Guest Post: Keeping Your Finances Afloat While Working From Home

Survive Your Promotion

Finances are one of those issues. Where income is the life source of finances while working at home, billing is the vehicle through which that income arrives. is a small business owner who for quite some time worked from his home and developed a system that is briefly detailed here in order to stay as productive and efficient as possible in an environment that can easily pull focus away from the work at hand. photo credit: Jeremy Levine Design.

Effective Handling of Employee Personal Problems is Critical to Maintaining Workforce Efficiency

Strategy Driven

But with empathy and careful planning, successful managers and leaders can minimize the impact of personal problems in the workplace to ensure that your work force remains efficient and that normal productivity is restored as quickly as possible. Now she writes about business and finance and finds her work-life balance far more enjoyable. You just finished reading Effective Handling of Employee Personal Problems is Critical to Maintaining Workforce Efficiency !

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Innovation in Complex Civic Environments

Mills Scofield

While the pace of innovation is driving unprecedented change in the private sector – including communications, finance and even how we eat -- not enough has changed in how communities address education, economic, environmental or public health challenges and opportunities. This guest post is by my friend, Chris Thompson , Director of Regional Engagement for the Fund for Our Economic Future in Cleveland, OH.

How Big Data Brings Marketing and Finance Together

Harvard Business Review

When Raja Rajamannar became CMO of MasterCard Worldwide in 2013, he moved quickly to transform how the credit card giant measures marketing. Rajamannar involved finance early. To spearhead analytic efforts, he assigned a finance person – who was already embedded in marketing – to create an ROI evaluation framework and integrated her deeper into the marketing function. Once mostly marketing, it’s now equal parts marketing, finance and analytics.

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When you’re trying to figure out your right structure

Ron Edmondson

I would like to reorganize for better efficiency. Right now we have assignments for building, music, finance, missions, education and chairman. My reply (Slightly expanded from the original): Steve, I applaud you for thinking about how to be more efficient as a church. I received the following email, with a few key points disguised for anonymity, and thought it could be a question others are asking. Do you ever wonder the right structure for your church?

Will the Internet Destroy the Stock Market?

Harvard Business Review

Over the long term, markets are efficient and generally increase in value. On one day — May 17, 2013 — over $100 million changed hands before the rest of the public even knew an event had occurred. Computer networks are working faster and more efficiently than the markets can bear. So long as we do not allow it to be abused, our markets will grow stronger and become more efficient. Finance Internet Technology

What the Great Fama-Shiller Debate Has Taught Us

Harvard Business Review

I think he got the Nobel nod (instead of somebody like Andy Lo , or Mordechai Kurz , or Roman Frydman ) because he was (1) very early to the game, (2) a macroeconomist (the Nobel people generally seem more comfortable with macro than with finance), and (3) most suited to being shoehorned into a narrative of steady scientific progress. Shiller’s paper was hugely controversial at the time, and if you bring it up with old-guard finance professors they still tend to grumble about it.

How Share-Price Fixation Killed Enron

Harvard Business Review

Enron also owned two "prospective" businesses: Enron Broadband (the first company to offer live video streaming and one that was establishing the largest "cloud storage" system at the time) and Energy Services (providing services to help other companies make their facilities more energy efficient) that weren''t producing earnings but weren''t a significant drain on the company in late 2001 and, at least with hindsight, represented significant opportunities. Ethics Failure Finance

How Amazon Trained Its Investors to Behave

Harvard Business Review

Well, he's a hedge fund veteran who has always taken a skeptical view of Wall Street, treating it more as a loopy rich uncle than the efficient information processor of standard finance theory. Finance Innovation StrategyIn March 2000, Barron's reported that 51 Internet companies were burning cash so fast that they'd be broke by the end of the end of the year.

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The False Promise of Free Capital Flows

Harvard Business Review

The same ones who lambasted finance as it headed for the borders during crises had often hailed plata dulce , "sweet silver" as the Argentines call it, when it had poured in fueling the good times. If footloose finance is the problem, Mohan and several other authors recommend using "capital controls," albeit cautiously, to limit its flows. In fact, finance generally did just the opposite in the 1990s and 2000s, flowing from those nations to credit-hungry U.S.

