Executives, decision makers, and management in general have a finite amount of “Management Attention Units” (MAUs). So, what are MAUs anyway? We use this general term to refer to time used by management to carry out core supervisory duties. Management’s time – a very valuable and finite commodity.
What is done is done. Now, it is time for Facebook to take ownership of what happened, and prepare a plan to both handle the current crises and mitigate the risk of this ever happening again.
After the Enron and Worldcom scandals of 2001, the Sarbanes-Oxley Act (SOX) was enacted by Congress to help prevent certain types of fraudulent practices. Among other things, SOX has had critical implications for IT. Not only because of the role information technology plays in all businesses nowadays but because of SOX’s industry-leading Section 802 data retention requirements.
It is a well known fact that an effective way to reduce one’s workload and stress levels is by delegating in the workplace. Delegating, however, requires trust in the person you are delegating to and an understanding that things may not be perfect.
Most people nowadays use a number of disparate applications and methods to store all of their action items, projects, and tasks. Why is it so hard to consolidate that mess into a common approach that tracks and reminds us of what needs to get done in one place? Here is a way out.
We constantly wonder why things keep falling through the cracks with no consequences to the offenders even when a performance review and/or reward system is in place. Remembering what goes on every day so it can be used and evaluated at a later time is a real challenge.
It looks like the European Union’s new GDPR will go into effect on May 25, 2018. Companies that fail to comply with its rules and regulations will face fines of up to $20 million euros (or 4% of sales for the preceding year). This is definitely not a trivial update.