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The expanding risk management universe
Dr. David Hillson Business Management, Services & Risk ManagementLike the physical universe, the risk management universe is expanding. This is true in two distinct ways: enhanced depth of analysis and increased breadth of application. We might describe these as the micro perspective (looking closely at the nature of the risks we face) and the macro perspective (looking at the bigger picture to see if we are missing anything). In addition to these, we need to think about how to manage the risks that we currently cannot see.
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Spring is here: 3 simple tips to re‑energize at work
Catherine Iste Business Management, Services & Risk ManagementEven after all the seemingly nonstop, massive weather events around the country this winter, spring is still fighting its way into our lives. Encourage it by using these three tips to add a little spring to your step and re-energize at work.
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Trump trade-off: China imposes tariffs on US goods
Seth Sandronsky Civil & GovernmentThe world's two largest economies are not feeling the love on trade. China imposed $3 billion of tariffs on a range of U.S. goods on Monday. The bottom line on the impact is straightforward: tariffs hike prices for businesses and consumers in both nations.
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Help your employees deal with grief
Lisa Mulcahy Business Management, Services & Risk ManagementIt's a common scenario, unfortunately. One of the best members of your team suffers the loss of a spouse, parent, sibling or child. Corporations, of course, allow for some bereavement time, but experts say the process of working through the initial stages of grief can last on average between six months and a year, and in some cases even longer.
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Negotiating commercial leases: Beware of the agent’s dual agency
Dale Willerton and Jeff Grandfield RetailFor many commercial tenants, negotiating a good lease or lease renewal against an experienced agent or landlord can be a challenge. While an entrepreneur focuses on marketing and managing, savvy real estate agents and brokers are specialized salespeople. Their job is to sell tenants on leasing their location at the highest possible rental rate.
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The benefits of talking less in the workplace
Catherine Iste Business Management, Services & Risk ManagementLiving in Southern California for 10 years, I have seen colleagues participate in many kinds of fasts. Food-oriented ones dominated for a while: juice, water, soup and broth were all common. But over the last few years technology fasts — cellphone diets and vacations from TV — have become popular. Whether it was crankiness, weight loss or the inability to text about "Game of Thrones," I always noticed and enjoyed comparing the before-and-after differences.
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The skills gap: Real or monopsony?
Shawn Smajstrla Business Management, Services & Risk ManagementIn case you haven't heard, there's a skills gap in the United States. That has become common rhetoric over the past few years and seems to be the refrain on business pages across the country. The flames were fueled by recent reports that U.S. job openings set a record high in January of this year.
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3 steps leaders can take to achieve and encourage flow
Catherine Iste Business Management, Services & Risk ManagementWorking in a flow state allows anyone from a cashier to an extreme athlete to accomplish amazing things. Experiencing flow states in the office increases pleasure and creativity, produces lasting satisfaction and better results faster, plus it reduces stress.
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The social cost of doing business
Delany Martinez Business Management, Services & Risk ManagementThe debate over corporate personhood continues to rage on, but it brings up a larger societal question in the process: Should businesses wade into charged sociopolitical issues? The natural inclination is to avoid liability wherever possible, and that definitely stretches into expressions and "taking sides" for most businesses, whose leaders prefer to stay as neutral as possible in the public eye.
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Hike: Fed raises interest rates for businesses and consumers
Seth Sandronsky RetailAs the economy grows and a low jobless rate of 4.1 percent continued for a fifth straight month, the Federal Reserve Bank under Chairman Jerome Powell took action March 21. In a statement, the U.S. central bank announced that it will "raise the target range for the federal funds rate to 1-1/2 to 1-3/4 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation (increased prices and decreased buying power of money)."
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