A focused and disciplined approach to capital budgeting is to classify investment projects into five categories: investment in safety and environmental stewardship, repair of buildings and equipment, information technology, optional profit improvement and expansion of current businesses and investment in new businesses. Each has its own investment criterion.
DeSantis vs. Disney demonstrates the rule of unintended consequences
The Supreme Court has held, “The First Amendment prohibits government officials from subjecting an individual to retaliatory actions, including criminal prosecutions, for speaking out.” The right of corporations to speak out on issues has always been a cherished value of the Republican Party. DeSantis is violating that value.
Chernobyl’s lesson to leaders is always face the brutal facts of reality
The lessons of Chernobyl for all political and business leaders are the same lessons relearned over and over again after many disasters and scandals. Always face the brutal facts of reality.
Avoiding destructive office politics is key to business success
How can you rise above destructive office politics? Meet your commitments to others. Build trust with your peers. Develop alliances. Keep your adversaries close. Build relationship capital. Most importantly, do your job and achieve results, and let those results and your reputation speak for themselves.
Why all leaders should follow Warren Buffett’s message on reputation
“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”
Leadership lessons taught by Ukraine President Volodymyr Zelensky
Business leaders will never face the challenges of Zelensky. However, the traits needed to inspire your organization are the same: superb communication skills, inner fortitude and a laser focus on the challenge. With these traits, you can rally your organization to accomplish goals thought to be unachievable.
Peloton’s new CEO wants employees to get out of their comfort zones. Here’s why that’s so important.
“Your comfort zone is your own worst enemy … If the thing you’re doing appears to be working, your natural inclination is to do more of it … When you’re comfortable, you have no motivation to look around and think about what might need to change.”
Entrepreneurial traits and mindset are valuable differentiators to employers
In real time, entrepreneurship students hire employees, attract investors, sell to customers, execute business strategies, learn how to de-risk their decisions and manage a P&L statement. These are valuable skills whether one starts a business, works for a startup or works for an established company.
What was the board thinking reinstating CEO of Better.com?
Can a CEO who was asked to step down by the board due to their toxic leadership traits ever return to that position and be successful? Can trust and confidence in their leadership be established? Can talented and experienced people be recruited?
7 questions to address during new product development
A question every new product development team must ask is, “Why will customers want to buy our new product?” Addressing this and the questions outlined in this article will raise the probability of a new product’s success.
No, Mr. Shkreli, price-gouging customers is not taught in MBA class
Business schools that teach to maximize shareholder value but don’t emphasize the importance of ethics, integrity and the need to be a good corporate citizen are shortchanging their students and the companies they will work for.
Reflecting on lessons learned from the Challenger disaster 36 years later
In the words of renowned Brazilian novelist, Paulo Coelho, “If you want to be successful, you must respect one rule: Never lie to yourself.” Leaders, remember to listen to your experts, establish a challenge culture and value the lone wolf within your organization.