The simplest things in life are free ... and sometimes, it's the simple things that make so much sense. Here is the simple creed that John Wooden, famed UCLA basketball coach whose winning record is unlikely to ever be surpassed,...
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Any control freaks out there?
Those of you who are willing to admit ... or deserving ... of wearing this crown have probably stumbled down the staircase more than once trying to exert your control over every fiber of the carpet beneath your feet. Researchers...
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Conference Calls not working so well?
Fast Company recently published a blog post called 10 Rules for Effective Conference Calls, which sounds about right ... and I think you'll agree that you've heard ... or did ... or thought ... these same things yourself.OK, now let’s...
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Thank you to all who have made the ultimate sacrifice
... and to those who have and continue to serve our country across the globe.
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The Misleading Meandering of Multitasking!
Many of you have seen my earlier posts - the Stanford research or the NY Times summary about how multitasking fails to increase our productivity ... the very enemy it's sworn to eliminate.In an HBR blog, Peter Bregman reports what...
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California still sharing space with whale pucky!
Like we need more bad news in or about California ... but the Chief Executive organization's survey of Best and Worst States for Business 2010 finds the Golden State's golden egg is actually something else that's been painted over ......
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Let the laymen set the deal!
Once in awhile, it's nice to see your advice echoed in the halls from someone like Warren Buffett. Since my early investment and venture capital days, I have promoted the concept of a simple "terms sheet" to set down the...
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CA seed money drying up
No surprise that California's continuing budget problems resulted in a significant drop in funds available through the California Small Business Loan Guarantee program. Why? Because a chunk of its trust fund was used last year to help plug the budget...
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Have a Truth Teller onBoard?
I'm a relentless advocate for outside board members in family businesses, in large part to divorce the value of objective business discussions from subjective family dynamics. I've seen a family member derail an important conversation because his baby brother ......
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Is anyone really independent?
I wish had the time to write about all that's on my mind about the SEC charges vs. Goldman. The crux of my most recent post was that institutional investors – not individual investors – have few excuses for making...
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Email Overload. Really?
No news flash here ... except that many of us share the frustration over the relentless flood of email that washes ashore 24/7. There is a nugget somewhere in various ideas companies are trying to dam the waters, particularly with...
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No Jerks Allowed!
Many of you have seen articles about this general theme recently – in part a function of "The No A**hole Rule" published last year by Dr. Robert Sutton of Stanford University. Lars Dalgaard, President of Success Factors, a company with...
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Hypnotizing Chickens?
I must admit that's a new phrase to me ... but it's a kissing cousin to "Death by PowerPoint", it seems. You'll enjoy the recent NY Times article about the U.S. military use of PowerPoint slides and how numbing it's...
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He saw it coming ….
When someone tells you no one saw it coming ... you can usually assume they mean "I" didn't see it coming. By now, many of you are familiar with the story about Michael Burry, the Stanford Hospital surgeon who uncovered...
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Business Finance | Does EBITDA Bury Its Own Dead?
Does EBITDA really tell you what you need to know?“I have enough money to last me the rest of my life ... unless I buy something.”– Jackie Mason Does this sound like you?Someone recently told me...
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People are still – and will always be #1.
Many of you are familiar with my interest in the Corner Office articles appearing in the New York Times on a regular basis. These articles, by Adam Bryant, focus on varying approaches taken by CEOs to lead their organizations. A...
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Goldman Sachs -Not so fast!
Will Rogers was fond of saying, "Buy low, sell high ... and if it doesn't go up, don't buy it!" That's a whimsical sentiment, but I wonder what's in the air when I read about the alleged fraud by Goldman...
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Freakonomics – The Movie
"Incentives are the cornerstone of life." Remember that phrase? Many of you have read my posts, or heard me discuss the fascinating insights of Freakonomics, the best-selling book by Steven Levitt and Stephen Dubner about the power of incentives and...
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Vol. 62: Strategic Finance Fundamentals: It’s time!
“If I am through learning, I am through.”– John WoodenSome of you will remember – back in the day – the E. F. Hutton commercials that intoned, “When E.F. Hutton speaks, people listen.” (Some of you are probably wondering –...
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Vol. 60: Creating a Responsible Culture
Last time, we discussed how to create a responsible culture where each individual accepts accountability for their actions and decisions. In our discussion of this subject, we’ve ranged from the baseline of personal accountability to a broader organizational culture, to...
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Accountability | What Does It Really Mean?
When does Accountability begin? “When is it no longer my responsibility to get people to complete their assignments … and where does their responsibility to perform begin?” a North Bay CEO asked me recently. “Your responsibility never ends … and...
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The Value of Checklists
Checklists? Those lists I prepare each day and don't help me get everything done - don't really need to know more about them ... or do you mean those checklists that airline pilots use to keep me from getting killed?...
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Accountability | Powerful After Action Reviews
Many years ago when we lived in the Midwest, we became very good friends with a young couple down the street.He was a fellow fraternity brother, from another college, but I remember him as a very capable physician with a...
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Taxachusetts? Not this time!
As you know, Scott Brown, a Republican, defeated the Democratic candidate to fill Sen. Ted Kennedy's U.S. Senate seat, a stunning reversal of Massachusetts trends of the last 50 years, for a seat that the Dems thought they couldn't lose....
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Corporate Governance Sucks!
If you remember, the General Motors board gave CEO Rick Wagoner a 64 percent pay raise -- to $15.7 million -- in 2007, when the company lost $38.7 billion. The company went bankrupt two years later at a cost of...
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Vol 57: Think Strategically!
“The most serious mistakes are not being made as a result of wrong answers. The truly dangerous thing is asking the wrong questions.”– Peter Drucker I have been working recently with a young CEO-in-waiting who is eager to move into...
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Lessons from a Lemonade Stand!
Seth Godin recently wrote about two lemonade stands and how simple things in the approach made such a big difference. My colleague, Jonathan Fields, also commented on this post, expanding upon some of the key differentiators that apply to all...
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