Management Review

Articles from Vol. 79, No. 10, October

Business Ethics: Blackjack or Bust?
Business Ethics: Blackjack or Bust? As founder and CEO of my own company, as a principal in one of the largest U.S. professional service firms, and as an advisor to top management in commercial and private sectors, I have observed wide swings over...
Cash Is King
Cash Is King Happiness is a positive cash flow. In today's volatile financial environment, companies lacking sufficient cash flow will fall into bankruptcy. Remember when Donald Trump said that he wanted to become "King of Cash" to take advantage...
CEOs Speak out on Directors
CEOs Speak Out On Directors If you look at the board of directors at almost any Fortune 500 firm, you're bound to notice that many board members--especially those who sit on the executive committee--are chiefs themselves. The reasons are obvious:...
Corporate Terrorism: A New Global Threat
Corporate Terrorism: A New Global Threat In late March 1987, Occidental Petroleum executive Paul Richards began the 366 most terrifying days of his life. Richards (not his real name), a production supervisor for Occy's Canon-Limon oil field, was kidnapped...
Environmental Liability Insurance
ENVIRONMENTAL LIABILITY INSURANCE Concern about environmental liability is increasing, fueled by catastrophic environmental disasters that make the front pages. But the headlines skirt the tough issues of insurance and liability. Within the scope...
Getting the Homeless Back to Work
Getting the Homeless Back to Work Hire the homeless? Trust them with a job? How can they be managed? How can they be trained? Aren't they all drug addicts? Sure, I'd like to help, but... Carlton Nash, a recovering drug addict and alcoholic who...
Heading South of the Border
HEADING SOUTH OF THE BORDER If the United States is looking for a little economic pick-me-up, it need look no further than South of the Border. A comprehensive bilateral trade and investment agreement between the United States and Mexico would be...
In Praise of a Managerial Whipping Boy
In Praise of a Managerial Whipping Boy Meetings, like committees, have become a whipping boy of management. John Kenneth Galbraith once said, "Meetings are indispensable when you don't want to do anything." Peter Drucker has claimed, half-seriously,...
Is It Risky to Give the Boss a Good Idea?
Is It Risky to Give The Boss a Good Idea? Management experts emphasize the importance of asking employees for ideas. Companies advertise that they want to hear from employees and develop suggestion systems. You would think employees would feel free...
Joint Ventures: Not the Panacea of Global Business
Joint Ventures: Not the Panacea of Global Business Business executives frequently inform their lawyers that they have just agreed to enter into a joint venture and expect the lawyer to prepare the necessary contracts. It sounds simple so far. After...
Life in the Boardroom, 1990s Style
Life in the Boardroom, 1990s Style The '80s were a turbulent decade for directors. Boardrooms were under siege from hostile takeovers, shareholder lawsuits and reams of criticism from the business press. To survive this on-slaught, corporate boards...
Making the Most of Your Annual Report
Making the Most of Your Annual Report Just because an annual report is a SEC-filed document doesn't mean it has to wear a lawyer's pinstripe suit and horn-rimmed glasses. Too often, those responsible for creating corporate America's yearly scorecard...
Operation Bad Guy: What to Do before the Pickets Arrive
Operation Bad Guy: What to do Before The Pickets Arrive Barbara Baldwin manages a medical clinic; Hal Dittrich is a retailer; Neil Ruenzel works for a boat manufacturer. They're all decent, tax-paying citizens, the kind of folks who have well-behaved...
So, You're Giving a Presentation!
So, You're Giving a Presentation! Presentation anxiety is rampant. One survey of "executives' worst fears" reports that while the #3 fear is being dead and the #2 fear is being with an IRS agent, surprisingly enough, the #1 fear is being with a dead...
The Catch 22 of Energy & Environment
The Catch 22 of Energy & Environment Iraq's August invasion of Kuwait not only set world oil and gasoline prices soaring, but gave the United States a dramatic reminder of how potentially vulnerable the country remains to being held a petroleum...
The Most Influential Executives in America
The Most Influential Executives in America Our plan? To put faces to the men and women who sit on the most boards of the biggest companies in corporate America, and list the boards on which they serve. Our strategy? A special Management Review editorial...
Wanted: Yankee Business Experience
Wanted: Yankee Business Experience Ed Landreth has criss-crossed the world to such far away places as Sri Lanka, Indonesia, Peru, Turkey and Poland. Not a bad way to spend your retirement years. But when he packs for each venture, he brings more with...