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To: BUSINESS EDITORS Contact: David R. Booker, President, Chief Executive Officer, +1- 805-547-2811, David.Booker@americanprinciplebank.com, or Mark R. Andino, Chief Financial Officer, Chief Operating Officer, +1-805- 547-2832, Mark.Andino@americanprinciplebank.com, both of American Principle Bank
In this article the author is ultimately looking at what Six Sigma training programs and the tool sets of Black Belts and Green Belts lack in two ways -- from the standpoint not only of what exists in formal definitions and published reports but also from my own experiences and discussions with practitioners. He categorizes those things missing from Six Sigma into three major groups: 1. technical but not statistical, 2. nontechnical, and 3. statistical. Six Sigma has been successful-wonderfully successful -- in serving as an action oriented method for improving processes to yield better financial outcomes. Only through continual improvement -- a basic principle of quality -- will it remain a viable and lasting methodology.
As government responds to demands to become more efficient and effective, procurement professionals are expected to focus primarily on the strategic aspects of procurement and less on routine transactions. In reality, public procurement masks the ability of government to transform taxes and other revenues into consumption by government institutions at federal, state and local levels, ostensibly for the public good. Public purchasers are told by their professional institutions and their private sector peers to be more proactive and less reactive in order to add greater value to their organization. However, tradition has decreed that procurement processes are managed by "unglamorous individuals" (Stewart, 1994) who are required, first and foremost, to satisfy the complex accountability pr...
WILLIAMSTOWN, Mass. - As we watch market values plummet and politicians debate - at last - the proper relationship between government and finance, an era in American history is ending. It wasn't understood as an era during its time, and it never had a name. Its name, though, was on the tip of our tongues: It was the Neoliberal Era. Neoliberalism began with Ronald Reagan and continued for 27 years through George H.W. Bush and Bill Clinton to George W. Bush, and it rested on one fundamental principle. Financial markets, which are knowing, efficient and flexible, should have more power to decide public policy than democratic governments do.
Gift cards come in two basic types: those that are affiliated with credit card companies such as Visa and MasterCard, and those that are not. This article discusses differences in gift-card financial reporting and disclosures, and the possible issues with reporting transparency. There is not much legal regulation of nonbank gift cards, leading to a variety of conditions attached to the use of this plastic currency. Closed-system gift cards axe becoming a large source of both revenue and costs, obvious and hidden. The problem is that gift cards are a relatively new type of significant revenue source for some companies, and the accounting literature offers no specific authoritative guidance for accounting for closed-system gift card revenue. The revenue-recognition principle [Statement of...
YOU MIGHT want to read this article in private ... Are you a financial failure? If the true answer is no, that's wonderful. But if you consider yourself anything less than a sterling success in the realm of personal finance, then take comfort in knowing that by the time you finish reading this article, you will know enough about the most important principle of financial planning to radically redirect your economic destiny from oblivion to victory.
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