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Monday, March 31, 2008
Our cringe-worthy corporate concept of the week comes courtesy of Saturday's Wall Street Journal in a story called, Burger King Whopper To Be Feted (sub req):
MIAMI -- Burger King Holdings Inc. plans to start building a new version of its restaurants this year called the Whopper Bar that will sell a wider variety of its signature hamburger in a hipper setting. The menu and size of the Whopper Bars will be smaller than a typical Burger King, but they will sell Whoppers not typically available at all times in the chain's traditional restaurants. Executives say they haven't finalized the menu, though it could include as many as 10 types of Whoppers, such as the Western Whopper, the Texas Double Whopper and the Angry Whopper, a version topped with spicy onions. One menu sketch has a section called "Pimp Your Whopper," where patrons can chose from additional toppings like jalapeno peppers, bacon and barbecue sauce. "Hey dad, can we go to Burger King for lunch? They have SpongeBob toys!" "Sure son, it's been a while since I've pimped my Whopper." "What does 'pimped' mean, dad?" "Well son, a pimp is someone who brokers the sexual favors of women for profits. Pimps are sort of underclass heroes. And since our society glorifies anything--no matter how crass, vulgar, demeaning, and damaging--that claims to be 'real,' pimps and the hoes they hustle have become an acceptable part of of our common cultural conversation. In this case, 'pimped' means to be way tight and decked out in expensive stuff as only someone living the pimp lifestyle would expect to be." "Wow dad, that sounds cool. Can I be a pimp when I grow up?" "You can be anything you want to be son. Now let's find your mother and sister and get us some lunch. I wonder where them hoes at anyway? Ha ha ha..." Labels: Business Thursday, March 27, 2008
Yesterday, I attended an all-day off-site strategic plan review meeting. Which meant another chance to take in a wave of business metaphors. In the first forty-five minutes alone, we were treated to military, fitness, and sailing metaphors designed to explain the current state of the business and what our future plans were. Some were apt, many were not.
But the one that really stood out was perhaps the least appropriate business metaphor I've ever heard. It was also the second time in two weeks that I caught it being employed, which somehow made it even more cringe worthy. While I understand the message that it attempts to convey, I just don't think that the admonition... "Don't carry the wounded." ...really has a place in the corporate world, especially if you reflect on what it actually means. This is a business we're talking about here, not Napoleon's retreat from Moscow. Better to stick to "treadmills," "trade winds," and "marathons" and leave the grisly military metaphors behind. Labels: Business Monday, March 17, 2008
Article in today's WSJ on small businesses who are reaching out to bloggers(sub req):
Businesses of all types and sizes are focusing on the power of bloggers as opinion shapers. But harnessing that power is particularly important for small-business owners who don't have the money to create name recognition with big marketing campaigns. By connecting with the right blogs, small businesses can generate buzz around their products and services and increase sales dramatically. This was really the key graph in the piece: Short of such a personalized approach, businesses should at least be sure to send their product to bloggers whenever possible, rather than simply sending a press release that describes the product, online-marketing experts say. Can't stress that one enough people. UPDATE: I almost forget another important tip from the article: The first step for any business that wants to use the blogosphere as a marketing tool is to identify blogs read by members of its target market. In order to make it easier for businesses (especially small ones) to determine if the readers of Fraters Libertas fall within the demographic sweet spot they're going after, our crack analytical staff has been pouring over reams of survey research data to come up with a composite profile of the typical Fraters reader. For purposes of simplicity, they've managed to convert this composite profile into a visual representation. Start growing your business today. Labels: Business Wednesday, December 26, 2007
One of the bright new lights of the local blogosphere is Melinda Jacobs, the socialite daughter of financier Irwin Jacobs. Yes, she is another elitist liberal in a town full of elitist liberals with a journalistic megaphone. But I must say its refreshing to see one who's earned her position the old fashioned way (by inheriting a fortune) instead of relying on a shadowy cabal of agenda pushing puppet masters to front her.
