In this article, we’re going to look at the Leader-Member Exchange Theory (or LMX for short). We will assess how it helps us understand interactions and relationships within a business and how they can impact performance. Background to Leader Member Exchange Theory The Leader-Member Exchange Theory looks to examine the relationships between leaders/managers and their […]
Author: Richard S
Gibbs Reflective Cycle
In this post, we will be taking a detailed look at the Gibbs Reflective Cycle. The tool’s main purpose is to provide a structured/framework from which to learn from experiences that you may have and drive change. As you learn from and reflect on events and experiences, you are able to drive different behaviors to […]
The Blake Mouton Managerial Grid
One aspect of all businesses is that there are usually layers of management within them. But what are the value of these leaders and what are the signs that they will do a good (if not exceptional) job? How can you calculate or model their effectiveness? And how do you know yourself if you’re an […]
Cost Leadership Strategy
As I wandered around my local supermarket earlier today, I saw many other shoppers perusing the shelves of competing products. Several thoughts struck me, why had I picked this supermarket and what makes us choose which products we buy? As buyers how much of our choice is driven by low cost? Don’t we all shop […]
Cause and Effect Chart – definition & examples
In this article, we will be looking at the Cause and Effect chart. We’ll also provide a review of the associated process, how it can help in business and how to create a cause and effect chart. Finally, we’ll look at some examples and how it’s used as well as some issues to look out […]
Decision matrix template – (with template examples in excel)
In this article, we’re going to cover the importance of decision making, why you need a structured process and how to create a decision matrix template. Most of us are faced with decision making during our daily lives, from the relatively simple ones like “What shall I have for breakfast” through to more complex decision […]
Time Management Chart (With examples & PDF Download)
Let’s face it, with all the pressures we face whether that’s in our work or home life, managing our time can be hard. The very task of prioritising, organizing, planning your time around your goals and activities can seem a mountain to climb. However, if we don’t have a system then two things can happen […]
Borda Count method – Decision-making tool
Decision making can be complex. Especially in a team environment when everyone could be pulling in different directions. All too often teams can be led by the person with the loudest voice/strongest personality who believes they’re right all the time and the rest of the team, wanting an easy life, are often reluctant to raise objections. […]
How to write a great goal Statement + 20 Examples
In business, we all work towards goals. Achieving goals is usually what our work life is centered around. However, if these goals are not clearly defined, attainable or managed through to delivery then they are not worth the paper they’re written on, there owners often becoming disillusioned. Why you need great goal statements In […]
How to create a root cause analysis template
As you know if you’re a regular reader of this site we love problem-solving. We’ve written about it quite a bit, we’ve covered problem-solving tools and templates like our FMEA template, 5 why template. For us, Problem-solving is a key business enabler. Successful businesses have systems and processes that help catch, contain and resolve issues that […]