Sustainability in Financial Services Is Not About Being Green

Harvard Business Review

The next time we hear about a bank or insurance company''s "green program" — like using energy efficient light bulbs or operating out of a LEED Platinum building — we''ll either scream or throw up. Investors and other stakeholders should be a lot less concerned about the energy efficiency of some banker''s building than the irresponsible products the company is developing that create great returns at unacceptable risk. Finance Sustainability SASB

Culture, Not Leverage, Made Wall Street Riskier

Harvard Business Review

But leverage limits may have unintended consequences for capital markets’ competitiveness, innovation, growth, and efficiency. Ethics Finance Risk management Over the summer, U.S. regulators announced new rules that would limit the leverage (ratio of debt or assets to equity) that the biggest U.S. banks can use in their business. The reasoning, backed by several respected scholars, is that leverage was a leading cause of the financial crisis.

Do Commodities Speculators Make Things Cost More?

Harvard Business Review

Commodities trading, Adam Smith wrote in 1776 , was a boon to efficiency and a foe to famine. Ethics Finance Global business It was also extremely unpopular, especially in years when harvests were poor (he was writing specifically of trading in corn). The popular odium.

The Case for Letting Alibaba Ignore Its Shareholders

Harvard Business Review

One is as part of an inevitable progression toward a truly modern corporate form in which shareholders reign supreme and corporate managers efficiently do their bidding. Boards China Finance When the prototype of the modern publicly traded corporation, the Dutch East India Company, was established in 1602, its outside shareholders didn’t have a lot of say in the matter. They were welcome to put in money — and to take it out by selling their shares to others.

Just How Useless Is the Asset-Management Industry?

Harvard Business Review

And while it seems essential that we have at least some active managers in order to set security prices (if everybody put all their money in index funds, there would presumably be no link between stock price and value), Malkiel says that there''s no evidence that stocks were less efficiently priced decades ago than they are now. Compensation Cutting costs Finance

SAC and the Strange Focus on Insider Trading

Harvard Business Review

This activity helped speed the flow of information to financial markets, thus enabling more efficient and accurate pricing of the shares of corporations. Ethics Finance Government Five years after a financial crisis that, as best anybody can tell, had almost nothing to do with insider trading by hedge funds, the two biggest post-crisis criminal crackdowns on the financial sector in the U.S. have centered on. insider trading by hedge funds.

Doing Less, Leading More

Harvard Business Review

We’re fast, we’re efficient, and we do high-quality work. Rather than simply creating more work for junior employees, this emphasis on leading rather than doing resulted in greater efficiencies throughout the company. Our first accomplishments as professionals are usually rooted in our skill as individual contributors. In most fields we add value in the early stages of our careers by getting things done. In a word, we’re doers.

How an Auction Can Identify Your Best Talent

Harvard Business Review

They are less efficient and innovative over time, becoming “complacent giants” because they have to be neither efficient nor innovative to compete in the marketplace. While it’s not their only role, corporate departments do provide services (finance, legal, information services, market research, and so on) to employees. My children go to public school in New York City.

Intelligent Redesign of Health Care

Harvard Business Review

The center will then tie the cost to patient-outcome measures, which will enable it to design a system that improves the quality of outcomes, motivates efficiency and improved capacity utilization, reduces costs, and assures patients and providers that any cost improvements will not reduce the quality of care delivered. Project team members with finance expertise contribute by supplying the cost rate for each person and equipment involved in the care processes.

A Board Director's Perspective on What IT Has to Get Right

Harvard Business Review

I''m often struck by how many articles exclusively focus on new or emerging technology and their productivity or efficiency effects. Note that the high-profile C-suite executives at firms like Borders, Jessops, and Bank of New England had large IT budgets, but no longer have a company to make more efficient today.). Improving Operational Efficiency.

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High Speed Rail Versus Austerity

Harvard Business Review

The rapid transport will allow for a more efficient allocation of business activity across space, helping firms to control costs. It''s a "win-win" as the scarce mega city''s land is efficiently used and the secondary cities experience local growth. Effect 5: more efficient use of space for private enterprise. In this new age of fiscal austerity, public finance arrangements for major urban infrastructure projects will become an important topic for debate.

Global NGOs Spend More on Accounting Than Multinationals

Harvard Business Review

Who, for instance, would have guessed that global NGOs spend nearly 80% more to track their finances and employ nearly twice as many finance staff as comparable for-profit multinationals? The absence of efficient financial management systems reflects comparatively low spending on information technology. Benchmark data isn''t sexy stuff, but occasionally the numbers reveal surprising findings.

