the 7 classic management mistakes
TRANSCRIPT
![Page 1: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/1.jpg)
Title: The 7 Classic Management Mistakes
![Page 2: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/2.jpg)
develop a sense of leading indicators
manage cash flow
communicate the core mission
act quickly
have a viable plan B
play offense instead of defense
pay attention to competitor changes
Failure to:
![Page 3: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/3.jpg)
1.
Failure to:Develop A Sense of Leading Indicators
![Page 4: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/4.jpg)
The most effective way to see what lies ahead is by looking at key indicators such as trends in suppliers, customers, competitors and elsewhere for insight.
![Page 5: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/5.jpg)
2.Failure to:
Manage cash flow
![Page 6: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/6.jpg)
Cash Is King! Without a readily accessible cash flow tool, your business will falter.
![Page 7: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/7.jpg)
3.
Failure to:Communicate
The Core Mission
![Page 8: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/8.jpg)
Tomorrow
Sr. management needs to be able
to
clearly state how the hard actions taken
today
helps all of the stakeholders
![Page 9: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/9.jpg)
4.Failure to:Act Quickly
![Page 10: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/10.jpg)
Paralysis by analysis. Management must focus on fixing the problem rather than analyzing it endlessly.
![Page 11: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/11.jpg)
5.
Failure to:Have A Viable
Plan B
![Page 12: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/12.jpg)
A contingency plan is your business’ safety rope, just in case things start to get shaky. A Plan B is a must.
![Page 13: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/13.jpg)
6.Failure to:Play Offense Instead of Defense
![Page 14: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/14.jpg)
The best defense is a better offense. Don’t be stuck in your old ways. When the time is right, you must attack.
![Page 15: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/15.jpg)
7.
Failure to:Pay Attention to Competitor
Changes
![Page 16: The 7 Classic Management Mistakes](https://reader034.vdocument.in/reader034/viewer/2022042522/55ccf275bb61ebdf318b457c/html5/thumbnails/16.jpg)
Keep your eyes open so you see what the competition is doing and can make
adjustments to your own business plan.