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misnomer Tagged Articles
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The Small Business Grant Misnomer
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| Business owners seeking grants for their businesses must understand the process. Grants, just like other methods of financing, have their unique qualities. Knowing how and when to access grant funding is important in not wasting time and money, then not winning the grant. |
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How Middle Managers are Key to Company Success
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| In hierarchal organizations, strategic intent flows from the top, while tactical implementation is carried out at the bottom. In the middle of the flow are middle managers: first- second- and third tier supervisors, managers and senior managers who are mandated to proactively deliver the planned strategy's goals.
The challenge is that the bulk of their energy is spent tactically (and often) reactively responding to pressures from customers, subordinates, peers and their boss.
In fact, how the middle manager responds on a moment-by-moment basis is more impactful to a strategy's success (and an organization's cohesion) than the communication of the plan in the first place. |
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From Chaos To Control
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| Have you been using time management techniques but still you feel overwhelmed, unfocused, and not getting it all done? Here’s why time management techniques may not have worked for you: |
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You Are Barking up the Wrong Tree With Time Management Techniques
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| Here’s Why time management techniques haven’t worked for you:
Time management techniques are essential tools – they tell you how to make your schedule, what activities to do to organize your time, etc -- The problem is that they are only as good as the person using them. (that would be you!) |
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Scheduling and Planning - Keeping on Track - Part 2
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| Keeping your day on track can often times be a challenge in today's schedule hectic environment. We have provided 8 tips for you to use to make your day go smoother. |
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Boy What Were You Thinking
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| When I was a kid there were five words I heard more than all others combined. Usually coming from my father, they were, "Boy, what were you thinking?" |
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Ten Tips for Winning in a Bad Economy
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| Unless you have been hiding in a cave somewhere, you have heard that the U.S. economy is doing poorly. Housing starts are down, the value of the dollar is down, car sales are down, real estate is down, retail is down, gas prices are up, food prices are up, bankruptcies are up and the sky is falling. What is a person to do?
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Is There a Difference Between Purchasing and Procurement? (A PI Q&A)
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| Network Member Question
As far as I know, sometimes the terms “purchasing” and “procurement” can be used as the same meaning. But in many cases it seems that both have different boundaries or meanings. So what is really the meaning behind the terms?
Kurt Binh
Owner, SCM Vietnam – Supply Chain and Logistics Consulting
Viet Nam
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Is Ford's auto-xchange the "Real Deal?" (Survey Response 2)
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| In a recent video that was released by The Ford Motor Company, Ford's Vice President and Chief Information Officer, Jim Yost indicated that the company has to "share information in real-time" and therefore can no longer use "the sequential processes” in which there were many “handoffs" and "transfers of information."
Yost also emphasized the fact that Ford needs to "integrate much more closely with their customers, supply base and even internally," as well as stressing the importance of making information available to multiple levels of their supply base "simultaneously," thereby eschewing the current "cascade processes that might take days, weeks and even months" to disseminate.
To enable you to respond to this question, you can access both the video as well as the corresponding article by contacting the author. |
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Financial Supply Chains: Member Question & Survey
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| Network Member Question:
What does the term "financial supply-chain" mean to you?
Enrico Camerinelli, Finance Director Europe's consultant editor for supply-chain has developed a short online survey on this subject - should take a couple on mins for you to complete - would be grateful if you could take time out to complete - the web link to the survey is as follows:
(Note: to access the survey, please contact the author)
Look forward to hearing your views
Question Submitted By:
Steve 'Dunkerley'
Project Director - Finance Director Europe (FDE)
United Kingdom
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What kinds of information and technology is used in Supply Chain communication?
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| Network Member Question:
What kinds of information is being sent across companies in a Supply Chain? And what technology is helping you with that? I have been reading more about SCM lately, and I was wondering what kinds of information is being sent across companies? Is it all numbers and values ? Or unstructured data as well ?
And how is technology helping you to do this ? Do you share a specific platform across these companies? Or does every company has its own, and is this connected to one another ? Which software enables you to do so ?
Question Submitted By:
Marijn Somers
Functional Analyst/Project Leader
Belgium |
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Has anyone applied complexity theory to business in a practical way?
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| Member Question:
Has anyone applied complexity theory to business in a practical way?
David, Instructional Designer, Performance Technologist and Project Manager |
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How does the complexity theory apply to business? (A Brief Dialogue)
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| Member Question:
Has anyone applied complexity theory to business in a practical way?
Asheville, U.S.
My Response:
The chaos theory and butterfly effect are interesting concepts in terms of the “complexity” of business.
Over a number of years and through funding from the Government of Canada’s Scientific Research and Experimental Development (SR&ED) Program I developed a theory called strand commonality.
