The Importance of Physical Systems (i.e. Work Space Matters)

The Importance of Physical Systems (i.e. Work Space Matters)

Every new boss should realize that physical systems count, big time! A few years ago, the world celebrated the 50th anniversary of the discovery of the office cubicle, of which corporate America seems to have a love-hate relationship. Is a...
Repair or Replace? (Practice Problem #6)

Repair or Replace? (Practice Problem #6)

There are many typical Net Present Value (NPV) problems. One is the “repair or replace” scenario. Here is a fictitious example. Good Ol’ Amalgamated (GOA) of Arizona has an aging fleet of 1-ton trucks which are eating up profits because of high maintenance,...
Effects of Price Controls

Effects of Price Controls

FROM THE PRACTITIONERS NOTEBOOK: In efficient markets, prices are set by willing buyers and willing sellers agreeing on the price. This is the intersection of the sellers’ supply curve and buyers’ demand curve to arrive at a market clearing price. The supply curve is...
#National Author’s Day

#National Author’s Day

It’s National Author’s Day.  Did you know there was a day devoted to honoring all the authors out there?  Neither did I…until recently. So, in honor of National Author’s Day, I thought we should spotlight our “resident author” and...
Communicating Strategy

Communicating Strategy

Many years ago I sat down next to a Southwest Airline baggage handler on a SWA flight from Phoenix to Los Angeles. I asked him when would SWA open up Honolulu (this was the days before 737s we approved for that route) so I could go somewhere fun with all my frequent...
What Should You Do with Spare Inventory?

What Should You Do with Spare Inventory?

A BizBucks Reminder. An old axiom of years gone by, says: use it up, wear it out, make it do, or do without. The modern business version of this comes from the world of logistics: 1. Use inventory rather than buying new. No cash outflow. 2. Even use more expensive...