Category: Business Management

A brief look at the inspiring life and career of one of the most successful Scots entrepreneurs of all time, Willie Haughey. From young school leaver to employer of 11,000 people, read on and learn about City Refrigeration’s business success story.

The Early Years
After leaving school at 15 with no qualifications, Scot entrepreneur Willie Haughey succeeded in building the biggest privately-owned facilities management company in Europe with a turnover of 400 million.

From a fledgling operation with just four employees in 1985, to a global giant employing 11,000 people, Glasgow-based entrepreneur Willie Haughey grew from a working-class Gorbals boy to the largest private employer in Scotland.

Delivering milk kept him in pocket money before the young Willie finally landing an apprenticeship with local firm Turner Refrigeration. After developing his engineering skills at Springburn College, Willie spent two and half years in Abu Dhabi, working on of lucrative air conditioning contracts for UTS Carrier (USA), in the oil-rich United Arab Emirates.

But Willie didn’t stop there – using his spare time to plan and establish contacts he laid the foundations for his own empire back home in Scotland.

With 70,000 of start-up capital and Willie’s life savings, City Refrigeration was born in 1985. The big idea start a refrigeration company that specialised in installing and servicing cooling systems for the drinks industry.

Willies determination and an self-belief, finally led to a breakthrough contract with major brewers Tennent Caledonian and the beginning of the success story. Before long every major brewer in Scotland were onboard, and propelled City Refrigeration into the fast lane as one of the fastest-growing private companies in Europe.

City Refrigeration Expands
In 1996 William Haughey had a stroke of genius that transformed City from being a moderately successful refrigeration business into a hugely successful facilities management company, with clients worldwide.

Following successful maintenance contracts for supermarket giant Asda in Scotland and the North of England, City Refrigeration’s stellar performance resulted in it’s contract being rolled out to every store in the UK.

Hot on their heels, several other major British companies such as House of Fraser, Waterstones and Ladbrokes now also appoint City, and with promising new opportunities opening up in the Middle East and Australia, plus longer-term plans to break into the US market, Willie confidently predicts that turnover will more than double over the next few years.

The considerable success of City Refrigeration has not been achieved with speculative ventures however. A careful approach combined with well cultivated, long-term partnerships with people and companies has been critical to City’s expansion plans.

But despite being a highly successful tycoon, Willie Haughey has always kept his feet on the ground. City Refrigerations brand new 23 million headquarters, which was opened by the former Prime Minister Gordon Brown in 2009, is located right in the heart of the old Gorbals district, on a site where Willie’s childhood home once stood.

Willie himself still marvels at the amazing co-incidence and chuckles at the thought that a streetwise kid from the Gorbals is now running his worldwide empire from his old backyard!

The recipient of a raft of awards and accolades, including honours from his native city Glasgow, an honorary doctorate by Glasgow Caledonian University and even been decorated by the Queen. The Sunday Times Rich List Dr Haughey OBE estimates his personal fortune at 50 million but, as you would expect, Willie never comments on speculation about his net worth.

How to Rent a Dance Floor for a Rave

When organizing a rave one of the most important steps is renting a space that has an adequate dance floor, since the dancing is the primary focus of the party. The dance floor needs to meet a number of important criteria if the rave is going to be a success. Other People Are Reading How to Rave With Glowsticks How to Make Your Own Rave Outfit

Print this article Instructions 1 Determine what kind of rave you plan on having by considering whether it will be an underground or approved rave, how many people you expect to attend and if you’ll have multiple DJs and other staff and organizers coming and going frequently.

2 Start by looking at celebration halls and dancehalls in your area and going to speak with the managers. Most likely, you’ll find that many of the dance floors are not suitable for your rave but conversations with the managers and employees of the halls will lead you to better spaces.

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3 Make a check list of requirements that each space must meet which includes your electricity needs (since the rave music and lights suck electricity), the safety of the neighborhood, ventilation considerations, maximum occupancy, the number of exits and the potential reaction of neighbors in the area.

4 Be prepared to put a fairly sizable deposit down on the dance floor rental that could be as high as the cost of the rental or in some cases more. In nearly all cases you’ll be required to pre-pay for the dance floor so raise cash and sell tickets in advance of the rave.

5 Check with the police department or city hall about permits and requirements for the dance floor rental before you sign the rental agreement.

6 Cancel or postpone the rave until you find the right dance hall since even minor problems can become serious ordeals when you’re packing hundreds of dancing people into a relatively confined space.

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With majority of the students becoming conscious towards their careers, there is an increase in demand of professional courses. But the most popular course among the students in today’s society is the MBA (Masters of Business Administration) as it opens many opportunities for them. Following the economic development of the country the demand of MBA professionals is increasing every day. Because of which a large number of colleges offering this course have come up in India, Which contains some of the best MBA colleges in the world?

Among these colleges the Indian Institutes of Management (IIMs) stands at the top of the list. There are total 8 IIMs across India and they are situated at – Calcutta, Indore, Ahmadabad, Bangalore, Kozhikode, Luck now, Shilling and Ranchi. Students have to score high marks int he Common Admission Test (CAT), in order to get an admission in IIM which also includes group discussion and a personal interview by the faculty of the institute.

