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It's easy to be pessimistic these days. With a prolonged black swan event, bitter political divisions, and fear-mongering and apocalyptic thinking in many quarters of society, you're certainly not alone if you feel optimistic about the direction the country is heading. However, for managers to fall into that mindset now would be a huge mistake, and one that could prove costly. fillip PowellHe is an economist at Indiana University and executive director of the Indiana Center for Business Research. chief executive officer About the Strategy Development Masterclass Series for Manufacturing CEOs. This program is being offered (again) free to our…

Developing leadership talent is never easy, but it has always been possible. Large companies like Merck, Edward Jones, PepsiCo, and Walmart have honed their brands, cultures, and bottom lines by becoming leadership talent factories. Lesser known companies like Fifth Third Bank, Gundersen Health, and KBR have similarly, but more quietly, built and sustained leadership development efforts from within to accumulate great leaders who are equipped to move forward as the business demands. Organizations with strong talent bases have long been a minority, but in recent years, leadership factories have become even rarer. In 2011, 18 percent of organizations worldwide reported…

Entering the European market presents a unique mix of opportunities and challenges for U.S. companies. As the business world becomes increasingly globalized and shrinks, entering Europe's diverse economies becomes more attractive. However, recent reports highlight that U.S. companies often face significant hurdles, with many taking up to six years after incorporation to set up their first European office and another 18 months to expand further across the continent. Entering these markets requires a nuanced understanding of different regulatory environments, cultural norms, and operational complexities that are significantly different from those in the U.S. A comprehensive roadmap is essential for U.S.…

In 1984, I graduated from college with a degree in accounting and went to work for Elliott Davis, an accounting, consulting and tax firm founded in 1920 and headquartered in Greenville, South Carolina. I am one of those rare breed of workers: after 40 years, I still work for Elliot Davis. I stayed with the first company that hired me straight out of college. It's now axiomatic that to advance in your career, you have to leave and re-leave the companies that employed you. This is often to the individual's advantage. Having many companies on your resume means you've gained…

In 1984, I graduated from college with a degree in accounting and went to work for Elliott Davis, an accounting, consulting and tax firm founded in 1920 and headquartered in Greenville, South Carolina. I am one of those rare breed of workers: after 40 years, I still work for Elliot Davis. I stayed with the first company that hired me straight out of college. It's now axiomatic that to advance in your career, you have to leave and re-leave the companies that employed you. This is often to the individual's advantage. Having many companies on your resume means you've gained…

When Mary Ann Waltz took over as CFO of Cincinnati-based restaurant chain Dewey's Pizza, she learned all she could about working in the industry by chopping vegetables, mixing dough, and making curbside deliveries. “Not only did I gain empathy for our store team members, I learned about their challenges and how my role as CFO would impact them,” Waltz told StrategicCFO360. After 16 years working for an industrial supply company, Waltz realized it was important to learn about restaurants, but it wasn't his first assignment as finance chief. In the interview below, Waltz talks about building relationships outside of finance,…

When considering compensation plan design, boards would be wise to remember the adage, “be careful what you wish for.” Incentive compensation is tied to a virtually endless list of goals: attracting top talent, increasing revenue, improving productivity, driving change, increasing diversity, meeting safety goals, etc. The compensation committee's decision on which goals to measure and reward can be a powerful lever that can move the entire organization toward the right goals or sidetrack it. Just ask Wells Fargo. While setting sales targets that unintentionally backfire is an extreme example of an incentive gone wrong, there are many potential pitfalls in…

Edelweiss Mutual Fund has raised over Rs 1,800 crore through its Business Cycle Fund NFO. Edelweiss Business Cycle Fund received over 9 lakh applications. The scheme's New Fund Offer or NFO was open for applications from July 9 to July 23. The scheme will reopen for ongoing sales and buybacks on August 6.Edelweiss Business Cycle Fund follows a business cycle based investment theme designed to capture market opportunities effectively. Investing across sectors and market capitalisations, the fund offers a robust solution with core allocation with a long-term perspective. According to a press release from the fund house, the fund will…

The platform leverages advanced AI algorithms to guide users through a series of interactive questions, without requiring extensive documentation or prior financial knowledge. read more… Chiara Accardi release date: Wednesday, July 24, 2024 10:36 AM Venture Planner, a leading innovator in business development tools, has launched its revolutionary AI Business Plan Generator. The cutting-edge platform leverages the power of artificial intelligence (AI) to revolutionize the business planning process, empowering entrepreneurs and businesses of all sizes to create comprehensive, professional-grade business plans with unprecedented ease and efficiency. Traditionally, creating a robust business plan has been a difficult, time-consuming task that required…

How can owner-operators and small fleets survive and thrive in tough economic times? Watch this webinar to find out. Join us for a live webinar August 22, 1pm CST Hear from owner-operators and small fleets as they discuss how they prepared during the good times to weather the storm. In a recent SNAP poll, Overdrive A reader posed a simple but certainly pressing question. What makes you wake up at 2am? The answers hit a deep-seated nerve for many small and mid-size trucking business owners. Asked to pick up to three of their “most challenging” concerns in the trucking business,…