Let Your Employees Make Decisions

Written by Jason Liptow

Let Your Employees Make Decisions

One ofrepparttar best managers I ever had taught me a very valuable lesson about management. She was a manager atrepparttar 150414 first bank I worked at. I was a supervisor of all ofrepparttar 150415 bank tellers. She delegated decision-making powers to all of her staff. Of course,repparttar 150416 level of decision-making was different forrepparttar 150417 different levels of workers. In other words,repparttar 150418 assistant managers hadrepparttar 150419 ability to make decisions on more important matters than didrepparttar 150420 supervisors andrepparttar 150421 supervisors had more leeway than didrepparttar 150422 tellers. It was one ofrepparttar 150423 most important lessons I learned about managing. The idea of giving decision-making powers to a staff is very scary for many managers. They are either afraid to give up power or they are afraid of mistakes being made. But givingrepparttar 150424 power to make decisions to your staff shows that you have trust in them. I am not advocating that every staff member haverepparttar 150425 "power" to make every decision acrossrepparttar 150426 board. Obviously, not every worker is capable of making every decision. Another thing to consider is that managers are usually inrepparttar 150427 position they are in because they possess strong decision-making skills. But it is important to allow all workers to make some decisions. Here are some things to consider when allocating decision-making powers to your staff. 1. Evaluate each worker and allocate decision-making powers based on their position. In my situation, bank tellers did not haverepparttar 150428 same level of authority for making decisions as didrepparttar 150429 managers and supervisors. You still have to maintain separation of powers in order to maintain hierarchy withinrepparttar 150430 organization or business. 2. Inform each worker ofrepparttar 150431 level of decision-making that they possess. Make it clear what they can and cannot do in relations to making decisions. For example, bank tellers hadrepparttar 150432 authority to cash checks for customers up to a certain level of money without having to have a supervisor's permission or approval. Supervisors had a much higher threshold and so on. You do not want bank tellers approving transactions for tens of thousands of dollars without their supervisor's approval. 3. Remember that you, asrepparttar 150433 manager, are still responsible forrepparttar 150434 workers decisions. Do not let them hang out to dry if they make a decision and it is wrong. You must accept accountability for their decision as long as they followedrepparttar 150435 guidelines that you implemented for them. My manager always told her supervisors and assistant managers that we hadrepparttar 150436 authority to make decisions and she would stand behind us on any of them as long as we could show why we made that decision andrepparttar 150437 basis for it.

Making Money ..... Understanding the Stock Market & Why Stocks Go UP

Written by Larry Connors

Inrepparttar stock market it's not unsual to see a stock go up more than 15% in less than 5 minutes on a good momentum day. It could seem that making money inrepparttar 150413 market is just a matter of buying one of those fast moving stocks and riding them for profits. In a way it is, but there is more to it.

The problem is, that if you don't know what stocks to look for and how to properly approach them and simply leave everyting to luck, you could end up wasting money instead of making your profits grow.

That's whyrepparttar 150414 most important aspect of momentum trading isrepparttar 150415 knowledge FILTER you employ to make your buy and sell decisions.

There are many "fantastic" stock systems and trading strategies outhere, but you need to test them in order to discover which ones help yourepparttar 150416 most. That's part of your homework as a stocktrader. Test, test and test again.

Complicated stock trading strategies that rely on a "boat load" of technical analysis indicators can make you slow, and being slow when trading hot momentum stocks can be as dangerous as not knowing what to do inrepparttar 150417 first place.

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