Top 10 Richest People In The World 2015

From 10 to 1, top ten riches people in the world 2015.

        Global economy is facing ups and downs every time but there are certain individuals who are out there without facing the blows that hit economy. These individuals remain rich even when the whole economy is facing so much of issues. These individuals have got their success story to narrate which have whole things about their way to reach the success. These people are real inspirations as they have really made remarkable hardwork for reaching this list. Here are the top 10 rich people of the world for the year 2015. It is really good for the individuals to know more about these people.

10. Alice Watson

She is daughter of Sam Walton. She lives in US and has got a huge share in the popular WalMart Fortune. This rich lady is also acting as chairman of Crystal Bridges Museum of American Art. She is an art lover and also a philanthropic. She has donated many of the collections that she has to public. She is also a lady who is actively participating in politics. She has got interest towards republicans. She has got the net worth of about 34.9 billion dollars.

Performance Management

Introduction

An effective performance management process sets the foundation aligning the individual's efforts with the university's goals.

·         By linking individual employee work efforts with the organization’s mission and objectives, the employee and the organization understand how that job contributes to the organization.

·         By focusing attention on setting clear performance expectations (results + actions & behaviors), it helps the employee know what needs to be done to be successful on the job. 

·         Through the use of objectives, standards, performance dimensions, and other measures it focuses effort. This helps the department get done what needs to be done and provides a solid rationale for eliminating work that is no longer useful.

·         Through regular check-in discussions, which include status updates, coaching, and feedback, it promotes flexibility, allowing you and the employee to identify problems early and change the course of a project or work assignment.

·         By emphasizing that an annual review should simply be a summary of the conversations held between you and the employee during the entire cycle, it shifts the focus away from performance as an “annual event” to performance as an on-going process.

An effective performance management process, while requiring time to plan and implement, can save you and the employee time and energy. Most importantly, it can be a very effective motivator, since it can help you and the employee achieve organizational success

Concepts & Definitions

Performance Management - Definition

Performance management is an ongoing process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization. The communication process includes clarifying expectations, setting objectives, identifying goals, providing feedback, and reviewing results.

10 Tips for a Strong Start

As someone who has been called a serial entrepreneur, I've had more than my fair share of experience starting new enterprises, turning around under performing enterprises or re-vamping operations.

During that time, I've learned a thing or two about some critical factors you absolutely need to know before you jump into the proverbial entrepreneurial waters.

In the majority of cases, start-up success or failure is all about knowing the both the how and the why of taking action, and always being clear about which steps to take next.

To help this process, here are 10 essential things you need to know about running a successful business. Use it as a checklist to make sure your thinking and your business plan are on the right track, or if you need to get more information, strategic education or clarity for yourself on your overall vision, your market, or your product or service.

1. Offer what people want to buy, not just what you want to sell.Too often, people jump into a business built around a product or service they think will be successful, rather than one that is already proven to have a market.
   
   What do I mean?
   
   Instead of creating and selling a new sports shoe with the latest trendy design and materials, you'd be much better off from a business perspective to focus on shoe category generally (a proven category because which people buy shoes every day) and then focus more specifically on the niche of high performance sports shoes, (which you may even sell in a section of a shoe retail outlet). Better to have a small slice of a large category than a large slice of no market at all.
    
2. Get cash flowing ASAP. Cash flow is the lifeblood of business, and is absolutely essential to feed bottom-line profits. So you need to find ways to jump start cash flow immediately.
   
   How do you do that? In a professional services business, you can ask for deposits on work up-front, with balances due on delivery.