managing

Modern companies as specialized venture capital firms

Posted April 15, 2009 - 10:13 by Philip Brewer

Career and Income, Small Business Resource Center

Preying mantis

In the old days, companies actually produced stuff. They invented it, designed it, made it, marketed it, and sold it. Although there are still some companies like that, they're a lot less common now. Many companies have shifted to an "asset light" model where they no longer own their own factories and equipment. Instead, they hire other companies to do most of the work. Understand how this works and you can turn it in your favor.

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Not the sort of person who ...

Posted November 13, 2008 - 06:54 by Philip Brewer

Personal Finance, Frugal Living

Forest in autumn

Wise Bread is stuffed almost to bursting with suggestions on how to live large on a small budget. We've got suggestions on how to spend less, how to earn more, and how to take control of your finances and your career. There are certain suggestions, though, that trigger a particular kind of negative reaction: The one where people say, "I'm not the sort of person who" does whatever it is that we've suggested. It turns out that lots of people think that way. Don't do that.

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Incentive plans always go awry

Posted March 27, 2008 - 10:04 by Philip Brewer

Career and Income, Small Business Resource Center

Carrot Incentive

Ever worked someplace that had an incentive plan (as in, "Hit these targets and you'll get a bonus")?  Ever been a manager whose job it was to administer an incentive plan?  Ever tried to create an incentive plan, hoping to get people to do more of what you want them to do?  Here's a little tidbit for you:  Incentive plans always go awry.

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