Dollar General a Rare Bright Spot in Retail

On August 25, 2009

Dollar General a Rare Bright Spot in Retail

The current retail landscape might be littered with store closings and poor sales, but occasionally the industry is graced with some hopeful news. Lately a lot of that is coming from the deep-discount sector, and Dollar General's announced IPO will likely be another success story in that arena. The Goodlettsville, Tenn.-based retailer's parent, private-equity firm Kohlberg Kravis Roberts & Co., is looking to raise $750 million from the measure. The outfit's timing for this listing is perfect. During its most recently reported financial quarter, announced June 2, Dollar General posted a same-store sales gain of 13.3 percent, while net income came in at $83 million, up from $5.9 million during the same year-ago period. Earlier this year the company revealed...
On August 25, 2009

9 Ways to Speed Up Outlook

It's the rare Outlook user who hasn't had cause to pound his/her head on the desk while waiting for the program to hurry the hell up already. Good news: There are many ways to goose the program. In fact, Lifehacker has rounded up 9 ways to make Outlook run faster. Here's my pick of the litter: Download Complete IMAP Items (Like POP Does) When you are using IMAP to access your Gmail (or other email) account, you'll probably notice that Outlook can hang, stutter, and just generally become completely unusable -- but it works just fine with POP accounts. You can make the whole experience a lot better by telling Outlook to download the entire message every time you synchronize...


On August 25, 2009

UK Ponders Pulling the Plug on Repeat File-Sharers

People who repeatedly download copyrighted films and music could have their Internet connection cut off under proposed laws to tackle illegal file-sharing unveiled by the British government on Tuesday. The proposal to ban repeat offenders from the Internet, which drew criticism from both civil rights groups and Internet service providers, toughens up the measures being considered in Britain to crack down on online piracy.


On August 25, 2009

Small Businesses To Receive More Radio, TV Coverage

It looks like mainstream media organizations are ready to give small businesses a little more consideration.  On both sides of the Atlantic, developments have occurred that'll make it easier to hear or see relevant info when you're listening to the radio or watching television.

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On August 25, 2009

Should Leaders Admit to Mistakes?

Should leaders be like the Pope and admit to fallibility, or like politicians and deny mistakes? At the heart of the problem is trust. We want leaders we trust. If they are always messing up, we will not trust them much. If they never admit a mistake, even when it is obvious, we will not trust them either. The plot thickens, but there is a way out of this intellectual soup. Some experts advise leaders to own up to mistakes and weaknesses.It makes them more human and approachable, which is important if leadership is a team sport. But a leader who is always owning up to mistakes and weaknesses loses credibility fast. We may like them, but we will...


On August 25, 2009

More Auto Suppliers Going Bankrupt, Report Says

The fortunes of North American auto suppliers go up and down in step with North American auto production. The third quarter should be an improvement, but too late to save some suppliers.


On August 25, 2009

Court Decision Sets Up SCO for Another Round

A federal appeals court on Monday reversed a judge's decision that granted the copyright of the Unix computer operating system to Novell. A three-judge panel of the 10th U.S. Circuit Court of Appeals ruled that a judge erred in August 2007 by granting the copyright to Novell. The panel ordered a trial to determine ownership.


On August 25, 2009

Should Work Make Us Happy?

In these times of economic uncertainty and job insecurity, the question of whether work should make us happy seems an unnecessary self-indulgence. Many of us are just happy to have a job and be surviving the downturn. And yet happiness has been getting a lot of air-time lately — from the Guardian, the Atlantic, and Slate, just to name a few. It's also a question that still occupies many of the leaders I coach, from fresh MBA graduates to senior executives at the top of their organisations. Why is this?

According to Swiss philosopher Alain de Botton, we are living in a unique era, when we are encouraged to seek happiness through work. The idea of work as a source of fulfillment has been around much longer (championed by Benjamin Franklin in the 18th century), as has work as a source of meaning (articulated by Victor Frankl in the 1940s). Yet work as a source of happiness is something else. De Botton believes that while work has been important in all societies, it is now so closely tied up with our identity that the first question we ask new acquaintances is not where they come from, but what they do.

In his new book, The Pleasures and Sorrows of Work, de Botton interviews a range of workers, from rocket scientists to biscuit manufacturers to accountants to artists to find out what makes jobs fulfilling — or soul-destroying. One of the most disturbing discoveries he makes is that most of us are still working at jobs chosen for us by our sixteen-year-old selves.

As an independently wealthy intellectual himself, de Botton is a world away from another great writer on the varieties of work experience, Studs Terkel. Terkel, who called work "a Monday-to-Friday sort of dying," brilliantly chronicled the lives of ordinary 20th-century working Americans in his book Working. The account of the young woman advertising executive who recounts her ways of dealing with a patronizing male boss sound remarkably contemporary. Throughout these accounts, workers describe their satisfaction in doing a job well, but rarely refer to work as a source of happiness per se.

Personally, I am looking forward to the publication of The Joy of Work? — note the question mark — in October. Peter Warr, a professor of work psychology and Guy Clapperton, a business journalist, believe that since we spend an average of 25 percent of our lives at work, we should make the best of it. Very practically, they offer strategies to get more enjoyment from work and steps to improve your job without changing it.

The point about accepting your work and making the best of it is an important one. I have seen many cases among my clients of executives who have expected — or been promised — too much from their jobs. As reality dawns, they experience such crushing disappointment and unhappiness that they feel compelled to walk out of their jobs or even change careers. Of course, there are times when this is the only option, but more often it is their attitudes and approach to work that cause the misery. Herminia Ibarra, a Professor at INSEAD, urges executives to think carefully before they make dramatic career changes in pursuit of greater fulfilment and happiness. As she indicates, far less is written about career changes that go wrong than vice-versa.

Uncharacteristically, the British Government has decided that happiness is of great importance to the nation and has appointed economist Richard Layard our first "Happiness Tsar." His mission is to build some positive thinking into the workforce from childhood, so children will develop into more resilient adults. In his book, Happiness: Lessons from a New Science, he writes: "There is a creative spark in each of us, and if it finds no outlet, we feel half dead. This can literally be true: among British civil servants, those who do the most routine work experience the most rapid clogging of arteries."

So what do you think? Can you find happiness through work or is this an unrealistic expectation? Do you have any experiences or thoughts you could share? What are your recommendations for a happy, fulfilling life at work or in your wider life?


On August 25, 2009

The Power of Assigning Dollar Values to Website Behaviors – Jason Burby

In this video interview web analytics expert Jason Burby explains why being able to assign dollar values to various behaviors on your website helps you prioritize what you feature and how you sell your products and services to get the highest ROI. This task of assigning dollar values is also known as monetization. If you don't assign value, he says, you risk leaving money on the table.
On August 25, 2009

Educate to Dominate

Okay, so maybe dominate it too strong a word… But hey, it rhymes. First off, check out this quotation: It is easier to resist at the beginning than at the end. ~Leonardo da Vinci Now, let me ask you this… How do you spark the buying process without a lot of high-pressure, high-hype selling? You do it by getting the [...]