Saturday, March 28, 2009

Splitting the Roles of CEO and Chairman

Traditionally, in American businesses, the same person occupies the role of chairman of the board and chief executive officer, though this is gradually shifting to the European model. In most European, British, and Canadian businesses, the roles are usually split, in an effort to ensure better governance of the company, and in turn bring higher returns to investors.
Combining the roles does have its advantages, such giving the CEO multiple perspectives on the company as a result of their multiple roles, and empowering them to act with determination. However, this allows for little transparency into the CEO’s acts, and as such their actions can go unmonitored, it paves the way for scandal and corruption.
According to Ira Millstein, an expert in corporate governance, an effectively independent board is a shareholder’s best protection. Separating the roles allows the chair to check up on the CEO, and in turn the company’s overall performance, on behalf of the stockholders.
Separating the roles also allows the CEO and chairman to focus on different, equally vital aspects of the company’s performance.
“We think it is an appropriate segregation of duties. As a business grows, the CEO can focus on the business and the chairman can help with the ever-growing regulatory requirements,” noted Lino P. Matteo, CEO for the Montreal-based management accounting firm Mount Real.
Ultimately, when the chair does not also occupy the role of CEO, they are able to govern the board in a more impartial manner, meaning that investor returns could potentially be higher.
However, a new survey by three consultants for the international management consulting firm Booz Allen Hamilton found that the companies that divided the roles actually had smaller shareholder returns, leading some to rethink the CEO-chairman split.
A survey by Christian & Timbers showed that 97% of European executives believe that the roles should be split. However, stockholder returns were nearly 5% lower in European companies that implemented the split, when compared with companies that had the same CEO and chairman.
In America, where only about 20% of the major public companies split the roles despite that 86% of executives polled by Christian & Timbers believed that the roles should be split, returns were 4% lower in companies with a separate chairman and CEO.
One of the reasons they gave for the higher returns in the companies with the same CEO and chairman was the once the board commits to arranging itself that way, they focus less on constant watchdog evaluation of that individual than making him or her successful.
They also pointed out that CEO-chairman might be able to withstand pressure better, especially when short-term changes don’t pay off, than non-CEO chairman.
Thirdly, they attribute the surprising results to lack of authority on the CEO’s behalf. “Clearly, a CEO who is not a chairman is the board’s hired hand; a chief who is also chairman has far more influence over other directors,” they noted.
According to an article in the business journal McKinsey Quarterly, Americans tends to view the role of chairman with less respect than that of CEO, especially in companies where the roles are split.
Therefore, they should consider remarketing the job of chairman as a more respected career path, as it is in British companies, where 95% of companies have separate people occupying the roles of CEO and chairman. The remarketing could then function as a way of restoring trust and confidence in the increasingly corrupted corporate American landscape.
Regardless of whether the CEO is the chairman of the board or not, there is no way the company can be successful unless the directors dedicate themselves to helping the CEO and other upper-management sustain a superior level of performance.

Monday, January 12, 2009

HOW TO MAKE IT BIG IN CONSULITING JOBS

chosen information technology as your field and you can not know everything about information technology. When the jobs start coming in be an expert in the field you know and contract the business that you are not an expert to your panthers and for you to succeed well you need many contractors to give jobs to when the jobs start coming. This is good for business because you will always meet up with client demand.
Before you start to look for panthers or contractor you need to have your business running and the jobs have started coming. Get one or two panther every month and as the business grow faster and more jobs are coming search for more panthers.
One other big benefit you get from this business is that these panthers also help you sell your business, they help tell others about you and your consulting business which means more jobs for you and they too also outsource jobs to you too, jobs they know they have weakness.
Also teach your fellow consultant who do not know about this method of making more money from consulting and make more money for yourself by becoming a consultant to your fellow consultant and as you are doing all these you are also selling yourself and the consulting business. List of consulting business you can do even as a beginner. www.charlesconsult.blogspot.com download free
Do not let your not been an expert in all the field in information technology stop you from earning money from consulting there are thousands of jobs waiting for you there in the internet and off the internet for you. Applied this method I have taught you and you will see that there is much money to be made from the internet if you are a consultant and to learn to become a consultant I am here for you and there is free download at www.charlesconsult.blogspot.com

