Economic Outlook – Wisdom From Robert Albertson

Posted inNewsletters
As the year begins to wind down and budgets to firm up, the economic outlook hasn’t cleared out much.  Robert Albertson, Chief Strategist of Piper, Sandler, remained undaunted, although unclear. There are five NEVER BEFORE’s, says Robert. 1.  Rising rates in a growing economy. 2. Unsustainably low rates for the last decade plus. 3. Pandemic shut down the global economy, which is still affecting us. 4. Ukraine war and its impacts on exports. 5.  Unexplainable…

The Amazon Hiring Process – We Want Missionaries Not Mercenaries

Posted inHuman Resources
Today’s employment market is extremely tight.  Most of us are looking for concessions and other inducements to encourage prospective employees to join our teams.  And yet, we can’t afford not to be choosy about the folks we hire.  The cost of turnover, even if you welcome the departure of the employee, is too high in terms of dollars (typically at least $20,000) and opportunity cost of adjustment time to compromise in our hiring. The first…

The Next Big Thing From JPMorgan

Posted inNewsletters
Many of you, my readers, know of my admiration for JPMorgan and its leader, Jamie Dimon. I have written about their long-term strategic thinking and unwavering execution numerous time. Equally importantly, their failures were short-lived, as management is quick to kill unsuccessful project. The idea below, which is now a top priority for the company’s executive team, might be the next Chase digital wallet (unsuccessful) or the next digitization strategy (hugely successful). Either way, it…