Operations research

Joel makes a good point in his latest column: your internal systems need to ensure that people can deliver effectively even on a bad day. There is a balance to be struck though: there has to be some flexibility on the ground so that staff can work directly with...

Something Enron-y in banking?

Interesting discussion of banks booking income that hasn’t yet flowed in the door (and is unlikely ever to). The assumption of low-cost financing and rising house prices looks to be a very dangerous one. I’m sure Enron used to do something similar in terms...

Professional Employer Organisations

Very interesting concept: outsource your staff, partly. A PEO employs your employees (and does most of the HR and payroll stuff you would expect) and leases them to you for their operational role on a service contract.

Money-go-round

If there is $200bn in 1,000 deals in the metals and mining industry in two years. Surely some of this must just be recycled – there wasn’t a stash of money waiting to be used? Or it is all shares buoyed up by the raw material prices. This is a good example...