The Manager's Resource Handbook
Tools, Resources and Guides for Managers and Business Leaders. Real Advice from Real Bosses.
When Your Customer Makes You Cringe: Dealing With Unprofessional Clients During a recent meeting with a client, my patience grew to its thinnest level yet in our working relationship. They were unhappy with schedule, but they were the cause for the delays. They were dissatisfied with our solution to their problem, but it was driven by their written guidelines. They
» Read more
Before the RFP: Key Messages That Position You for Success Winning a contract comes down to finding mutual value between you and the client. The concept of value goes beyond the financial numbers, though, and is really a combination of price, product, services and trust. When you receive a Request for Proposal (RFP) from a client, how do you demonstrate the value you can
» Read more
Is Managing Change The Ultimate Program Management Challenge? For 18 months now, my team has been negotiating scope changes with a given client to offset our increases in cost. Per our contract, we have the right to seek commercial coverage and have the ability to charge the customer for change. We went into this particular business deal expecting delays before all was said and
» Read more
6 Reasons to Sign a Contract Even if You Won’t Make Money With all the talk about powerhouse brands like Amazon, UBER and Apple, we often hear about companies experiencing rapid growth and making record profits. But these firms are clearly exceptions to the norms that countless small businesses experience. Without a doubt, every business owner wants to be profitable and hopes
» Read more
10 Management Decisions That Drive Business Success Making financial decisions is not limited to just those managers who work in the Accounting department. For both small business and large corporations, whether we realize it or not, every manager and business leader makes decisions on a daily basis that affect their organization’s costs, finances and performance. We at MRH like to refer
» Read more
The 4P Marketing Model: A Case Study On a recent business trip to China, tired of taxis, elevators, conference rooms and hotels, I went out for a walk one night. My translator, whose chosen English name was Martin, elected to stay at the hotel to do some work. Always wanting to try something different, my walk coincided with my secret
» Read more
Navigate the Challenges of Contract Negotiations in the People’s Republic A Fortune 200 executive once told me “No CEO wants it on his or her watch that they missed out on China.” It goes without saying that the world’s largest marketplace is a force to be reckoned with. As anyone who has worked with Chinese companies knows, doing business and negotiating in
» Read more
A Good Capture Strategy is More Than Just a Good Price Last week, I sat through a capture strategy meeting. The sales manager responsible for the territory was presenting a new opportunity to the management team and walked us through the capture efforts. Financially, the business case looked good. The level of risk seemed low, and the customer was one we did
» Read more
A Basic Outline to An RFP Response When conducting business between companies, typically referred to as business-to-business or B2B, most opportunities and contracts are generated through a process of bid solicitation. Businesses looking to outsource services will often issue what is known as a Request for Proposal (RFP) to seek information from various vendors and suppliers who they believe can do the
» Read more
Interviewing Candidates for Customer Service Positions Many organizations make hiring decisions in very practical terms: Are they willing to relocate? Do they have the required education? Do they possess the minimum number of years of experience per the job requirements? These are all valid questions to ask yourself and are certainly variables to consider when making routine hiring decisions. When
» Read more Competitor or Partner? It’s Not Always David Vs. Goliath Note to Reader: Competitor names are changes for privacy reasons. Last month, I was asked by a client to participate in a visit to some of their customers. The client, Acme Electric, wanted to meet with some of their smaller customers with the hopes of growing their existing sales volume
» Read more
5 Easy Tips for Making a Killer Presentation Whether during an average day at the office, via web meeting, or while attending a major conference, we have all sat through someone else’s presentation. Some presentations were mind-blowing and memorable, others were mediocre; and I’m willing to bet there are still others that you’ve witnessed that were downright awful, and you walked away confused at the
» Read more
Why Consider a Horizontal Integration Strategy? Just about every firm continuously tweaks and looks for new ways to optimize their operation in the pursuit of growth and profits. In the early 2000s, made even more possible by a rapidly expanding internet, just about every industry seemed to jump on the outsourcing bandwagon. The thought was simple: why expend internal resources on
» Read more How to Communicate Your Value Proposition to Customers Companies compete on a daily basis for a finite amount of sales and revenue in the market. Whether we are a small business, a conglomerate, a B2B or B2C firm, we all have competitors. As we chase the next sale, the next contract or the next service appointment, though, there are ways of
» Read more
Basic Lessons in Customer Service When it comes to working with customers, there are numerous ways to make a lasting impression that will bring them back to you time and time again. Sometimes a friendly tone of voice over the phone is all it takes to win a customer over. Perhaps your quick response time is all the customer needs
» Read more
How to Grow With Current Customers: A Case Example In Sales and Marketing, we spend a lot of time pursuing new customers and new channels of growth. But we frequently lose sight of the sales potential right in front of us. Our best customers are often our current customers. And for this reason, we should always treat our current buyers with
» Read more
Identifying What Customers Value Think about the last time you went into a store prepared to buy something, but eventually left empty-handed. What was the reason you, as a customer, did not make that purchase? There are many possible answers to this question; maybe it was too expensive, the quality may not have been to your liking, or you simply
» Read more
Using Business Partnerships To Fuel Growth When it comes to new markets and expanding your small business globally, you will likely face an uphill battle. You may struggle with start-up costs, you may have distribution challenges, and you may have gaps in knowledge of the specific market you target. These issues are difficult enough by themselves, but are even further magnified when
» Read more
How to Conduct a SWOT Analysis: Take a Closer Look At Your Business Leading a successful company requires you periodically spend time identifying ways to improve and get better. A SWOT analysis is one evaluation method that aids in organizing characteristics of your business that you deem as successes or concerns. Specifically, a SWOT analysis is an evaluation technique that helps you capture the Strengths, Weaknesses, Opportunities and Threats
» Read more How to Grow Your Small Business We recently worked with a small company to assist with their business development struggles. The CEO described his company’s situation as “able to perform well when we can actually get in the door.” The company employed about 20 employees and worked in the IT services industry. MRH conducted an evaluation of the business, focusing
» Read more