Nothing like cash

How much cash do you have in your pocket right now?  Silly question, right?  Who carries cash anymore?  Isn't it much better to have your cash invested in higher-yielding opportunities?    But wait — if you needed more cash today or tomorrow — are you sure you could get it?   This reality is why the conventional wisdom…

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Please, Please Stop Talking About Vision

What is the problem with vision? Consider these words of wisdom from two famous kings:   “Where there is no vision, the people perish.” – King Solomon (Proverbs 29:18) “A little less conversation, a little more action please — All this aggravation ain't satisfactioning me.”   – The King of Rock & Roll, Elvis Presley If you’ve ever…

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Pepsi’s Bottlers and Apple’s Chips

What do Pepsi and Apple have in common?   Pepsi is offering to acquire its two largest bottlers and Apple is building a team to design its own computer chips for the iPhone and other products.   In an increasingly outsourced world, these companies are both insourcing in very significant ways.  What is the major lesson for business…