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January 17, 2013
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Business Finance Today 
  • U.S. economy is expanding somewhat, Fed says
    The U.S. economy continues expanding, but there were few signs in recent weeks of the pace picking up, the Federal Reserve's Beige Book indicates. The anecdotal roundup of reports from all central bank districts says uncertainty about the federal government's fiscal situation and Europe's economy are a drag on hiring. "Hiring plans were more cautious for firms doing business in Europe or in the defense sector," the Fed said. Reuters (1/16) LinkedInFacebookTwitterGoogle+Email this Story
Your Bottom Line 
  • Heed these warning signs about deals
    A bundled price, a discount that looks too good and commitments that are based on volume are among the warning signs that a company has signed a bad deal, writes Scott Drobes of Third Law Sourcing. Other warning signs are prices that began as a budget placeholder and agreements that give too much or too little time to renew. CFO.com (1/16) LinkedInFacebookTwitterGoogle+Email this Story
  • How to establish global standardized processes
    Cross-border standardized processes in the back office and commercial functions can be cost-effective for companies that serve multiple markets, writes Shantanu Ghosh of Genpact. But global standardized processes can be difficult to establish, he writes, offering seven tips to get the best results, including the creation of a process organization that has a central authority responsible for meeting global goals. Business Finance (1/16) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • 3 ways to juggle the roles of leader and manager
    If you want to become a better manager and leader, you should be honest and focus on delivering results, Emily Jasper writes. "Even if parts of your job are delegated to others, make sure they're delivering according to expectations." Also, look for ways to address issues that crop up at your company, she advises. The Starr Conspiracy (1/14) LinkedInFacebookTwitterGoogle+Email this Story
  • Giving back can create community, profits for companies
    Creating a corporate giving strategy can improve a company's bottom line by humanizing your brand, writes Andrew Bridge. Giving back can also create a sense of community for employees, and open up new communication with customers. It can also create customer loyalty. "By giving back, you help to set your company apart and validate your customers' purchase -- not only will they feel better about choosing you, they'll stay with you because of it," Bridge concludes. The Globe and Mail (Toronto) (tiered subscription model) (1/10) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
  • Homeless shelter uses Hollywood fees to pay for services
    Hope Gardens Family Center, a shelter that serves homeless families and battered women on a 71-acre campus in California's San Fernando Valley, has become a popular film location for Hollywood. Filmmakers like the site for its varied landscape and because the fees they pay go for a good cause. Hope Gardens, which is owned by Union Rescue Mission, uses the funds to provide services to the homeless and expects to make $200,000 from movie and TV shoots this year. Los Angeles Times (tiered subscription model)/Company Town blog (1/16) LinkedInFacebookTwitterGoogle+Email this Story
SmartQuote 
Many enterprises focus on change at the sub-process level rather than viewing processes holistically."
--Shantanu Ghosh of Genpact, writing at Business Finance
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