Magazine Article Summaries

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Magazine Article Summaries JOURNAL #1-- INC. THE MAGAZINE FOR GROWING COMPANIES May 1994. Publisher: James J. Spanfeller, 488 Madison Ave., 6th Floor New York, NY 10022 (212) 326-2600 Audience Statement: Inc. speaks directly to the entrepreneur, sole-proprietor, small business partnerships. Advertising: There were several advertisements including investing, retirement, tax accounting, computer companies and small businesses. Summary: Inc., The Magazine for Growing Companies speaks to a specific audience (see audience statement). Some interesting articles were about the role of non-profit organizations within the business community, how to maximize return on an investment, how to effectively hire good employees, quite a lot about planning and preparing a retirement portfolio and shrewd long term investing. The article titled “Managing Autonomy” is the focus of my summary, I also mention later another article I found interesting. This article spoke about managerial styles: how and what works well when deciding policy for your employees. Some CEO’s would say that your primary duty as a manager is to participate in managerial styles that encourage group problem solving. You have to continue tapping the collective wisdom of your employees. But you can’t empower employees without holding them responsible and accountable for their actions. These are the most important ideas presented in the article but they go on to discuss some other topics such as marketing strategies and computer technology. You have to focus on a particular market area and remember that quality is the single most important factor. Another good question they ask is, What can a growing direct seller do to reduce its chances of being ripped off by customers? I think the most important point they bring out here is to concentrate on the front end, that is to remove the undesirable customers. Along with credit checks and the usual business safety precautions. Another article about non-profit organizations spoke volumes about the need to explore and how to give responsibly and effectively. Businesses can donate money or services to a charity and use that for a tax credit or write-off. The tax benefits were hammered on quite a bit. Wanting to do the right thing may be one of the impulses for giving, but soon it needs to be replaced with a more durable strategy. The relationship between private business and charity organizations has a long and complex history. Private foundations are excellent places to find out about how giving can be done effectively. These are some of the typical topics you will find when you pick up a copy of INC.

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