Culture changes are much more complicated than they seem. Why? It’s simple: a culture is pervasive. It’s in every nook and cranny of an organization, and it has deep roots.
“When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.”
Every great idea starts with a notion and a blank piece of paper. The process that comes after this is the hard part when it comes to delivering the final product.
Are you facing a hard decision in your business today? Let’s face it, the answer to that is usually “yes” on any given day. However, the decision may not be hard at all; it is simply unpleasant – very unpleasant. Here is the difference between the two.
How much does it cost to operate your business for a day? I have two companies, a manufacturer and a wholesaler. It costs $34,000 each day to operate the manufacturing company, and $3,200 to operate the wholesaler. Why is that important? It serves as an instant indicator of profitability, and gives me the earliest possible warning of developing problems. The numbers are calculated very simply. They are the total annual cost of EVERYTHING BUT THE MATERIALS WE USE, divided by the number of days the business operates in a year. They are what we spend on wages and benefits for all our people, plus rent, and utilities, and advertising, and