Month: December 2011

Why Do We Need Conciliation? A Strategic Analysis As pointed out in a previous newsletter, requesting conciliation has been a common practice for WLUFA negotiating teams in many negotiations in the past and, historically, conciliation has been necessary in order to reach a tentative agreement. Conciliation may be requested at any time during negotiations by […]

Budgets are like weather forecasts: both are just estimates or guesses about what may happen in the future. In contrast, financial statements are like actual observed weather, the real experienced weather of the day. Keeping in mind, the analogy to budgets and financial statements, let’s take a look at the following weather forecasts and actual […]