Social impact is an initiative that has gained popularity in the business world in recent years and is expected to continue gaining traction. Implementing social impact can significantly affect the communities in which companies operate. …

In the last two years, the business travel industry experienced a new, unique challenge with the ongoing COVID-19 pandemic. The pandemic not only caused a significant drop in travel, but it has also given rise to a number of protocols to help protect the safety of travelers and travel sector…

There’s no shortage of desirable Mercedes-Benz classics, and a well-maintained car is a joy to find, own, and drive. Once in a while, you might find a classic that its previous owner(s) did not maintain in tip-top condition. This column discusses a few general restoration tips for your Mercedes-Benz classic. Plan the scope of the restoration …

The Corporate Social Responsibility movement Corporate Social Responsibility (CSR) has become increasingly sophisticated. Businesses that want to get the most out of being socially responsible need to stay on top of the latest resources and best practices. One best practice gaining traction is Environmental Full Cost-Accounting (EFCA or FCA), which examines a business’s profits and…

Business trends from 2021 will continue into 2022, dominated by growing geopolitical uncertainty, the pandemic and the growing threat of climate change. The following trends are expected to be especially important drivers in 2022: Strong but Slowing Economic Growth Economic growth, globally and in the US, broke records in 2021…

CSR: Corporate Social Responsibility Corporate Social Responsibility, or CSR, is a collection of business policies and practices that assist businesses in becoming more environmentally friendly, socially aware, and tightly integrated with their local communities. There are four broad ways for businesses to become better corporate citizens. Environmental Stewardship (ES) Supporting the environment is one…

Given Mercedes-Benz’s long history of manufacturing superlative vehicles, there are many possible classics in which to invest. In this article, I discuss a few considerations to keep in mind when you are interested in buying a piece of automotive history. Be aware that buying a classic car is not as…

This is the second in an ongoing series about companies who have successfully expanded into international markets. In this installment, we focus on a small business (about 50 employees) in Texas. McMillan Flow Products manufactures precision liquid and gas flow measurement and control devices. Their product line includes compact flow…