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I once knew a man who worked for a major oil company. He managed a large wholesale territory that sold fuel and oil products to airlines and other big accounts. Some years ago, the company decided to pull out of his territory. They offered him the opportunity to buy the wholesale business “for a song,” which he readily accepted. He worked diligently and set specific financial goals for his company. He committed these goals to writing on 3x5 cards and kept them in his shirt pocket so he could frequently review them. Everything he did with that business was aimed at fulfilling these goals.
This is the third in a series of articles that looks at what organizational culture is, why it’s important, and how to change it.
Members of the BYU Marriott community share ideas on how to overcome adversity
Step up in these six ways to help level the career field for minorities.
If there were a poster child for the importance of developing relationships—real relationships—throughout your career, Amy Sawaya Hunter would be it.
Feeling charitable? A vast array of organizations are eager to accept your donations, but not every contribution has to come out of your wallet, pantry, or closet.
When our children were teenagers, whenever they would leave our home, my husband or I would usually say to them, “Remember who you are.”
Connections count in business, especially when you work in real estate.
This BYU Marriott course covers fraud prevention, detection, investigation, issues, and methodology, and includes an examination of past frauds.
The origin of spring cleaning is a little uncertain. It may have started as the process of clearing up winter chimney soot, though others suspect it could be rooted in the Persian New Year or Jewish Passover celebrations.
How early is too early to show up for your first day of work? Jenny Anderson knows from experience that two hours is probably too early.
When Kara Norman Chatterton was young, her BYU alumni parents took her and her five siblings on a pilgrimage to Provo from Idaho every other year or so.
How the Beehive State Became a Hot Spot for Bean-to-Bar Gourmet Chocolate Making
Peter Madsen takes the admonition to turn lemons into lemonade quite seriously. In grad school Madsen, now a Marriott School organizational leadership and strategy professor, became fascinated with how organizations learn from catastrophes. “Most of my research focuses on how they deal with and try to prevent rare, bad events,” says Madsen, who earned his PhD at the University of California, Berkeley. “Whether mistakes happen internally or externally, companies can glean information that allows them to reduce their chances of being involved in accidents.”
Class begins with everyone looking intently at the same spreadsheet on their laptops. Today’s task: learning how to calculate financial ratios like debt-to-equity, asset turnover, and net profit margin—with the click of a button.