Wednesday, November 26, 2008

HOW TO MAKE IT BIG IN CONSULITING

Have you ever noticed that some businesses take off almost instantaneously, while others struggle for months or even years to get off the ground? Some of this success or failure can be attributed to external factors such as market conditions. However, all other factors being equal, a truly great entrepreneur can build a business much faster than one who is merely average. Here are some key points to being a successful entrepreneur.
Idea - Becoming a great entrepreneur begins with discovering a great idea. Look around to find a need that is not being filled, and then develop a way to fill that need. The basic idea is at the heart of your business, so make sure that yours is the best it can be.
Attitude/Personality - Your attitude can make or break your company. Successful entrepreneurs possess an energetic and upbeat "can do" attitude. Believe in yourself and your business venture and adopt the attitude that nothing is impossible, and you will be well on your way to success.
Business Plan - A formal business plan is often required to obtain funding. Even if you are self-funded, however, it is important to write this document. The business plan will act as a guide map, detailing your current operating procedures and plans for future growth. It should be a living document, changing as needed while giving your company structure.
Drive/Focus - A great entrepreneur has the drive to make things happen and the ability to keep his or her company focused and goal-oriented. It is important to learn how to motivate others as well.
Ability - Your company must be able to do what it sets out to do. You must be at least as good at doing it as your competitors are. Therefore, it is important to assess your own skills and abilities and hire staff to perform those job functions that are outside your skill set.
Flexibility - There is no place for rigidity in a growing business. You must be adaptable and willing to make on-the-spot decisions and last minute changes. Use your business plan as a guideline, but never be afraid to alter it as needed.
Communication - A great entrepreneur is a great communicator. You are the public face of your company as well as the final decision maker in staff disputes. Therefore, you must be equally comfortable motivating staff and presenting your business to the media. Develop a communication style that works for you, but know how to alter it for changing audiences.
Some people are simply born leaders, while others find taking the reins of a growing business to be more challenging. However, focusing on the dimensions detailed above will help even the most unsure new business owner to become a dynamic leader, capable of steering his or her company through any situation.
Be Business Smart has been created to assist anyone who is setting up a new company and to offer valuable support and advice to individuals who wish to expand their current business.
Did you realise that approximately 80% of new businesses fail each year? You certainly don't want to become one of those statistics. Fortunately, Be Business Smart can provide you with the help and support you need to ensure your business becomes a success!

