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  • Other Added - Passing the After-Sales Test

    Current Estimate of Economic Impact of Options Backdating
    I had a discussion with Erik Lie about the experiences with Stock Options Backdating (SOBD) and the economic impact of his work. According to Erik, at least 15% of the stock options grants between 1996 to August, 2002,were backdated. Some were within 30 days of the grant date, others more egregious. The number of companies though he said that were going to come clean would be far less than 15%. Here is what we came up with.First the assumptions:1. # of companies that actually are investigated or asked by t
    is one ever repaired. No, they just end up in landfill alongside many other goods that are also thrown away rather than “made good”. No wonder many countries around the world are introducing legislation to limit the extent to which such goods can be tossed away so casually.

    So, next time you are considering a purchase, especially the purchase of an expensive product or a mechanical product, consider the following tests:

    1. Is it built to last?
    2. Doe
    How To Know When It's Time To Redesign Your Logo
    Early Logo BeginningsThe history of logo design and logos dates back to ancient Greece. The word "logo" means a name, symbol or trademark designed for easy recognition. The use of logos as trademarks has existed as long as there have been traders and merchants. They can be traced back to the thirteenth century. They include masons marks, goldsmiths marks, paper makers' watermarks and watermarks for the nobility, and printers' marks. Why Do Logos Change?Many factors
    Some time ago a major UK food retailer decided to branch out into non-foods. Well, they all do it now, but in those days it was unheard of. Alongside the fruit and vegetables, meat and tinned foods they sold refrigerators that they had purchased at very low cost from an eastern European company (these were the days when East and West Europe rarely traded with each other).

    These fridges were very cheap – and they worked! The retailer passed on much of this low cost to grateful customers who purchased them in great numbers.

    What the retailer didn’t consider was that fridges – unlike tins of beans – occasionally need spare parts. They sometimes breakdown or are damaged. What the retailer forgot was AFTER SALES.

    It was entirely understandable the customers would make the assumption that the retailer would have this in hand. Trouble is, they didn’t. The parts - and the engineers who knew who to fit them - were in Poland. So, to many customers, what seemed like a bargain turned out to be a problem. This retailer is now very successfully selling non-food goods alongside food products and I am sure they did the decent thing by refunding their disgruntled fridge customers of many years ago.

    Not all companies are so good with their customers. Some will sell products as a one-off transaction and will not be interested in what happens from the moment the product has been sold. “We don’t do repairs and we don’t sell spare parts. Contact the manufacturer.” This is not a lot of good if you live in the U.S. and the manufacturer is in Shanghai, for example.

    Of course, some products and are not designed to be repaired or refurbished. The manufacturers simply expect them to be thrown away at the end of their life, even if that life is relatively short. An example is the microwave oven. Who fixes yours? Nobody, I suspect. They are usually repairable, but rarely is one ever repaired. No, they just end up in landfill alongside many other goods that are also thrown away rather than “made good”. No wonder many countries around the world are introducing legislation to limit the extent to which such goods can be tossed away so casually.

    So, next time you are considering a purchase, especially the purchase of an expensive product or a mechanical product, consider the following tests:

    1. Is it built to last?
    2. Does
    Top 10 Skills for New World of Work
    There are many changes coming in the world of work, such as increased competition, the need for more education and certifications, and the trend to change careers 5-7 times in a lifetime. No matter what job or career path you decide to take, there are some basic skills that all employers look for. To succeed in the modern world of work, keep your skill set up- to- date. The following is a list of the top ten skills needed for the new world of work.1. CommunicationCommunication is the ability to effecti
    grateful customers who purchased them in great numbers.

    What the retailer didn’t consider was that fridges – unlike tins of beans – occasionally need spare parts. They sometimes breakdown or are damaged. What the retailer forgot was AFTER SALES.

    It was entirely understandable the customers would make the assumption that the retailer would have this in hand. Trouble is, they didn’t. The parts - and the engineers who knew who to fit them - were in Poland. So, to many customers, what seemed like a bargain turned out to be a problem. This retailer is now very successfully selling non-food goods alongside food products and I am sure they did the decent thing by refunding their disgruntled fridge customers of many years ago.

    Not all companies are so good with their customers. Some will sell products as a one-off transaction and will not be interested in what happens from the moment the product has been sold. “We don’t do repairs and we don’t sell spare parts. Contact the manufacturer.” This is not a lot of good if you live in the U.S. and the manufacturer is in Shanghai, for example.

    Of course, some products and are not designed to be repaired or refurbished. The manufacturers simply expect them to be thrown away at the end of their life, even if that life is relatively short. An example is the microwave oven. Who fixes yours? Nobody, I suspect. They are usually repairable, but rarely is one ever repaired. No, they just end up in landfill alongside many other goods that are also thrown away rather than “made good”. No wonder many countries around the world are introducing legislation to limit the extent to which such goods can be tossed away so casually.

