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Sep30
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Margaret Thatcher Business Leaders, Empowering Women, Great Leaders, Great Women, Inspirational Women, Motivational Women, Powerful Women, small business, Strong Woman Leader, Successful Women, Women Business Leaders, Women Business Owners, Women Leaders
No twentieth-century British Prime Minister ever came closer to assassination. At an annual Conservative Party conference in Brighton, 1984, the Irish Republican Army attempted to assassinate Margaret Thatcher and her cabinet by bombing her hotel.
While Thatcher obviously survived without injury, some of her closest colleagues were either injured or dead. It came so close to killing her that the adjoining room suffered severe damage. Of course most of us won't be faced with this type of opposition and hatred, yet it does speak to keeping our resolve when facing difficult circumstances.
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Sep29
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"Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folklore and superstition, and of cooperation for force."The three things Drucker lists: thought, knowledge and cooperation, are as important now as they were...
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Sep28
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When I heard the story about Tania Head from my colleague at bizofknowledge.com, Bill Belew, concerning her unbelievable assertions about her alleged experiences as a survivor of 9/11, which now look like they were completely fabricated, it makes you ask...
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"Competitors have tried and failed to copy us because they cannot copy our people."There are a couple of things to take into account when listening to Kelleher's comments, because anybody can and does repeat this mantra one way or another;...
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When I heard that singer Ryan Adams threw another tantrum at a Minneapolis show, some of the responses by his band member made me think of business leaders and listening to their people.For example, guitarist Neal Casal said about the...
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Sep27
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Fox News executive vice president Kevin Magee announced that Alexis Glick will be the Vice President of Business News for the new Fox Business Network (NWS-A). Glick will be responsible for the entirety of the business programming, working with Neil...
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"Do they love the business, or do they love the money? This is the first filter."Warren Buffett said the above comment when asked what it is he looked for when examining a management team. We have to remember with Buffett...
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Sep26
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"Jobs succeeded because ... when he saw an opportunity, he was single-minded in his focus and in his desire to take advantage of it." ~ Seth GodinA great business leader, like Steve Jobs, will have a type of single-mindedness when...
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When Mattel's (MAT) executive vice-president of worldwide operations, Thomas Debrowski, apologized to the head of China's quality control agency Li Changjiang for the massive amount of toy recalls, it drew a lot of criticism for those not familiar with the...
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“Our Company was begun with only one objective.”The one constant factor involved in any business, is that we can count on the need to change as being a way of life for us.A problem that can arise from that is...
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Sep25
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While the expected protest from the largely mom-and-pop retail businesses in India concerning Wal-Mart (WMT) partnering with Bharti to grow out the retail business has made some noise, but overall, many people in India are glad to have the venture...
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"We want to change the competitive landscape by being not just better than our competitors, but by taking quality to a whole new level. We want to make our quality so special, so valuable to our customers, so important to...
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Sep24
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One time Chuck Feeney was listed as the 23rd richest American by Forbes in 1988, bypassing Donald Trump and Rupert Murdoch, among many others. The problem was it was a complete miss by Forbes.The reality was Feeney had transferred his wealth...
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Donald Trump is about to form a new partnership with Jerry Powers, Chairman of Ocean Drive Magazine, to start his luxury magazine up again under the last name he used: Trump Magazine.The magazine has gone through a number of names,...
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With the release of the Forbes 400 list of richest Americans recently, and those on it needing $1.3 billion net worth to even be on it, it underscores the rise of the rich in the global economy.Citing the Cap Gemini...
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A year ago rock star Bono and Elevation Partners bought a 40 percent stake in the Forbes family media empire, shocking and catching many in the industry off guard. Now they've been going leaner by selling their headquarters, helicopters and...
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In spite of good progress and difficult issues being honestly worked on, the United Auto Workers walked off their jobs at General Motors Corp. (GM), calling a strike.Burnham Securities analyst David Healy estimates for every week of the strike, it...
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Sep23
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I talked on another blog about the serious accident John Force suffered while racing in the Funny Car competition against Kenny Bernstein Sunday. You can see a video of the accident below.Top Fuel winner Larry Dixon had this to say...
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Miami International Airport has one of the poorest records of customer service among the largest airports in the country. When you consider the view of consumers for the overall industry, that's saying a lot. The airport served over 32 million...
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Margaret Thatcher wasn't afraid to take the lead!The mess that was Britain's economic condition when Thatcher came into power was extraoridinary. Thatcher focused on creating far better free market conditions as one of her key goals.With the British economy improving...
