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November Workshops:
Consultant Hussein Eissa conducted the Successful
Cost Reduction Techniques workshop at AmCham premises on November
21-23, 2004.
The workshop taught participants cost reduction techniques within
different activities in the firm, including the three main functions
of business: manufacturing, marketing and administration.
Consultant Yasser El Far held the Negation Skills
workshop at AmCham premises on November 22-24, 2004.
The workshop was designed to help business associates improve their
relationships with each other. It focused on helping colleagues
negotiate and communicate more effectively.
Dr. Mostafa El Azhary conducted the Management
of Information Systems workshop at AmCham premises on November 22-25,
2004.
The workshop provided an introduction to the fundamentals of the
design, implementation, control, evaluation and strategic use of
modern, computer-based information systems for business data processing,
office automation, reporting and decision-making. The major emphasis
was on the managerial and strategic aspects of information technology.
Consultant Yasser El Far held the Creating Marketing
Plans workshop at AmCham premises on November 28-30, 2004.
The workshop discussed the importance of a marketing plan and its
basic requirements.
Set Real Performance Goals
Provide employees with clear performance objectives by making sure
the objectives are:
• Specific. Objectives should specify a task you want employees
to perform or a result you expect them to produce. Examples: “You
must give the company name and your name when you answer customer
calls.” “Your caller-compaint number must not exceed
one percent of the calls you handle.”
• Positive. Tell people what to do, not what to avoid. Example:
Say “I expect you to be at the staff meeting by 8:45 a.m.
tomorrow and be ready to take part in the discussion,” not
“Don’t forget the meeting tomorrow.”
• Complete. “You must let me know if you can’t
make the May 5 deadline” could allow a poor performer to tell
you on May 5 that he or she won’t make the deadline. To prevent
that, say something such as, “Let me know no later than April
20 if you can’t make the May 5 deadline.”
• Required. Pose objectives as requirements, not requests.
If you don’t, weak employees may say “I didn’t
know I had to do that.” Request: “I would like you to
follow these guidelines when you fill customer orders.” Requirement:
“Follow these guidelines when you fill customer orders.
How to Build Customer Loyalty
It’s bad business to focus on getting new customers at the
expense of old ones. Reason:
It can cost you 10 times as much to get a new customer as it does
to keep the one you’ve got. Retention strategies:
• Use your accounting system to track revenue and profit
by customer.
• Show employees you’re serious about keeping customers
by making retention goals
part of your incentive program.
• Create a more flexible workforce with cross-functional teams
and cross-training.
Doing so will improve communication across the organization and
from top to bottom
so employees can meet customer needs more quickly.
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