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Angus & Robertson Scandal: Demands cash from 40% of suppliers
Angus & Robertson sent a letter to 40% of their suppliers demanding cash payments and rebates as a condition of continued business. The scandal broke at Susan Wyndham‘s Undercover blog over at the Sydney Morning Herald, firstly in Bookshop chain puts bite on small publishers and then in more detail today A&R Dumps Books. A friend…
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I got in to AGSM!
Wow these guys work fast. I received an email Offer to Commence MBA (Executive) Program at AGSM. Now I have to pick subjects and apply for the Federal Government’s FEE-HELP interest free student loan. As an Australian citizen I’m eligible for a loan paid back through my tax return once I’m earning above the threshold.…
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Would you like fries with that?
On of my favourite quotes is “would you like fries with that?” It is the best-known, English-language suggestion sell. And it works. Every business can up-sell something to a customer who has their wallet open. It’s just a matter of getting creative enough on your product or service offering. I tend to favour the suggestion…
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Executive MBA application
I’ve applied to do an Executive MBA at the Australian Graduate School of Management (AGSM). Long-time readers will know my advice from October 2003 to hire MBA’s rather than become one. I fear most MBA’s are blatant credentialing, especially if the school accepts people who lack industry experience. However the AGSM is consistently ranked at…
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Risks of serving on a board of directors
Directoship Risk was a question asked and answered by a LinkedIn connection of mine – the erudite Dr. Earl R. Smith II Executive Director of Longview. Actually Dr Smith covered more than risk, he laid down some Board of Directors – Basic Principles and included great perspectives on Director compensation. He also invited comments on…
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Acquiring a private company
I’ve been negotiating the potential acquisition of a private industrial company. All the details are covered by a non-disclosure agreement, so I can’t provide a case study (yet). At this point in time the deal is not going through once we asked the target what their price expectation was. The target has retained the services…
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Theory of Constraints spelling
Yeah I misspelled Theory of Constraints in my rush to post earlier. I don’t normally spell it Thoery of Contraints. I thought I’d add another point that I learned from The Goal. In business accounting Inventory is an asset, which normally means it is a good thing. However inventory must be insured, counted, protected and…
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Theory of Constraints
I got a question on my mention of Theory of Constraints (TOC) in an earlier post. As my factory production has reached capacity, my most critical goal is to introduce TOC into my production facility. I first heard of the Theory of Constraints in the book The Goal by Eliyahu M. Goldratt and Jeff Cox.…
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Deal with the Micro Manager
A former CEO of mine was a micromanager. I knew this before I took the job as the company was a client for a couple of years. Socially, I like my boss and we’ve know each other for many years. I’d even call us friends. Given my interest in entrepreneurship, I have strong feelings against…
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ASX Company Announcements RSS feed
Update 8 June 2011: The twitter feed of all company announcements is now at @mktbot which has an RSS feed. See goosmurf’s comment below for a Yahoo Pipes piggy back. Update 31 July 2009: I may have a solution, stay tuned and comment below if you want this. Alternatively use my contact form. Update 2007:…