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PROFNET EXPERT ALERTS: Business & Technology

PROFNET EXPERT ALERTS: Business & Technology

  1.  Business: Prepare Your Business for Continued Slowing of the Economy
  2.  Business: Business Culture Impacts Bottom Line
  3.  Finance: Fixing Economy High on the Agenda
  4.  Finance: Lending in Today’s Environment
  5.  Human Resources: How HR Professionals Are Using Online Communities
  6.  Personal Finance: Year-End Tax Planning a Must
  7.  Real Estate: Will NJ’s Energy Master Plan Hurt Business/Real Estate?
  8.  Restaurants: Dining out When the Economy’s Down: Party Planning
  9.  Technology: Government Spending on Broadband Deployment

1.  BUSINESS: PREPARE YOUR BUSINESS FOR CONTINUED SLOWING OF THE ECONOMY. MIKE PICKETT, CEO of ONVIA, which helps businesses achieve a competitive advantage by delivering timely and actionable sales opportunities and information: “With banks failing, credit markets freezing and consumers retrenching, businesses face an economic crisis of a magnitude not seen in recent years. Government spending is starting to slow, though not as much as residential and commercial spending. Projects from government agencies are down in the areas of business consulting, construction and building supplies, while they remain flat in architecture, engineering and information technology. The good news is the U.S. government will spend $150 billion to $300 billion to upgrade our aging infrastructure and outdated energy system.” Pickett can provide details on the types of opportunities available and tips to help companies win government business during the current economic crisis. News Contact: Jessica Mularczyk, .(JavaScript must be enabled to view this email address) Phone: +1-508-498-9300 (11/10/08)

2.  BUSINESS: BUSINESS CULTURE IMPACTS BOTTOM LINE. DAN DENISON, founding partner and professor of organizational development at the INTERNATIONAL INSTITUTE FOR MANAGEMENT AND DEVELOPMENT (IMD) in Lausanne, Switzerland: “As companies scramble for footing in today’s economic climate, understanding how organizational culture is linked to bottom-line performance is critical. Through research-backed global work with Fortune 100 companies, a direct correlation between organizational culture and actual, measurable performance has been determined. Proven organizational best practices can result in performance improvements—and can be implemented by businesses seeking mergers, acquisitions, sales growth and return on investment.” News Contact: Jennifer Cornell, .(JavaScript must be enabled to view this email address) Cell: +1-734-765-0174 (11/10/08)

3.  FINANCE: FIXING ECONOMY HIGH ON THE AGENDA, BUT REGULATION UNLIKELY TO WORK. A. ALEXANDRA MICHEL, professor at the MARSHALL SCHOOL OF BUSINESS, USC, and former investment banker, has just authored a new book, “Bullish on Uncertainty” (Cambridge University Press, 2008), which details a two-year study of investment bank management strategies: “Regulation might be an important component in fixing the financial crisis but, in itself, is insufficient. Complex financial instruments are being created constantly, and their future impact cannot be foreseen. Instead, fixing Wall Street is a managerial problem first and foremost, but most of our management systems are not up to this task, because they were designed in an environment that was relatively stable. They try to reduce the uncertainty that their employees experience. Successful survivors of this crisis—Goldman, Morgan Stanley—have a different type of management system: actually amplifying uncertainty for their employees, forcing them to become more heavily involved in their decision making.” News Contact: Jonathan Gaugler, .(JavaScript must be enabled to view this email address) Phone: +1-212-337-6569 (11/10/08)

4.  FINANCE: LENDING IN TODAY’S ENVIRONMENT. ALAN ROSENBAUM, president of GUARDHILL FINANCIAL CORP., a New York City-based mortgage banker and brokerage company: “The banks are hoarding the money and not lending to homeowners, which continues to cause housing prices to decline further, more foreclosures and the trillions of dollars in mortgage-backed securities to lose more value. The government has given money to banks that do not need it so that they can buy their competitors, thus significantly reducing competition and causing potential monopolies, which will increase borrowing costs further. Banks are not mortgage specialists and have never been. They rely on the secondary markets for mortgage lending, which have disappeared. The entire U.S. economy can benefit from greater mortgage lending, which is occurring through savings and loans distributed through honest, experienced mortgage specialists. When mortgage specialists start lending again, the public will be able to buy and refinance homes, which will stabilize real estate prices. When real estate picks up, the workforce—including construction workers, plumbers, painters and retailers—will start spending money again.” News Contact: Ronald Magas, .(JavaScript must be enabled to view this email address) Phone: +1-203-445-8981 (11/10/08)

