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Are you measuring productivity?

Today’s WSJ article touting the leap in productivity is a good reminder that metrics based on unit inputs/outputs is a very valuable tool. Make sure that you’re not just measuring revenue, margins and profits … but measuring them against “unit” metrics like headcount and hours worked. If you watch those trends, you’ll gain much greater…

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Small Business Confidence Drops

Small businesses have become more pessimistic about the chance for economic recovery in the next six months, according to a survey by the National Federation of Independent Business. The indicator fell 1.3 points in July to 86.5. “Now they are expected to finance the new experiments of Congress and the president such as health care…

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How to budget your time

The Wall St. Journal sponsored a series of video interviews with executives to probe some of their “leadership lessons”. The 90 second monologue by Steve Ballmer, CEO of Microsoft about how he budgets his time is an interesting and unique approach to making sure that your meetings and tasks fit into an overall framework that…

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Leadership | The Fires You Want Are The Ones You Set

Create your own fires Fire has been around since before Prometheus stole it from Zeus and shared it with us mere mortals. We won’t revisit the penalty that Zeus bestowed but suffice it to say, Prometheus probably regretted his thievery. Are you spending your day putting out fires? It seems that most executives today are…

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More Help for Small Business?

The Obama Administration is considering additional assistance for struggling small businesses. A large part of the focus is on creating additional liquidity for small businesses. Among the ideas is a direct underwriting program to support loans to small business. You can read more about it here.

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Pay cuts increasing

Many of you have seen the drop in layoffs recently … but they’re increasingly accompanied by pay cuts. We’ve commented here before about the value of that approach for companies seeking to adjust to the Great Recession while doing everything possible to keep their best people. This Wall St. Journal article confirms this growing trend…

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Are banks encouraging bankruptcies?

Business Week’s recent article seems to think so. More than 100,000 companies—about one in every 270 American businesses—have landed in bankruptcy court since the downturn began 18 months ago, according to data compiled by Oklahoma City-based Jupiter eSources. One suggestion is that banks and creditors have little patience during this downturn for turnaround plans. Indeed,…

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