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5 Effective Strategies for General Contractors to Cut Costs

Strategy Driven

You may have to send lots of emails and hammer the phones. When working with a sub-contractor, you should consider multiple bids. This may take additional time, but the effort will be worth it in the end. But this will allow you to lock in on subcontractors that offer services at the least costs.

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Everybody Loves Bob – Faster Cheaper Better: The 9 Levers for Transforming How Work Gets Done

Strategy Driven

Hershman and Dr. Michael Hammer. The modern corporation that has evolved as a result consists of many specialized functional departments, such as sales, engineering, marketing, manufacturing, operations, and finance. Hershman is the Chief Executive Officer of Hammer and Company. About the Authors.

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Designing the Machines That Will Design Strategy

Harvard Business Review

It’s not implausible to imagine that one day a “strategist in a box” could autonomously develop and execute a business strategy. LTCM was founded, in 1994, by some of the best minds in finance theory, including two Nobel Prize winners. It must be embedded in what we call the integrated strategy machine.

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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.” But have they produced a plan with a strategy? Sorry folks, but not even one of these responses is a strategy. So naturally when they think “strategy” they focus on what they do.

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Small Business Cash Flow Management: Why It’s Important and How to Deal With Problems

Strategy Driven

Small businesses that fail to do this can get hammered by unforeseen costs, go into steep debt, and potentially close completely. Cash flow from financing. Not holding enough reserves – You should always aim to have cash in the bank to cover at least three to six months of expenses. Increase in accounts receivable. Notes payable.

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A Survey of 3,000 Executives Reveals How Businesses Succeed with AI

Harvard Business Review

Compartmentalizing accountability for AI with functional leaders in IT, digital, or innovation can result in a hammer-in-search-of-a-nail outcome: technologies being launched without compelling use cases. Resist the temptation to put technology teams solely in charge of AI initiatives. The biggest challenges are people and processes.

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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. can often have a superior attitude and be zealots with a hammer, so that everything looks like a nail. Consider the competition between push and pull camps in a major oil company.