management skills

February 5, 2007 11:49pm CST
guys jus wanted to know ur ideas of how u all ll manage a firm 0t 500 members...... tat has a profit of 3 milloin / yr
1 response
@maibam (142)
• India
6 Feb 07
First change your marketing team these guys are doing bad. For a firm of that size should make more than that whether it is in million pounds, dollars or rupees. Second as cost is escalating give less basic salary but high performance bonus. Don't be strict on employees for they don't like to be bounded in a chain give them space. Give them a target they can fulfill else they would be unsatisfied with the work. eg. if you are paying 10K per month for a certain employee then decrease the basic to say around 5K then give another 5k based on peformance. If the employee performs more than that give him or her a share of the profit. A book can be written on various ideas on how to manage. Managing an organisation is not a simple arithmatic it requires all the skills of the world. So, better use HIT and Trial Method in managing it.