Just as a car does not operate optimally if the steering, gears, timing, etc. are out of alignment, so too does a company not operate at top efficiency (profitability) if it is out of alignment. Every aspect of the company must be integrated properly and work in perfect alignment in order to generate maximum sustainable increase in productivity, profitability, valuation and bankability.
“When the bank asks for them. Otherwise, why bother? …It’s just a bunch of numbers on a page.” Those were the precise words of a small business CFO in response to my question as to how often he generated financial statements for his company. Prior to that, I had asked the CEO how often he…
In today’s business world, the greatest competitive advantage is derived by those organizations that can attract, develop and retain the right people at the right time and execute in an environment of accountability. Properly developed, your PIP ensures that: the Company Vision has been clearly defined and communicated management is in strategic alignment and there…
As I read the articles and reports of the Italian cruise ship disaster I feel for the families of travelers involved and I think back to my last cruise and our marveling over how they never even completed the safety briefing. Though we left from Venice, Italy, we were traveling on a recognized cruise line.…
Performance Management is a process that every member of your team must master. It requires consistent focus along with the fundamental management skills to ensure the process is efficient and effective. Every manager will be inclined to think ‘I could do it faster’, ‘I can do it better’, ‘I might as well just do it myself’,…
I recently completed the implementation of the Critical Factors Management System into a $4.5 million manufacturing company that had been operating at a loss for the past six months. As is usually the case, I cannot mention the name of the client but they are typical of many small businesses that are run by intelligent,…
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