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Monthly Archives: May 2018

All about Sustainable Development Strategy

In the preliminary meeting, the South stipulated new and additional resources for their economic development. The North was very much interested to know about Southern commitments before dealing with the financial issue. No substantive result was therefore achieved. According to Geneva convention, the North and South are in a situation of confrontation on the question of creating a climate fund. The North expressed their willingness in favour of using the World Bank in this regard, but the South was against the idea. The idea of ‘pledge and review’ was rejected by the South that they should commit themselves to a process and no external could judge their domestic policies. The difference of opinion was evident in the third session of the INC in Nairobi. The pattern was continued when the INC met for its fourth session in Geneva in December 1991. In New York the fifth session of the INC showed the same situation between the North and South. The North was pressurizing the South for accepting the Global Environmental Facility as the funding channel. The North and South were therefore in a position of conflict in the meeting. The mood of the meeting was not improved by suggesting that if no climate change convention was negotiated President Bush would not go to Rio. At the same time to sweeten the threat, the US announced a $75 million aid plan to help curb developing countries green house emission.

Finally, the developing countries thought that the failure to finalize the convention would postpone the prospect of Western aid and technology to help tackle the effect of climate change they therefore accepted the GEF as an ‘interim’ financial mechanism of the convention. Regarding the issue of ‘pledge and review’, countries were required to supply information on their implementation of the convention, and a body was established to look at this information. At last, agreement on the convention was achieved and it was open for signature in Rio. The long discussion about the environmental conferences reveals that both parties have different types of interests and problems. The agreement in Rio was without sufficient commitments from both side. The concept of sustainable development has not been followed by both the parties. The right to achieve economic growth by the South was repeatedly voiced in those conferences and the needs for additional fund were also repeatedly raised. These demands were not sufficiently met by the North. These issues shows that the future relations of the North and the South on sustainable development depends highly on the attitude of the both the parties, though mostly on the attitudes of the North. Although the North has given commitments of financial support, these have not been sufficient for achieving sustainable development. If the North provides adequate financial resources and environment friendly technology at a good price to the South, then the sustainable development will bring co-operation between them, otherwise conflicts will not only remain, but will also be resolved virtually.

Create a Business Blueprint

1. Your Vision – There is something you envision when you go into business. Capture that vision on paper. Why are you driven to be in business at all? Who do you serve and how? At its future best, what does it all look like as it plays out?

Specificity in your vision is key. This is the “down the road” snapshot that you hold in your mind as the prize. The plan is designed to help you reach this vision, so the clearer the vision, the more helpful the plan.

2. The Why – Document and regularly remind yourself of why this vision matters to you. Your “big why” is any reason you have that is meaningful enough to drive you through challenges and difficult times. Identify your most significant reasons for being in business and remind yourself of why you are willing to do what it takes to recommit each day.

3. Unique Brilliance – Your unique brilliance is that special life force that you bring to your business that makes it authentically you and gives it power. If you examine what you have always loved (from childhood), attach words or qualities to it, you have something truly special that brands and differentiates your business because of the qualities you bring.

Your brilliance isn’t a technique or skill, it’s a talent that emanates from you and permeates your work. For example, a unique brilliance statement might be: “I spark innovation.” Keep it simple yet powerful. Think of Walt Disney. I believe his childlike imagination was his unique brilliance, and look how that played out.

4. A Stand – What is an overarching principle of your business? Are you taking a stand for something in your business that transcends the products and services? State what you stand for that is expressed through your business. For example, “I am a stand for people communicating effectively to make the world a more harmonious place.”

5. Expertise – What are you an expert at? This is still aimed at the business owner, but is more related to the work he/she is doing. What expertise do you have (and should your team have) that will drive the business forward. An example might be, “I am an expert at making people beautiful.” This expertise will be used in the business and in the branding.

6. Brand Values – Identify the brand promise you are making to the market you serve. This is the promise of an experience they can expect to have when working with you regardless of the product or service. What values are necessary to provide that consistent experience? As an example, consider Four Seasons Hotels and the experience you have there whether you stay in a suite or just have dinner in the bar.

7. Target Niche – Who specifically is your ideal customer? Choose as narrow a niche as you can so your marketing can be very targeted and specific. This is not intended to turn people away, but to give you as clear a picture as you can get of the client or customer who is best served by what you have to offer and your expertise. These are the people you need to speak to in your messaging as they will be most willing to engage.

8. Products/Services – Define and describe exactly what you are offering to your niche audience. What products or service does your business provide and why? What is the intention for each one? What results should customers expect from what you offer? What differentiates your products and services from similar ones on the market?

