article thumbnail

Is poor account management a drag on your productivity?

The Source

The UK has long suffered from weak productivity. We produce less per working hour than many of our friends in the G7, a fact that’s remained stubbornly true with little sign of improvement since the 2008 global financial crisis. Is there a parallel among professional services firms?

article thumbnail

Navigating a Downturn: Strategies for Business Resilience

Tom Spencer

Although it is fairly common for a successful business to generate 80% of its profits from 20% of its products, relying heavily on a small number of products, services, or markets exposes a business to significant risk. Diversify Revenue Streams One fundamental strategy for business resilience is to diversify revenue streams.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Transformational Leadership: Changing Culture to Fuel Financial Success

Organizational Talent Consulting

An Examination of the Importance of Leadership Behaviors and Attributes on Shaping Culture Executive Summary Organizational culture is a critical factor in financially successful companies. Inequity and discrimination result from failure, one person at a time, one action at a time (Greenleaf, 2008).

Culture 52
article thumbnail

New Zealand’s Financial Crises Resilience

Tom Spencer

I have written multiple financial crises articles in the past but have yet to touch on my home turf, New Zealand. Flexible exchange rate, product and labour markets. On the second point, the stability of house prices in New Zealand prevented panic selling of assets that could have led the financial system into turmoil.

article thumbnail

Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed

MishTalk

Today the Fed released minutes of meetings at the start and during the great financial crisis. Here is a list of FOMC Transcripts and Other Historical Materials, 2008 Notes I purposely cherry picked statements of various Fed governors. These minutes show how clueless the Fed Governors were at the start of the recession.

article thumbnail

Is Behavioral Economics Used in Business?

Steve Shu Consulting

” Broad conscious, concerted efforts to apply behavioral economics probably did not begin until sometime after 2008 with the release of Thaler and Sunstein’s book, Nudge. This can include wanting to do holistic innovation that touches on service, products, and applications. Mercer UK – Personalised Pension Videos.

Mercer 186
article thumbnail

It’s Not “Time Management.” It’s Lean.

Markovitz Consulting

In the space of two weeks, the New York Times and the Wall Street Journal both ran articles on the productivity benefits of reduced work hours. The same is true of employees at Tower Paddle Boards (at least during the summer months) and Collins SBA , a financial advisory firm in Australia. There’s certainly some truth to that argument.