Plus I don't think we've ever had a local blogger able to deliver lines like this, at least with a straight face: I just received this Holiday card from Quincy Jones, and it inspired me to reflect on the fun memories I have growing up knowing such an incredible man. And this .... Without having to go far, I ran into Ted Mondale, whose sister Eleanor is one of my closest friends, and who is also responsible for making downtown St. Louis Park look super-hip. Wait a minute, I thought Chad the Elder was responsible for that. When he's spotted cruising the Hwy 7 strip for a nine piece McNuggets and a style job at Super Cuts, there's a celebrity buzz around town and it was that way long before Ted Mondale showed up. But I don't want to quibble. I want to praise Melinda Jacobs for, among other things, giving us insights in to common problems that afflict us all, like this: Every year I have the same dilemma: What do I get Carl Pohlad for Christmas? He is the man who literally has everything. Including a $500 million gift from the taxpayer's of Hennepin County. Not bad for a guy who already happens to be a multi-billionaire. Just how does that happen, anyway? Ms. Jacobs give us some insight. Cue the Ghost of Christmas past to guide us through this flashback of how Carl honed his craft as a young man, selling cars: As soon as a customer was even close to buying a car ... here is how Carl would seal the deal: He would tell the customer(s) that he had to run the offer by the owner. (What they didn't know was that HE was the owner.) So, he would excuse himself, telling the customer he would be back shortly, and he would go to a corner and talk to HIMSELF. Then he would return and tell the customer that HE really had to work over HIS boss and would probably take a loss on his commission, but if the price was a deal breaker, he was willing to forego his sales commission. Little did the customer know that even in those days Carl Pohlad had a brilliant poker face and was already in the green. :) I love this story, because I just can't picture Mr. Pohlad selling cars. But as he told me... He was HIS number one car dealer, and repeat customers only wanted to work with Mr. Pohlad because HIS commission was not as important as HIS relationship with his customers! The "I'm giving up my personal commission to make this sale" line is a scam? I'm stunned. Disappointed. Confused. True story, when I was in 10th grade I went shopping for basketball shoes at the Maplewood Mall with a friend. Looking over the beautiful new Air Jordan models for that year had us salivating. The triple digit price immediately burned off the drool, it far exceeded the budget our parents had provided. But the guy in the fake referee's shirt trying to sell them would go easily into that good night. He slightly lowered the price. But was rebuffed. He then took it down another incremental notch. And was again rebuffed. (He had no idea how steely a negotiator a man with no money can be.) Then with a hang dog expression, and anguish in his voice, he announced he really wanted us to have these shoes and, although he shouldn't do it, he was willing to forgo his personal commission, and drop the price a little more, to make the sale. It was still about $30 more than we had, so we again had to decline. We left the store, feeling lousy for both ourselves and true empathy for that salesman who did all he could for us, yet we couldn't come through for him. And that salesman in the fake referee's shirt was . . . . Carl Pohlad. And now you know the rest of the story. Actually, no. It was some punk kid not much older than us. But a sales prodigy, using those manipulative tricks at such a young age on such low potential marks as us. I'm sure he moved onward and upward to a series of more lucrative sales gigs. And now he's probably fighting off a series of lawsuits, indictments, and personal bankruptcy over his antics in the subprime mortgage lending market. Or maybe he's a billionaire. These techniques can work over a lifetime. At one time Carl Pohlad was using them to hustle used cards. And approximately 94 years later he was doing it to hustle a transfer of tax money to his personal bank account. Remember back in 1997, when he launched one of his early drives for a new stadium, we were offered this deal: The sharpest blow to Pohlad's public standing grew from the 1997 stadium plan. Officials initially said Pohlad would contribute $80 million of his own money, but it turned out that he had offered a loan, not a grant. Former Republican governor Arne Carlson, a Pohlad supporter, spent considerable political capital unsuccessfully fighting for a stadium. "That $80 million that was really part of the deal all of the sudden became a loan that collapsed everything and it also collapsed the credibility, and from that time on it's become almost an impossible subject to deal with," Carlson said. The Pohlads say the whole thing was a misunderstanding; they didn't intend to mislead anyone. Even the successful ballpark deal that was passed a year ago was pushed by the Twins and his media mouthpieces with the understanding of how much the Pohlad family had sacrificed for this community by owning the Twins and that he doesn't want anything for himself, it's really for the people. For a lifetime of running this gambit, and including the taxpayer's in the latest variation, if Melinda Jacobs is still looking for that perfect Christmas gift for Carl, I'd suggest something like this. Labels: Business Thursday, November 08, 2007
Earlier this week, I participated in a series of strategic planning meetings at work. One of the topics that came up was how we were going to serve our customers on the "Web 2.0" (just writing that horribly overused term makes me shudder). Among the possibilities were wikis, RSS feeds, and...
