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Special Report

Information Technology: Hot plans can cool disasters

When a bomb exploded at the World Trade Center in 1993, it affected 300 companies, including 260 without a disaster recovery plan. One year later, 58 percent of those unprepared companies went out of business. The chance of a bomb ...

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Electronic data interchange
could create value for firms

There is another business-communications revolution under way called electronic data interchange, or EDI. EDI is an efficient activity by which businesses use telecommunications for competitive advantage. It is strategically significant by itself, and when tied with new internal enterprise applications ...

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Some gift suggestions
for computer whizzes

As a public service, we have once again set aside our normal award-winning, hard-hitting series of business-systems review and commentary columns. In our annual tradition, we have sent out our crack staff to collect a few ideas for holiday gifts ...

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Learning the right way
to build teams essential

Think of being connected by ropes, which provide a measure of safety in case someone loses his or her footing. Think of the dependency of each climber on the others in the group. Think of the trust involved. Such a ...

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Flexible degrees
gaining popularity

The changing perceptions of distance, time and information is transforming the form, process and product of business. It also is changing the flow of labor. Today’s employees are likely to switch industries and job functions in their careers more than ...

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Executive Education: The question of ethics in business

In 1993, things could not have looked brighter for Bausch & Lomb Corp. and or its chairman and CEO Daniel Gill. The firm and Gill were seemingly at the top of their form. Contact-lens and health care businesses were booming, ...

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Park Ave. shopkeepers to
sponsor open house

The Park Avenue Merchants Association will host its Fourth Annual Park Avenue Holiday Open House on Dec. 4. The open house will again offer a variety of activities from Alexander to Brunswick streets, both outside and inside the shops of ...

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Christmas starting earlier
for Rochester-area shops

Susan Stekel started taking her ornaments out of the box a little earlier this year. Usually the co-owner of the Eleventh Hour gift shop on Park Avenue likes to take a breather after Halloween before she launches the next seasonal ...

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Holiday Retailing: Merchandising the alternative

Ah, to lead the charmed existence of a suburban mall. It seems the malls have it all. Location, large department stores, ample parking and foot traffic. Plenty of foot traffic. But there are shopping areas in the area trying to ...

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Managers changing jobs,
industries along the way

Looking around his relatively new office, Robert Peterson does not notice anything too different. Surrounding him are the same pictures of Mickey Mantle, Sandy Koufax and Ted Williams. Oh, wait–there’s something new, says Peterson proudly, “a picture of Astyr Elizabeth, ...

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Displaced managers must
take time to regroup

Layoffs are in local headlines again. Eastman Kodak Co. announced earlier this week it would cut its worldwide work force by 10,000, including some from the ranks of management. How do executives laid off from the upper echelons of corporate ...

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Management: Examining diversity

Xerox Corp. has won accolades locally and nationally for its 25-year effort to forge a more diverse work force. Company officials say the diversity benefits the copier company both culturally and economically. Experts say companies embarking on diversity programs are ...

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Executive Guide to Taxes & Financial Planning: Time for a break

Plenty of people really do stand to get relief from the Taxpayer Relief Act of 1997–including the wealthy and high- wage earners. Most of the publicity surrounding the law this year centered on the creation of a group of new ...

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Year-end tips to save
taxes offered

Here are nine tax-saving tips from H&R Block Inc. for people to consider before the end of the year: –Most taxpayers cannot itemize their deductions each year, but they could bunch up bill payments so that they can itemize every ...

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Buy/sell agreements essential
for small businesses

Why do you need a buy/sell agreement? Consider these scenarios: Suppose the widow of your deceased partner of 20 years informs you that since she inherited her husband’s stock pursuant to his will, she has decided to become active in ...

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