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5 Tips to Manage Your Finances Before a Recession

Strategy Driven

Here are five tactics to make your finances recession-proof: 1. Savings is an integral part of personal finance management. Hedge Your Income Sources. When you have multiple income sources in a recession, it helps hedge your earnings and diversifies your risk of losses from a particular source of income.

Finance 99
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Why Consensus Kills Team Building | N2Growth Blog

N2Growth Blog

And as odd as it may sound, one of the greatest impediments to building productive teams is practicing management by consensus. To be blunt, the concept of equality in the workplace has only made team building more difficult as employees seem to have a sense of undeserved entitlement with regard to their roles and responsibilities.

Consensus 333
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When Good Management Is a Matter of Life and Death

Harvard Business Review

The successful CEOs in our study were hyper-vigilant about threats around them (the paranoia part) and also took action to mitigate those threats, whether in the form of building buffers or hedging (the productive part). The ratio of noise to helpful information goes way up too, making it difficult to interpret and manage.

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Bill Ackman Is Just Doing God's Work

Harvard Business Review

Everybody has been piling on to hedge fund manager Bill Ackman lately. Ackman''s short-selling campaign against vitamin distributor Herbalife has blown up in his face, with the company''s stock up more than 75% since he unveiled his position last December and some of his most prominent hedge fund competitors profiting from his misery.

Hedge 8
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A 6-Part Tool for Ranking and Assessing Risks

Harvard Business Review

But sometimes war tactics really can help in business. Among these tactics is CARVER, a system for assessing and ranking threats and opportunities. To consider another example, say a hedge fund is looking to acquire a tech company that claims to have a leading-edge technology. David Crockett/Getty Images.

Tools 11
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How Leaders Should React When Someone Disappoints

Harvard Business Review

” the CEO of the hedge fund yelled at one of his portfolio managers. ” The portfolio manager muttered a weak defense which the CEO promptly and easily tore to shreds. When the manager left his office, the CEO turned to me, exasperated. “Why?” “Why would you increase that investment?

Hedge 8
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Pushing Employees to Go the Extra Mile Can Be Counterproductive

Harvard Business Review

Convincing employees to go above and beyond the call of duty may be the epitome of personnel management. How talent management is changing. Surveying 180 teams of employees and managers at U.S. Good acts build up credits which act as a hedge against the debits of future bad acts. Insight Center. Sponsored by Korn Ferry.