...blogs. Talking blogs in business meetings? Welcome to my wheelhouse. Anyway, we chatted about blogs for a bit until a fellow from Germany cut in and asked, "What is this blog thing that you speak of?" (not verbatim by any means). His naivety and innocence on the matter were almost touching. I reached over, patted him on the back encouragingly, and began, "Well my friend, let me tell you about blogs...." Labels: Business Friday, November 02, 2007
My wife is not as passionate about sports and politics as I and so you don't often find her going off on stem-winding rants on those subject. However, if you get in her wheelhouse--in this case shopping and shoes--you can expect her to swing away freely. And make contact:
You know when Marshall Fields was bought out by Macy's I, as well as probably most Minnesotans, wasn't very happy. The first time I saw their layout, I was again disappointed....the price checks gave it the feeling of being cheaper. But as months passed, I thought I needed to embrace change and accept it. So, Saturday I was there and wanted a specific pair of shoes. When a shoe sales associate finally got to me, I asked for my size, after which he disappeared for about ten minutes. When he returned, I was advised that they didn't have my size in the color I wanted, but he said that, "You can try on the shoe in a different color in your size and we could see if we can get the correct color from a different store." Well, I tried on the shoe and it was a perfect fit so I advised the sales associate, that "Yes, please find the shoe at a different store". Well he was on the phone with other stores for at least ten minutes and he finally said that he could take my information down and, when he finds the shoes, mail them to me. So I gave him my Macy's card number, my address and phone number, and a coupon for $20.00 off. Today I received the shoes and they charged me $19.00 to deliver them. "Sh-T" I thought! I called Macy's and I explained that I was not aware that I would be charged for delivery and added that when they were Marshall Fields, a similar thing occurred and they mailed out the shoes to my house with no charge, so I had assumed their policy was the same. She said they don't have free delivery unless you have a certain color Macy's card, which I don't have (I am sure I have the base model). I added, that if I knew there was a delivery charge I would have had them just delivered to the store and I would have picked them up. She advised that they don't do that either....Yeah, great customer service! Macy's S-CKS! I don't know what Macy's demographic sweet spot is, but I'm pretty sure they don't want to be losing customers like my wife. Another example of the high cost of low service. Labels: Business Tuesday, October 16, 2007
We had a five minute discussion of this company during an all-day meeting with a couple of visitors from Europe at work today and no one laughed. No one. At least out loud.
Labels: Business Tuesday, October 02, 2007
A couple of weeks back, I attended our division's three-day strategic planning meeting at a resort in Northern Minnesota. The weather was for the most part rotten--storms even knocked out the power for a better part of a day--and we were afforded little opportunity to enjoy the Northwoods environment or the fine facilities at our disposal (with the notable exception of the bar in the main lodge).
The lack of new business buzzwords was also a little disappointing. I was hoping to come away with a couple of beauts to throw JB's way, but other than a few old favorites--"fifty-thousand foot level" and "low-hanging fruit"--there just wasn't much in the way of corporate jargon that we've all come to know and loathe. However, I did observe the striking similarities between what our group was trying to accomplish and the political process. In some ways, I suppose this is to be expected. Developing a strategic plan is essentially about setting priorities for how you are going to utilize limited resources (time, people, money) in the next year. Debating how to make best use of limited resources is at the heart of much of the politics as well. This is the fifth or sixth year that I've participated in such planning meetings, but it's the first that I've made the connection to politics. Here are a few of the similarities that I noticed: - The need to use your capital wisely: You can't get everything you want on the strat plan. If you try, you're going to end up failing and you very well may alienate potential allies. Therefore, early on in the process you need to identify a few key "must haves" and focus on them. If you get bogged down in discussions on every single issue, you're going to waste time and energy and try other people's patience. Knowing when to jump in and when to hold back is critical. You also need to identify anything that you absolutely do not want included and again concentrate your efforts on shooting it down. You don't have to agree with everything, but it's not critical to your area it's often best to just let it go. - The need to build coalitions: Our meeting included folks from the US, Latin America, Europe, Russia, and Asia. They work in groups such as engineering (design and manufacturing), operations, finance, procurement, planning, marketing, sales, quality, IT, and customer support. On any given issue, no single group has enough pull to carry it forward without getting buy in from others. Once you've identified your key issues, you have to figure out how to get people from these other groups on board and frame your arguments accordingly. - While everyone has a voice, they're not all equal: At times, all the president of our division had to do to tip the scales was weigh in on an issue. What he actually said was immaterial, the fact that he had spoken was