Often companies believe that they can only dominate their market if they are the biggest players around, having the most money to invest or having the most customers - this is a myth. Most definitely being a big player with a lot of money to invest with a large sales team can be an advantage, and certainly a powerful positive, however it doesn't guarantee that you'll be the dominant player in any market. In this article I am going to look at...more
The stock market is a tough game to monitor with many players playing and large amounts of money at stake. Large volumes of securities are bought, sold and traded and not everyone is interested in playing by the rules. Many have more sinister plans in mind, such as cheating the game. One prominent example of cheating the system is known as naked short selling. It is illegal, but widely practiced. What is naked short selling?To understand naked...more
Most of us remember the dubious "doctor" in Huckleberry Finn who proclaims to have the cure for any malady. From the back of the crowd his shill would loudly proclaim that he himself had been healed by the magical elixir. Oh my, but the quantity of snake oil they sold before the townsfolk discovered they had been duped - and the doctor long gone. From the tone of many internet blogs it seems the same buyer's remorse is lingering in the "Packaged Application" world.Doing a search for the following search terms in Google brought up some staggering numbers: "ERP Horror Stories" - 43,000 search results; "SAP Horror Stories" - 87,000 search results; "CRM Horror Stories" - 42,000 search results.Before we get into the discussion of packaged applications let's take a step back and remember how these wonder cures manifested. In the late 1980's - (when disco was dying) manufacturing companies wanted to shape supply chain management and enterprise resource planning. In short, they wanted to encourage the concept of a "process in a box." (my quotes). Somehow over the last ten years the industry has forgotten that part about the need for the organizational "process" to change; and as we shall...more
Amid recent news reports that there continues to be an ongoing and substantial gap between the net worth of Whites and other racial groups, it is easy to be distracted and overwhelmed by the raw data.However, I am immediately reminded of a quote offered by an economic expert from the past..."There are lies, damned lies and statistics."Despite the...more
How many so-called "Get Rich Quick", "Make Money In 24 Hours" or the "Latest Break Thru Millionaire Money Making Secret" programs have you bought that promised all the wealth you could ever imagine.Just to be disappointed that it's the same old regurgitated useless stuff being peddled all over the Internet?Have you bought manual after manual about...more
There is no shortage of hype on the Internet. A start up business does not have to look far to find a "Guru" who will offer a miracle solution for the "getting found" dilemma that faces every on line business. Typically, this product or weekend seminar (where many more products can be expected to be pitched) virtually guarantees overnight success. This information is usually at a significant price premium over the same information found in an existing book.Okay, let's get a reality check here. Let's remove the on line component of this scenario and see how this advice applies in the offline world.Let's say you are looking to start a business and you hear that you can accomplish all your goals and be an overnight success by attending a pricey weekend seminar (or if your budget is small, you can still learn it all and succeed with the few hundred dollar CD version instead). Does this make any sense? While continuous learning is vital to growing your business, most off line business owners recognize that actions rather than miracle seminars will lead to success. They surely aren't apt to spend over and over again every time a new variation of this sure fire technique is launched....more
It's hardly surprising that so many companies are nowadays choosing to have training carried out at off-site training facilities rather than on their own premises. After all, in recent years there's been a steady increase in the amount of high tech...more
The paperless office has been talked about for a long time, yet never seems to even start to become a reality in almost any sector of business. Look around any office environment and you would be forgiven for thinking that the opposite of the...more
According to recent news articles, bankruptcies are at their highest level since October 2005, with an average of 5,945 filings per day during the month of March. Adding to this the fact that 663,000 Americans lost their jobs last month, indications...more
As a 34-year-old, born-and-bred New Yorker, as I read the details of Barack Obama's stimulus plan, many memories come to mind. A product of the NYC public school system, I have worked hard for my money, and according to government classifications am...more
It is difficult to know where to put your money these days to get the best returns, especially with the way the economy has suffered over recent months, pushing the Bank of England to make a string of cuts to its Base rate which have in turn been...more
Author: Gil TomsonBad credit history can be upsetting for you when you apply for personal loan but no need to lose heart and keep searching lenders or loan lending institutes. Yes, its true if you try hard you can find a lender providing you with...more