Allocation of Management Resources

Most new initiatives that contractors try often fall short of expectations due to poor management time allocation during start-up.

D. Brown Management Profile Picture
Share

We work with a lot of contractors and rarely see truly bad ideas or teams that truly can’t execute.  

Management Tools: Time Allocation for New Initiatives.

The more common problem is usually management resource constraints; especially at the critical executive leadership level.  When a new idea (or problem) comes up the best management talent can see both the mountain top, the mountain and the path to success very clearly.  

Moving from a new idea into a sustainable system managed mostly by others is the challenge.  Make sure you prioritize management time effectively on the initiatives that will have the biggest impact.   

  • Allocate enough time for truly developing the concept ensuring that the team that will be start-up and long-term management are fully in alignment.  This ALWAYS takes longer than expected
  • Allocate 2-4X that much time for heavily managing the PDCA cycle in the first 3-6 months spending a lot more time Planning, Checking and Adjusting than Doing.  This will ensure smooth scaling and easier routine management.

Learn more about how we help teams learn to execute better 




Incentive Compensation for Contractors - Audience Question: Cooling Off Period and Closing
Sometimes, any change in the organization, including incentive programs, simply doesn't work.
Taxes - 4 Critical Aspects
Your taxes are most likely one of your top three expense categories. There are four critical aspects to them, starting with strategy, then modeling and planning, management, and preparation and filing. All are important and must work together over time.
Cash Flow Tip 16 - 5/10/15 Collection Process
Use the 5/10/15 Collection Process to ensure faster payments. Don’t let the marginal gains achieved so far with Cash Flow Tips 1-15 get squandered by poor collection practices.