SELLING YOURSELF AS A CONSULTINANT

In literature on changing careers or starting a business, one theme you'll often hear is that the key product you're selling is yourself, and that you need to fully believe in yourself if you want others to be interested in what you have to offer. If you're not confident in your ability to run a business or market your services, the usual advice goes, stick with your current 9-to-5 job for now. Take more courses, read more books, get more on-the-job training, and generally get more experience to build up the confidence to strike out on your own.
On the surface, this seems like sound advice. However, it overlooks a problem I've often seen people confront when they're starting, or hoping to start, a business or make a career change. Some people can earn prestigious degrees in subjects related to their business, and spend years getting experience relevant to their field, but still feel like they can't promote their products or services to others. They have the nagging sense that, if they "put themselves out there," they'd be arrogant, they'd bother people, they wouldn't do it well enough, people would attack or ridicule them, and so on. For people with a deep-seated fear of promoting themselves, gathering more skills and experience isn't necessarily going to help.
For instance, I know a number of professionals in "high-powered fields" like law, banking and medicine who, despite how successful society and their colleagues consider them, are still deathly afraid of marketing themselves. They can do the day-to-day work of their professions superbly well, but the idea of going out and finding clients and customers just doesn't sit well with them. In fact, some people have admitted to me that one reason they entered their professions was to have a secure, lucrative job without the anxiety of having to sell their services.
If you experience this type of fear around "selling yourself," an important first step in removing that stumbling block is to carefully observe the thoughts and sensations that come up when the anxiety gets in your way. When you fully understand how this anxiety feels and how it limits you, you experience a separation from the anxiety, and a sense of choice in how you respond to the world. You become able to spot the feeling when it's coming up, and decide to act in spite of it. As psychologist Phil Nuernberger says in Strong And Fearless: The Quest For Personal Power, "as we become more skilled in our ability to be an observer, we become more aware of the patterns and movements of the mind and we have a greater opportunity to choose the patterns and behaviors we want."
I'll recommend an exercise you can do to develop this sort of awareness. Start by finding a comfortable place where you can sit alone and undistracted. Allow any thoughts and feelings that come up to simply occur, without judging them, pushing them away, or turning to some activity to take your mind off them.
Now, ask yourself: what thoughts arise when you consider doing something to market yourself or your products? For instance, does asking someone to pay you for your goods or services feel sleazy or deceptive? Would it feel like you were boasting about, or drawing too much attention to, yourself? Does self-promotion feel like a mundane activity that it's beneath someone of your qualifications to do? Do you need to accomplish or learn more to "deserve" to promote yourself?
Next, notice the sensations that come up when you think about "selling yourself." You probably know already that you experience fear or anxiety, but what sensations tell you that you're having those emotions? For example, is there tension or pain in some part of your body? Where is it? Does your breathing become constricted? Do you feel warmer or colder anywhere? Does your mouth become dry? Do you start to sweat?
Once you've fully experienced the thoughts and feelings that come up for you around self-promotion, allow those thoughts and feelings to gently pass away. Let them subside into the space, the emptiness, from which they came. Just as each breath of air into your lungs is followed by an exhale, so too do fear and other emotions enter and flow out of you. Observe that, even though the sensations of the anxiety are gone, you are still there. Allowing yourself to experience the anxiety didn't destroy or change what you are. You are still a whole and complete being.
This exercise helps you experience firsthand that sense of separation from your fears I talked about earlier. Often, we make all kinds of efforts to avoid experiencing fear, as if just feeling it could actually hurt or destroy us. We hold ourselves back from taking risks, lose ourselves in unfulfilling "busywork," or numb ourselves with drugs and alcohol to avoid feeling our fear. As with the professionals I described who chose their careers to avoid the need for self-promotion, many of us design our lives around making sure we don't have to experience certain emotions.
However, when we allow our fear to run its course inside us, and notice we remain unharmed after it's gone, we feel empowered to act in spite of it when it comes up. As psychologist Barbara Miller Fishman writes in Emotional Healing Through Mindfulness Meditation, "[t]he meditative tool for probing experience allows us to watch how thoughts arise and then fade, how powerful emotions such as anger and fear emerge and then subside. In this way we learn about the impermanence of experience."
If you aren't feeling fully confident in your ability to market your products and services, don't be too quick to assume you need more education and skills to overcome your anxiety. Acquiring more knowledge has its place, but transcending your fear isn't usually something you can do on a purely intellectual level. You may feel blocked because, until now, you've been unwilling to have the full, intense, visceral experience of being afraid. Take a few moments to simply allow your fear to arise and pass away, and notice how much peace and focus this exercise can give you.

Consultants Help Fine Tune Your Business Performance

A consultant is a professional who provides expert advice in a particular area of expertise such as IT, management, marketing, or finance etc. Consultants identify companies' marketing or business needs, and they help companies improve their performance and profitability by analyzing existing business problems and developing future strategies. They help determine the most effective marketing and business solutions to your business, as well as the best ways to execute these solutions for the betterment of your business. Consultants generally use formal methodologies to analyze problems or to suggest better ways of completing business tasks. Consultants help execute your business plan and strategies, allowing you to focus on other important business issues and business meetings.
Management and business consulting grew rapidly in the 1980s and 1990s with industry growth rates of 20%. Consulting is highly cyclical and is sensitive to general economic conditions. The consulting industry declined between 2001 to 2003, but has been experiencing some growth since.
Nowadays there are three major types of consulting firms. One type is the larger consulting firm that offers a wide variety of consulting services, ranging from IT consulting to management consulting. Another type is the established management and strategic consulting firms that focus mainly on management consulting that covers any specific industry. Yet another type is the smaller boutique consulting firms with consulting focus and expertise on specific industries or technologies.
The more established consulting firms today include Arthur D. Little, a general management consulting firm; Booz Allen Hamilton was the first consulting firm to serve clients in both the government and the industry; McKinsey & Company, was one of the first pure management consulting firm and currently leads the field. It was also one of the first consulting firms to hire graduates of top MBA schools rather than hiring experienced industry personnel. Boston Consulting Group brought an analytical approach to the study of strategy and management. Bain & Company introduced its focus on shareholder wealth. Traditional accounting companies such as Arthur Andersen and global IT services firms such as IBM also set up consulting departments.
Businesses or companies can engage a business or management consulting firm or an individual business consultant who will draw up suitable business plans and strategies and implement them. Consultants are generally well paid with some business consultants charging $150 per hour, and sometimes even as high as $2,000 per day for their services.

