Thomas Maskell is a ceramic engineer and MBA who
provides consulting services to large and small ceramic companies. He is also
the author of The Complete Guide to Investing During
Retirement, and can be reached at (330) 757-0501 or refractories@aol.com.
If your company is experiencing hard times, remember this simple axiom: profits grow the business while negative cash flows bankrupt it. When you are in survival mode, cash is king and profits are secondary.
A manager has
three basic tasks: planning, organizing and controlling. It is through these
three activities that the manager directs his business or function.
The
phrase thinking outside the box has always intrigued me.
It’s catchy, but what does it mean? What is this box that we are supposed to
think outside of?