ThinkWay Strategies, LLC has been retained by Legacy Advisor Network, Madison, WI, to provide strategic advisory services in the development of their growth strategy. Legacy Advisor Network is led by President & CEO David K. Sorensen, CLU, ChFC, and provides wealth management services to clients and to independent financial advisors all over the country, including focused […]
It doesn’t really matter what it is: innovation and bringing ideas to market, buying and integrating an acquisition, IT initiatives, restructuring, new marketing programs, reinventing the supply chain, or you name it. From the get-go, large and small initiatives are almost all biased to fail and will not achieve their original objectives. And that’s a […]
The big strategic efforts that require internal change almost always fail to achieve the original objectives. Whether it’s an acquisition and subsequent integration, a needed change in the ability to innovate, implementation of a major ERP system or software platform, a new supply chain program or approach, or any number of other major initiatives, CEO’s are […]
Several of the businesses in two of my favorite industries had disappointing earnings releases over the past couple of weeks. They did pretty well in emerging markets, where their portfolio of products are “new”, but most of them struggled to grow in developed countries. And although they have plans to go after additional cost reductions […]
Interesting infographic via Food Business News from the National Restaurant Association. What do you think the top culinary trends in 2014 will be? Here are the Top 10 from NRA…
Connect These Dots… starting with statistics about Apple (AAPL). Dot One. There are over 900,000 iOS apps in the App Store, there have been over 50 billion app downloads, Apple has delivered 800 billion iMessages, and they’ve delivered 7.4 trillion push notifications. Half of all American households own an Apple product. Millennials (age 16-34), who already […]
Most everyone is familiar with the Pareto Principle named after Vilfredo Pareto, an Italian engineer and economist. Basically the Pareto principle states that roughly 80% of the effects come from 20% of the causes. And this is especially true of the innovation process. But unfortunately, most CPGs haven’t taken the time to sort through their […]
Adding nitrite to meat changes the color, flavor, and its resistance to spoilage. Curing is a good thing. And I love cured products. Especially, bacon. However, like everything in life, there are some extremely remote risks associated with nitrites (it has something to do with cooking temperature and eating more than is humanly possible). Consumers, […]
The little two year old was in the warming pool walking around on the ledge used by adults for sitting down in the water. Mom was right beside her showing her the best path to walk, letting her venture on her own, but also telling her repeatedly not to step too close to the edge […]
How old is your business? No, really. How old? As we get older, inevitably we get a little less flexible, slower in response, a little more risk-averse, and we tend to look back in time more often than forward. Unfortunately, this aging process happens in businesses too. But it doesn’t have to. Businesses can self-renew. […]
