Management Matters Archives - Anthill Online
Saturday, July 29, 2017

Management Matters

Management Matters
News, opinions and advice on managing business systems and people.

Whether they are big or small organisations, owners are oblivious to their responsibilities of implementing preventative measures and countering potential damage to their assets and employees.

Smaller businesses, conversely, have speed on their side. Unlike their big counterparts, their lack of complexity allows for decisions to be made quickly and seamlessly.

Founding a new business is akin to starting a family – it’s great thinking about it, almost anyone half-capable can do it and it’s quite exciting too – especially at the start.

Many bosses look to shift responsibility, while others may be classified as bullies. Often, they are completely unaware of how their actions and words affect those around them, including team members and clients.

Gender-diverse companies are 15% more likely to perform better financially but those that are ethnically diverse are 35% more likely to perform better financially.

Meagan Redelman co-founder of Redsbaby hares her experience of going from prams to nursery furniture

In Aurecon’s latest Just Imagine blog post, John Callaghan, Global Director, Major Projects argues that although the business world today is increasingly complex, in the face of complexity, our solutions need to stay simple.

As technology advances and screen time becomes more popular than interpersonal face time, businesses using older cash management techniques are scrambling to meet demands and handle cash flow issues.

...all Modern Award rates will increase by 3.3 per cent (with weekly wages rounded to the nearest $0.10) and the National Minimum Wage will increase by 3.3 per cent to $18.29 per hour (and $694.00 per week for a full-time employee), an increase of $0.59 per hour.

New research has revealed that 78% of Australia’s small business owners (SBOs) don’t fully understand the $20K tax break, with 67% of them not making the most of the opportunity in the lead up to June 30.

H&R Blocks’ Director of Communications, Mark Chapman in partnership with Officeworks has provided small businesses with tips to help prepare for the end of financial year.

The prospect of owning your own business is an appealing one, especially in the current environment, where discussion of entrepreneurship is frequent.

Scott Morrison delivered his second budget in May and there is barely a ripple in the water. No huge sweeping reforms, no budget emergencies, it was almost a non-event.

Like many businesses, when we started out, social responsibility wasn’t on our radar. Our focus was just chasing the sale and hoping that something stuck!

Organisational culture is an intangible entity. As such, it is important to identify observable behaviours that indicate your organisation’s culture, as well as its alignment to your customer strategy and objectives.

Business owners need to be ready for wage rate increases and Award changes, as well as penalty rate changes coming into effect on 1 July 2017.

Productivity is now looked at as overall human capital productivity. It has become the assessment of human and business efficiency – and, in particular, the focus is on workforce productivity.

StartupAUS, Australia's peak advocacy group for startups, acknowledged support for fintech in the 2017-18 Federal Budget, but noted there was a lack of focus on innovation or entrepreneurship.

With 22.3% of students at Australian universities being international students, it’s important that they aren’t disregarded for employment, especially if they are receiving the same education as local students.

The good news is that the ability to lead through uncertainty is a learnable skill. In fact, it is perhaps the most important skill for leaders today to master. And the place to start is to become expert in managing ourselves.

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