Are Your a Time-Teller or a Clock-Builder

Are Your a Time-Teller or a Clock-Builder

First of all, let me define the two terms. Jim Collins, author of “Build to Last” and Jerry Porras embarked on a six year research project that identified these two types of companies: A time-teller is one that manages the company according to her/his personal vision....
The Function of Profits

The Function of Profits

Karl Marx said that profits are the “surplus value” stolen from the workers. Modern theory not only proves him wrong, but as Peter Drucker states, “Profits are the only source of jobs for workers and of labor income”. He goes further to state that profits are the only...
Key Management Indicators

Key Management Indicators

If you can’t measure it, you can’t manage it. This is a true statement that applies to any company and to any manager. If you are trying to have more cash in the bank for example, you need to understand how it is being spent and what the cycles of cash in your company...