There are endless seminars, college courses, even degree programs that focus on management. They teach all about planning, organizing, and controlling, but they do not teach everything. Here are 11 essential truths about management that you will not learn in business school.
1. Authority Must Follow Responsibility
2. Budgets Are Dynamic, Not Carved In Stone
3. People Can Solve Their Own Problems
4. What Gets Rewarded Gets Done
5. Short Term Incentives Motivate Better Than Long Term
6. Measure and Reward What Matters, Not What Doesn’t
7. Let High Performers, Perform
8. Bureaucracy Impedes Performance
9. Staff Supports Operations, Not the Reverse
10. Decisions Should Be Pushed Down
11. Cash is the Ultimate Metric
CLICK THROUGH THE GALLERY TO READ MATT'S DESCRIPTION OF EACH BUSINESS TRUTH
For more ideas on how to run contracting business more profitably, visit www.ServiceRoundtable.com. To learn more about the Service World Expo, the industry’s top residential conference and show, visit www.ServiceWorldExpo.com.
###
For more ideas on how to run contracting business more profitably, visit www.ServiceRoundtable.com. To learn more about the Service World Expo, the industry’s top residential conference and show, visit www.ServiceWorldExpo.com.