7 Ways to Improve Operations Without Sacrificing Worker Safety

Harvard Business

The culmination was an incident at an insecticide plant in LaPorte, Texas, where, as a result of a basic process safety management failure , an extremely toxic chemical—methyl mercaptan—was released and two workers were overcome. To get management’s attention, I issued a statement declaring that “these four preventable workplace deaths and the very serious hazards we uncovered at this facility are evidence of a failed safety program.”

The 5 Easiest Ways to Build Business Credit

Women on Business

Guest Post By: Meredith Wood, Community Manager (Learn more about Meredith at the end of this post). Cash flow is the lifeblood of any small business, and as any small business owner knows, it’s one of the hardest parts of a business to manage. However, if your company can build business credit, you will find yourself gaining more opportunities to access cash. Whatever you do, don’t operate your business on your personal credit.

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What are the Best Working Capital Loan Options in 2019?

Strategy Driven

If you are operating a start-up, you may face problems with managing the cash flow of your business efficiently and may have to rely on working capital loans. Instead, they pay for the operational costs of a business and is a good indicator of the short-term health of the business. Instead, businesses operating on a small scale rely on loans to satisfy their capital deficiency. It also offers a line of credit which has a repayment period from 6 months till one year.

What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. Businesses and management experts, in contrast, tend take the opposite position. For instance, poor decisions by managers at a company will be of more concern if the company is one of a few or, even worse, a monopoly.

What Economists Know That Managers Don’t (and Vice Versa)

Harvard Business Review

But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. In this worldview, disasters only happen because the rules of the game in which the businesses operate must be flawed. Businesses and management experts, in contrast, tend take the opposite position. For instance, poor decisions by managers at a company will be of more concern if the company is one of a few or, even worse, a monopoly.

Four Steps to Fixing Your Bad Data

Harvard Business Review

As one might expect, officials are using the error and S&P's earlier failure to properly rate bundled mortgage products to argue that the downgrade is incorrect. From falsified mortgage applications and bundles of toxic mortgages, to incorrect credit ratings and balance sheets that couldn't be trusted, the financial crisis is as much about bad data as it is about unfettered greed. But they don't manage them that way. to manage quality.

The Real Challenge to Turkey’s Economy Isn’t Terrorism

Harvard Business

This still renders Turkey as a good base of operations for many international businesses that are invested in the Middle East, Balkans, and the Caucasus – inherently high-risk areas. Turkey’s general credit rating is still higher than that of Brazil, Croatia, Portugal, Cyprus, and Serbia. But it does help explain how the country has so far managed to insulate its economy.

How Blockchain Could Help Emerging Markets Leap Ahead

Harvard Business

This in turn boosted development by allowing relatively poor farmers to reliably send and receive payments at affordable rates, fostering economic growth by lowering transaction costs. Global trade, with local regulation facilitated by technology, works because technology makes the transaction costs manageable. Much has been made of the potential for blockchain technologies to open up new vistas for business and society.

Three Questions to Ask Your Advanced-Analytics Team

Harvard Business Review

Here's something that senior managers should keep in mind as they launch Big Data initiatives: Advanced analytics is mostly about finding relationships between different sets of data. Businesses operate in more spheres than ever — in-store, in-person, telephonic, web, mobile, and social channels. Say you're a manager at a consumer retail store — how many web customers also purchase at your brick and mortar stores, and how often?