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News Corp. (NWS-A) has been aggressive lately, taking shots at their TV competitor CNBC in connection to their upcoming launch of their Fox Business channel. Now they're moving those shots against another competitor, the Financial Times. Speaking in Scotland, News...
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Sep22
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"Every Enterprise is a Learning and Teaching Organization."The concept and idea that a business needs to be a learning organization is nothing new of course, but from recent data, it looks like many businesses are falling short in this vital...
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"Coaching has to emanate from the heart rather than the head because people readily recognize the difference between the two."The reason this is so important to business leaders, as Kelleher says, is because they will respond to coaching someone believes...
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Sep21
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The Consumer Product Safety Commission announced Friday that approximately 1 million Simplicity and Graco cribs have been recalled, after two children became trapped and suffocated. Seven other children have also been trapped in the cribs, but survived.All cribs recalled were...
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"Getting on the Right Train"When talking about "getting on the right train," Warren Buffett was talking about moving in the right direction. He says while there is no course in a business school called "Getting on the Right Train," in...
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With the focus on external threats like global competition, worker shortages and lack of highly skilled younger workers, a lot of companies are neglecting their own people as the answer to a lot of their problems.The real problem, according to...
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Sep20
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The Forbes 400 Richest Americans list reveals that if you don't have a least $1.3 billion, you're only a billionaire wimp, as that's what it took to make the list this year. Last year $1 billion got you on the...
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The popular syndicated host Dave Ramsey has been recruited by News Corp. (NWS-A) to be the latest addition to their Fox Business Network, being named a primetime host.Kevin Magee, Executive Vice President, FOX News, said in an announcement, "Dave Ramsey...
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The move by the Canadian dollar today, which caused it to be on par with the U.S. dollar, was the first time it's happened since 1976. Canada's dollar surpassed the U.S. dollar at 4:16 p.m. EST. It rose to $1.0008...
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Sep19
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Rupert Murdoch has been all over the media doing some surgery on his chief competitor in the TV business space: CNBC (GE).Some of the things he's said so far about the Fox Business Network are it will be more "business...
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Many colleagues describe Jobs as a brilliant man who can be a great motivater and positively charming. At the same time his drive for perfection is so strong that employees who do not meet his demands are faced with blistering...
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The growing problem of flight delays in the U.S. has created a great business opportunity that was waiting to be filled. DayJet has seen the need and is moving to take care of it, as they're about to start a...
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Sep18
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It no longer matters what Hillary Rodham Clinton outlines in her health plan, the fact that she's believes all health care in the country must be mandated, is an another attack on our freedoms. It's despicable at the least.Her vision?...
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USA Today has made the decision to extend its brand beyond the world of newspapers and Internet journalism, as it announced its about to open up its first USA Today store in Laguardia Airport in New York.According to publisher Craig...
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Rupert Murdoch began his assault on CNBC especially, a while back, hinting his new Fox Business Network would be more "business friendly." Murdoch continued his differentiation tactics, saying "CNBC dwells too much on failures, politics." In contrast he says the...
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The incident involving goofball Andrew Meyer that's getting him the attention he's evidently been seeking for a long time, underscores some of the dangers we all face in the new citizen journalism world.For example, there isn't much difference anymore between...
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While many assumed the FED would probably cut rates today, it wasn't a for sure thing, so business leaders and the market gave a sigh of relief as the FED cut the benchmark rate by 50 basis points, causing the...
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Sep17
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General Electric (GE) is exploring new avenues in India to provide logistic support for the growing retail network across the country.Specific partners they're looking to hook up with are Bharti-Wal-Mart (WMT) and Reliance Retail. When asked about the potential deals,...
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In News Corp.'s (NWS-A) annual report, Rupert Murdoch revealed some of his thinking behind why he was willing to pay $5 billion for Dow Jones & Co. (DJ).It's not surprising that his key purpose was the converging of media platforms...
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I began asking myself, "Why are you theorizing about a dream company? Why don’t you just start one?"Mary Kay understood that there was a huge difference between theory and being practical. One of the biggest roadblocks to success are going...
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When Wal-Mart announced they were changing their tagline for the first time in 19 years, they decided to show the tremendous savings and impact they're having on American families. This is a great move on their part, as for some...
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Just like retired armchair quarterback Generals, Alan Greenspan needs to quietly go away. The release of his book "Age of Turbulence: Adventures in a New World," has already generated a lot of interest by bashing President Bush. While he has...
