Remove Finance Remove Hammer Remove Management Remove Project
article thumbnail

5 Effective Strategies for General Contractors to Cut Costs

Strategy Driven

In the former case, the owner of the project only has to pay a fixed cost that includes overhead and profit. You may have to send lots of emails and hammer the phones. It will help in absorbing any deviances in a project that result in increased cost. Consider adding an escalation clause in all your projects as well.

Cost 57
article thumbnail

Your Strategic Plans Probably Aren’t Strategic, or Even Plans

Harvard Business Review

It happens all the time: A group of managers get together at a resort for two days to hammer out a “strategic plan.” At the start of my public seminars on strategic planning I ask attendees, who rank from board members and CEOs to middle management, to write down an example of a strategy on a sheet of paper.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Balancing Push and Pull Approaches to Improvement

Harvard Business Review

An executive in the company's finance operations adopted a Six Sigma belt-driven approach to reduce costs in the company's global shared service centers. The firm then tasked each employee with a specific project to cut costs, armed with their tools and training. Which camp is right? However, the push approach comes with complications.

article thumbnail

My First, Failed Foray into Venture Investing

Harvard Business Review

But because we failed to hammer out exactly how we would operate (including our respective roles and responsibilities), infighting distracted from operating, cash became a concern, and the business slowly, then quickly, imploded. As we moved from idea to execution, I asked another friend to take a key role in the project.

article thumbnail

What Good Is Impact Investing?

Harvard Business Review

Or you could participate in projects financed in part by conventional investors and in part by non-profits. So here’s the money management industry. There is probably $50 billion of money under management in impact investing at the moment — that’s not going to set the world on fire for the large investment firms.

article thumbnail

Green Police

Chris Brady

  Perhaps there is a third interpretation, one that would indicate that the advertising gurus over at Audi are geniuses because they managed to inflame a controversial subject to the point where a blogger would waste some of his precious time writing to his 3 loyal readers about a commercial!  Government is like a sledge hammer.

article thumbnail

Why Those Guys Won the Economics Nobels

Harvard Business Review

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. And Lars has taken some of these ideas and applied them in finance.

CAPM 8