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To measure the period profit of a company is not an economic problem but a technical one. In order to be able to measure, one first has to gauge. The core of measuring is the notion 'calibration', including gauging. In this article, the words 'gauging' and 'measuring' are distinguished from each...

Today, perhaps more so than any other time in the history of American business, it is not likely that the owner of a family business will find his children eager to take over the business when it becomes time to pass it on to the next generation. There are many...

Caravan staycation is something which has been in the market for quite some time, however, it has never been a popular choice as people around think it is mostly for people who are elderly or for the ones who love nature a bit too much. The aura of caravan stay...

One of the biggest challenges of working in digital is learning to roll with the times. That means dealing with shifting tides and constant fluctuations. What you knew yesterday is not gospel today, meaning you always must be well and truly on the ball.  If there is one thing we...

For more than a year, the global aviation industry has faced its greatest crisis to date and in 2020, it suffered the heaviest losses in history. Like other global carriers, Turkish Airlines and Turkish Cargo had to adapt quickly to face many challenges – from limitations imposed by countries on...

Francoise Bettencourt Meyers, aged 67, has catapulted into the top ten of the global rankings of the world’s wealthiest people. Her net worth rose $1.1 billion to $83 billion. Francoise Bettencourt Meyers is also the world's richest woman. As of 4/22/21, Francoise Bettencourt Meyers was 10th on the list, one...

In 2001, TAP Pharmaceuticals was hit with what was then the largest settlement in the history of the pharmaceutical industry, and the age of commercial compliance was born. That $875 million fine – for violating marketing laws, fraud charges, and filing false claims with Medicaid – ushered in a new...

The Link Between Management Accounting and Financial Accounting. Top-management is responsible for everything; for the annual accounts to be published too. Tell it like it is. People will guess at what is not explained. Regarding management accounting, responsible management is in need of the proven right net profit figures. Period...

Since the publication of my most recent book, Indispensable: Build and Lead A Company Can’t Live Without, last month, I have had the marvelous opportunity to discuss several of the key questions covered in the book with several fellow thought leaders. This 5-part article series captures the essence of those...

They may find out: To start with, cheating is usually a secret and what most people think is that it's ok as long as nobody finds out. However, faith has a strange way of making the plot twist. No one expects to get caught when they misbehave still, not few...