideas.
There’s a great piece on trickle-up innovation where low-cost products developed for emerging countries are being tweaked for sale to affluent ones—the opposite of typical development.
There’s a lot more, but one in particular I’d like your opinion about before I say anything.
Please read Making the Case for Unequal Pay and Perks, come back and tell me what you think.
I’ll be posting my thoughts in a couple of weeks.
Image credit: flickr