Quite often at Clare Associates we find ourselves picking up the pieces of previous attempts to solve business problems, especially with the company website. Usually these problems can be traced back to the decisions taken when this website was first developed. The first type of business has money to spend, but no time. They say… Continue reading Some businesses throw money at a problem; some businesses throw time at a problem. There is a third way…
Here’s a good business cliche, the sort that David Brent would use: “Your people are your most important business resource.” But if you look at how many businesses are run, you might assume that people are only a useful business resource because they are cheaper than robots. Work for a big company, and you might… Continue reading If your people are your “most important business resource”, why don’t you ask them what they think?
If you read cartoons like Dilbert, one common theme you’ll come across is that of the poor downtrodden worker who knows more about his job than his boss. In Dilbert’s case, he’s a hardworking and brilliant engineer. His ‘pointy-haired boss’ is pretty clueless about Dilbert’s work and, well pretty much everything really. Above the pointy-haired… Continue reading Do you need all those levels of management? Do you really need that extra manager?
In my last Clare Associates blog post, I looked at aggregate demand curves and aggregate supply curves. We know that for a given product, demand is higher if the price is lower and supply is higher if the price is higher, and how in a competitive market, the market price will tend to the intersection… Continue reading Important Economics Concepts Every Businessman Should Know, Number 3: Elasticity
For many years now, I’ve spent a fair amount of time in local school sixth forms (helping to run this). One thing that surprises me about schools today is how few of them teach economics. While it’s true that you don’t need an economics degree to run a business, some of the theory will… Continue reading Important Economics Concepts Every Businessman Should Know, Number 2: Supply and Demand
This is the third in a series of articles on Opportunity Cost and why it matters in business. Part One Part Two Opportunity cost is one of the most important concepts in all of economics. If you understand it, you can start to see the world in a slightly different way. It’s also one… Continue reading Opportunity Cost, Part Three of Three – Why This Matters In Business