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The Danger of Turning Cynical About Silicon Valley

Harvard Business Review

By this logic, there’s no reason to applaud the growing number of graduates from top universities opting for jobs in startups and tech rather than finance. Last quarter , within the dominant “Internet” category, the most venture capital deals were done in the areas of business intelligence and analytics, followed by advertising, HR and workforce management, and customer relationship management — all ways of using the Internet to make other businesses more efficient.

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In Big Companies, Lean Is Only One Piece of the Puzzle

Harvard Business Review

Instead, "Lean" is a mindset that can be applied in any situation — even those that are extremely capital intensive — to test as efficiently as possible, and iterate accordingly. Between your idea and the helm, there are legal departments, finance departments, marketing departments, other business units, channel partners, and sometimes even your customers.

Smarter Consumer Cost Sharing Using Clinical Nuance

Harvard Business Review

These efforts have addressed the infrastructure, processes, and financing (e.g., Two common clinical examples demonstrate how a clinically nuanced cost sharing approach can improve the outcomes and efficiency of health care. Another example of using clinical nuance to make health plans more efficient is the evidence-based recommendation that individuals with diabetes undergo routine eye examinations.

The Get-Big-Quick Fallacy

Harvard Business Review

If you are a growth-obsessed startup and venture capital financing dries up and buyers grow scarce, you can run out of money. The company''s efficient supply chain made individual transactions profitable, even at low price points. Is it better for a start-up to purse profitability initially, or go for growth? Advocates of that second, get-big-fast approach inevitably point to companies like Tumblr (the company founded by a high school dropout that Yahoo! just acquired for $1.1

How to Compete When IT Is Abundant

Harvard Business Review

With the swipe of a credit card, the customer support team can move to Zendesk or Desk.com; the HR team lives on Workday; the business intelligence group moves to GoodData or Domo; the finance team logs into Netsuite; the marketing department orbits around Marketo and Salesforce''s marketing cloud. The cloud enables enterprises to efficiently implement best-of-breed services while serving the varied needs of a business.

Make Agility Part of Your Process

Harvard Business Review

Rational managers for the past thirty years have tightly focused on efficiency, cost cutting, and day-to-day execution — perhaps to a fault. With increasing industry disruption, efficiency is fast becoming of secondary importance to innovation and agility. IBM has 15 enterprise processes that cut across business units and geographies in such areas as sales, marketing, software development, procurement, HR, finance, client-facing IT services, and internal IT support.

Rethinking the Function of Business Functions

Harvard Business Review

Business units come and go, but finance, HR, IT, marketing, legal, and R&D are forever. If a company wants to be better than anyone else, at something relevant to its customers, its specialists must be more efficient, technically proficient, and creative than ever before. Nonetheless, many CEOs and top executives struggle with their functional organizations, and some question whether the established functional model is still relevant.

Jack Ma on Taking Back China’s Blue Skies

Harvard Business Review

Clearly, this helps producers and consumers, but taken as a whole, society is more efficient and everyone is better off. Just as the Internet is revolutionizing retail, we at Alibaba believe it will eventually do the same to fundamentally information-driven industries such as finance, education, and healthcare. Despite the incredible transformation China has gone through over the last several decades, we face tremendous challenges going forward.

Have a Real Impact; Keep Your Day Job

Harvard Business Review

Matt Ellis at CBRE, a global leader in real estate services, is designing financing structures that will provide capital for clients' energy efficiency initiatives. Tor many people who want to solve pressing social and environmental problems, founding a social enterprise is the strategy of choice. The lure of establishing an organization that uses market mechanisms to achieve its mission is substantial.

Greece in the Balance

Harvard Business Review

It is unable to collect taxes fairly, thus imposing unreasonable tax burdens for the few who work and pay taxes; tax evasion is still rampant; and, perhaps more importantly, the excessive red tape, strong bias for incumbents, and weak competition authorities get in the way of the efficient functioning of the economy. True, to the surprise of many analysts, the prime minister, Antonis Samaras, abandoned his earlier populist rhetoric and tried to sort out public finances.