Besides IIMs is the Indian School of Business (ISB), Hyderabad, which was established on December 2, 1999. This institute contains a faculty from the best management institutes of the world which includes Wharton, London Business School, Stanford, etc.

Then comes the Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai. It was founded in 1965 and grabbed a prominent place among the top business schools in the Asia – Pacific.

The XLRI is also among the top most MBA colleges for Management Studies. XLRI is an abbreviation of Xavier Labour Research Institute situated at Jamshedpur. It was founded in 1949 and has been growing gradually throughout its existence.

Some other top Business Schools of India are – Faculty of Management Studies (FMS), Delhi, Indian Institute of Foreign Trade (IIFT), Symbiosis Institute of Business Management, Loyola Institute of Business Administration (LIBA), Nirma Institute of Management, Indira Institute of Management (IIMP), Pune, SIES College of Management Studies (SIESCOMS), Institute of Financial Management and Research (IFMR), etc.

The reason behind opting for a top – ranked MBA college is that, pursuing MBA from these colleges guarantees a good pay package depending on the reputation and dependability of the respected college. Hence the growth of the students in the corporate world becomes swift. The IIMs are always known for grabbing the best salary offers for their students all over the country. According to the placements records of 2010, their is an increase of 25 percent in the salary of students from such top MBA colleges

In order to be a great, responsible manager to his or her workers, it’s important for managers to commit to management and leadership training. While some managers might lack the proper training and experience, leaving him or her unprepared for the job, the correct training has aided other managers to be great at what they do, being able to take care of concerns including sickness disciplinaries and staff disputes, as well as other tough and tender leadership issues.

There are many things a leader can do to make certain employees and fellow managers are happy whilst staying as efficient as possible, whether it’s a brand new manager or an old leader seeking to work on their management skills. Employees who have been mismanaged before by a lousy manager will understand the frustration it has caused them and other people directly affected.

There’s a lot involved with evolving into a good manager and it might be useful to get used to your responsibilities early on, so that everybody knows your ways of running things and they are able to come to you if they have any problems. To be a great manager means to be a good listener, great at your own work, able to oversee, motivate and teach others, gracious, assertive when it is important and being able to judge circumstances and react proactively.

Management and leadership courses are becoming gradually and increasingly popular in the workplace. Lots of people are thrown into management roles without leadership training and this has been what has caused problems to appear. Being a great manager is something that requires learning over time through training and experience. It’s true what they say – it’s hard at the top and there’s a number of challenges you will encounter as a manager throughout your career.

Whether you need to deal with a staff dispute, a grievance procedure, a tight deadline or a sickness disciplinary, the right leadership and management training can help you to sort out these challenges and issues in a way that resolves problems fast and ensures a good result for the company, employer, or employee depending on the circumstances.

Usually a lack of leadership and management training is the problem when a lousy manager is guilty of mismanagement issues. Mismanagement may occur the minute you stop listening to your workers, start making incorrect and ill-conceived choices or allowing your ego to rule over the decisions that you make. This is when problems including staff motivation can occur and this will have a direct result on effectiveness.

There are a number of companies offering management and leadership training courses across the UK. You can choose to arrange training in-house or visit off-site training rooms that can take you away from the office environment and the many interruptions that can appear. A number of leaders will frequently say they’re too busy to go to any training, but this may establish and expose another mismanagement issue – delegation and time management. These are all spaces that can be learnt and there’s many mechanisms that you could learn that will assist you to master the work that you do.

Survival of the fittest- is the law of the jungle which is equally applicable to the competitive market place where firms struggle and fight for survival and ensuring survival of the firm is a critical task of the manager and that alone is not enough and the manager has also to actively seek growth and no matter how big or powerful a firm may be today, it is sure to be left behind in the race by newer, healthier and more efficient firms if it does not pursue growth. Two sets of factors impringe upon the firm’s survival and growth. The first is the set of factors which are internal to the firm and are largely controllable and these internal factors are choice of technology, efficiency of labor, competence of managerial staff, company image, financial resources etc.

In order to survive in the market, it is the responsibility of the organization in improving the efficiency of its workforce and efficiency is the ratio of output to the input and a manager has not only to perform and produce results; however, to do so in the most efficient manner possible. In order to produce the results a manager requires inputs in the form of money, men, materials and machines. The more output that the manager can produce with the same input, the greater will be the profit generated and profit is the surplus or difference the manager can generate between the value of inputs and outputs.

Profit is essential for the survival and growth of the business and a manager may decide to forego some profit today for the profits which he is seeking tomorrow; however, in the long run he should understand that no business can survive if it does not make profits and the business activity is undertaken to satisfy a need of the society in a manner which yields profits. A business is not a philanthropic or charitable activity which is run merely to provide some goods and services irrespective of whether it is making a profit.

Profit generated can be used for expansion, upgrading of technology, growth or paying dividends. Profits are one of the cheapest sources of financing growth as they involve no interest liability nor putting the freedom at stake by having representatives of financial institutions sit on the board of directors. Profit drives the business manager an initiative to take risk, think big and venture into relatively unknown areas. A profitable firm can turn unprofitable because of obsolete technology, inability to meet high fixed cost structures, high levels of wastage, or simply because the product is no longer in demand by the customers.

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