Monthly Archives: October 2012

CFO of the Year Awards

I had the distinct pleasure of being on the judges panel for this year’s Memphis Business Journal CFO of the Year Awards with the winners being announced yesterday at the awards breakfast on the campus of The University of Memphis. This year’s finalists included 14 outstanding CFOs in 5 different categories (Private companies with less than $100 million in revenue, private companies with more than $100 million in revenue, nonprofit organizations with less than $30 million in revenue, nonprofit organizations with more than $30 million in revenue and public companies).…

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The Importance of Structure and Systems

Company leaders should always maintain an attitude of nimbleness to respond quickly to market place changes, competitor moves, and customer needs.  Responding quickly to demands from whatever source is what often gives a smaller company a competitive advantage over a larger organization.  This next statement may sound like a contradiction to what was just stated. …

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What Cloud Computing Really Means

What cloud computing really means
By Eric Knorr, Galen Gruman | InfoWorld
Cloud computing is all the rage. “It’s become the phrase du jour,” says Gartner senior analyst Ben Pring, echoing many of his peers. The problem is that (as with Web 2.0) everyone seems to have a different definition.
As a metaphor for the Internet, “the cloud” is a familiar cliché, but when combined with “computing,” the meaning gets bigger and fuzzier.…

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The Reality Principle

I consider what I term The Reality Principle to be of supreme importance for any business that desires to achieve its goals.  Actually, I believe that any business that does not embrace this principle risks its very survival during these uncertain economic times.  You may have heard of this principle being a concept developed by Sigmund Freud. …

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Leaving Yourself an Out

I recently attended an exit planning conference in Boston. After the conclusion of the conference I made the ill-advised decision to leave Boston for Washington DC via Interstate 95. On Friday afternoon at 5:30, no less! Compounding the usual traffic snarl was a heavy dose of road repair, with intermittent lane closures.…

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