Seasoned executive and turnaround expert Bob Papes has engineered five consecutive turnarounds of businesses in the $15 to $35 million range. What made Bob’s efforts successful? Bob uses one word: Team. Contributing columnist Tom Cox explains how to follow in Bob's footsteps.
During a recent meeting, contributing columnist Tom Cox noticed one attendee — an older, overweight guy — was speaking more “thickly” than usual. "It reminded me of some early stroke symptoms I’d read about. I had to decide — do I say anything? What do I say? How do I say it in a way most likely to encourage the desired behavior? And what if I’m wrong?"
Vested outsourcing is a topic you likely have not heard much about yet. It is an innovative approach to improving the outcome and effectiveness between companies and their suppliers. It is particularly important to companies that make things themselves or currently outsource production off-shore. Contributing writer Jerry Saveriano discusses vested outsourcing with Scott Schroeder, president and CEO of Mega Tech of Oregon, in a two-part interview series.
Payroll taxes are by no means the only thing that stops people from working, but one of President Obama’s payroll tax cut proposals could nonetheless create a million or more jobs, according to economics professor Casey B. Mulligan.
Pay for performance systems are easy to get wrong — encouraging the wrong behaviors while creating uncertainty and resentment. Here are four steps to getting them right, developed with the input of turnaround CEO Bob Papes.
Customer’s expectations are at an all-time high and for a lot of people and a lot of companies, it is frightening. For years businesses have been able to get by treating people mediocre and still making the deal. They were able to hold a high gross profit all while having a low customer satisfaction number. Well not anymore.
Politicians are going to great lengths to avoid talking about the real effect of structural unemployment that we are now facing. This oblivious attitude, this constant pointing to the sliver of sunlight on dark and dreary days, is not only wishful thinking but destructive.