enough. Meanwhile, those of us lower on totem pole (is that still a culturally acceptable term?) had to present a compelling argument to move opinion. However, the president's power had its limits. If a large enough majority was either in favor or against something, the president's views could be (and were) overridden in a matter akin to a veto override. - What you say isn't always as important as how you say it: The engineers I work with are some of the smartest people I know. But in this setting, their technical and analytical skill sets (their core strengths) were not particularly useful. Their arguments were usually grounded in logic and based on cold, hard facts. Often too cold and too hard. What they lacked was an ability to articulate a meaning that the broader audience could appreciate. The "vision thing" as the elder Bush once called it. This left the door open to more emotionally based appeals (relatively speaking of course). The sales and marketing folks (who in fairness all have engineering backgrounds as well) were far more comfortable operating in such an environment and used their "soft skills" to successfully push their agenda. It's not as if they got everything they wanted either, but in this arena (as in politics) having a message and being able to stay on it is critical. One way that our sessions most definitely did not mirror the political process (especially the way it works in bodies like the US Senate) was the lack of deference shown. With a few possible exceptions, if you said something inaccurate or made an unsupportable argument, you were going to get called on it. It wasn't personal of course. It was just business. Labels: Business Monday, October 01, 2007
A locally-based Italian restaurant chain settles up with the SEC for not reporting the fringe benefits enjoyed by some of their executives:
The SEC accused Buca of failing to disclose in its proxy statements and Forms 10-K for 2000 to 2003 that its former chief executive was improperly reimbursed for personal expenses totaling nearly $850,000. The expenses included family wedding expenses, dog kenneling, and home remodeling costs, the SEC said in a statement. The government also alleged that Buca's former chief financial officer was improperly reimbursed of more than $111,000 for vacations and visits to strip clubs. Working late again tonight honey. Labels: Business Tuesday, September 18, 2007
Later today, I will be embarking on a three-day strategic planning meeting in Northern Minnesota ("up North"). I'll be joined by work colleagues from Brazil, Mexico, Holland, Russia, Britain, China, India, and Singapore. As JB pointed out some time ago, you never realize just how insidious American's penchant for corporate speak is until you hear some poor sap from another country (whose first language is not English) try to spout some of our meaningless business jargon. It's really quite pitifully and demonstrates how silly it is for America's corporate leaders to insist on using the latest buzzwords, acronyms, and inside-baseball babble rather than just speaking clear, simple English.
If I come across any new and particularly galling abuses of the language in the next few days, I shall report them accordingly. Labels: Business Friday, September 14, 2007
It's not unexpected to find an opinion piece in the Wall Street Journal defending the pay packages that top-tier CEOs receive. However, it is not every day that you see such a piece penned by President Clinton's Secretary of Labor Robert Reich:
There's an economic case for the stratospheric level of CEO pay which suggests shareholders -- even if they had full say -- would not reduce it. In fact, they're likely to let CEO pay continue to soar. That's because of a fundamental shift in the structure of the economy over the last four decades, from oligopolistic capitalism to super-competitive capitalism. CEO pay has risen astronomically over the interval, but so have investor returns. The CEO of a big corporation 40 years ago was mostly a bureaucrat in charge of a large, high-volume production system whose rules were standardized and whose competitors were docile. It was the era of stable oligopolies, big unions, predictable markets and lackluster share performance. The CEO of a modern company is in a different situation. Oligopolies are mostly gone and entry barriers are low. Rivals are impinging all the time -- threatening to lure away consumers all too willing to be lured away, and threatening to hijack investors eager to jump ship at the slightest hint of an upturn in a rival's share price. Worse yet, any given company's rivals can plug into similar global supply and distribution chains. They have access to low-cost suppliers from all over the world and can outsource jobs abroad as readily as their competitors. They can streamline their operations with equally efficient software culled from many of the same vendors. They can get capital for new investment on much the same terms. And they can gain access to distribution channels that are no less efficient, some of them even identical. So how does the modern corporation attract and keep consumers and investors (who also have better and better comparative information)? How does it distinguish itself? More and more, that depends on its CEO -- who has to be sufficiently clever, ruthless and driven to find and pull the levers that will deliver competitive advantage. Reich does go on to say thet just because high CEO pay makes sense economically, it does not mean that it's justified socially or morally. Bit it's still a good sign to see someone like Reich ackowledge that there are fundamental economic reasons for it. Labels: Business Wednesday, August 22, 2007
Holman Jenkins argues against the conventional wisdom of the universal good of home ownership in today's Wall Street Journal (sub req):
