Author Archives: Michael Katz

Goodrich & Associates

Are You Making Real Money? (July 2022)

Every business needs to “make money.” But the term itself can mean many different things, depending upon the measures used and the circumstances involved. In today’s newsletter, we explain the concepts underlying this term and offer suggestions for making sure you are applying them accurately in the way you make decisions and measure your success. Read more…

Goodrich & Associates

Risk Type, its Interaction with Price Elasticity, and Market Equilibrium (April 2022)

I have written before about the importance of understanding the difference between idiosyncratic risk and systemic risk. In today’s newsletter, I expand these two types of risk to a lens that looks at business problems. Then I discuss how this lens interacts with the concept of price elasticity. Why? I show how this understanding can help your business face the challenges presented by Covid, supply chain disruptions, labor shortages, general price inflation, and more, particularly with respect to product pricing. Read more…

Goodrich & Associates

Product Cost and Inflation (March 2022)

Inflation is here for the foreseeable future and compensation costs will continue to rise even faster — all on top of supply chain problems. How best can an organization understand product costs amid our new reality? Today’s newsletter takes a closer look and offers tips for staying ahead of the inflation game. Read more…