Facebook has announced that it will build a second data center in Prineville. InEnTec has raised $20 million. Black Butte Ranch is investing $3.75 million in a golf remodel. And Cascade Bancorp has reported a $2 million quarterly profit. Is Central Oregon’s economy finally returning to health?
Portland economist Bill Conerly says one of the most important short papers on corporate strategy has just been published by McKinsey Quarterly. In "The Perils of Bad Strategy," Richard Rumelt explains common errors in developing corporate strategy, based on his forthcoming book.
Power is a measure of work per unit of time. As you use your time better, you become more powerful. Growing your power is a wonderful goal, because every time you make progress, you get more meaningful work done with less time and effort.
Small business is down in the dumps. Just compare the attitudes shown in NFIB's survey of small business owners with the Business Roundtable's survey of corporate CEOs. It sure seems that the corporate honchos are feeling better than they did before the recession, whereas small biz owners are up from the depths of the downturn, but not yet back to where they had been.
Two years of collaboration between the Oregon Health Authority and business leaders has resulted in a new initiative called Wellness@Work. The initiative's website launched this week with tools for companies to check their current wellness level and simple ideas on how to improve the health of employees.
It is difficult to walk through a bookstore without encountering numerous books about achievement. Some are general, concentrating on what it takes to be a winner, while others are specific to certain types of business or certain types of investments. Sprinkled throughout these shelves at regular intervals will be biographies and autobiographies of highly famous or highly successful people. Implicit in all of these stories is the "formula" that these people used to achieve success.
Mark Thoma found President Obama's remarks this week on deficit reduction talks with the Republicans disappointing on several fronts: First, that the president seems committed to doing whatever it takes to reach a deal; and second, that Obama has adopted austerity as a valid means of stimulating the economy.
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