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9 ways to single-source without risking your business

Volkswagen has been the poster child for poor decision-making lately. One of their current challenges is with two suppliers who refuse to deliver to them, and multiple plants are shut down or...

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A short list of the best and worst management practices

Wise people learn from others. In your experience, what are two of the best management practices in widespread use today? What are two of the worst? And what is the one management practice that you...

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How to create great strategy while living in a vortex

Shocked by the Brexit vote and unnerved by the uncertainty around it? Expected a Clinton victory over Trump? Can’t easily name all the countries in which you do business that currently admit unsettled...

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4 rules manufacturers should remember

To automate, or not to automate. To re-shore, near-shore, or off-shore. To insource, or to outsource. Those are just a few of the strategic decisions that manufacturers face today. And each can have a...

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The success mindset for manufacturing leaders

All of you face competition. It’s easy to focus on quality, delivery and time-to-market in an effort to lead the pack. The reality is that those are now entry level requirements for success. To truly...

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How to protect your small business from cybercrime

Regardless of your business, someone will try to steal data, use your computer to spread viruses, or simply hold your systems for ransom. CPA and law firms are lovely targets, as are manufacturers, or...

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Why maximizing profits can be a strategic mistake

When I worked for TRW in the 1980s, the company encouraged everyone with purchasing responsibilities to take the Chester Karrass negotiating course. Then, the program was 100 percent focused on the...

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SWOT is a waste of time (and other questionable MBA tools)

Recent articles have described the plummeting value placed on the traditional MBA by the business world. The attraction to MBAs has long been more wishful thinking and a culling mechanism than anything...

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What happens if your goals are too aggressive

Global competition is fierce, regardless of Brexit and swings between free and protectionist trade policies by the major economies. All businesses must get better and get better now. But does that...

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America's most efficient credit unions

Information taken from the National Credit Union Administration.

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