Ideas You May Not Have Thought About
Source: Journal of Accountancy
Decisions on IT investments. Management should be involved with IT in making these decisions, not the IT department alone. IT people may be enticed by the latest developments and make bad decisions.
Pricing (this seems to apply mainly to your clients). How do you know when you can increase prices without customer migration?
· When customers build up their inventories of your products
· When customers inquire whether the price list is still in force
· When sales rise but profits fall
For more, see Journal of Accountancy, February 2005, p. 108, or go to