Tuesday, September 23, 2008

business_gps Have you ever been lost or unsure of which direction to take? In today's technologically savvy world, we are less likely to find ourselves in this situation. We have cellular phones on which we can call and ask for directions or log on to the Internet and look up our destination on a map. Many vehicles are now equipped with a Global Positioning System (GPS) that takes the guesswork out of finding our destination. We simply enter the address of the place we want to go and follow the verbal prompts of the computer. If we fail to obey the prompts, the system will announce "recalculating" and begin to give us new directions. The only way it could get any easier is if the GPS would drive the vehicle for us.

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posted on Tuesday, September 23, 2008 1:16:34 PM (Central Standard Time, UTC-06:00)  #    Comments
 Tuesday, August 26, 2008

high_temperature Most of us do not take our temperature on a regular basis and in fact, some people never take their temperature. Why would we? We just assume that if we are feeling fine that our temperature must be within the normal range. Although we may not feel the need to monitor our temperature, it is one of the first measurements taken during a visit to the doctor. Why? Because an abnormal reading is a quick indicator that something is wrong. This is true for humans and for their pets. Recently, for example, I noticed some changes in my cat. First, she lost some weight. This seemed like a good thing to me since, like many indoor cats, she was overweight anyway. Then I began to notice she was meowing more loudly and frequently. Well, she has always seemed fond of the sound of her own voice so… But then she lost more weight and our family decided a trip to the veterinarian was a good idea.

What do you think was the first thing the doctor’s office did to my cat? That’s right, they took her temperature. Immediately they knew something was wrong as it was quite a bit higher than normal for a cat. The doctor soon discovered that my cat had an infection.

At this point you may be wondering “what does this have to do with my company?” A lot. Just like I want my pet to be healthy, we all want our companies to be healthy. But in determining whether our companies are healthy we don’t always gather enough information or focus on the right information. I initially made this mistake with my cat. I thought, “She doesn’t act sick.” She was still grooming herself and demanding a lot of attention. But I was focusing on the wrong information. I did not take notice of the fact that she was shedding a lot more than usual, for example. In like fashion, we may focus on our companies profits for the last three or four quarters but not look at other indicators of business health. Peter F. Drucker, in his book Management Challenges for the 21st Century, stated that success “comes to those who know themselves - their strengths, their values, and how they best perform.” This is true for both individuals and companies.

posted on Tuesday, August 26, 2008 10:13:23 AM (Central Standard Time, UTC-06:00)  #    Comments
 Wednesday, May 21, 2008

Nervous Wreck Why aren’t your employees as happy as they were a few years ago?

The economy can certainly explain why many employees are feeling a bit jittery on the job. Gasoline prices are leaving Americans light-headed, food prices are causing cases of sticker shock, home prices are falling at the fastest rate in 30 years, and a credit crisis is rattling Wall Street.

posted on Wednesday, May 21, 2008 2:17:49 PM (Central Standard Time, UTC-06:00)  #    Comments
 Monday, February 25, 2008

Question-Mark-man Since first joining the National Business Research Institute as a Marketing Analyst in May of 2007, I have been hard at work trying to learn and understand the entire survey process in order to better know how to present and promote the industry (and of course NBRI, itself).

Conducting a survey can seem like a very daunting process, but It is not as complex as you might think. Don’t take that the wrong way. Conducting a survey is a science. It follows the old computer adage, garbage in - garbage out. If you do not conduct your survey in a strictly scientific manner you can end up with a lot of useless data and wasted months of work. Worse yet, you could create action plans based on that data and do more harm than good. However, the basic structure of a survey is easily understood.

posted on Monday, February 25, 2008 3:07:53 PM (Central Standard Time, UTC-06:00)  #    Comments
 Monday, February 18, 2008

There are many costs involved in doing business. One of these costs is turnover. When employees leave the organization, they represent investments that are no longer reaping dividends.

Turnover involves separation costs including:

  • the costs incurred for exit interviews, and
  • administrative functions related to the employee’s exit.

Replacement costs include:

  • the costs of attracting new applicants,
  • entrance interviews, testing,
  • travel/moving expenses,
  • preemployment administrative expenses,
  • medical exams,
  • acquisition and dissemination of information, and
  • training costs.
posted on Monday, February 18, 2008 3:51:31 PM (Central Standard Time, UTC-06:00)  #    Comments