School of Mumagement

Every year, there comes a period in the life of managers that they either love or loathe - the time to prepare budgets! While those who enjoy numbers can't wait to sink their teeth into the financials, projections, break even analysis, risk modelling, etc, there are those who would rather procrastinate, delegate or have their teeth extracted without anaesthesia than work on the budgets. This blogs is for those who are petrified of budgets and want to know a better, less painful way of setting and managing budgets. ABC of budgeting! If you are a parent who has gone on a holiday with toddlers, who will easily relate to the parallels between planning and going on a holiday with a toddler and the process of setting budgets.  I don't want to undermine the importance of colleagues in financial and accounting professions, but the theory of budgeting can be quite simple. Infact, I would go so far as to say it's as simple as A B C. Below I will explain each one of t...

The moment someone says 'tantrum', the stereotypical image of a child lying flat with their legs moving manically in the air, wailing at the top of their voice comes to mind. Yes, it does elicit all sorts of reactions from observers including scorn, sympathy, disdain, annoyance, apathy, and so on. I, on the other hand believe, it is a G O O D thing! Now now...hear me out! When someone has a tantrum, it is usually because they are not getting their way. If I take kids as an example, the tantrums come on when children are hungry, sleepy, bored, out of their comfort zone or unable to express themselves. Essentially, it is an indication that they need your attention, ... I'd much rather know that there is an issue and deal with it by finding a fitting solution rather than letting it silently fester. Even at work, it is much better that your employees, colleagues or teams vent out their frustrations rather than let it build up. That's why I say, tantrums are a good thing. I...