Author Archives: Michael Katz

Goodrich & Associates

Making Change Happen in Your Organization (November 2023)

In business, change isn’t just inevitable — it’s essential for survival and growth. But making change happen in any organization can be difficult; it requires more than just a few tweaks at the edges, here and there. In today’s newsletter, I share my firsthand experiences with organizational change and offer insights into what really drives successful transformations. By applying these concepts to your own circumstances, you will greatly increase your likelihood of success. Read more…

Goodrich & Associates

Liquidation Value – What It Is, Why It Matters & What to Do With It (October 2023)

When a business is in financial trouble, an understanding of its “liquidation value” is essential. Liquidation value is the value of the monetized components of the business, such as accounts receivables, equipment, etc., should the business not be sold as an ongoing concern. Who gets what is then a function of creditor claims on specific assets. This month, I explain why a thorough analysis of the various components and expert guidance regarding the “creditor waterfall” are essential pieces to this complicated puzzle. Read more…

Goodrich & Associates

Do You Understand the Critical Path? (August 2023)

Getting anything but the simplest of things done, as quickly as possible, requires first identifying the critical path and then finding ways to shorten it. If you want to get things done without delay, you will need to specify the critical path steps involved. Today’s newsletter looks at ways to shorten — or, at the very least, avoid delays in — the critical path. Read more…

Goodrich & Associates

Do You Understand Opportunity Cost? (June 2023)

Opportunity cost is an essential, but often misunderstood, business concept. In short, it is about determining the highest use and highest value of a given resource, whether that’s time, money, production capacity, or something else. In today’s newsletter we look at opportunity cost, its two most critical components, and offer suggestions for using it properly when evaluating alternative courses of action. Read more…