Seize Advantage in a Downturn from The Harvard Business Review
Inaction is the riskiest response to the uncertainties of an economic crisis. But rash or scattershot action can be nearly as damaging. Rising anxiety (how much worse are things likely to get? how long is this going to last?) and the growing pressure to do something often produces a variety of uncoordinated moves that target the wrong problem or overshoot the right one. A disorganized response can also generate a sense of panic in an organization. And that will distract people from seeing something crucially important: the hidden but significant opportunities nestled among the bad economic news. More
Green Your Data Center, Save Money from Enterprise Management Quarterly There is no doubt in anyone’s mind that we are living in challenging economic times. A recession has spread around the globe, and it affects the way businesses run. It not only puts a squeeze on their present budget but also puts a squeeze on future projects. What if those projects can not only save money for your business right now, but also continue to save you money year after year. Greening your data center will yield immediate cost savings. More
How to Inspire Workers in Tough Times from BusinessWeek Despite living through possibly the worst economic recession since the Great Depression, some offices may still be filled with truly motivated people - energetic, driven, ambitious, hard-working, competitive. These are just the sort of traits needed to turn a company around. But most CEOs these days are struggling to figure out how to deal with downsized workforces populated with employees who suffer from a long list of a very different variety of social characteristics. Among them: dread, apathy, passivity, carelessness, and possibly even resentment. More
2009 Tax-Planning Calendar from Forbes Tax and financial planning are activities best pursued year-round. Although the timing of some activities is critical, you should review all tax considerations from the perspective of your specific needs and establish an individualized planning calendar. If the last day for filing a return, paying tax or performing other activities falls on a Saturday, Sunday or legal holiday (in the District of Columbia), you have until the next day that is not a Saturday, Sunday or legal holiday to perform that act. Use the following list to remind yourself of important activities and dates. More
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E-mail Marketing: Keep Your Eyes on the Prize from Entrepreneur Uniformly, entrepreneurs want to understand how their marketing impacts their customers, and their first rule is to do no harm. Below are four tips on how to protect your customer relationships, increase your customer base, create a feedback loop and avoid over-communication. Following these suggestions will help ensure that your marketing will be welcome, thereby forging a stronger relationship with your customers. More
Idea: Zero-Base Budgeting from The Economist Once upon a time a business’s annual budget was drawn up on the basis of the previous year’s budget. To each item that appeared last year, managers would add a certain percentage. The percentage would be determined more or less arbitrarily, although it would probably be related in some indeterminate way to the rate of inflation, the company’s overall strategy and the manager’s frame of mind that day. For many years it was acknowledged that this was not an ideal way to allocate a company’s scarce financial resources. But nobody came up with anything better until Peter Pyhrr, a manager at Texas Instruments in Dallas, developed the idea of zero-base budgeting. More
Six Tools to Help Tackle Overflowing E-mail from Fast Company Cheers. Literally, cheers. When the author speaks at companies like Cisco and implore employees to find email alternatives, they erupt. That's how much corporate America hates email. We're drowning in it. The average worker receives 200 a day, according to the research firm Basex. What's worse, there's a lot of important stuff trapped in those messages, but if you're armed only with Microsoft Outlook, which treats all messages the same, good luck plucking out the pearls. More
Is Cloud Computing for You? from Inc. A lot of people are talking about cloud computing these days. It's a fuzzy term that's somewhat easier to understand only if you know that cloud is a word techies use to refer to the Internet. Cloud computing works like this: Instead of buying, installing, and managing your own servers to run applications, you rent server time from Microsoft, Amazon, Google, or another company. Then, you manage the servers over the Internet while paying only for the processing and storage you actually use. More
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