Fess up, fellows: The masters of the universe have turned out to be masters of disaster. No matter which aspect of the financial crisis you consider, there is a man behind it.
So, it is worth pointing out how different things might be if the financial world were female.
Finance professors Brad Barber and Terrance Odean have found that women’s risk-adjusted returns beat those of men by an average of about one percentage point annually. In short, women trade less frequently, hold less volatile portfolios and expect lower returns than men do. Read more →
How do you buy a carpet? Although it is a common and simple question, there is no single answer for it. Area rugs add beauty and style, charm and elegance, personality and pride to any home. There’s a lot to know and consider before buying your new area rug but it’s well worth the effort.
The first thing to do is decide how much money you are willing to spend on purchasing a rug. Then take a tape measure and define the width and length of the area where you are planning to put your carpet.
Secondly, shop for the one that matches yours. Style can be defined as the way different motifs, colors and patterns give character to a rug. Styles range from floral to contemporary to traditional. They can also reflect a season or a theme. Roll out your favorite. Read more →
You have successfully started your small business and consistently maintained hefty profit. Yet, you might don’t even think about potential incidents that could happen in the future. Regardless of location, your business may be vulnerable. Burglary, robbery, and theft are some of the greatest sources of crime losses for businesses.
Every year a large number of companies are put to enormous expense due to destroyed or lost information and stolen cash and valuables caused by burglaries and robberies. For example, a single bomb in St Mary’s Axe in London in April 1992 caused damage amounting to approximately £1.5 billion and forced 40 companies to relocate to alternative premises. How would your organization cope with such incident? Read more →
Finding the most effective way to brainstorm is easier once you figure out what you want to get out of the process. In particular, there are structural differences between the kind of brainstorming session that will generate one great idea and the type that will produce several above-average concepts, according to a new study.
The study’s findings are described in a working paper, titled Idea Generation and the Quality of the Best Idea, coauthored by Karan Girotra, Christian Terwiesch, and Karl T. Ulrich. “The front end of the ideation stage is very important,” notes Girotra. “But companies are not as structured or as rigorous about this phase of the research and development process. Management tends to focus its attention on the later stages.” Those later stages are indeed critical — and expensive — but managers needn’t risk getting that far with a subpar idea. No matter how well conducted the back end of the innovation process may be, it cannot elevate a fundamentally low-quality idea. Read more →
It’s a mad, mad, mad, mad world on Wall Street these days, and unless you’ve been buried under a veritable avalanche of rock for the last several months, you’re undoubtedly painfully aware of just how much damage has been wrought in the equity markets.
To put that damage into perspective, let’s look at a few vital statistics. Over the 12-month period from October 10, 2007 to October 10, 2008, the S&P 500 index plunged 43%. Foreign markets, as measured by the EAFE Index, sank 48%. Investment interest rates on the 10-year Treasury note dropped from 4.65% to 3.86%. Real estate/housing prices were down 9% nationwide and 11% in Arizona. Oil prices surged 25%, while blue chip stalwarts like Ford and General Motors shares plummeted 76%, and 87%, respectively.
Widespread consolidation and outright bankruptcies amongst big financial firms like Countrywide, Bear Stearns, Merrill Lynch, and Lehman Brothers have effectively remapped the entire banking landscape. And of course, we have yet to begin assessing the aftereffects of the federal government’s trillion-dollar bailout package. Understandably, many investors are now wondering what to do and how they can stay ahead amidst this market descent.
So, what’s a savvy investor to do? Read more →
We can learn a great deal from organizations whose strong and adaptive ownership cultures give them a powerful competitive edge. Here are our top 10 lessons.
1. Leadership is critical in codifying and maintaining an organizational purpose, values, and vision. Leaders must set the example by living the elements of culture: values, behaviors, measures, and actions. Values are meaningless without the other elements.
2. Like anything worthwhile, culture is something in which you invest. An organization’s norms and values aren’t formed through speeches but through actions and team learning. Strong cultures have teeth. They are much more than slogans and empty promises. Some organizations choose to part ways with those who do not manage according to the values and behaviors that other employees embrace. Others accomplish the same objective more positively. Read more →
Business process management (BPM) is an approach to manage business based upon a process view or perpsective. Business and management have everything to do with enabling growth. The purpose of the BPM are to improve sales processes and delivery systems, reduce cost to better positioned in the market, facilitate rapid innovation and differentiation, provide higher quality products and reduce in defect-related complaints, and so forth.
According to IDS research, more than 80 percent of the companies are deeply committed to the concept of BPM. Increasing efficiency, reducing cost, and improving process effectiveness and innovation are the most important issues these days. They believe that optimization to enhance performance and cost reduction are the most important strategic objectives of BPM.
Companies have begun to look at BPM and its intended value, particularly to manage business processes in highly turbulent market. BPM offers business people a common language and view into how things are done and can be done effectively. Innovative companies do this all the time. If you want to focus on a specific technology there are several software vendors that are more than capable at helping you implement BPM. One of them is ActiveVOS from Active Endpoints. Read more →
The use of credit card originated in the US during 1920s when individual companies began issuing them to their customers for purchases at company stores in different places. This use increased significantly after WW II when veterans returned and looked for the chance to travel for business and pleasure.
Diners Club, Inc. has introduced the first general purpose credit card in 1950 that could be used at a variety of stores and business. They charged cardholders an annual fee and billed them for their charges periodically. Another major card was established in 1958 by the American Express company.
Later came the bank credit card system which was introduced by the Bank of America in California. The bank credits the account of the merchant as sales slips are received and assembles charges to be billed to the cardholder at the end of billing period, including interest and charges. The system was licensed in other states starting in 1966 and was renamed Visa in 1976. MasterCard has introduced their own bank cards a few years later. Read more →
One day, a plain-looking man came with a pretty-looking OL (Office Lady) to the LV store in Causeway Bay ( Hong Kong Island ). He chose an LV bag worth HKD 65,000 for the OL.
When it came time to pay, the man took out a checkbook and wrote out a check. The salesperson was hesitant because the couple hadn’t shopped there before.
The man discerned what the salesperson was thinking and he said calmly: “I sense that you are concerned that this check may bounce, right? Today is Saturday and the banks are closed. Let me suggest that I leave the check and the handbag here. When the check clears on Monday, you can deliver the handbag to this lady. How about that?” Read more →
Pitch In and Assist Others
We each have our own job to do, but there may be moments when we can take the time to help others who are very busy or in need of our support in any way. Look for opportunities to lend a hand. Maybe you have a special talent or skill others need. Even if you don’t, a helping hand is always appreciated.
Reach Out to Quiet or New Teammates or Co-Workers
In any group there are people who are more reticent than others. If group members don’t engage such people, it becomes even more difficult for them to open up and become part of the team. Look for opportunities to make these people feel included. Converse with them and seek their opinions. Invite them to join you for lunch or a coffee break. Ask them about their experiences. Find out what they need to be a part of the group and contribute to its success. Help them get to know you and others in the group. Read more →
