Content about Executive

01.12.10

It is reputed that Henry Ford, though a brilliant engineer, had a few homemade rules of thumb he applied to business tactics. One of these was a simple test he used to determine if a subordinate was worthy of promotion. The aspirant would be invited to lunch with Henry at the company executive dining room. Ford would observe how the young man approached his meal. If he tasted his food before he applied salt and pepper, he got the promotion, if he salted first, his career with Ford was over. This little drama showed Ford’s engineering approach to running his business; test (taste) your theory (food) before committing to a course of action (eating). Not a bad idea, particularly in the business climate today. A small test could save a lot of grief later on.

11.09.09

What is it about politicians that they all think they have to “reform” or “change” the systems they were elected to administer to . . . and a lot of things that they were not elected to manage, like businesses and healthcare.  The bloated bureaucracy in Washington, DC has a history of mismanaging nearly everything they touch, so what makes them think they can manage the healthcare of the USA, or General Motors, or Chrysler, or AIG, or CIT?

10.28.09

Sometimes you should let your imagination take charge. When you have been focusing hard on a business/sales/marketing problem, let your mind take a rest from the strain of searching for a solution and take flight, influenced by whatever is going on around you, the results might surprise you. Years ago, in my misspent youth, I became known for innovative approaches to sales situations, all because of a vivid imagination. Then I had to spend the rest of my career living up to the results achieved by that original flight of fancy.

09.19.09

“Ya gotta close the deal on the first visit, ‘cause they ain’t coming back!” says the old timey salesman to the rookie. “Be sure to give them your watch so they know what time to be back.” is further advice from the grinning, hoary old peddler to the kid. Be-backs, people who don’t buy on the first visit or on the salesman’s first call, are lost opportunities because they’ll go down the road and meet a real salesman. You get one chance to close the deal, one shot at get their signature on the contract before they bail out.

09.07.09

On June 30, 1908, a little after 7:00 AM in the area that is now Krasnoyarsk Krai on the Lower Tunguska River, a huge explosion flattened more than 80 million trees on 830 square miles of Siberian taiga. The explosion was estimated at one-thousand times greater that the atom bomb dropped on Hiroshima, Japan in 1945. The cause of the explosion is not known for sure, but some scientists surmise that it was a large comet or meteor striking the Earth. The evidence does not support that contention, however, but pictures of the site look more like an air-burst than an impact since there is no crater to support the impact theory.

08.06.09

“It’s going to get worse before it gets better,” is an often heard phrase in tough times for business. The current economic crisis certainly qualifies as tough times and economic prognosticators are frequently heard uttering that opening phrase. Tough times call for tough, smart business measures. One of the richest, most successful investors in the USA, Warren Buffett, says, “When everyone else is selling is a good time to buy.” What he is saying is that when the market is flooded, prices drop, making it a very good time to buy. By the same token, when most businesses are in a fright, cutting costs and pulling in their horns, a smart operator will go after a bigger share of the market with a strong sales plan.

08.06.09

“It’s going to get worse before it gets better,” is an often heard phrase in tough times for business. The current economic crisis certainly qualifies as tough times and economic prognosticators are frequently heard uttering that opening phrase. Tough times call for tough, smart business measures. One of the richest, most successful investors in the USA, Warren Buffett, says, “When everyone else is selling is a good time to buy.” What he is saying is that when the market is flooded, prices drop, making it a very good time to buy. By the same token, when most businesses are in a fright, cutting costs and pulling in their horns, a smart operator will go after a bigger share of the market with a strong sales plan.