The End of Lotus 1-2-3 – Did You Hear the Tree Fall?

The Future of Spreadsheets? In the April/May 2015 issue of the Journal of Accountancy [1], columnist Jeff Drew asked a group of panelists to discuss the future of the spreadsheet. Drew noted “last fall (Sept 2014) that IBM officially ended support for Lotus 1-2-3, which was one of the world’s dominant spreadsheet program.”  He further … More The End of Lotus 1-2-3 – Did You Hear the Tree Fall?

Leading vs. Lagging KPIs – What Successful Companies Measure

One of the definitions we have provided in this series was the definition of a Key Performance Indicator (KPI). Per author David Parmenter in his book “Key Performance Indicators”, A characteristic of a KPI is “non-financial in nature that can be measured daily yet can have a significant impact on operations”. For my financial colleagues, … More Leading vs. Lagging KPIs – What Successful Companies Measure

Human Resources Key Performance Indicators

Downtime Leads to Higher Business Value Key Performance Indicators (KPIs) are designed to help us better manage our businesses. In his book Key Performance Indicators: Developing, Implementing, and Using Winning KPIs, David Parmenter defined a KPI as something that is non-financial in nature, can be measured daily, and can have a significant impact on operations.” In this … More Human Resources Key Performance Indicators

Discovering New Ways to Reach Congress – How Social Media Can Raise Your Influence

April 26, 2014– Earlier this year, I attended a presentation Harold Peterson (my father) gave at a local community center on Long Island on political reform in New York.  The audience included retired executives who were present to hear the many alarming political spending trends in the state.  Mr. Peterson, author of the website “Reform … More Discovering New Ways to Reach Congress – How Social Media Can Raise Your Influence

Gross Profit KPIs: Tips to Beat the Margin

 “I never lost money turning a profit.” Bernard Baruch wrote that straightforward statement about the importance of making a profit. In order for any business to be healthy, it must have the best gross profit it can possibly achieve. Bottom line – it’s the number one thing that contributes to paying salaries, rent, marketing, and all … More Gross Profit KPIs: Tips to Beat the Margin