I can't believe I haven't run across this before. I feel like an idiot having been unaware of this for so long. Art Schneiderman coined the term and developed the concept in 1987 However it was popularized by Robert Kaplan and David Norton in a Harvard Business Review article in 1992, see the wikipedia article here. Now that I know about it I have already noticed one person talking about it. I guess this MBA program I am in right now is already starting to pay off. I'll add to this post … [Read more...]
Idiots and Fools
March 31, 2011 By Leave a Comment
Managers that implement these sorts of programs without finding out one simple thing are idiots and fools. What is that one simple thing? It's really just one question. "What do you want?" Then the manager, owner, fool in charge ask themselves what do I want? To stop being the idiot and the fool you realize; I can trade what I want for what they want. Reward program, compensation plan or pay scale it's all the same. I was making $9 an hour, cleaning a butchers shop, as a … [Read more...]
Do you eat what you kill? or do you beg for your supper?
March 28, 2011 By Leave a Comment
Sometimes I wish I was a cave man. I would be in shape, strong and confident. I would constantly be hungry and that in turn would make me efficient. I am the happy, fat and lazy beggar, that sits and wait for the next handout. I read an article today that reminded me about this point. Open Forum from American Express It talked about how the industrial revolution in may ways killed creativity. The creativity that men possessed before. However it seems that creativity is returning … [Read more...]
Fear is keeping you poor
March 23, 2011 By Leave a Comment
Fear keeps most people poor. Sadly it's the companies that fear putting a variable pay system, also know as pay for performance in place. Variable pay is where companies pay you more if you work hard and produce more. Many sales professionals are paid this way. All doctors and dentists are paid this way. They get paid by what they do and if they get good they are paid more. I have converted many processes to pay for performance system. Every time I have done this the average pay … [Read more...]
Football? What are the real goals?
March 10, 2011 By Leave a Comment
I've all but given up watching ESPN! Every time I turn the channel to Sport Center, I get a little basketball, then I am slammed in the face again with more drivel about the NFL labor situation. Do I care? A bunch of wealthy guys, the players, and a small group of really really rich guys, the owners. Bickering about money. Who cares, really. If I was doing the negotiations for either side I would setup a "Pay for Performance" plan. The owners know how much each seat in each Arena … [Read more...]
Host or Not to Host – That is the question!
August 24, 2009 By Leave a Comment
I got a DM(Direct Message) From a user last week that I had helped before that asked the question. Should I use the free Wordpress.com or should I host my own site. I will give a couple of reasons why either is a good choice. I try to stay away from the cons unless it's there are some really glaring issues. But then if there are real problems I probably won't say anything at all. Reasons to Go with Wordpress.com 1. It doesn't cost you any money. It's FREE. 2. No updating, backing … [Read more...]