    So, next time you are considering a purchase, especially the purchase of an expensive product or a mechanical product, consider the following tests:

    1. Is it built to last?
    2. Doe
    Don't Discount the Temporary Position Interview
    If you think, 'it's just an interview for a temp job -- no big deal,' that's where you're mistaken. Some wonderful opportunities, networking connections and careers have resulted from temporary positions.Temporary assignments today run the gamut from receptionist to CEO and beyond. And since an agency is usually the first contact with the company, much of the marketing and negotiations have been done for you.And if you believe 'but the interview is set up and all I have to do is show up,' you're wrong agai
    o, to many customers, what seemed like a bargain turned out to be a problem. This retailer is now very successfully selling non-food goods alongside food products and I am sure they did the decent thing by refunding their disgruntled fridge customers of many years ago.

    Not all companies are so good with their customers. Some will sell products as a one-off transaction and will not be interested in what happens from the moment the product has been sold. “We don’t do repairs and we don’t sell spare parts. Contact the manufacturer.” This is not a lot of good if you live in the U.S. and the manufacturer is in Shanghai, for example.

    Of course, some products and are not designed to be repaired or refurbished. The manufacturers simply expect them to be thrown away at the end of their life, even if that life is relatively short. An example is the microwave oven. Who fixes yours? Nobody, I suspect. They are usually repairable, but rarely is one ever repaired. No, they just end up in landfill alongside many other goods that are also thrown away rather than “made good”. No wonder many countries around the world are introducing legislation to limit the extent to which such goods can be tossed away so casually.

    So, next time you are considering a purchase, especially the purchase of an expensive product or a mechanical product, consider the following tests:

    1. Is it built to last?
    2. Doe
    Preparing For The PMP Certification Exam
    The Project Management Professional (PMP®) certification from the Project Management Institute is the globally recognized standard for project managers. A PMP® certification is often required for new jobs, or it may be a condition for promotion. Taking the next step in your development as a professional project manager requires a commitment of time and energy. Relying on your experience alone won’t be enough to earn the PMP® certification.What to look for when searching for PMP Exam Prep providers: <
    epairs and we don’t sell spare parts. Contact the manufacturer.” This is not a lot of good if you live in the U.S. and the manufacturer is in Shanghai, for example.

    Of course, some products and are not designed to be repaired or refurbished. The manufacturers simply expect them to be thrown away at the end of their life, even if that life is relatively short. An example is the microwave oven. Who fixes yours? Nobody, I suspect. They are usually repairable, but rarely is one ever repaired. No, they just end up in landfill alongside many other goods that are also thrown away rather than “made good”. No wonder many countries around the world are introducing legislation to limit the extent to which such goods can be tossed away so casually.

    So, next time you are considering a purchase, especially the purchase of an expensive product or a mechanical product, consider the following tests:

    1. Is it built to last?
    2. Doe
    Why You Should Not Advertise in the Yellow Pages in a Small Business
    Many people cannot believe that I will not endorse yellow page advertising, however over my 27 years in business I have found yellow page advertising to be the most expensive and the least effective. Many small businesses just starting out will advertise in the Yellow Pages because they believe this will help their business and bring in new customers.Sure, it will bring in some new customers but generally not the kind the customers you are looking for and not the customers, which are in a 10-mile radius of your
    is one ever repaired. No, they just end up in landfill alongside many other goods that are also thrown away rather than “made good”. No wonder many countries around the world are introducing legislation to limit the extent to which such goods can be tossed away so casually.

    So, next time you are considering a purchase, especially the purchase of an expensive product or a mechanical product, consider the following tests:

    1. Is it built to last?
    2. Does it come with a guarantee?
    3. Is there evidence of the product’s durability?
    4. Is it designed to be repaired?
    5. Are spare parts available?

    Remember also, that repair is better for the environment than replacement. Of course, old products do need to be replaced eventually, but why replace prematurely just because you have purchased a product that failed the tests above?

    One group of products that pass these tests with flying colors is Insect-o-Cutor Fly Killers. Have a look at www.flykiller.net and you will see them there.

    Let’s put them to the above tests:

    1. Insectocutor Fly Killers are made of steel. Their solid construction is one of their best selling points.

    2. They come with a 5-year guarantee

    3. Go to any restaurant or commercial kitchen and you will see Insectocutor fly killers that have been there for 20 years – and still going strong!

    4. Insectocutor fly killers are constructed in a logical way making repairs straightforward. Insectocutor also provides support for repairs.

    5. Insect-o-Cutor sells a range of spare parts for all of their fly killers – even for models that are no longer in production. And their best UK distributor, Arkay Hygiene – at www.eeeee.co.uk - is always happy to provide these spares as well as replacement u.v. lamps and glueboards


    After sales is just as much about the customer as it is about the product. Making a sale is not the end, it is just the beginning. Insect-o-cutor is a good example of a company that demonstrates its concern for it customers through the long-term support offered for its range of products. Just think on that one when you are next down the municipal dump with your broken down microwave!

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