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Sep16
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Welch's 21 Steps to Management Greatness - 21 Be Number 1 or Number 2"When you're number four or five in a market, when number one sneezes, you get pneumonia. When you're number one, you control your destiny. The number fours...
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Margaret Thatcher had a rough ride as Education Minister.Long before Margaret Thatcher was a household name around the world, she was the British "Education Minister" during a very tough historical time.I bring it up to show a couple different types...
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Kroger's customers appreciate the company's quiet foray into the personal finance market, as their three-year-old strategy has been growing strongly.Three years ago, the largest regular grocery chain the U.S. started their personal finance business by offering a Kroger (KR) credit...
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On the heels of setting up a $2 million fund to help the family find their daughter Madeleine McCann, Richard Branson has now pledged another $200,000 to help the McCanns clear their name. Branson, the chairman of Virgin Group, said...
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Sep15
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"Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window."When Drucker talks about this, it brings to mind what type of business a company is....
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Yesterday we talked about the run on Northern Rock bank in England, as customers flocked to the physical banks as well as online to draw out their money. The online traffic was so heavy the computer system crashed, prompting customers...
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While there is no longer a official contract between the UAW and General Motors (GM), the parties agreed to keep negotiations going forward on an hourly basis, although there is not a formal agreement in place to extend the contract.This...
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Sep14
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Britain's eight-largest bank, Northern Rock, was set upon by customers, as news the company had been forced to seek the help of the Bank of England to infuse it with more cash initiated the run.To make matters worse, the computer...
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The new lesbian-themed pictures online of Vanessa Hudgens reveals there is basically no management team in place for her. Does anybody seriously want to turn her into the next Lindsay Lohan, Britney Spears or Paris Hilton? There's no future for...
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"Those who exercise leadership will be rewarded."Leadership isn't a title, it's something that's done. Those are the first thoughts that came to my mind when reading this quote from Herb Kelleher.Rewards should be connected from those actually exercising leadership, title...
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With sales in the home market continually dropping, Hovnanian Enterprises Inc. has launched a three-day nationwide sale on all its properties starting today (Friday), and is calling it the "deal of the century."Some of the incentives include plasma TVs, huge...
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Sep13
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Herb Kelleher said one time, "Allow employees to do what they need to do to get the job done. Make the mission clear and hold the reins lightly."In the case of the couple of women being confronted on whether their...
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Firms focusing on leveraged buyouts have had their way this year as they reached their highest levels ever, initiating over $700 billion as of mid-August. Last year alone, GE made almost half its profits from its financial divisions.With the emerging...
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In response to the needs created by the Hurricane Katrina tragedy, Wal-Mart (WMT) started partnering with America's Second Harvest, a domestic relief organization in 2005. Since that time Wal-Mart has helped raise $15 million for the organization's food banks.America's Second...
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A great story of seeing a need and filling it!An amazing invention by a British man will allow any type of water to be drinkable within seconds.When Michael Pritchard watched disasters come, like Katrina in the U.S. and tsunami in...
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Sep12
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"There's no model that can quantify that added risk, but it's a risk that won't be captured looking at historical data."One of the differentiators Warren Buffett employs at Berkshire Hathaway (BRK-A) for its insurance businesses is writing a lot of...
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With the launch of the Fox Business Network a go for next month, and the speculation of whether they will land some of the existing anchors from rivals, News Corp. (NWS-A) is quietly assembling its anchor team.They announced Wednesday that they are...
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With Liz Claman leaving CNBC and waiting for her noncompete clause to end with the company, which coincides with the launch of the new Fox business channel, it looks like she'll be part of the new channel. Depending on who...
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Bill Gross, who manages the $104 billion Pimco Total Return Fund, the largest bond fund in the world, says while saying there will be a recession creates headlines, he believes the economy will grow at a 1-2 percent rate for...
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Sep11
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"Jobs has been criticized as America's roughest, toughest, most intimidating bosses."The vast majority of those workers willing to talk about Jobs confirm the above statement.What's fascinating about it is if you were to take someone from another industry or company,...
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About to launch a $300 million marketing campaign for its Web-based printing services, Hewlett-Packard (HPQ) announced its landed Walt Disney Co (DIS) executive Michael Mendenhall to lead its marketing division.Mendenhall ran the marketing for Disney's theme parks and resorts unit...