But a home financed by a mortgage is not just an asset. It's also a liability. We owe thanks to Carolina Katz Reid, then a graduate student at University of Washington, for a 2004 study of what she dubbed the "low income homeownership boom." She considered a simple question -- "whether or not low-income households benefit from owning a home." Her discoveries are bracing: Of low-income households from a nationally representative sample who became homeowners between 1977 and 1993, fully 36% returned to renting in two years, and 53% in five years. Suggesting their sojourn among the homeowning was not a happy one, few returned to homeownership in later years. Even among those who held on to their homes for 10 years, the average price-appreciation gain was 30% -- less than if their money had been invested in Treasury bills. This meager capital gain was about half that enjoyed by middle-income homeowners. A typical low-income household might spend half the family income on mortgage costs, leaving less money for a rainy day or investing in education. Their less-marketable homes apparently also tended to tie them down, making them less likely to relocate for a job. Ms. Reid's counterintuitive discovery was that higher-income households were "twice as likely to move long distance if they're unemployed." Almost needless to add, the great squarer of circles for middle-income homeowners, the mortgage-interest deduction, won't turn a house into a paying proposition for those with little income to shelter. Bottom line: Homeownership likely has had an exceedingly poor payoff for millions of low-income purchasers, perhaps even blighting the prospects of what might otherwise be upwardly mobile families. Might be time to rethink the notion that providing an easier path to home ownership for low-income people is a method to improve their circumstances. Update: King has more on this matter. Labels: Business Thursday, March 22, 2007
...they will come. After hockey this morning, I headed to a nearby Panera Bread to participate in a conference call. While downing eighteen, nineteen cups of coffee (free refills!), I noticed that about 60% of the crowd was on their laptops taking advantage of the free WiFi that Panera offers. The other 40% were senior citizen coffee klatches gabbing about their health problems.
I spent most of the morning there catching up on e-mail, before grabbing a sandwich to go and heading to the office. Free WiFi definitely appears to be helping Panera get customers in the door and encourages them to stay a while. And the longer you hang out in a Panera, the more likely you are to give in to temptation and sample their tasty menu. I'm far from the first to make note of this very savvy business move, but it's something that others would do well to emulate. Labels: Business Tuesday, February 13, 2007
Some years ago, my sister-in-law from Colorado was all atwitter about a new shoe that a local businessperson was selling in the Boulder area. She was telling everyone she knew about the shoes and sending them as gifts to family members.
My wife and I were very skeptical. Gaudy-colored plastic clogs? C'mon, there can't be much demand for something like that. A few years and many millions of dollars later, I think it's safe to say that we were very very wrong. Today's WSJ reports that Crocs are now moving to the catwalk (sub req): Crocs Inc., maker of the brightly hued plastic clogs that surged to popularity last summer, is quietly planning a surprising strategy aimed at avoiding fad status: a bold step into everything from women's fashion footwear to apparel. Yet many on Wall Street aren't convinced Crocs can continue at its torrid pace, which has seen its sales rocket to an expected $338 million in 2006 from just $1.2 million in 2003 and its stock soar to more than $54 from its $21 offering price in its debut a year ago. As of last month, roughly 30% of its outstanding shares were held by short sellers looking to profit from a decline in the share price if Crocs ends up a one-hit wonder. Even if Crocs is not able to continue its remarkable run, it still is incredible to me that these unusual shoes could go from kiosk carts at local malls to worldwide distribution in what essentially is the blink of an eye. Labels: Business Tuesday, December 19, 2006
Anne from Parlin, New Jersey e-mails on the hazzards of mall shopping:
I can relate to your dislike of mall kiosks all too well. These days every other one of these hawks cell phones or cell phone accessories. Market oversaturation, anyone? I really despise when the people working at these places get in your way and ask if you want to take a survey or learn about whatever they're selling. No, if I'm interested, I'll walk over to you in the same way I'll walk into a store. I have a working set of eyes and ears and am aware of my surroundings. I'm too polite to say that to the kiosk employees, not to worry. My fiance and I have learned to walk through malls with focused expressions and a sense of purpose. A standard kiosk gambit that I experienced once again yesterday is for the person running the stand to approach you as you walk by and innocently inquire, "Can I ask you a question?" My standard reply is a quick "You already did" while staring straight ahead and picking up my pace. Labels: Business Tuesday, November 26, 2002
I suppose the imment loss of one's job shouldn't be funny. But since it's not my job, the laughter comes easy. And it would be hard for anyone who's ever been employed at a call center to not be amused at a report coming from the Pioneer Press: Sykes To Close Minnesota Call Center, Fire More Than 200 Workers. (Note, the headline writer needed 11 words to capture the essence of this mundane little story; who's writing these things, Gore Vidal!?).
