Tag Archives: Economy
22 years ago, I left corporate life to start my own business for one central reason. I couldn't handle the fact that decisions were made, often critical decisions, based on political considerations. In other words, what does the boss think I should think or what does his boss think I should think ... or I owe someone a vote on a project because that someone gave me their vote. In this environment, poor business decisions are inevitable because political turf and inter-office relationships were more important than the bottom-line business results of the company. It was my own living hell.
Dear President Obama, I have written to you before through this blog and through your various websites. It is now 30 days since you were sworn in as our Chief Executive. While it is way too early to pass judgment, I have to say that what I have seen so far has dashed a great deal of hope for me and confirmed my fears.
1. Recession and even Depression 2. Unemployment Rates of 10+ percent 3. Dow Industrials of 5,000 4. GDP of minus 5% or worse 5. 12 million receiving unemployment benefits 6. Pre-packaged Bankruptcies in the Auto Industry 7. Major Retailers going out of business 8. More Bailouts for financial institutions 9. Housing prices falling another 30% [...]
Dear President Obama, I am a middle aged small business owner of two companies, one in telecommunications and one in internet marketing. I did not vote for you because I disagreed with much of what you espoused during the campaign.
The customer is the only person who is qualified to specify what quality means. This leads to detailed analysis of who are the customers, what are their needs, what features are required of our products/services, how do customers rate our products/services versus our competitors and why, how can we keep our customers satisfied? General Motor's new electric vehicle the Chevy Volt is a product innovation advancement that is intended to gain that customer focus. This vehicle will help consumers save money on gas and it may help General Motors win back their brand loyalty. GM finally starts to market to its customers' needs.
Well, we all saw the latest example of Capitalism at its worst this past week with the demise of Lehman Brothers, the bail out of Fannie and Freddie, and the $85 Billion Government line of credit for AIG. Stock prices went through violent convulsions with record swings involving almost 1,500 points in the Dow. What a ride!