The current economic slowdown is compelling increasing number of businesses to hold on to payables as long as possible. Companies are delaying making payments to preserve funds for their own business operations. Studies have shown that payments delayed for long periods often go uncollected. Consequently, companies awaiting payments are becoming more vigilant in collecting payments [...]
Posts from ‘November, 2009’
Women’s Leadership in a Bad Economy
Yesterday, I delivered a keynote speech for a Fortune 500 company that, in the mid-1990s, was slammed with a high-profile class-action lawsuit alleging discrimination against 45,000 female employees. The suit said the company denied them equal pay, management opportunities, promotions and desirable job assignments. In fact, the company had a track record of sticking women [...]