Entries Tagged 'Management' ↓

By Jon Griffin

The subject of “living wages” or higher minimum wages has sparked vigorous debate in every city or state where the issue has been put on the ballot. The subject invokes partisan politics with the left declaring “big business” only wants profit, and the right stating the market should determine wages. The truth economically tells a different story.

Cities and States Enacting Minimum Wage Laws

Over 100 cities have enacted living wage laws, but several high profile cities include; Los Angeles in 1999, San Francisco in 2000, and Santa Fe in 2003.

By Jon Griffin

For many years politicians have been complaining about the perceived over-paying of management in public companies. Everyone has heard about the huge golden handshakes given departing executives upon leaving companies they have destroyed. John McCain has stated “all aspects of a CEO’s pay, including any severance arrangements must be approved by shareholders” (Mason, 2008). An article in The Economist (2008) argues though that although managers pay has gone up faster than workers pay, managers pay is by and large based on financial returns.
The Economist article goes on to point out that workers pay is subject to the whims of the labor market, while stock options and other pay incentives encourage managers to create more wealth for shareholders.

By Jon Griffin

©2008

Many people think of globalization as the transfer of jobs to foreign countries. While this is certainly a part of globalization, a true definition would have to include the interconnectedness of everything around us. The interconnections are evidence of the true nature of globalization.

Especially in the free world, very little is produced or created in only one country. Parts, labor, and transport almost always cross international lines at some point in the product cycle. Even service industries are affected by globalization. Many services, or parts of the service, are now performed by people or companies in foreign lands.

Special to jongriffin.com

When looking at managing a business, there are many different types of tips for small business. There are tips on how to use IT, Management of your business, Document management and so forth. We are going to start by taking only three tips from the wide variety of small business management and discuss them one by one. Our top three subjects are setting rules for your business, IT and machines in your business, and delegating tasks in your business. All three of these are the most common to small business owners and businesses around the world.

Setting rules in your business.