5.  HUMAN RESOURCES: HOW HR PROFESSIONALS ARE USING ONLINE COMMUNITIES. GITTE DIGE, director of TOOLBOX FOR HR, a knowledge-sharing community for human resources professionals: “Online communities have taken their place alongside traditional print media, premium research and live networking events as trusted, primary sources for knowledge-sharing, business decision-making and networking. This rings especially true in the HR profession, where recent research indicates that human resources professionals rank higher than the national average when it comes to use of online collaboration tools in the workplace.” Dige can discuss how HR professionals are using online communities, what topics they search and how effective social media can be in the workplace. News Contact: Kim Miller, .(JavaScript must be enabled to view this email address) Phone: +1-781- 303-0222 (11/10/08)

6.  PERSONAL FINANCE: YEAR-END TAX PLANNING A MUST. KATHY TRAVIS, EVP of tax operations for GILMAN CIOCIA, INC., a company specializing in tax and financial planning: “There are many current perks and new tax credits that have come about from the Emergency Economic Stabilization Act, which may be useful when mapping out personal income tax planning strategies. Conducting a year-end tax review with a tax planning strategist is highly recommended during the last part of 2008, to help lower one’s taxes in 2009.” Travis can speak about the importance of a year-end tax review, and can explain the perks and new laws that may help millions of taxpayers for their 2009 return.. News Contact: Samantha Paccione, .(JavaScript must be enabled to view this email address) Phone: +1-845-485-3338, ext. 4218 (11/10/08)

7.  REAL ESTATE: WILL NEW JERSEY’S ENERGY MASTER PLAN HURT BUSINESS/REAL ESTATE? STEVEN S. GOLDENBERG, chair of FOX ROTHSCHILD’s Energy & Public Utilities Practice, contributed to portions of New Jersey’s Energy Master Plan. He can discuss how to address the concerns of commercial real estate owners and how to best navigate its necessary implementations: “Gov. Corzine’s unveiling of the state’s Energy Master Plan serves as a blueprint for a multitude of energy initiatives proposed for implementation over the next 12 years, but it could devalue a number of New Jersey’s real estate assets and require substantial capital investment to achieve compliance.” Goldenberg can discuss who should be concerned: 1. Owners of existing and planned industrial and commercial properties such as office buildings, warehouses, manufacturing facilities and shopping centers; 2. Owners of existing and planned multifamily apartment buildings; 3. Builders of residential housing and developers of mixed-use projects; 4. Owners of large facilities such as hospitals, nursing homes and casinos; 5. REITs and other owners of multiple locations. If properly organized and represented, Goldenberg believes the real estate community can play a leadership role in the development of responsible policies to be implemented by the Board of Public Utilities. News Contact: Zoe Klein, .(JavaScript must be enabled to view this email address) Phone: +1-215-875-4375 (11/10/08)

8.  RESTAURANTS: DINING OUT WHEN THE ECONOMY’S DOWN: WHAT PARTY PLANNERS CAN EXPECT. DAVID SADEGHI, COO of BIG STEAKS MANAGEMENT, operator of eight Ruth’s Chris Steak House locations on the East Coast and four upscale concept restaurants in Baltimore: “As they confront the struggling economy, a lot of businesses are thinking about budgets for holiday parties. Restaurants are encouraging companies to keep holiday parties alive this season by making celebrations cost-effective and easy to manage. To do this, some restaurants are eliminating unknown costs that can come from holiday parties ordering off a standard menu. Instead, restaurants are offering fixed cost, multi-course menus that take the guesswork out of budgeting. Some upscale restaurants are pricing menus as low as $40 per person. To make things even more palatable for business decision-makers and party planners, some restaurants are waiving booking fees for large groups while others are promoting value-added features like complimentary parking and special private dining spaces.” News Contact: Amanda Karfakis, .(JavaScript must be enabled to view this email address) Phone: +1-410-732-6542, ext. 22 (11/10/08)

9.  TECHNOLOGY: GOVERNMENT SPENDING ON BROADBAND DEPLOYMENT. MARK KLAMER is a partner at BRYAN CAVE who served as senior vice president and general counsel of WorkNet Communications Inc., a provider of fixed wireless, broadband Internet access: “The U.S. government should not have to spend monies on broadband deployment. If they do, I do not want to see mandatory access or some other type of thing that hampers business to boost broadband deployment. The reason why we don’t have as much broadband is because we don’t waste money on government projects and our landline development is good.” News Contact: Luis Mocete, .(JavaScript must be enabled to view this email address) Phone: +1-212-541-1141 (11/10/08)

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PRNewswire—Nov. 10

Source: ProfNet

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Posted on Nov 11, 2008 - 12:47 AM • Print