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Archive for the ‘on management’ Category

I’ve been trying to see the CEO for a few weeks and all my efforts have been in vain. She’s too busy with many issues and although I have this feeling that she wants to give me time, she still didn’t. The topic I want to discuss can save the company money and avoid a major lawsuit from continuing. What can I do to get my CEO’s attention? ...read more

In one of your previous Two Cents answers you wrote, “Without defining your business, it’s difficult to tell which approach is more suitable for the business.” I find it difficult to come up with a vision for our business and I can’t see how important it is to have one when we’re actually making good profit every year. Is your statement mainly theoretical or am I missing something? ...read more

My brother and I own a local restaurant that we started last year. The location turned out not as great as we thought. We found the perfect site but the current tenant wants the equivalent of three times the annual rent value to leave. I’m not sure this is a smart financial decision. However, my brother is convinced it’s the right opportunity for us. Should we go ahead? ...read more

My company has the Kuwait rights for a restaurant franchise. We have two branches up and running, but the franchiser has been pushing us since the start of this year to open five more. The market’s condition doesn’t justify such expansions. Should we play tough or trust their judgment? ...read more

One of my employees is not a team player. She prefers to work alone. All books and articles talk about the importance of teamwork. If this is true, then I should fire her but she actually cares about her job and when she handles solo work she gets it done. What’s your advice? ...read more

Consequences of the natural disasters in Japan found their way to our market. Our company sells Japanese electronics and the factory told us they are stopping production for about two months for safety reasons. Our losses in the coming months will be devastating. Is there anything we can do? ...read more

In a recent seminar the instructor said, “Don’t be connected emotionally to your business. If it’s not working out, shut it down and walk away.” Isn’t passion an important ingredient to success? If I’m not emotionally engaged with my business I won’t enjoy or be able to grow it. How do you see it? ...read more