July 23, 2017

Can Uganda teach the UK how to balance the budget?

When a government’s total outgoings (G) are more than their tax receipts (T), the result is a budget deficit where G > T. A government needs to borrow money to finance the debt, and interest payments can become so large that they cripple the economy. There are two main schools of thought for eliminating the […]

Is there now an overwhelming case for cash accounting?

Cash accounting would make accounts simpler to understand. Companies could only account for revenue when they receive the cash and expenses only once they have paid for them. At a stroke, gone from a set of accounts would be subjective items such as depreciation, amortisation, difficult-to-comprehend revenue recognition, accruals, provisions and so on. With recent […]

What does GDPR mean for you?

If you do business in Europe or have business dealings with any European organisation, then by now GDPR (General Data Protection Regulation) should be on your radar. Next year, specifically on 25 May, a new European directive comes into force which will change the face of data protection forever and therefore the way that data […]

You probably cannot lead change

‘Leading change’ versus ‘leading stability’ may be two quite different leadership skill-sets. According to the findings of a 2015 survey from PricewaterhouseCoopers, even if you are in a leadership position, there is only a 7 per cent chance that you will be able to lead your organisation through a major transformation. If you are a […]

Before the 7 Habits of Highly Effective People came

Have you ever come across Dale Carnegie’s classic text ‘How to Win Friends & Influence People‘? Described by Warren Buffett as a ‘life-changing book’ Carnegie’s text is the precursor to Stephen R. Covey’s best-seller ‘The 7 Habits of Highly Effective People‘ and Robert Cialdini’s fascinating book on the darker side of the world of compliance […]

Is dark social changing group influence?

A friend of mine recently passed a group of teenagers sitting on a park bench, busily tapping away on their phones. Intrigued, she stopped and asked, ‘Who are you texting?’ They looked up at her, bemused, and eventually one replied: ‘Each other!’ Is this what the world has come to? Is the smartphone killing conversation? […]

What do you mean economists are boring?

The Financial Times had an astonishing story Friday 26th May. The World Bank’s Chief Economist Paul Romer had been stripped of his line authority and management duties following what the FT called ‘uproar’ and a ‘revolt’ by his 600 economists. The Guardian also covered the furore here. So what had caused such tumult? A street […]

Bitcoin bubble? Not just for hackers

Remember bitcoin? The online currency that burst into people’s consciousness a few years ago and then kind of drifted off to the margins, not really being of much significance to anyone outside money launderers and suchlike? Sweeping generalisations aside, bitcoin never really went away. The reason for its loud arrival in 2013 can be put […]