It seems that after only 2 years in business, a 432-seat call center in Eveleth MN is shutting down, and according to the article, it's because the workers were unreliable dumbsh*ts. The Eveleth call center never employed more than 300 workers, and had an annual turnover rate of about 100 percent (emphasis added). According to a recent state survey of 87 Sykes employees in Eveleth, fewer than 5 percent had a four-year college degree. By contrast, more than 99 percent of staff at Sykes call centers in Costa Rica, India and the Philippines have completed college, said [CEO and company founder John] Sykes, and 35 to 40 percent have master's degrees. "They consider a call-center job a career," he said. You can almost hear Mr. Sykes's disappointment and hurt feelings as he says that. Like he felt he was throwing this great party up in Eveleth and nobody showed up. Well let me tell you something, Mr. Sykes, you weren't throwing a great party. In fact, I suspect your party had all the joy and promise of the 2002 DFL election night gala at the Raddison. Or all the spontaneous revelry and subtle pleasures of the New Year's Eve bash at Hot Shots in Burnsville. Call center jobs generally suck. Astoundingly suck. Astronomically suck. The kind of suck normally associated with the event horizon around a black hole. The kind of suck usually seen during .... well I'll stop there, before the Fraters site starts to get innundated by people typing "suck" into a seach engine for all the wrong reasons. (Coincidently, most of these people actually work in call centers). How do I know this? I had the distinct pleasure of wiling away my first post college working years in command of a telephone center in town here, with a company that's now out of business. (No causation has ever been established between these two variables--although their lawyers did repeatedly try). Most of the jobs at a call center consist of working the phones, either dialing out or accepting incoming calls. At my previous employer we did only the former, and that means cold calling. We did marketing research, which is marginally better than trying to sell something, but the dynamics of each are similar. That is, spending all day (or all night) calling people who don't want to talk to you and don't have any self interest to participate in what your attempting to accomplish. Generally speaking, those few who will participate are desperately lonely, hopelessly deranged, or gloriously drunk. (Given Eveleth's proximty to Canada--I'm surprised they didn't have more success, at least in interviewing their Northern neighbors ). The vast majority who don't want to cooperate communicate their wishes by tersely spitting "not interested" and hanging up or by shouting obscenities and slamming the phone down. Needless to say, neither reaction is conducive to the creation of high self esteem or satisfaction in one's job. In other words, the essential nature of the job itself has a negative affect on employee morale. Throw in the need to be articulate and pleasant and professional and quick thinking if you?re to achieve any level of success at all. Plus the unyielding demands to "PRODUCE PRODUCE PRODUCE!" from the overbearing, unsympathetic and wildly unrealistic management, the use of poorly written scripts and surveys, and malfunctioning telecom equipment and computer hardware and what are you left with? An extremely difficult job with no status that provides no personal benefits whatsoever. Oh and did I mention that these jobs are usually hourly (and low) wage based, with no medical benefits? Management of these companies are left left hiring only those who can't find work anywhere else, those who can compete only on availability and on price. This is why companies like Sykes choose to put their call centers in cities like Eveleth, cities that are presumed to be full of people who don't have any other options. But I guess they were wrong. I do consider it a sign of the general health of our economy that we don't have those with college degees attempting to fill these positions. People go to college specifically to avoid a lifetime of work spent in spirit killing drudgery that provides no material benefit. And as long as there are college graduates in India and Costa Rica and the Phillippines lining up for this opportunity, Sykes is exactly right when he says: If you are not a global company today, you are not going to be in business tomorrow." Labels: Business
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