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Published Thursday, January 1, 2015
Q What is total cost of ownership and how is it calculated? A When comparing product options to purchase, it is important to consider the item’s total cost of ownership (TCO). TCO takes into account the upfront cost of an asset plus the operational cost for the duration that you own that product. Financially, the item with the lower TCO will be the more»
Published Thursday, January 1, 2015
Q What is total cost of ownership and how is it calculated? A When comparing product options to purchase, it is important to consider the item’s total cost of ownership (TCO). TCO takes into account the upfront cost of an asset plus the operational cost for the duration that you own that product. Financially, the item with the lower TCO will be the more»
Published Thursday, January 1, 2015
Dear Readers, please allow me to introduce you to Generation Y (1982-1995*). Believe me when I say that knowing Y and what inspires them to join and engage will likely determine your club’s long-term success. Generation Y, also known as Millennials, are the children of the Baby Boomers. In fact, at 80 million Americans they outnumber the Boomer more»
Published Thursday, January 1, 2015
The Union League of Philadelphia takes great pride in taking calculated risks and blazing the trail in the club industry. Never one to rest on its laurels, the club embraces change and always looks to the future with one goal in mind: to add the most value for its members. In 2003, the League earned Platinum status for the first time and rose steadily over more»
Published Thursday, January 1, 2015
In October 2014, the United States Bankruptcy Court for the District of New Jersey handed down an opinion that involved a Chapter 11 reorganization of an individual who was a resigned member of a country club. Companies in bankruptcy may liquidate or reorganize, but individuals in bankruptcy generally liquidate, using their remaining assets to pay off most more»
Published Thursday, January 1, 2015
Future club leaders are groomed early—often by serving on committees before being elected to the club board. Successful clubs give much thought to leadership succession in the club boardroom. However, is that same process incorporated into management succession planning? In order to maintain a strong system for club governance, the same amount of more»
Published Thursday, January 1, 2015
Published Thursday, January 1, 2015
The affluent population continues to recover from the Great Recession, growing from 62.5 million Americans to 67.5 since 2013—an increase of 5 million, or 8 percent, according to the 2014 Ipsos Affluent Survey USA. From 2012 to 2013, the affluent population grew 6 percent. Overall, these Americans spend $2 trillion a year on a wide range of products more»
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