Do Business Well

Christmas is the pinnacle of all holiday decorating, but thanks to Martha Stewart and other home-decorating mavens’ tutoring, Americans have expanded the number of holidays for which they go “all out” and decorate their homes. Over 60 percent of American households (61 percent) purchased Christmas decorations or other seasonal decorations in 2003, up from 55 percent purchase incidence in 2001. While no statistics are available about the exact number of homes that decorate for each major holiday, the holidays that are key for home decorating are Valentine’s Day, Easter, Fourth of July, Halloween, Thanksgiving, and, of course, Christmas. This is the third most widely purchased home product category. Continue Reading »

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2. Paper catalogs face an uncertain future.

Mailboxes across the county are stuffed with countless catalogs every day. According to one estimate, 17.6 billion catalogs were mailed in the U.S. last year. That’s sixty-four catalogs for every man, woman, and child.

That may change. Catalogs of all types will find themselves under severe electronic competition. There are a number of reasons why a Web catalog is superior to a paper one. Continue Reading »

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The Internet revolution will transform all aspects of our lives.

In business there is never only one way to do anything.

• Some people prefer to shop in specialty stores, some people in department stores.
• Some people prefer to shop in supermarkets, some in neighborhood stores.
• Some people love shopping malls, some don’t. Some people love to buy from catalogs, some don’t.

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First, their feedback was constant. They varied the frequency according to the preferences or the needs of the individual employee. But whether the meetings happened for twenty minutes every month or for an hour every quarter, these performance feedback meetings were, nonetheless, a constant part of their interaction with each employee throughoutthe year. How much of a time commitment did this represent? According to the managers in Gallup’s study, the total time spent discussing each employee’s style and performance was roughly four hours per employee per year. And as one front-line supervisor said, “If you can’t spend four hours a year with each of your people, then you’ve either got too many people, or you shouldn’t be a manager.” Continue Reading »

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How can the manager help? In the new career, the employee is the star. It is his responsibility to take control of his career. It is his responsibility to look in the mirror and make sound choices based upon what he discovers. But what role should the manager play? She is no longer the gatekeeper, picking and choosing from among the most attractive, the most skilled, the most experienced supplicants. What is her role? Continue Reading »

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By this definition, if the person is struggling, it is actively uncaring to allow him to keep playing a part that doesn’t fit. By this definition, firing the person is a caring act. This definition explains not only why great managers move fast to confront poor performance, but also why they are adept at keeping the relationship intact while doing so. Continue Reading »

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“He was so pissed off, he looked like he was going to punch me.’You haven’t given me enough time. You got to let me have another shot.’ All that kind of stuff. But I know my people, sometimes better than they know themselves. I knew that Simon wasn’t a team person. I knew that he would never be able to build the total experience I wanted. Better to pull the trigger now, I thought, rather than letting things drag on, with him beginning to feel more invested and me getting more disappointed. Continue Reading »

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Whether the employee is at the end of a trial period, or whether he is just struggling along in his current role, it is still difficult to bring him bad news. It is still difficult to tell him that he needs to move out of his role. During Gallup’s interviews, many managers, both great and average, confessed that they were physically sick before each conversation of this kind. No matter how you approach it, no matter how accomplished you are as a manager, removing someone from his role is never easy. Continue Reading »

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Forty-one percent of households purchased florals and plants for indoor use during 2003, down slightly from 44 percent in 2001. Cut flowers are a popular gift item, especially for Valentine’s Day.

Floral and Greenery Industry Snapshot

The retail market for cut flowers and florist items is said to be $15 billion by Chain Store Age magazine.

In total, sales of flowers, seeds, and potted plants (including both indoor and outdoor plants) was $18.2 billion in 2002, according to personal consumption data from the U.S. Bureau of Economic Analysis. This represents a 1.4 percent increase over sales of $17.9 billion in 2000. Continue Reading »

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More than half of American households (56 percent) bought flowers, seeds, shrubs, and trees for outdoor landscaping in 2003, down just slightly from 59 percent in 2002. Outdoor gardening is a passion for many, and a necessity for others. The American Gardening Association reports that 80 percent of U.S. households participate in some garden- related activity that usually results in the expenditure of money for tools, equipment, greenery, and supplies. Continue Reading »

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