Budgeting. It's a word everyone is amiliar with. Everyone knows what a budget is, right? Yet how many actually make and stick to a solid monthly budget? The truth is that most people start out with the best of intentions, but an unexpected expense comes up and busts their budget....
Why do top managers, steeped in theories of good business strategy, still make bad decisions? While ignorance and hubris sometimes play a role, the brain itself - how one thinks - is also a culprit. This insight from behavioral economics helps explain why one doesn't always think rationally and how...
Insights from behavioral economics have been used to explain bad decision making in the business world, 2 and bad investment decision making in particular. Some private equity firms have successfully remodeled their investment processes to counteract the biases predicted by behavioral economics. This article aims to help rectify the omission...
As a brilliant and humanitarian idea, you can't beat Nicholas Negroponte's vision to create a $100 laptop for children in developing countries, which could be purchased and distributed by private or public benefactors. But despite a few early wins, governments have been slow in snapping up these...
Worst Sales Manager ContestA suggestion...I should think that the pedagogical value of these horror stories is rather obvious: "Don't do these things if you want to be an effective sales manager."-- GeoffreyYou win!This was the worst. Please email me with your snail-mail address so that I can send you...
Here's a great post from Harvard Business Online on what's wrong with how most companies implement balanced scorecards. Balanced scorecards measure a company's non-financial performance, which includes customer satisfaction, and its financial performance, such as sales. The problem is most companies don't know how to measure how their non-financial performance...
Training is an important determinant of Enterprise Resource Planning ERP benefits. Unfortunately there are many flaws in ERP training. This makes companies to think that ERP is not worth for the money. Some even conclude that ERP does not help in attaining the benefits as promised. If one is able...
This paper highlights a number of major problems in the operation of the primary issues market. In the authors view, the main one is the low survival rate of small businesses involved in initial public offerings. The policy of stimulating small firms' stock exchange listings should be re-evaluated. The emphasis...
Creating a vision is one of the most challenging tasks undertaken by a team or organization. "Vision" refers not to a few simple phrases, but rather the complete articulation of the future state -- the values, processes, structure, technology, job roles,
‘Pay for Performance’ PP is a strategic tool within the framework of compensation management that envisages the concept of incentives and pay driven by actual performance. It is a mechanism to motivate employees and define specific goals for them. It is based on certain assumptions which includes increasing payment ensures...
Modern day business challenges have brought to fore the compulsions of creating an innovative organization. It is imperative for organizations to build and nurture an atmosphere of innovation. At the same time, it is essential for the organization to measure its degree of innovation. However, the choice of the approach...
Change management was a significant leap forward and a noble attempt to improve the way we change organizations. But it has failed to achieve real benefits. Change management has both cultural and structural flaws. These flaws have produced negative consequences like increased cynicism, resistance and reinforcement of a top-down management....
Barack Obama decided to opt out of public financing for the general election because he can raise three or four times more cash on his own. In true Obama fashion, he wrapped this self-interested, and entirely rational, decision in saccharine self-righteousness. He did it because nasty conservative 527s are about...
OmniScan[R] MXE flaw detector offers eddy current EC and eddy current array ECA technologies used to detect surface and slight subsurface defects in metallic structures. Included MXE v2.0 software offers interface with step-by-step Wizard Assistance Menu that accelerates calibration and setup of application parameters. Alarm features offer flexible setup conditions,...
My father told me long ago that having a driver's license was a privilege and not a right and with that privilege came laws, and having motor vehicle insurance is one of those laws. I disagree with Kathryn van Roosendaal's (Readers' Forum, July 5) remarks that HB151 is flawed. Uninsured...
WASHINGTON -- The Pentagon is expected to announce today whether the Air Force will rebid a $35 billion contract to build new refueling tankers. Several lawmakers have been told the agency will decide how to move forward, after a government report found major flaws in the decision...
WASHINGTON AFP — Senator Richard Shelby said Wednesday that the Pentagon has decided to re-bid on an expedited schedule a 35 billion dollar Air Force contract for refueling aircraft that had been awarded to Northrop Grumman. "This is the best of all options," the Alabama senator said in...
By Mike Hall THE CAPITAL-JOURNAL A public opinion survey conducted on behalf of Joe-College.com was procedurally flawed in a number of ways, an attorney for The University of Kansas indicated Tuesday in the school's trademark infringement lawsuit against the T-shirt merchandiser. ...
By Mike Hall THE CAPITAL-JOURNAL A public opinion survey conducted on behalf of Joe-College.com was procedurally flawed in a number of ways, an attorney for The University of Kansas indicated Tuesday in the school's trademark infringement lawsuit against the T-shirt merchandiser. ...
SAN FRANCISCO AFP — Computer industry heavyweights are hustling to fix a flaw in the foundation of the Internet that would let hackers control traffic on the World Wide Web. Major software and hardware makers worked in secret for months to create a software "patch" released on Tuesday...
