Franchising is a halfway house between being an entrepreneurial business owner and taking a job with all the certainty and uncertainty that entails.
Franchising is a common next-step for managers who leave their safe employment and want to set up and operate their own business. But they don’t have the ideas or the appetite for a wholly new business of their own. As a business model, franchising offers significant benefits to:
- the person granting the franchise (franchisor)
- the person operating the franchised business (franchisee), and
But with benefits come inevitable costs and risks. So, in this article, we’ll look at the Big Idea behind franchising, what it is and what it means for business people on either side of the transaction.
Continue reading Franchising: Half-way to Independent Business Ownership
No. An article on memes is not an excuse to re-post a bunch of funny internet memes. We’re more
grown-up boring than that, here at Management Pocketbooks.
And it’s not as if we think you don’t know what a meme is. Of course you do. So, why have we made it the subject of one of our Big Ideas articles?
Because a meme is an idea that sticks around. It is a Big Idea!
Continue reading Memes: Ideas that Spread and Evolve
In a world filled with temptations to take shortcuts, governance is our defence. It provides us with the direction and control that maintain the standards that serve the many against the carelessness or abuses of those with power.
It feels to this observer that never in my lifetime has the need for governance been as great as it is now.
Continue reading Governance: Steering the Good Ship
Key Performance Indicators – or KPIs – stem from an insight that is most often attributed to Peter Drucker, in his 1954 book titled, ‘The Practice of Management’:
‘What gets measured gets managed’
That attribution may be contested, but the central assertion seems pretty sound. If your organisation measures performance against a specific metric, then its managers feel an incentive to manage their parts of the business, so that they perform well against that metric. KPIs are nothing more nor less than the key – or most valuable – metrics.
Continue reading Key Performance Indicators: KPIs
The Cone of Uncertainty is a concept from the world of Project Management. But, as an idea, it is so compellingly simple and so widely applicable, that it deserves a place of its own in our Big Ideas series.
So, in this article, we’ll take a look at what the cone of uncertainty is, and how it makes a helpful mental model in many contexts.
Continue reading The Cone of Uncertainty
Is Business Process Reengineering (BPR) a Big Idea whose time has passed? An historical footnote for managers to be aware of; but of little use?
Or will we still have a use for the ideas of Business Process Reengineering in the 2020s?
That’s the question I will tackle in this article.
Continue reading Business Process Reengineering | BPR
Only in a world where so many of us want to be ever more productive, can a simple formula just for getting things done become a Big Idea.
But a big idea it has become. Dave Allen’s branded approach to Getting Things Done (GTD) has attracted the attention (he claims) of over 2 million people.
So, we need to take a look at it. We’ll consider:
- Why do we need systems for managing our time?
- What is the Getting Things Done approach? and
- Who is it well suited to?
Continue reading Getting Things Done: Deliberate Time Management
I’m sure Multi-Level Marketing has been around since ancient days. Send out street urchins to sell stuff and take a big chunk of their income. Get them to recruit other homeless kids and let them have a share of what their protegé earns.
But Multi-Level Marketing (or MLM) is big business now, with one estimate* putting it at around the US$200 billion per annum mark, worldwide.
So, we have to ask:
- What is Multi-Level Marketing?
- How does it work?
- Is it a good way to earn a living (here’s a spoiler: no)?
- And how do you spot an MLM scheme if offered one?
Continue reading Multi-Level Marketing (MLM): Pyramid Schemes?
We take it for granted when new products appear on the market. Perhaps they were made by elves! Well, they must have been made by someone, who followed a process. And that process was the New Product Development, or NPD, process.
The New Product Development process is now mature and well understood. There are many ways to articulate it, and none is that different from what mediaeval craftsmen would have used. But it’s still a big idea. And it’s an idea every manager should at least be familiar with.
Continue reading New Product Development – NPD: Something Shiny to Sell
Servant Leadership is one of my personal favourite Big Ideas in the field of management and leadership. It’s been a discipline to push it this far back in our series of Big Ideas.
And we did cover Servant Leadership within our Management Thinkers series. The article on Robert Greenleaf describes the genesis of the idea.
So, in this article, I want to discuss the idea of Servant Leadership in the way I understand it, and introduce a second voice to Greenleaf’s: that of Max De Pree*.
Continue reading Servant Leadership: Lightning Rod