Thursday, December 15, 2011

The Leadership Engine

"The Leadership Engine: How Winning Companies Build Leaders at Every Level", by Noel Tichy and Eli Cohen, suggest that effective mangers lead as well as manage. The authors conclude that the best companies have "good leaders who nurture the development of other leaders at all levels of the organization."
More Business and Management

Tuesday, December 13, 2011

Standard Oil

John D. Rockefeller built Standard Oil during the 19th Century, earning him the distinction of being America's first billionaire. Standard Oil was established in Ohio in 1870 and by the turn of the century became one of the largest multinational corporations in the world. Standard Oil was broken up into 34 independent companies in 1911 by the U.S. Supreme Court under the Sherman Antitrust act.
More Business and Management

Monday, December 12, 2011

The 50-50-90 rule

The 50-50-90 rule suggests that anytime you have a 50-50 chance of getting something right, there is a 90 percent probability you will get it wrong.
More Business and Management

Sunday, December 11, 2011

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.
More Business and Management

Saturday, December 10, 2011

Internet search

Internet search engines are no longer limited in querying only web pages for results. The web has evolved into a vast collection of files that support a variety of applications. Google's Universal search and Yahoo's Glue search well beyond web pages, bringing back results from images, video, news, blogs, and even from specific web sites such as WebMD and Wikipedia.
More Business and Management

Friday, December 9, 2011

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.
More Business and Management

Thursday, December 8, 2011

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.
More Business and Management