Management expects a solid rebound in its revenues in fiscal 2013, aided by order pull-ins and additional revenue recognitions from contracts signed earlier this year.

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The Pharmacy Compounding Accrediting Board also provides additional quality assurance recognitions.

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Other members of the centre-right ruling coalition echoed Mr Jansa's position, while some opposition politicians went even further, suggesting that Slovenia should wait to see the reaction to the first wave of recognitions, and only then decide how to act.

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At work, this could mean the CEO opening her address book and providing introductions, making herself available for meetings and dinners, and providing the necessary tools, recognitions, access and incentives to fuel the team to perform at the highest level.

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While there is no doubt certifications open the door and improve your chances of getting an interview, official recognitions are not the silver bullet, says Wayne Botha, a project manager with two designations: Microsoft Certified Systems Engineer (MCSE) and Project Management Professional (PMP).

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This implies several crucial recognitions: that intuition and experience are not sufficient to make all decisions in a way that maximizes shareholder value, that non-experimental methods are not up to the task of determining causality with sufficient reliability to guide many actions, and that experiments can be applied in practice to enough business issues to justify the costs of the capability.

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