For 10 years, Jill struggled to make a profit. At over $8 million in sales, her specialty call center should have been providing her with annual profits of 8-12% or between $640,000 and a million dollars. Instead she paid herself a “good-enough” salary and saw profits trickle in at 1/2% — just $50,000. She didn’t own a business, she owned a job. Jill had done strategic planning of the “blue sky” variety many times. That kind of planning is worthless, says leadership expert Tom Cox.
During a talk at the Portland Business Alliance Forum, Oregon economist John Mitchell predicts slow progress for 2013, long-term stagnation and an epic clash of generations.
HP's profitability is getting crushed and Microsoft's Windows 8 gamble hasn't exactly revolutionized the computing world. Each of these companies has pursued a misguided path in the name of "strategy". The truth is that this direction wasn't a viable strategy for either company because it didn't address the real problems either one faced.
Good strategy lets you outmaneuver your bigger competitors. Bad strategy can sink your business. Here are three insights from leadership expert Tom Cox that you can use to harness strategic thinking and planning for your small business.
With elephant calf Lily nearly three weeks old, the Oregon Zoo has a more tangible reason to expand their elephant enclosure. On Tuesday, Metro unanimously approved two resolutions to help the state’s most popular paid tourist attraction expand.
Oregon prides itself on having the longest ski season in the U.S., with November-May openings. But a new report projects climate change will warm winter temperatures 4-10 degrees by the end of the century, threatening the long snow season that allows Oregon's winter sports industry to thrive.
Part of your end-of-year routine should be to take stock. What did you learn in 2012? How will you make 2013 better? This is a form of benchmarking. Comparing yourself to yourself, and to others, and looking for ways to do better. Leadership expert Tom Cox tells you how to do it.