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The Bottom Line

 
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July 2013

The 4 Traps of Decision-Making

imageAs a business leader, you are constantly faced with decisions.  Do I hire her or not?  Should I let go of him or not?  Do I invest in a new product?  The list goes on and on regarding decisions business leaders have to make.  However, as it turns out, business leaders have a pretty bad track record of decision-making.  In fact, according to Chip and Dan Heath, over 80% of merger and acquisition decisions, some of the most important in business, end up as bad decisions. 
 
As it turns out, part of the problem comes from the way we frame the decision and subsequently how many alternatives we produce – if any.  For instance, how many times have you considered whether or not you should do something?

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About Us

In today's competitive business environment, success is continually measured by bottom-line results.  Beginning in 1993, CCR has used a proven system for expense reduction that has been directly responsibile for generating significant cost savings for clients in many industries.

We generally target indirect and consumable expense categories. We sometimes look at our client's direct spend and utilize technologies such as reverse auctions.  Our strategy is to consolidate the number of suppliers, leverage the spend, negotiate better terms with our client's existing suppliers, and/or recommend a proven alternative supplier.  Our process is effective and we do all the work!

Regardless of the size of your organization, savings can almost always be generated.  Best of all, our services are contigency based.  No savings, no fee! 

To learn more about CCR, click here or contact Vic Ronder at consulting@ercinc.com

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Disrupt Your Thinking, Transform Your Business

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Plenty of entrepreneurs claim that they are "disrupting" their industry. But, Luke Williams, a professor of innovation at NYU Stern School of Business and author of Disrupt (FT Press, 2010), says most companies deal only in incremental changes that support their current business model -- and that's not enough.

For example, while many business experts often point to Kodak's downfall as an example of a business that failed because it didn't innovate, he maintains that every business is a Kodak. "It's hard to put your hand into a car's engine when the car is still running, but that's what disruptive innovation is -- changing the way things are done before your business is backed into a corner," said Williams, who spoke to a crowd of 800 business leaders at the World Innovation Forum in New York City last week...
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When and How to Hire Additional Employees

imageAs a business owner, one of your most important tasks is workforce management. It's your job to make sure you have the right people--and the right number of people--to keep your company running smoothly. Now let's say your business is growing and you're sensing you need to hire new employees. How can you really be sure the time is right to bring in additional staff? There are at least seven common clues:

  1. Your employees are working very hard--perhaps too hard--and they're letting you know--or complaining--that they have too much to do. Complaints of this nature aren't uncommon, but your task is to determine if they're legitimate...

» Read More

In Recovery, Companies Prepared to Invest in Growth

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Ready, set, grow?  Such is the mind-set of finance executives around the world as they shift from a cash-hoarding mentality to preparing to blaze new paths to expansion in a slowly revving economy.  It's an unmistakable, if unevenenly distributed, sentiment that emerged from the sixth annual "Global Business and Spending Monitor," which CFO Research produced in collaboration with American Express...
 » Read More

 

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Vic Ronder
Corporate Cost Reduction
27902 Meadow Drive, Suite 130
Evergreen, CO 80439
Consultation: (877) 255-2511 | Direct: (303) 674-2511
CCR Website  |  consulting@ercinc.com

 

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