Elder Biz Mentor is an organization dedicated to celebrating and sharing the knowledge of the elder business person.
Our mission is to support one another as senior and valued members of the business community, and to provide mentorship to younger business people.
Meet Founder Richard N. Walton
Richard’s Latest Blog Post
An Elder Business Professional
Richard is proud to be an active business person, mentor and teacher well past the typical retirement age. He was formerly an adjunct Professor at Frostburg State University, teaching Management, Finance, Marketing, and Operations Management. He currently teaches at The New School, and also has worked as a course developer and SME (subject matter expert) for the Eastern Panhandle Technical Innovation Center, Charles Town, WV, where he taught a course called ‘Introduction to Entrepreneurship and Lean Accelerator’.
Richard is honored to be a 16 Year veteran for SCORE as a client mentor, and is the former Co Chairman of the SCORE, Hagerstown chapter.
He has published 50+ business articles over the past 3 years in various publications such as the Hagerstown Herald Mail.
Richard is a former adjunct professor at New York University and a Training Director for the New York City Department of Correction, as well as an SME for NYU where he developed a program for Transformation Leadership and Team Building.
Richard is also a Member of the Lean Enterprise Institute, Maryland World Class Consortia, and Online Learning Consortium.
A blog developed and monitored by Richard Walton, MBA
Adjunct Professor of Management, New School University, NYC
Scaling is being utilized today by all types of organizations in the frantic world wide effort to stop the spread of the corona virus. The situation is unique in several ways. There is no vaccine that can mitigate the effects of the virus. Hundreds of thousands of people have been infected and thousands have already died due to it. Adding to this critical need are the shortages evident throughout the supply chain that are slowing needed resources.
In the United States, the Central Government is embracing the goal of providing resources to enable the healthcare system to ultimately overcome the virus. Other levels of government (state, regional, local) are also actively pursuing supplies and infrastructure while the efforts of many private manufacturing firms are working as well to help stop the pandemic.
None of this is easy, and there have already been communications and other problems within governmental entities as well as the private sector. The goal remains the same: obtain the needed supplies. We want to address in this blog the roles small businesses are playing and the additional roles they may play to meet the ever growing needs.
We’ll start with manufactured items.
What are they and in what volume are they needed?
Can presently deployed equipment be augmented through expansion or specification changes that will permit through-putting more product? (Think: reverse engineering)
Can contracting be used to engage the processing power of other firms? (Think: joint venture, acquisition, merger)
Can presently existing equipment but not being used in this effort be repurposed?
Can additional training be used to augment the labor force and also permit off site piece work to meet the social distancing requirements?
Can artificial intelligence (AI) be utilized to more effectively to plan production and distribution?
Your comments and suggestions about this blog are welcome. Most of all we hope to stimulate productive discussion hopefully leading to increased output of critically needed resources.
Recent Articles on Business & Mentorship
A blog developed and monitored by Richard Walton, MBA Adjunct Professor of Management, New School University, NYC Scaling is being utilized today by all types of organizations in the frantic world wide effort to stop the spread of the corona virus. The situation is...
Question: How can I take a good look at my company at the beginning of the year and recognize what I need to do to improve my outcomes (sales, profits, satisfaction, etc.)? Answer: This can be done quite easily with an analytical tool called SWOT Analysis. Take a look...
Question: What are the various ways available to an entrepreneur to structure a new business opportunity? Answer: Entrepreneurs start thousands of new businesses each year in the United States and throughout the world. While Statistics show that many fail within a...