SOFTWARE CONSULITING

OWN YOUR SOFTWARE CONSULITING COMPANY
Your company may require, or benefit from, IT services and consulting in any number of areas. That goes for small businesses all the way to very large ones. This does not mean that internal IT resources are unable to handle a given software situation. It simply means that internal IT may be too busy with other tasks, or the needs are in an area where internal IT does not have expertise, or where acquiring such expertise would be more expensive than getting outside help.
The overall goal of any business is to increase Return on Investment (ROI) while at the same time lowering Total Cost of Ownership (TCO). As time goes on and new technologies become available, the software solutions and web development tools required to remain competitive change. E-commerce, especially, is becoming ever more important as clients demand state-of-the-art information, service, and order fulfillment. This can result in situations where the time and investment required to stay on top of software systems and applications may compete for company resources needed elsewhere - clearly not a desirable situation. The answer is outsourcing such systems to external service providers that can quickly and efficiently create solutions tailored to the business environment.
What are some of those areas? A business just starting out may benefit from assistance in setting up their systems. That may involve an overall needs assessment and then a set of recommendations on hardware, software, applications and procedures. This can save a lot of time as it eliminates an internal learning curve, experimentation and investment on inappropriate technologies. Help with selecting the proper software solution for accounting, inventory, billing, manufacturing and other strategic areas can also be a huge time and money saver as the costs involved in picking the wrong solution can be staggering.
One area where help is often needed is in setting up the proper e-commerce systems. There are numerous e-commerce system and service vendors and picking the right one for your business can be a daunting task, let alone setting it all up for optimal performance. Consider that some of the world's most high-profile companies can attribute their success to superior e-commerce management (such as Dell, Apple, or Amazon) and you can see that it's a vital area of business where systems, design, marketing and back-office support all must combine for maximum performance.
Audit, governance and risk consulting are also areas where almost every business has needs, and they often go unaddressed until it is too late. An experienced outside consultant may quickly provide control frameworks, PMO solutions, and the tools for regulatory compliance. If your business considers offshore application outsourcing to reduce IT costs, you may want to reduce the inherent risk in off-shoring projects by using an experienced consultant to determine the proper mix of offshore services and on-shore management. Last but not least, training is essential if your investment in software, applications and systems technology is to pay off. There is often internal resistance that can be overcome with proper training.
Bottom line is that software and system tools are there to help and advance your business. If they are frustrating cost centers instead, experienced systems consultants can help, and that goes from the smallest business to the largest one.

i DO THIS AND IT IS PROFITABLE

THIS IS GOOD
Internet marketing is highly techno-functional; unless one is familiar with the changing technological trends, it is difficult to remain competitive in the Internet market.
Internet marketing consulting services includes SEO services, web designing, web site promotion consultation and site reviews, site optimization, and web analytics. Consulting can be by different means: in-house IM consulting, over-the-phone consulting, training, one-on-one or entire group consulting, hourly basis consulting, and monthly consulting.
Training can be on email, newsletters, and promotional content formatting, message previewing, outgoing message editing, display formatting, personalized messaging, link structures to search engines, placing advertisement in fee-based directories, keyword selections, page and search engine optimization, and web analytic services.
Web analytics deal with the evaluation of website architecture, customer interface, transaction methods, and reporting requirements. On analyzing these parameters, consulting is offered through a proposal that outlines structural changes to be brought out in the site, and measures to improve data management. Training on web analytics offers skill development programs for online marketing strategy formulations, site analysis using tangible factors, search engines and campaign analysis.
Internet marketing consulting services help define online business and product offerings, provide expert advice to promote products, increase the number of viewers visiting a web site, and increase brand awareness.
Online business demands continuous updates of technology and market environments. With a limited budget and operational resources, small business entrepreneurs are often constrained to invest their income on promotional or marketing measures. However, by approaching the right Internet marketing consulting experts, one can get their website to pull its share of the load and add new business.