In the area of supply chain practice for example (although the term “chain” is a misnomer in that it implies a sequential architecture instead of the synchronized architecture that represents the dynamic characteristics of different stakeholders within the real-world), one seeks to understand the unique operating attributes of individual stakeholders using an agent-based model.
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What is the Value in your Supply Chain A PI Q and A
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| Member Question:
What is the difference between Supply Chain and Value Chain?
My Response:
To begin, the reference to supply or “value” chain is a misnomer in that it implies a sequential architecture. This is a term that is on its way out as an organization’s supply “practice” is actually centered on the synchronization of diverse stakeholders sometimes spanning multiple supply networks. This is an important distinction given the impact that real-world synchronization has on theories such as value chains.
That said the concept of the value chain was first introduced by Michael Porter in 1985 in his book, Competitive Advantage: Creating and Sustaining Superior Performance.
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Yes Virginia! There is more to e-procurement than software! (Part 1)
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| My recent post on the series of interviews I had with Ariba garnered considerable interest and feedback. By far the most interesting (and insightful) comments came from the Commonwealth of Virginia. What was compelling about the Virginia response was their willingness to provide a perspective from what they referred to as the “other side of the fence.” What was refreshing is that the subsequent interview revealed an extremely capable group of people whose passion for procurement was only rivaled by their commitment to a vision. A vision that was centered on gaining a thorough understanding of the processes that defined the Commonwealth’s procurement practice as well as the unique requirements of a diverse group of internal and external stakeholders.
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Al Gores’ Approach to Work-Life Balance
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| In Al Gore’s documentary on global warming (An Inconvenient Truth), he makes reference to a picture used by the Bush administration to illustrate the conflict between money and environment. In the picture, there is a scale: on one side of the scale, there is a pile of gold bars, on the other the earth. As Al Gore somewhat wryly pointed out…gold is not much use to you if you have no earth.
I must say the same thought strikes me when I read about “work-life balance.” |
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Other misnomer Related Articles
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What is the Value in your Supply Chain A PI Q and A
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| Member Question:
What is the difference between Supply Chain and Value Chain?
My Response:
To begin, the reference to supply or “value” chain is a misnomer in that it implies a sequential architecture. This is a term that is on its way out as an organization’s supply “practice” is actually centered on the synchronization of diverse stakeholders sometimes spanning multiple supply networks. This is an important distinction given the impact that real-world synchronization has on theories such as value chains.
That said the concept of the value chain was first introduced by Michael Porter in 1985 in his book, Competitive Advantage: Creating and Sustaining Superior Performance.
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How does the complexity theory apply to business? (A Brief Dialogue)
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| Member Question:
Has anyone applied complexity theory to business in a practical way?
Asheville, U.S.
My Response:
The chaos theory and butterfly effect are interesting concepts in terms of the “complexity” of business.
Over a number of years and through funding from the Government of Canada’s Scientific Research and Experimental Development (SR&ED) Program I developed a theory called strand commonality.
In the area of supply chain practice for example (although the term “chain” is a misnomer in that it implies a sequential architecture instead of the synchronized architecture that represents the dynamic characteristics of different stakeholders within the real-world), one seeks to understand the unique operating attributes of individual stakeholders using an agent-based model.
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General Contractors Liability Insurance, Certificates of Insurance, the Misnomers
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| General Contractors Liability Insurance, Additional Insureds, Certificates of Insurance, the Misnomers.
Regarding General Contractors Liability Insurance and General Liability Insurance Certificates, there is a grand misnomer running rampant through the construction industry in NY, NJ and MA.
I only speak about these states because I am familiar with their laws as they apply to the insurance, construction industry and the labor law. Please check your federal (OSHA), state, city and local government for laws as they apply to the construction industry and the labor law. |
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Anyone Who Sells Needs Mike Dillard's Training
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| A common misnomer about Mike Dillard's training is that he/it only works for the network marketing or M.L.M industries. The truth is that anyone who sells a product or service WILL benefit from Mike Dillard. Yes, the training he offers specifically targets home business owners; but that's because there are over 75,000,000 of them worldwide. That's a pretty nice target market! |
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How Your Story and the Stories Your Clients Tell Will Help Your Business
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| It's not enough to have a strong brand anymore. Your brand is still vital and important element of relationship building but it must be supported with your voice to the right people in the right way. You must be more transparent than ever, and let people know who you really are before they choose to do business with you. This concept is hard for some to grasp especially for those transitioning from corporate or "day job" scenarios to the entrepreneurial lifestyle. There's a misnomer that you cannot mix your business and your personal life and nothing could be farther from the truth when you're an entrepreneur. Because when you're an entrepreneur it's all personal.
Simply put, you must tell your story, so people relate to you before they buy. |
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