Top Ten Management on The Process of Developing and Strengthening Competencies and Capabilities: An Overview of What a Company Should Do to Come Out on Top | Bizcovering

This overview of the Process of Developing and Strengthening Competencies and Capabilities was prepared by Daniel Berthelot while a Business Administration major in the College of Business at Southeastern Louisiana University.

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Top Ten Management on The Process of Developing and Strengthening Competencies and Capabilities: An Overview of What a Company Should Do to Come Out on Top | Bizcovering

David
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SafeSourcing Weighs in on the Question of "Are Reverse Auctions Strategic?"

Well, our friends at SafeSourcing (http://www.safesourcing.com/) have taken out the grammatical driver to advocate more - and more strategic - use of reverse auctions, both from the short and long-term perspectives. In today's article, they have made the case why reverse auctions are certainly a strategic tool that should be looked at by all organizations today. It is republished below:

Are Reverse Auctions Strategic? YES THEY ARE!!!!!!!

November 4th, 2010

This argument continues unabated so this author is jumping back in and looking at it from my teaching background albeit that was a long time ago if you remember the 3 – R’s.

What is strategic is entirely up to the person using the tool, whether or not they have used it before and if it returns the results they require as part of their strategic plan. So can a reverse auction be strategic. Of course it can. The overlying strategy might in fact be to simply get costs under control as quickly as possible. I shudder to think that this would be a company’s entire strategy, but in these times of economic survival it may well be. I can envision the following. The economy is kicking a companies ass and the CEO calls a staff meeting and says we have a new strategy and for the time being everything else will take a back seat in order to get our costs down. Come back in a week and tell you how you are going to do this immediately.

Now for the English lesson.

The word strategy is a noun that has several definitions. According to Wiktionary, 2 of those are.

1. A plan of action intended to accomplish a specific goal
2. The art of using similar techniques in politics or business

The word strategic is an adjective which we know is a word that modifies a noun and can also me modified by an adverb. So think of strategic as meaning of and pertaining to strategy and can be used comparatively as in something that is more strategic or less strategic.

So can a reverse auction or auctions be strategic. Of course they can and one example would be if your strategy was to simply reduce costs immediately. They can also be more strategic as part of a going forward strategy as well as provide other strategic benefits such as cleaning up your specifications and reporting as well as providing new sources of supply.

We look forward to and appreciate your comments.

Source: Are Reverse Auctions Strategic? YES THEY ARE!!!!!!!

I very much appreciate their position - and in this case, I think the seven exclamation points are very appropriate, as this is an important message to get out there. Theirs is a very good site to follow as well - bookmark and/or subscribe to their SafeSourcing Blog at http://blog.safesourcing.com/.

David

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America's Happiest Companies: Did Yours Make the List?

Forbes has comes out with its annual list of America's Happiest Companies. You can read it by clicking on the link below:

 America's Happiest Companies




You can view a great slide show - with details on the goodies offered by the top ten firms at the Forbes link below:




In Pictures: 10 Of America's Happiest Companies






Post your comments here on the blog. Look forward to the discussion.

Professor David Wyld

Southeastern Louisiana University                     +++++++++++++++++++++++++++++++++++++++++

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ABC News TechBytes: Managing Your Online Reputation

Image via CrunchBase

What do people find when they Google you? That's a big issue today when it comes to potential employers. Watch this news story from ABC News TechBytes:

Post your comments here on the blog. Look forward to the discussion.
Professor David Wyld
Southeastern Louisiana University

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CBS Sunday Morning: Slate's Tim Noah on the Great Divergence

U.S. incomes have been growing more unequal for three decades and economist Paul Krugman has labeled this 31-year trend the Great Divergence. Tim Noah of Slate magazine asks why politicians aren't talking much about this Great Divergence? Watch:




Post your comments here on the blog. Look forward to the discussion.

Professor David Wyld
Southeastern Louisiana University