Stephen Covey in his book First Things First observes that great leaders appear less stressed and seem to have more time on their hands than the rest of us. He drew a time-management diagram, pointing out that far too often we are firefighting in the ‘urgent and not important’ quadrant. We should instead allow such […]
The pursuit of growth through takeover or merger (TOM) has made a small, select group of executives, investment banks and consultants very wealthy while diminishing the wealth of a vast number of shareholders. Why do so many TOMs fail to deliver the perceived synergies and cost savings?
Synergies. First of all, the synergy calculations are […]
The belief that the month-end report is useful. It is too late to change anything, the horse has bolted, and management should know the number if they have been provided with key daily and weekly information. The M/E finance report should be a one pager (A3).
The belief that there is a magic number to aim for. Accountants […]