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Choose the right products and services to offer

Have you thought about opportunity cost as it relates to the products and services you offer within your business? It takes a certain amount of resources (time, money, effort, etc.) to pursue a given product or service, and it is imperative for businesses to choose the products and services that are most likely to guarantee success. Full Article.      Similar Article.

 

New LA business laws take effect August 15

Hundreds of new laws will go into effect on August 15 .To review all bills going into effect Aug 15, plus for the remainder of 2010, follow this link and choose the option titled Effective Dates of Acts.

 

Good riddance to Imperial CEOs

Members of the C-suite—the CEOs, CFOs, and other chiefs who only focus on financial results run the risk of appearing unapproachable and more consumed with dividends and returns on investment than with the development and performance of their employees. This translates into the risk of being so out of touch with people they lead that they learn about bad news only when it’s too late to do anything about it. Savvy leaders understand that they need to demonstrate that they value their employees, a focus that will better serve their efforts to create and maintain a viable, effective organization. Full ArticleSimilar Article.

 

Alternative exit strategies for business owners

For those looking to sell a company, it's time to get creative. If a traditional strategy isn’t working, there are several alternative exit strategies business owners may want to consider. Full Article

 

Determine your company's worth

Before you can sell your business, merge with or acquire another company, or take on investors, you need to know how much your business is worth. However, finding your company's value takes more than multiplying your current cash flow by a number of years and projecting that forward. Besides the many hard numbers you have to tally, things get really sticky when you measure intangibles such as intellectual property or the creativity of your staff. Full Article.  

 

Brand management in the age of Social Media

Today, formal market research needs to be paired with attentive listening; participation in social media is now both de rigueur and high-stakes, and constituents who before trusted only close friends to help them make decisions now have a huge, portable social network they can call on for round-the-clock consultation. Ways businesses can succeed in this endeavor include crafting an irreducible core message, and evolving an approach to visual brand expression that will hold up across different media. Full Article

 

Five ways Pixar makes better decisions

Organizations with good judgment have a number of typical attributes such senior executives who understand that they don't have a monopoly on knowledge and judgment and involve multiple people in decision processes. Other attributes include using a process for “postmortems” on major aspects of completed programs, and getting feedback from others. Full Article.  

 

Darwin at Work: Survival of the fittest companies

When you consider all the once-popular products and brands and once-mighty companies that no longer exist and companies that are giants today but were mere embryos a decade or two ago, you realize that many laws of nature also apply to business. To be successful in business, we need to understand a few concepts such as natural selection, artificial selection and conservation. Change is in the nature of progress. In order to survive, you must anticipate change, manage change and master change. Full Article.

 

Become a Better Manager

Bad bosses aren't good for anyone's health. Remember that and you're likely to become a better manager; deny its wisdom and you're likely to fail. Today's managers must be self-aware, observant, and understanding. Traits good managers possess include sharing knowledge, praising star workers, and scheduling meetings only when necessary. Full Article. Similar Article.

 

Tips for Managing Gen Y

Most Gen Ys are as well mannered and easy to work with as their baby boomer forebears. And even the most exasperating ones probably have good qualities that make up for the bad. Businessweek offers a series of tips for managing Gen Y employees. View SlideshowSimilar Article

 
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