| January 24, 2007 | News for the wholesale distribution industry |
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| News and Trends |  |  |
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- Home Depot to meet with vocal investor
Home Depot's board of directors is set to meet with investor Ralph Whitworth, who headed former CEO Robert Nardelli's removal and openly opposes the home improvement retailer's diversification strategy. The company said it will continue diversifying under Nardelli's plan, through mainly its HD Supply division. Analysts have said the board will not likely appease Whitworth. Industrial Distribution
(1/22)
    
| Best Practices | | |
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- Prioritize workplace safety
Accidents can cost your company time, money and most important, hard-working employees. Train all employees from entry-level to management on safety practices, enforce rules and post reminders and tips to encourage and mandate safety procedures in your workplace. HR Magazine
(1/2007)
- Focus on employees to increase performance
Paying employees for performance comes in two packages: Pay that is based on individual performances, and pay that is based on overall company performance. Either way, performance pay works best when it's fair and balanced, it's understood that employees are a valuable company investment, and all employees grasp their value. IndustryWeek
(1/19)
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- Strong relationships equal strong sales
Building a strong and loyal customer base is key to your business' success because a happy customer is more likely to give positive references, provide you with credible prospects and help you save valuable marketing dollars. This piece also explores the use of teleconferences and Webinars to educate customers. SmartBIZ
(1/7)
| Small Business Manager | | |
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- Get pricing strategy right
Using a "cost and competition" strategy to determine prices often leads to losing money. Base your prices on the value customers place on your products and services, not just on how much your competition is seeking, in order to maximize your profit. BusinessWeek
(1/1)
| People & Personalities | | |
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| Executive Life | | |
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| NAW Insider | | |
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NAW and The Hartford
NAW has partnered with The Hartford to offer insurance expertise and comprehensive coverage tailored to the specific needs of wholesaler-distributors. The Hartford also offers expedited claims handling services and a countrywide network of loss control and risk management experts to help wholesaler-distributors protect their businesses and minimize loss costs. More information available here.
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Access economic data on your line of trade
If you're looking for key economic data on your particular wholesale distribution line of trade, then you'll be interested in the 2006 Wholesale Distribution Economic Reports, authored by Pembroke Consulting President and DREF Fellow Adam J. Fein, Ph.D. Download immediately the reports most relevant to your business from a list of 18 reports that cover the major wholesale distribution sectors.
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