Tag: methods
Proactive Vs. Reactive: Preventing Your Walls from Tumbling Down
Within a compressed 24-hour timeframe, cornerstone Fortune 500 companies announced combined planned layoffs directly impacting approximately 100,000 employees. Without exception, the common root cause is a reaction to deeply unfavorable to declining business conditions.
Heed the Wisdom of Yogi Berra: “It IS Getting Late Early”
This column has been fully dedicated to the critical planning and budgeting process through the past month, emphasizing new integrated models built from uncertainty instead of predictability. With a rather predictable certainty, the Centers for Disease Control...
Budgeting Certainty Must Be More Certain in Uncertainty
Although America's bicentennial year doesn't fully compare to 2020's events, for business planning and budgeting purposes 1976 can be particularly instructional. Perhaps by nature and practice, Americans are optimistic and more focused on solutions than problems...
Warranty Coverage For The Stones That Gathered Moss
When a former client from an entirely different industry insisted I call back at my first available moment, I feared the worst. Triple headed monsters of public health, economic and social justice crises have a way of courting dread for even semi-urgent matters...
Integrated, Participative Planning and Budgeting
If 2020 was the year we couldn't have predicted, 2021 lines up as the year we can't predict. Uncertainty is always the bane of annual planning and budgeting processes, making this yearly exercise simultaneously more impossible yet requiring greater precision.
Weathering Storms of Change: Steady Your Suppliers and Network
While it may be biologically correct that species adapt independently, businesses attempting to evolve as soloists will not survive. Instead, necessary behavioral, physiological, and structural change comes in direct proportion to a given company's supplier and network...
Reading the Signs, Leaping to Smart Action
Now in its 9th wave, the Engagious Back To Normal Barometer brings encouraging news for the restaurant industry as dining out recorded a new peak for surveyed consumers; the survey showed more people are anxious to dine out. It is even more telling that...
Staying Ahead of the Coming Waves of the Transformed World
Hospitality entrepreneurs are too dynamic, the industry is too vital, and there is far too much at stake for us to resign ourselves to being victims. In truth, there is every reason to expect overall business conditions will worsen as Summer 2020 fades to Fall...
