Lessons Learned: What is scientific management?
As part of the ongoing, let’s ensure the basics are in line, here is an overview from wikipedia on Scientific Management: Scientific management, also called Taylorism or the Classical Perspective, is a method in management theory that determines changes to improve labour productivity. The idea was first coined by Frederick Winslow Taylor in The Principles [...]
Lessons Learned: Net Present Value
So a concept which is seldom put into most models and business plans is NPV. NPV is the concept/construct for evaluating long term projects and investments. Every company does it slightly differently in respect to the defining the acceptable discounting values to use in a NPV analysis. Why is NPV beneficial? It provided a barometer [...]
Lessons Learned: How to calculate Gross Margin
I seem to have to answer this question 1 or 2 times a month for newbies inside the business or for the same guy which throws away my email every time I give it to him, so I thought I would do a lessons learned on Margin. Sometimes I’ve heard folks say contribution margin, but [...]
How much time can you spend blogging?
While a fairly straight forward question, the reality is more than you think. The other reality is it is more than I thought I would need to as well. So here is yesterday’s inventory of tasks: 1. Look at other blogs: Ross Mayfield, Seth Godin, Lisa Stone, Doc Searls, 3 random blogs and 2 how [...]
