Unless you are 90 or older, you probably don’t remember firsthand the stock market crash that began on October 24, 1929, or its aftermath. After October 1929, companies and government institutions alike scrambled to understand how to revive demand and get people back to work. (read more on Forbes…)
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FORBES BUSINESS COUNCIL | Leverage The Inflection Point: Repositioning Your Supply Chain In 2020
This year will likely go down in the history books as a major inflection point for the U.S. economy and American society. Historically, other inflection points, such as the 2008 financial crisis, the stock market crash of 1987 or the oil crisis in 1973, have accelerated trends already evident prior to each event while also taking businesses in new directions. From my perspective, today’s extremely challenging times will be no different. (read more on Forbes…)
Navigating Turbulence
As a middle-market business owner or executive, you know how difficult it can be to react to changes in the marketplace. Responding to the COVID-19 pandemic is just the latest challenge facing business owners and executives globally. Often, the hard part is knowing where to start and how to prioritize your time in terms of new business opportunities, existing sales, and corrective actions. There’s a lot of advice floating around — and more business self-help books than is reasonable — so how do you cut through the noise? (more…)
Adopting A “Pay It Forward” Program
My grandfather served in the US Army in World War II in Germany fighting the Nazis in France and Germany. As such, he and his generation (The Greatest Generation, for sure) literally won the war in the European theater between 1941 and 1945. Growing up in the 1970s and 1980s, I remember my grandfather telling me stories of his army buddies who faced death every day and how they supported one another in every way possible regardless of circumstance. My grandfather’s phrase for this was “Pay It Forward” which meant “invest now and the payoff will be down the road” for you and your team. In the era of the COVID-19 pandemic, it is more important than ever to explicitly invest in and develop “Pay It Forward” programs. (more…)
FORBES BUSINESS COUNCIL | How To Engage In The Age Of AI
As a business owner or executive, you’ve probably read or at least heard a lot lately about artificial intelligence (AI) and advanced analytics (AA). Beyond the jargon and the hype, however, there are some real benefits of both AI and AA that could help your business improve profits. The challenges, like with most technology-based solutions, is to understand the tools and concepts and to structure solutions that are practical to your theories in advance of spending a lot of money and time. (read more on Forbes…)
FORBES BUSINESS COUNCIL | How To Maximize Your Benefits With Cloud Computing
Boom. That noise you just heard was not the newest camera drone flying over your business, a new supersonic airplane nearby, or your neighbor’s Tesla accelerating outside your door. The sound is a noise signaling that a traditional way of business has lapsed and is being replaced by a new paradigm. (read more on Forbes…)