With the exception of the occasional James Bond movie that proves the rule, we don’t as a matter of course combine our modes of transportation into one all-purpose vehicle. But when it comes to financial management, there is one tool , commonly called the Budget, that gets applied to all
With the exception of the occasional James Bond movie that proves the rule, we don’t as a matter of course combine our modes of transportation into one all-purpose vehicle, and we even tend to park our cars, boats and planes in separate facilities. But when it comes to financial management,
My introduction to the issue of risk in business decision making came rather abruptly and rudely during what I thought was going to be another routine quarterly business review with the executive committee. My particular agenda item was to present the business case for a “lite” version of one of
The best business book I’ve ever read (or at least the best by someone not named “Drucker”) has been “Competing on Value” by Mack Hanan and Peter Karp. Not trendy or full of consultant-speak buzzwords, first published in 1991, it’s simple, direct approach has stood the test of time, even
Information has a cost; good data doesn’t come for free. Bad business decisions have a cost too. Consider product cost and customer profitability. If you are using standard accounting approaches (developed a century ago to meet the needs of manufacturing), then you are most likely in that camp of bad
Earlier this week, Greece received its first tranche of EU bail-out money. Stock markets rallied. The Euro made gains, but fell back in later trading. According to the BBC, there were still concerns among investors that the package does nothing to address the fundamental problems of high debt levels in