9. Marketing and Sales – Provide details of how you will market your products and services and what your sales process will look like. Regular attention should be paid to the optimal ways of reaching your audience and turning them into paying customers. Identify mechanisms for tracking what works and what doesn’t. Great communication and consistent branding is key here.

10. Delivery System – How will customers receive the products or services being offered? From beginning to end, there is benefit to designing and implementing good systems for efficient and high quality product/service delivery. Consider detailing this out for every category of service or product.

Wealth Creation Formula

Income is King

The most important step in the Wealth Creation Formula is creating income. Income is King and without income, you will fail financially. It’s that simple. How important is income? There are countless stories of professional athletes who have become broke, filing bankruptcies, and working regular jobs after retirement. Of course, their bad spending habits, bad investments, and poor money management have led to their financial downfall.

But the one key that most people miss is that once those professional athletes retire they do not produce those million dollar checks anymore. Their professional careers are over and they stop producing that income. Regardless. if they lived a lush lifestyle if they still had that big payday they would be OK.

Once the income especially those million dollar contracts dry up they are in trouble. They still have to produce income after their careers are over. According to Sports Illustrated, after only 2 years of retirement, 78 percent of NFL players were either broke or struggling financially. Within 5 years of retirement, 60 percent of NBA players are broke. When you have expenses and no income to match it the only result is going broke.

Start Where You Are

Income is your source of wealth. Your job or business is the key. Whether you like what you do or not it is producing income. Furthermore, if you are making money there is a chance to create more of it. What I love about the Wealth Creation Formula is that it gives you a blueprint that can be applied to any profession, career, or job.

The best place to start is where you are now. You have a source now it’s time to milk it before it dries up. Your job or your business brings in money. Your next step is to increase your income flow. I will teach you how to do that in the next lesson. For those of you without an income. Go create one now.

Creating Income

If you have a job or a business look for ways to create more income form that flow. If you are unemployed, well you need to get some money. Go get a job, sell some stuff online, go to the streets and beg. You have to get an income flow. You will not get rich without earning money. The question is what can you do now to earn money?

Strategic Management

Reforms and changes undertaken by the World Bank supported Sectoral Adjustment Programs have raised serious questions about the way the public services are run and how users are treated. Managers and politicians at the central level have had to rethink about the management of public sector institutions in Bangladesh. Most of the reforms and changes have been based on two main ideas: firstly reduction of public spending and secondly, the market mechanism is a good thing, if a market style of relationship is suitable, it should be introduced. In many respects the public sector is different from private sector. In public sector the activities of the Government are rarely based on the need to attract customers. Prices are not normally set to maximize profits or market shares. Investment decisions are not generally based on prospective profit. Motivation may even be different; earnings do not wholly motivate managers and workers. ” What all this means is that the values require to run the public services are different from those required to run a successful business. For example, it is rarely appropriate to withdraw from parts of the ‘market’ because they are no longer profitable. ‘Customers’ who cannot afford to pay still have entitlements, which they would not have if they were receiving service from the business. Those entitlements derive from citizenship and social policy rather than from cash.

It has been further argued by the management specialists that values of equity and justice have to play a vital role in the administration in a way that would be irrelevant to most business. 16% of total GDP is controlled by the public sector in Bangladesh. Any reduction in the size of the public sector would be a painful job for the politicians. In response to the growing demand for public accountability and improved performance, public management scholars and practitioners have been coalescing for quite some time around the theme of which have been identified by Hood as being, ‘New Public Management is the idea of a shift in emphasis from policy making to management skills, from a stress on process to a stress on output, from orderly hierarchies to an extendedly more competitive basis for providing public services, from fixed to variable pay and from a uniform and inclusive public service to variant structure with more emphasis on contract provision’ Hood.

It is argued by strategists like Joyce, Quinn and others that in the organizations of any size and complexity, it is possible to manage for result in the long or short run without a well-developed capacity for strategic management process to provide a coherent approach to establishing, attaining, monitoring and updating an agency’s agenda.

Joyce claims that strategic management can help new public services emerge. It can do this by helping to decide what should be done and how it should be done and by creating the dialogue and consensus need to make the changes. He further argues that in the absence of effective strategic management, the new public management services will still emerge, but in more haphazard way. Strategic management, when practiced well, can help to call for transformation to occur more efficiently and creatively. He further states that this is not to say that strategic management is a magic word, or that it can be continued on to work perfectly every time. It is certainly not a simple method of bringing about fundamental changes. One of the key challenges for public services management in the years ahead is to find out ways in which strategic management may be developed and applied to ensure that both performance and innovation are achieved in the interest of better public services.