RIM Provides 9 Lessons in Best Turnaround Strategies
Jan. 23, 2012 RIM, Research in Motion, needs more than just advertising and marketing strategies. Companies – from big to small – can learn business turnaround lessons from RIM’s predicament. RIM has failed to respond to marketplace changes. Despite installing a new CEO, Thorsten Heins, and hiring a vaunted crisis management firm, Sitrick and [...]
[Read more...]9 Dos and Don’ts for Best Decision-making
Here are nine tips – dos and don’ts for best decision-making. They’re applicable whether you have difficulty making the best decisions, engage in self doubt after making one, or are gun shy because some of your decisions have failed you. To err is human. Businesspeople have been known to make unproductive decisions even after [...]
[Read more...]Understanding Customers: Social Media Teaches Another Lesson
Dec. 30, 2011 Marketing is the understanding of your customer for the cost-effective process of selling the right product or service at the right time and at the right price. Inexplicably, Verizon joins the list of big companies failing to understand how poor research and judgment would draw fire from their customers and social media. You might [...]
[Read more...]Think About 9 Key Questions Before You Form a Partnership
Sure, there good reasons to partner in business. A business has more flexibility with more than one owner. Too, it can help a business to accelerate its growth to have two or more partners. But it can also be a hindrance, especially then there isn’t unanimity on business issues. If you find someone with [...]
[Read more...]10 Basic Tips — Leadership For Business Profit
Dec. 21, 2011 In the new economy – a former Great Recession that seems to linger and linger – companies will succeed by being a leader in generating capital. Unfortunately, this economy has become a zero sum game for many businesses. They stay alive by taking market share from their competitors, not by innovating. At some [...]
[Read more...]Football Lessons For Growth – 9 Steps For Strategic Alliance Success
En route to the first two Super Bowl wins in the 1960s, I recall three factors about Vince Lombardi’s Green Bay Packers – they were intense, skilled and balanced. A fourth factor – they kept it simple. Even as a kid watching them on TV, I could almost anticipate most of their plays depending [...]
[Read more...]Lagging Profits? Year-End Is Ideal For Reflection, Planning
Dec. 15, 2011 Year-end is a perfect time for reflection and planning for your business. Don’t be distracted from improving your business because of all the negative news: RealtyTrac reports homeowners from Seattle to Sarasota face another round of foreclosures. Nearly 50 percent of Americans are either characterized as low income or in poverty. U.S. business expects [...]
[Read more...]Overcoming Obstacles for Business Turnaround — 13 Steps
For a successful turnaround of financially troubled businesses, there are usually two obstacles to overcome. They include the ego of the business owner or CEO, and poor advice by the lawyers. It’s difficult for a business owner or CEO to accept the need for a turnaround specialist. Most often, they’re in denial about the [...]
[Read more...]Small Business Options for Year-End Cash Flow, Tax Benefits
Dec. 2, 2011 December is the month for small business owners to reflect on options for year-end cash flow and tax benefits. In general, here are items to discuss with your accountant and tax advisor: Your first concern should be to reduce your tax obligation next April. Unless you already know you have too many [...]
[Read more...]Public Relations Expert Provides Crisis Management Tips
Dec. 16, 2011 Appearances count. But universities, presidential candidates and businesses have all demonstrated a lack of awareness about good public relations. Given their significant status, we would expect them to exhibit world-class PR expertise in their crises. But that’s not the case. Best practices in crisis management have been practically non-existent. Consider these [...]
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