Friday, December 11, 2009

The 80-20 rule

The 80-20 rule, also known as the Pereto Principal, states that for many events, 80% of the effects come from 20% of the causes. The business application of this rule of thumb says for most companies, 80% of its revenue comes from 20% of its customers.
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Wednesday, December 9, 2009

Endowments

Nearly 80 universities have endowments over $1 billion, according to data compiled by the Boston Globe. A robust stock market and generous donations have helped boost endowments to record levels. Some lawmakers are calling for more endowment spending to offset tuition increases. They suggest requiring colleges to spend at least 5 percent of their endowments each year, as nonprofits are required.
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Tuesday, December 8, 2009

Competitive advantage

The most important attribute that Warren Buffet looks for in a company is "sustainable competitive advantage". According to author Erica Olsen, competitive advantage can be boiled down to one question: what is a company best at in its market and why? Olsen suggests that the best companies always understand their competitive advantage and make it a key aspect of planning, strategy and growth.
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Sunday, December 6, 2009

Energy costs

CEOs have ranked energy costs as one of their biggest challenges, according to the Business Roundtable's Energy Task Force. Energy prices are rising in the face of increasing demand. Public policy has leaned against nuclear and coal energy sources, drilling and building oil refineries. At the same time, global demand has risen steadily, especially from new powerhouse economies in Asia and Europe.
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Friday, December 4, 2009

CEO Express

CEOExpress.com, the executive’s interface to the Internet, employs expert human editors and "mind ergonomics" to deliver the most critical and useful web information in a clear, easy-to-use format. CEOExpress filters and organizes the content executives need on the Internet while adding features to the site to make their lives even more streamlined and efficient.
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Thursday, December 3, 2009

Business and Management Today

There is no federal law that requires employers to provide vacation time, paid or unpaid, to its employers. Most employees consider it to be one of their most important benefits. Workplace experts agree that it is important to productivity and morale for employees to take time off in order to rest and rejuvenate. The typical U.S. worker receives ten vacation days per year.
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Tuesday, December 1, 2009

MBA degrees

George W. Bush is the first U.S. President to hold an MBA degree. Dartmouth College established the first graduate business school in 1900 offering an advanced degree in commercial sciences, the fore bearer of the modern MBA. Today, more than 100,000 MBA degrees are awarded each year in the U.S. The estimated average cost of an MBA at an accredited institution is about $80,000.
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