The World's Best Book Summaries
What are manager expectations of employees? How should managers set and communicate expectations? Manager expectations of employees are an important part of your workplace and workflow. You need to have a system for setting expectations and communicating them to employees. Read more about how to set manager expectations of employees.
What are the most common sales objections? How can you overcome these sales objections and turn a prospect into a paying customer? The most common sales objections fall into two categories: bad timing, and the need to check with someone else. The most common sales objections are all just smokescreens for other issues. This article will explain step-by-step how to overcome the most common sales objections using methods from Way of the Wolf.
What are the different types of monopolies? How can you recognize these different types of monopolies? According to Milton Friedman, there are three types of monopolies: regulated, unregulated, and public. All of these types are harmful to economic development in different ways. Read more about the different types of monopolies and how they work.
What are the best quality control methods? How can you implement them in your organization? There are three main quality control methods that can help you maintain consistency in your organization. You’ll need to take all of these factors into account when thinking about how to control the behavior of people in your company. Read more about quality control methods and how they apply to your organization.
What does Milton Friedman mean by “the social responsibility of business is to increase its profits?” How does this differ from other views of corporate social responsibility? Corporate social responsibility is the idea that as large corporations with a lot of money, companies have a duty to uplift their communities and society as a whole. In Capitalism and Freedom, Milton Friedman argues that the social responsibility of business is to increase its profits. Read more about Milton’s Friedman’s views and why the social responsibility of business is to increase its profits and nothing more.
What are productivity indicators? How can you use them to be a more effective manager and increase output? Using productivity indicators is an important strategy for management. Indicators can help you see patterns, and leading indicators can help you predict productivity and make changes. Read more about productivity indicators and how they work.
Are there good methods for assessing employee performance? How can you determine performance as a manager? Assessing employee performance is an important part of your managerial duties. Since you will regularly have to assess performance, you’ll need a system for doing this and communicating it. Read more about assessing employee performance and how it works.
What does occupational licensing have to do with capitalism? Can having too many barriers to occupations harm the economy? Milton Friedman theorizes that occupational licensing makes it hard for new people to enter a profession. It also can limit choice for consumers, especially since so many professions require some sort of license. Read more about capitalism and occupational licensing.
What are the best productivity strategies? How can you use these strategies to increase your output? Productivity strategies can help you decide what increases output and what doesn’t. Then, you can use the strategies to build on your success and continue to manage effectively. Read more about productivity strategies and how they work
What is Andrew Grove’s High Output Management book about? How does Grove explain maximizing output and productivity? According to Andrew Grove, high output management is a style of management that uses manufacturing principles to manage other aspects of a company. Read more about Andrew Grove, high output management, and what it means.