Principles to Manage in Turbulent Times

February 25, 2014 06:00 PM
Principles to Manage in Turbulent Times

As farmers prepare for a period of tighter margins, Mike Boehlje, a Purdue University ag economist, recommends 10 key principles to help you manage:

  1. Create value for your customer.
  2. Focus on strategy.
  3. Increase asset utilization (improve your asset turnover).
  4. Increase margins.
  5. Grow volume/sales.
  6. Manage money/capital.
  7. Use time efficiently.
  8. Manage operating risk.
  9. Get smart.
  10. Think like a CEO. 

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