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By Stephen Colombo; Jiaxin Chen; Michael Ter-Mikaelian; Linda Heath

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There is absolutely no excuse for employees with years of satisfactory performance reviews in their records suddenly being recommended for termination. When this happens, there is a serious performance problem on the part of management. 5 Lead by Example One thing the United States military teaches that is also true in business is that the boss must lead by example. The boss can never hide behind a “do as I say, not do as I do” philosophy. Any boss who tries this will immediately and irretrievably lose all credibility and respect among his or her subordinates.

This is not a matter of customer focus; it is knowing what elements are necessary to keep the business viable in the process of satisfying customer needs. 1 Polymer Manufacturing Polymer manufacturing is a sector of the chemical and petrochemical industries as a consequence of historical development as well as the need for vertical integration. Virtually every polymer producer today is a division of a larger chemical or petrochemical company. Polymer manufacturing therefore must be analyzed from the standpoint of these larger industries.

Sooner rather than later, payrolls and creditors’ bills have to be met. In a free society, profitable companies pay their employees well, sustain a number of vendors, satisfy a number of customers, fulfill stockholders’ investment objectives, and pay taxes to local, state, and federal governments (actually companies collect taxes for governments, as only people actually pay taxes). Companies that are unprofitable and cannot meet their bills are eventually sold or liquidated. In any event, a great many people lose their jobs beside the manager, and the stockholders’ investment suffers or is lost altogether.

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