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Work at Home or in the Office?
There are obvious benefits to the employee of working from home. However the negatives to the company are too significant to ignore. In every turnaround of a distressed company I have fixed, the absence of face-to-face cross-functional communication was glaringly absent. Cross-functional communication is defined as employees from every function meeting as a group on […]
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What’s wrong with General Motors?
It seems that #GeneralMotors has deteriorated and is in trouble yet again with: GM posted a decline in net income of 141% in 2018. GM registered a $4 billion net loss in 2017. GM recently announced the closure of 6 manufacturing plants. Meanwhile, Toyota actually increased net income almost 40% in 2018, and earned a net […]
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Was GE correct in replacing its CEO?
A nagging thought kept running through my mind when I read #GeneralElectric had replaced Mr. John Flannery as Chief Executive Officer after just 14 months on the job: Was he given enough time to fix this huge severely distressed $120 billion company? My answer is no… It would take at least 3 years to fix a […]
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China’s Debt Crisis
#China may be forced to continue to increase its debt position. Their cash flow future looks grim. China’s debt is largely held by corporations. The problem is a fair number of their small and large companies are poorly managed. Their inefficient equipment and systems results in high-cost, money-losing operating companies. This results in deficit cash […]
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Broken Business Models: Sears & Kmart
The NY Post’s article and others seem surprised that Sears Holdings may not be able to continue as a going concern. Clearly sale of its Craftsman brand was a signal that Sears was in serious financial straits. The acquisition of Sears and Kmart was completed ten years ago. But twenty years ago, before e-commerce became […]
Was GE correct in replacing its CEO?
A nagging thought kept running through my mind when...
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Work at Home or in the Office?
There are obvious benefits to the employee of working from home. However the negatives to the company are too significant to ignore. In every turnaround of a distressed company I have fixed, the absence of face-to-face cross-functional communication was glaringly absent. Cross-functional communication is defined as employees from every function meeting as a group on […]
What’s wrong with General Motors?
It seems that #GeneralMotors has deteriorated and is in trouble yet again with: GM posted a decline in net income of 141% in 2018. GM registered a $4 billion net loss in 2017. GM recently announced the closure of 6 manufacturing plants. Meanwhile, Toyota actually increased net income almost 40% in 2018, and earned a net […]
Was GE correct in replacing its CEO?
A nagging thought kept running through my mind when I read #GeneralElectric had replaced Mr. John Flannery as Chief Executive Officer after just 14 months on the job: Was he given enough time to fix this huge severely distressed $120 billion company? My answer is no… It would take at least 3 years to fix a […]
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