Scaling Up Without Losing Your Edge

Harvard Business Review

Without economies of scale, they argued, developing societies would never develop the efficiencies needed to modernize. Although they retain a pro-poor focus, they generate the profits necessary for BRAC to be 70% self-financed in Bangladesh, where BRAC is based. Ruthlessly efficient? Forty years ago, British economist E.F.

The CIO in Crisis: What You Told Us

Harvard Business Review

Historically, people got to the C-suite by progressing up the career ladder in one discipline, moving among multiple companies until they made it to an executive role in finance, sales, etc. One observation from all this is that there is an endemic problem across the C-suite: there has been such a long-standing culture of domain and functional specialization focused on efficiency that the overall gestalt of the business and its efficacy at creating and maintaining a customer has been lost.

Innovating the Toyota, and YouTube, Way

Harvard Business Review

These investments are more about the development of human capital than finance. For stock exchange personnel, it meant sitting through demos and simulations from a high-frequency, algorithmic trading firm intent on communicating how technology could improve efficiencies and liquidity. In terms of people, processes and technologies, Toyota and Google's YouTube have little in common.

Business Needs to Do What Government Can't

Harvard Business Review

As Ashoka CEO Bill Drayton told us, the ongoing shift in our economies means we must abandon institutions where a few people tell "everyone else how to repeat together efficiently, be it a law firm or an assembly line, a world characterized by a limited and vertical nervous system." Breakthrough Finance. How easy is it to change a flawed economic or governance system, such as our current 1.5-planets-and-counting forms of capitalism?

Does Your Company Have the Right Number of Salespeople?

Harvard Business Review

But when leaders take this conservative growth approach even when there is reasonable certainty of success and available financing, they undersize their sales forces and forfeit opportunity. Often, by shifting coverage of lower-value customer segments to more efficient channels such as telesales, it's possible to improve financial ratios while giving up minimal coverage of market potential. For sales managers, this is not an easy question to answer.

Is Leadership Development the Answer to Low Employee Engagement? (Yes.)

N2Growth Blog

Research by Gallup, as reported in The State of the American Workplace in 2013, discovered that roughly 70% of workers were disengaged. It’s critical to encourage leaders to embark on an ongoing journey that develops a capacity to lead others effectively, efficiently, and for years to come. Some may be engineers, marketers, finance directors, or salespersons.

Rethinking the Bank Branch in a Digital World

Harvard Business Review

More US bank branches closed in 2013 than ever before. Branches in the US accounted for roughly three-quarters of primary new account openings in 2013. Branches may be fewer in number, but they will be more useful and efficient, and banks without branches are likely to find themselves at a competitive disadvantage. Finance Internet Retail More than 85% of retail banking transactions are now digital.

How Companies Are Already Using AI

Harvard Business

For example, our survey, which asked managers of 13 functions, from sales and marketing to procurement and finance, to indicate whether their departments were using AI in 63 core areas, found AI was used most frequently in detecting and fending off computer security intrusions in the IT department. By the time he left Amazon in 2013, his group had grown from 35 to more than 1,000 people who used machine learning to make Amazon more operationally efficient and effective.

Don't Abandon Crowdfunding -- Manage It

Harvard Business Review

will not be legalized until 2013). The kinds of start-ups that can most quickly and efficiently attract these funds (and garner the most money per campaign) are, the report goes on to specify, those that offer digital goods like software applications, games, films, and literature. Entrepreneurship FinanceIn the recent HBR article "The Crowdfunding Road to Hell," Daniel Isenberg argues persuasively that crowdfunding — specifically equity crowdfunding — cannot work.

Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

The majority of small businesses rely on such loans, and in the fall of 2013 alone, 37% of small businesses applied for credit. In comparison to larger firms, small businesses are less well equipped to efficiently navigate the loan process  in economic parlance, their search costs are higher. And for banks, the transaction costs of a loan tend to be the same regardless of the loans size, such that larger loans are a more efficient use of time and resources.

Why Those Guys Won the Economics Nobels

Harvard Business Review

The Swedes had given the award to one guy, Eugene Fama , who is best known for originating something called the efficient market hypothesis, another guy, Robert Shiller , who once called the efficient market hypothesis “one of the most remarkable errors in the history of economic thought,” and a third guy, Lars Peter Hansen , whose work is so dense that even academic economists couldn’t satisfactorily explain it or its connection to Fama and Shiller.