Nip Impresions 24 Nov 2025: When not to innovate

Jim Thompson's column emphasizes the importance of ethical business practices,particularly regarding financial record-keeping. He warns against manipulatingfinancial data, citing several notorious examples of corporate fraud. Thompsonstresses the necessity of accurate, daily inventory counts, even withcomputerized systems, to prevent fraudulent behavior. He advocates for honestbusiness dealings, including prompt payment to suppliers and adherence to faircontract terms, ultimately arguing that integrity is crucial for long-termbusiness success.