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While Wal-Mart (WMT) may not be the first destination consumers think of when getting the upcoming release of "Halo 3," that may be about to change, as the retail giant gears up for the inevitable run on the game. Xboxcircle.com...
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The story is getting out on not only the fact McDonalds (MCD) is offering coffee, but a high quality coffee at lower prices than Starbucks (SBUX). As a matter of fact, a number of customers of both companies say McDonald's...
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Sep10
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Anita Roddick, one of Britains most well known businesswoman, has died at the age of 64 after suffering a massive brain hemorrhage. Roddick was take to the hospital by her family after complaining of a sudden headache and collapsing at...
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In a major coup for the Eastman Kodak Company (EK), they announced they have entered into a deal with Wal-Mart (WMT) to sell inkjet printers at the retail giant.The Easy Share inkjet 5100 printers will be available at 2,600 Wal-Mart...
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The performance by Britney Spears was so bad at the VMAs, it makes you wonder why she even appeared. It would have been better if she hadn't.Getting away from simply doing the Britney bash thing, this was inexcusable from a...
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Citing health concerns, politicians are now trying to interfere with restaurants, thinking they can legislate health.The major tactic they're going to use is to ban new fast-food restaurants from certain areas of cities, or not allow new ones to be...
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An employee of McDonalds had to spend a night in jail and is now facing criminal charges for putting too much salt on a hamburger.The hamburger in question was served to a police officer who returned later saying it was...
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Never undercut your sales force When the Internet became an integral part of business, Mary Kay had to change with the times. One thing I really like that she did was to not get her sales force in an uproar when...
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Sep 9
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General Electric (GE) has signed a deal with China Aviation Industry Corp. I (AVIC I) to produce engines together for China's first commercial aircraft built domestically.The CF34-10A engine will be produced for the ARJ21-700 aircraft, with GE offering the technolical support...
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Charles Plosser, President of the Federal Reserve Bank of Philadelphia said the unexpected loss of jobs in the U.S. in August doesn't be itself mean interest rates will be lowered.Concerning a potential rate cut Plosser added: "We want to be...
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The foreclosure rate for mortgages increased to a new record for the three months ending June 30, according to a survey.Four states are the main culprits in foreclosures as Florida, Arizona, California and Nevada lead the way. For 34 states...
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It seems somebody within Wal-Mart is obsessed with being successful offering more trendy women's clothing than the store now sells.Wal-Mart (WMT) failed miserably in attempting to compete with their chief nemesis Target (TGT) in this area. Some even lost their...
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Welch's 21 Steps to Management Greatness - 20 Have FunThe idea of enjoying and having fun on the job isn't new; whether it's a manager or a regular worker. What is important is why we must create a business culture...
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Sep 8
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"In the short-term, painful measures were required."One of the unfortunate side effects of the focus on quarterly earnings by businesses is the pressure to make short-term decisions to placate shareholders. Privately held businesses are also prone to the same temptation,...
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"No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings."The reason Drucker says...
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Chairman of Starbucks (SBUX) Howard Schultz said on Friday that he believes there will be a shortage of gourmet coffee beans worldwide, as people increasingly develop the taste for the beverage.He adds this shortage will favor Starbucks over the long...
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Wal-Mart (WMT) has been working hard to get suppliers to join the move to deliver their goods with RFID chips. With the consumer goods and food industry notorious for slim margins, the vast majority have been slow to adopt the...
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Sep 7
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The U.S. dollar slid to its lowest level against major currencies in 15 years on Friday. After an announcement by the government that the economy had dropped 4,000 net jobs last month, the first time since August 2003 the job...
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A small shareholder in the News Corp. (NWS-A) business has succeeded in getting his personal agenda in the next shareholders meeting. He has a petition in place to recommend that shareholders vote down the existing two-tier voting structure that makes...
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Consumers continue to cut back their spending on big ticke items, as Harley-Davidson said it's lowering its earnings expectations for the year, and is going to cut back on bike shipments. The announcement generated an eight percent drop in its...
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The subprime fallout for Countrywide Financial Corporation (CFC) as it relates to the company revealed in the annuonced plan by the company Friday.The company estimates that they'll have to reduce their workforce between 10,000 to 12,000 over the next three...
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Sep 6
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We must stand by each other in times of need.The idea of needing to stand together as a group of workers isn't as easy as it sounds from the statement by Kelleher, because it's not something that can be simply...
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Look where others aren't lookingOne major problem businesses and business leaders have is in the area of the press and media coverage of popular topics that drive viewership or visiting of web sites.It can be tempting to assume because there's...
