Four Engines of Creativity

In times of increasing incorporation of technology in information processing and business operations, creativity is hard to come by whether on the frontier of an industry or passing the first barriers to entry. It is important to observe and wonder about curiosity in the business environment to figure efficient approaches to creative solutions. An approach…More

2021 Supply Chain Executive Order

The 46th President issues an Executive Order on America’s Supply Chains, which calls for production of a report of risk, and policy recommendations for supply chains by specific criteria. The expectation for the report is within 100 days of the order. Some specifications of the report build on work done in previous Executive Orders 13806,…More

What is in a Question?

A question is the beginning of information sharing with another person. This is so important in communication, but most of us never receive any formal training in inquiry. For some, this subtle art comes easy to help maneuver daily life. In the business environment; massive training programs help investigators, data scientists, and other professionals build…More

Decision Making Tool – Fraction Value Table

Research I am often comfortable with my decisions but I research other methods of making them, to see if there is something I could incorporate to improve my process. I found a few books in the subjects of financial planning, personal well-being, and self-help that suggest a table with varying set ups. I will present…More

Annual Consumer Price Index and Inflation from July 2019

Disclaimer at bottom of page In order to achieve our financial goals, we need to remain aware of the business cycle. Many trends will start and end, but will be difficult to track and be prepared for. Trends could also be localized to a different region, skill or trade. The business cycle is cyclic and…More

Production Processes

The Essentials The essentials to the production process include: capital, land, and organization.  Form Utility is the value producers produce materials in the creation of goods and services.  Manufactures take raw materials and change into a final products.  Service providers provide services to patrons.  Production processes have three requirements: Build and Deliver products in response…More

Three Places To Find Your Entrepreneurship

Entrepreneurship Whether you have a goal for some point later in your life, or in the not so distant future to own a business; you should understand entrepreneurship pretty well in order to succeed.  An entrepreneur creates a unique value proposition using the five factors of production; Land, Labor, Capital, Entrepreneurship, and Knowledge.  There are…More

Risk Management in Business

Risk Management Please consult with your insurance, legal or risk management team member for further information specific to your business.   Risk in business refers to the change of loss, the profitability after an event of loss, the amount of possible loss and triggering events.  Risks can be classified into two types, those of pure and…More

4 Product Strategies

Consider a Few Decisions What kind of people do you want to meet and be around.  What are your interests, or what is important for the people you are trying to serve.  you have probably already answered these questions and know what kind of business to start.  Before you start buying inventory you should know…More

Professionalism

Put On The Polish Good manners are increasingly becoming the standard in corporate America.  As professions become more competitive individuals and groups with the most shine make it to the top.  It must become 2nd nature to achieve and maintain a competitive advantage in today’s work environment. [An update on Etiquette has been planned for…More