Financial markets and how it will affect you
This is our annual review of the Banking, Rental, and Leasing markets. Where they are and where they are going. All in all, things look pretty good with a qualifier regarding inflation, interest rates, and a potentially dangerous upswing in the new COVID-19 variant. Boy, that is quite a swing in expectations which basically suggests you plan conservatively, take advantage of short-term opportunities and keep looking over your shoulder...
Finding the hidden innovators in your company: Leonardo da Vinci, Thomas Edison and the rest of us
Most people who work in a corporate environment are familiar with some type of personal style indicator — Meyers Briggs Type Indicator, Strengths Finder, DISC profile, and many others. However, there’s a less well-known one that’s particularly relevant and useful in innovation and it is specific to your creative thinking style. At the heart of creativity and innovation is problem-solving. Since all humans problem-solve, by...
KION Group starts research project ARIBIC: creating high-resolution digital twins of warehouses
Project partners KION Group, LeddarTech, Karlsruhe Institute of Technology (KIT), and the STARS Lab at the University of Toronto develop intelligent indoor cartography ARIBIC is funded by the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) and the German Federal Ministry for Economic Affairs and Energy (BMWi) Project scheduled for completion in the fourth quarter of 2023 The KION Group and its...
Forks in the road
Hope you noticed I used a plural for the word “Forks”. Did it on purpose because every company out there will have many decision points to consider regarding post-pandemic activity, many of them uncomfortable to discuss but in some shape or form necessary to deal with. And when you add the “forks” into the mix it seems managements time will be increasing preparing plans for ’22 and beyond using gameplans that are drastically...
Job Shock: Solving the Pandemic & 2030 Employment Meltdown Part V: Talent Rx: RETAIN Partnerships
The COVID-19 pandemic has triggered widespread doubts about the future. The U.S. job market is in chaos. At the end of April 2021, the U.S. Bureau of Labor Statistics reported an unprecedented 9.3 million job openings across many business sectors. Might this finally be the right time to start anew and find fresh solutions to the skills-jobs shock now underway? Today’s unprecedented economic upheaval presents an unprecedented...
Keeping good salespeople is harder than finding them
Hiring a great salesperson is one thing. Keeping him or her on the team is another. Often the manager or boss is too busy scrutinizing and measuring the salesperson’s performance, and ignoring their own part of the partnership. The part necessary to support, build and keep a great team. What are you doing to keep your salespeople? Here’s a list of 24.5 elements to build and grow a stellar sales team: Structure a fair compensation...
Departmentalization leads to Compartmentalization
It always amazes me how as dealers, we all tend to organize ourselves the same way. I suppose I really shouldn’t be amazed. In any industry, there are methods and processes that are proven to be efficient. These methods become “best practices” in the industry, and the effectiveness of the process should naturally draw most of the participants to mimic the most productive model. Financially the “best practices” in our industry call for...
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