The end of the financial year always comes at the same time—yet for many hotel managers, the timing is never good. A couple of months before EOFY, your to-do list suddenly balloons with financial reporting and budgeting tasks. Maybe there’s a little cash left over from last year’s budget, and you need to spend it in a hurry. What’s more, the sales figures are not as robust as you’d hoped. You’re worried about how upper management will view your performance, so you engineer a big promotion to improve the numbers. This doesn’t quite work as you thought and as a result of all this, you go through twice as much coffee and get half your normal quota of sleep. Eventually the whole thing blows over, and it went just well enough to repeat itself next June. (Or not, and you are now looking for another job, but that’s for another article….)Read More
When we look at the world of entrepreneurs, innovators and visionaries, it is rare to see someone who first completed a business degree. Indeed, many came to success from either a sciences background (think Akio Morita, the co-founder of Sony) or no qualifications at all (eg Richard Branson). They learned more by making mistakes and moving on. To underscore this point, Morita wrote a book in 1966 called Gakureki Muyō Ron (“Never Mind School Records”) in which he stressed that one’s performance in school is not necessarily an indicator of success in business.Read More
The green revolution is everywhere these days. You see its footprints in advertising, fashion, architecture, and every corner of industry. Graduate programs in sustainable management are becoming a standard offering at universities. There’s green web hosting, where customers can rent space on servers that are powered by 100% wind energy. There are even solar-powered bathing suits, into which you can plug your favorite gadgets.