“If you want something new, you have to stop doing something old.” – Peter F. Drucker The leadership of any business cannot possibly know the ins and outs of every task, every job, every process in the organization. Yet, when it comes time to change, reinvent or restructure even part of the organization, leaders often […]
“Try not to become a man of success. Rather become a man of value.” ― Albert Einstein Around the turn of the century, Lego was in trouble. They had lost their way. Revenue and earnings looked like this: Through a series of events which reconnected them with their core purpose of creating value for their […]
The ancestor of every action is a thought. – Ralph Waldo Emerson Let’s debunk the myth that strategy is high and lofty, something done only by those people in the corner office. Everybody does strategy. Everybody naturally uses a five step strategy method without even realizing it… every day. Their “strategy” is the way they think […]
Don’t you just love disruptive entrants into food stores! Be sure to tune in!
Many will be familiar with the concept of the “iceberg of ignorance”. It was popularized in 1989 by a consultant named Sidney Yoshida. Yoshida conducted a study that concluded that top management was only aware of 4% of the problems in a company… only the tip of the iceberg. It was a popular concept that […]
(Excerpted from the Q4 2015 Update) “If a man is called to be a streetsweeper, he should sweep streets even as Michelangelo painted, or Beethoven composed music, or Shakespeare wrote poetry. He should sweep streets so well that all the hosts of heaven and earth will pause to say, here lived a great streetsweeper who […]
There’s a big problem in the college football sports world. Well, in my opinion anyway. The Nebraska Cornhuskers, my alma mater, have momentarily lost relevance. At least, tens of thousands of Husker fans around the world and I hope it’s momentary. And the entire Husker Nation is trying to figure out why. The situation with […]
There’s a lot of talk about how dramatically different the Millennial generation is. And so, every organization is madly scrambling to “appeal” to this large cohort. For crying out loud, businesses are destroying private offices, installing slippery slides, and changing dress codes in the hopes of attracting talent and engendering loyalty. But they’re just people […]
Consider this… The lifecycle of a business in the 20th century was 75 years. By the year 2000, that number had dropped to 15 years. Now, the number is 7 years. See it explained eloquently in this video… Is it any wonder that 70% of the Fortune 1000 businesses listed 10 years ago are now […]
Some time ago I was asked to improve the new product development process at Kraft Foods. I call it the Idea to Market process… i2m™ for short. The assignment came from the top of the house who was feeling tremendous pressure to accelerate innovation to fuel earnings growth. The CEO was primarily concerned with accelerating […]
