Strong company leadership is a key component of successful lean manufacturing operations. That said, developing strong leadership is a difficult task. A recent article from Industry Week examines the benefits of people-centric leadership (PCL) and offers the following tips for developing PCL within your manufacturing organization:
Introspection – Encourage your company’s leaders to focus their …
In the wake of the coronavirus crisis, many manufacturers need to reevaluate their pricing models. In a recent article from Industry Week, author Stephan Liozu suggests a two-part plan for transitioning to a better pricing model.
Cost-Based Pricing Improvements
First, manufacturers should focus on improving their current cost-based pricing system. Liozu suggests working towards a more …
In the course of operating, farms produce a wealth of valuable data. In a recent article for AgWeb, author Kinsie Rayburn examines the long-term benefits of collecting and using farm data.
The author first discusses a study that examined if farmers are taking advantage of the farm-level productions and management data to which they have …
Navigating uncertainty is the key to keeping farm operations going during the COVID-19 pandemic, writes Gil Gullickson in a recent article for Successful Farming. The author recently attended a webinar that offered the following tips for farm managers:
Be mentally prepared for uncertainty and unpredictability.Make the difficult decisions necessary to best position your organization for …
Inheritance is a complicated process, particularly when farmland is involved. In a recent piece for Successful Farming, author Jodi Henke spoke with a University of Nebraska educator, Allan Vyhnalek, about the complications that come with farmland inheritance.
Vyhnalek pointed out the following areas of consideration for people who inherit farmland:
The tax consequences of inheritance—there can …
One of the benefits included in the COVID-19 epidemic stimulus package is the ability of an employer to defer payment of the employer’s share of certain federal payroll taxes. The deferral applies to the employer’s 6.2% share of the Social Security (OASDI) payroll tax.
The deferral does not apply to the employer’s 1.45% share of …
If you’re a small business owner struggling financially due to the COVID-19 outbreak, there is help available. The SBA is offering Economic Injury Disaster Loans of up to $2 million – here are answers to the FAQs.Q: How much funding can I get?Small businesses that need support through the disaster recovery period can borrow …
As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, Congress restored the ability of businesses that suffer a loss to carry those losses back and recover taxes paid in prior years. The limitation on business interest deductions has also been relaxed, …
As the farming industry undergoes changes precipitated by
new generations, new technologies, and new norms, succession becomes more and
more complicated. A recent article for Successful Farming discusses how
communication can have a big impact on farm succession.
Bad communication—or loss of communication—can have a big
negative impact. It often results in loss of trust between the parties
involved. …
Data security in the agriculture industry doesn’t just refer
to keeping online files safe from hackers. In a recent article for PrecisionAg,
author Reinder Prins explores what data security looks like for farmers.
Though some farmers do store their information digitally, a
majority still rely on paper files or records stored on a local computer. The
issue with …