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I've talked on the unfortunate Vanessa Hudgens story on a couple of my other blogs on how it will impact her as a brand and some things we need to do to protect ourselves or our company.The best thing we...
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ConAgra Foods, is the largest microwave popcorn make in the United States. In response to concerns about a flavoring chemical they use in their microwave popcorn, they're dropping the chemical diacetyl as an ingredient used in flavoring.Diacetyl has been identified...
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After Costco Wholesale Corp. (COST) announced poor sales yesterday, many thought Wal-Mart would suffer the same fate, based on recent struggles in same-store sales and the declining housing market.That wasn't to be though, as Wal-Mart Stores Inc. (WMT) reported much...
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Sep 5
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"Keep in touch with the intended customers and avoid the pitfall of anerobic isolation; do not assume that the customers will pay any price to secure the lastest computer technology; ease the way for customers to adopt a new standard...
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The idea behind Mary Kay Cosmetics might not have been the most original or creative; after all, Ash had worked for numerous direct-sales companies in the past, and cosmetics were surely nothing new. However, what made Mary Kay Cosmetics the...
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Starbucks (SBUX) has been trying to brand itself beyond its coffee by including various forms of entertainment within the store. They may have taken a big step forward in that direction by securing a deal with Apple iTunes (AAPL) for...
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Wal-Mart (WMT) has chosen Margaret A. McKenna to run its Foundation, which last year gave over $270 million to charities.McKenna was president of Lesley University for 22 years, and grew the enrollment from 2,000 to almost 12,000 during her tenure....
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Welch's 21 Steps to Management Greatness - 19 Instill ConfidenceJack Welch believed the prescription for winning in business was speed, simplicity and self-confidence. He considered the foundation of those three the creating of a confident workforce, where simplicity - and...
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Sep 4
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Southwest Airlines (LUV) raised its ticket prices on one-way fares by up to $10 dollars over the weekend, saying the higher cost of fuel was the reason.Fares for shorter hauls increased at $1, $3 and $5, depending on the market,...
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With all the problems and coverage concerning the mortgage markets and how it could affect the availability of credit; not only for consumers, but for businesses as well, it's a good time to assess our situations and take inventory of...
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"In her mid-twenties she ran as the Conservative candidate for the strong Labour seat of Dartford at the General Elections of 1950 and 1951, winning national publicity as the youngest woman candidate in the country. She lost both times, but...
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In a bid to extend its reach and increase online visitors, The Wall Street Journal Online (DJ) is changing its StartupJournal.com section of the site to reach a broader slice of the small business marketplace. The name will also be...
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Millionaire entrepreneur Steve Fossett is missing after taking off from a private airstrip in western Nevada Monday. Fossett is an adverturer who became the first person to circle the world solo in a balloon, beating out one of his chief...
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Sep 3
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"Quality in a product or service is not what the supplier puts in. It is what the customer gets out and is willing to pay for."Drucker's insight here is fascinating to me. The vast majority of us believe quality is...
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Sep 2
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"Make the business an adventure."Can you imagine a customer or worker coming to work or interacting with you business considering every time they do it an adventure? The idea of this relates to creating the type of experience that is...
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“I will not abandon a previous approach whose logic I understand (although I find it difficult to apply) even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not...
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As worldwide energy demand grows and an aging population retires, it has created a demand for petroleum engineers that won't be able to be met over the next several years.The job of a petroleum engineer is to "evaluate potential oil...
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A post at slowleadership by Matthew Myers talks about business leaders leaving work at noon. The point he's making is if we had less time, we would be disciplined to work on the things that make the greatest impact. He...
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"I'm gonna see it! I want it to be as beautiful as possible, even if it's inside the box. A great carpenter isn't going to use lousy wood for the back of a cabinet, even though nobody's going to see...
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Sep 1
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“Dare to grow into your dreams and claim this as your motto: Let it be me.”To me Mary Kay Ash hits upon an important secret in business leadership in saying our motto should be: "Let it be me."Why it's important,...
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Forbes' annual "100 Most Powerful Women" list had PepsiCo CEO Indra K. Nooyi listed in the number five position, and the top female executive on the list. In February 2007, Nooyi also became chairman of the company. Nooyi, who was...
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Welch's 21 Steps to Management Greatness - 18 Stretch targets energize."We have found that by reaching for what appears to be the impossible, we often actually do the impossible; and even when we don't quite make it, we inevitably wind...
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