Why People Buy A Service Contract

Why People Buy A Service Contract

Introduction For over 20 years, I was two companies’ vice president of service. I had global responsibility in one company, and in the other, I was responsible for the Americas. To keep up to date with industry trends, I attended local and some Global AFSMI...
17 Years and Nothing Has Changed

17 Years and Nothing Has Changed

I recently rediscovered a McKinsey article, “How to make after-sales services pay off,” by Russell G. Bundschuh and Theodore M. Dezvane, that appeared in The McKinsey Quarterly, 2003 Number 4.  Here are a few points from the article: “Manufacturers of everything from...
Recession Planning is Like Retirement Preparation

Recession Planning is Like Retirement Preparation

The U.S. economy still appears to be strong. Yet, there are enough negative indications that business leaders and economists are beginning to predict a downturn or recession in the next 12-24 months. If your business has not already started recession planning, you...