The Personal Financier – A Personal Finance Blog Personal Finance Blog

Teams have the potential of exponentially empowering an organization as every member completes the other and in turn creates synergy. Creating and managing effective teams is a challenge worth taking on as the benefits of synergy are a great reward. This article will offer tools and thoughts on how to create and manage effective teams [...]

Many potentially good initiatives fail due to a lack of strategy and misunderstanding. How should change be managed? While the purpose of the initiative is often clear the way to implement it is shrouded in mist. Many organizational change initiatives often fail at implementation. While the benefits of the process are usually very clear and [...]

Decisions drive an organization. The theory on decision making is vast but can be summarized quite effectively by using Vroom and Yetton’s normative model for decision making. The model characterizes several types of decision making, each suitable for varying situations. These types are: A1: Leader takes known information and then ...

Very few companies give proper attention to morale among workers in their organization. This is of course a mistake. High morale in the organization may not directly affect productivity but it has been shown high morale among workers improves work satisfaction greatly and thus increases the profitability of the organization. Morale can be ...