Management waste

Monday, 28 January 2013 00:00 - - {{hitsCtrl.values.hits}}

At a recent forum, I was asked about corruption in business, which got me thinking. Rather than looking at a narrow definition of corruption, the real ‘thief’ in business is the ‘waste’ that takes place in management jobs. This could be in the form of ‘fat’ organisational structures, inefficient processes, and highly activity driven managers. The best way to eliminate this is to ask all managers (starting with the CEO) to list how each task he/she performs (on a daily basis) adds value to the customer and/or shareholder. It could be a very revealing exercise!

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.