Business Management: Employee Incentives or Punishment?

It’s a Fallacy That Threats Improve Employee ProductivityA chain of waxing salons develops employee requirements to sell an almost impossible amount of products to customers and to wax an almost impossible number of customers per day. This puts employees under high stress to meet requirements that are unreasonable. In addition, the chain constantly threatens to fire employees who fail to meet quotas. Even employees who do well week after week and happen to have an off-week or two are threatened. It seems that business management believes this will improve employee productivity. However, this way of thinking is counterproductive because people tend not to do their best under threat.This kind of threatening business management strategy happens at all levels. Managers, technical people and professionals of all kinds who work in corporations often are trapped in a corporate culture that has threat of firing or lay-off as a constant underlying atmosphere. It is assumed that employees will work regular overtime with no recompense. Those who cannot do this because of family obligations or who don’t buy into the idea that their whole lives should be given to work are often pushed out. This increases the stress and fear in those still employed. Stress and fear does not improve productivity.Parental Punishment and Threats Fail to Produce Children’s Best BehaviorThe reality that punishment and threat of punishment fails to improve productivity begins in childhood. Children whose parents threaten them with punishment or attempt to induce positive behavior through punishment often have three choices-(1) they acquiesce because they’re smaller and less powerful, but they only do the minimum required by their parents; (2)they rebel and fight their parents every step of the way, enduring more and more punishment. Certainly, they fear their parents, but they also don’t respect them. Or (3) they might pretend to acquiesce but frequently “forget” to do their chores or secretly sneak out at night when their parents are sleeping, or children learn to manipulate their parents in other ways.The same often is true between employers and employees. Business management whose strategy is to attempt to improve productivity through threats-of firing or layoffs-only succeed in scaring their employees and creating a situation where they and their employees are adversaries. Why would an employee want to do his best when he is constantly under threat? Not only does the stress undermine confidence and energy, but lack of reward or anything positive to look forward to undermines motivation.Creating a Feeling of Community is Better for Business ManagementThreat of punishment or loss of jobs creates a lack of a sense of safety and employees are actually unable to work at their best. A sense of safety is one of our basic needs. Common sense tells us that when employees feel safe, when they feel trusted and validated for their work, their productivity will improve. Collaboration between employers and employees toward a mutual goal creates a feeling of community and belonging, of working together that makes people want to do their best. This sense of community and belonging also frees people’s creativity, which in turn is useful for innovation. Recognizing and rewarding employees for good work increases their motivation to continue doing good work. For example, the chain of salons above could get much more out of their employees by recognizing workers who sell the greatest number of products, by giving these people raises or commissions on what they sell and by providing sales training for employees or suggesting ways to work more efficiently. There’s no need for a concomitant threat of punishment for those who sell less, because each person will automatically attempt to do their best.

Golf Business Management

Golf business management is a demanding but rewarding career that integrates the diverse professionals who work to make a golf course thrive. They say that if your job is doing what you love, you never have to work a day in your life. This is true, and it’s probably what attracts people to the many careers in golf business management. Of course, most of the jobs aren’t as glamorous and simple as they seem at first, but can still be very rewarding. Loving the game isn’t enough to recommend someone to a career in the industry, but it is the true calling for some.The golf industry is strong and growing. It is a very popular game, and many wealthy men and women number among its regular players. But it isn’t just for the rich. Anyone with a free afternoon and an appreciation for being outdoors can enjoy it.  Even though it is a sport that rewards strength, accuracy, and steadiness, it is not one whose physical rigors preclude the elderly. It is a life sport, one that can be enjoyed throughout one’s lifetime.Golf business management is the art of selling the game and running the course. Essentially, there are a lot of experts and specialists, and this career involves integrating the professionals. Instructors and coaches are experts in the techniques and finer nuances of the game itself. Course landscapers are artists who work with planting and maintaining the flowering flora on the grounds. They are modern gardens. Like the private English gardens whose tradition they partly inherit, they are carefully designed verdant paradises. Unlike the gardens of Babylon or British manors, however, they can be enjoyed by anyone for an afternoon. Such is the spirit of the age. Instruction and course landscaping are both demanding jobs that require training, knowledge, and natural ability.There are many other specialized experts, and many of these professionals scarcely seem related. Yet for a course to thrive, they must all work together. Golf business management achieves this. It is the study of all aspects of the golf course that make it profitable. In some ways, a complex is just like any other business. It provides goods and services. People need to be made aware of the product in order to use it. A person in this career is responsible for marketing the club or association. If people are satisfied with their experience at a golf course, they’ll return with their own business and the business of their friends. If the goods and services are too expensive, fewer people will use them. If they aren’t expensive enough, it will be impossible to make a profit. A career in this field looks to the economics behind a course. Keeping it profitable is an art and a science. The management at a particular course must be an expert in business matters, but must also be familiar with all aspects of the game itself. It’s the responsibility of a landscaper to design the course and see that it is well maintained. Plants, rolling hills, ponds, sand, and scenery are the paint, and the course is a canvas to these artists. Management has responsibilities here too. They must decide how much money will be spent, and where, and how. Management is also in charge of hiring and managing the landscapers. So it is with all the other experts and workers that management succeeds.Successful golf business management requires training and study in business and in the sport itself. It is not an easily learned career, but for many who have it, it is the most satisfying job in the world.

How to Achieve Excellence in Business Management in Family Owned Companies

The best time to gain experience in business management is when you make mistakes. But this should not be an excuse to keep repeating them. Once a mistake has occurred, mangers and business owners need to learn from it and thus become better business administrators and ensure proper business operations.I think it is the high time things changed in the way we run our companies. Having a board of directors is a noble thing but the sad part is that some of the members are not qualified to seat in such management boards. I believe that a management board should be composed of highly qualified and high performing individuals. In addition, these members should have no inclination to certain names or fall prey of being influenced by particular people.By doing this companies will avoid a situation where decisions are taken due to influence from a certain individuals of high status. Business management boards need to be independent to make decisions even without meeting for the benefit of the company.Most of the businesses that are affected with this are institutions that are run by family members. It sometimes turns out to be difficult when it comes to handling change in management since family members may not be qualified enough to run the company.The best business approach for family owned organizations is to early enough prepare to hand over the ruins to the next generation. They need to put structures that will ensure that the right people get the right position whether they are family members or not. This is because to have smooth business operation you need the best.