Here’s a bleak but likely reality. It appears we’ll all be headed over the coming fiscal cliff regardless of the outcome of the upcoming elections. That means, according to the CBO, a 4% hit on the GDP, lower taxable incomes and higher unemployment. As a result, many including the CBO are predicting a recession in […]
So, when should a senior leader consider changing their business model? Obvious answer: before it’s too late. See Blockbuster, Circuit City, Hostess and scores of others in the past few years. More realistic answer: it depends. The business model is the integrated system of people, process and resources all designed to create and deliver value […]
The economy and many other factors have taken their toll but take heart, all you in business working so hard to make a go of it. Check out these words from former President Teddy Roosevelt: It is not the critic who counts: not the man who points out how the strong man stumbles or where […]
Angela Ahrendts, CEO at Burberry, has led the reinvention of their 150-year-old brand through three core business design principles that drive everything. As a result, they are experiencing the rate of revenue and earnings growth you’d expect from an industry leader. Denise Morrison, CEO of Campbell Soup Company essentially wants to do a similar thing […]
As I’ve mentioned before, for many companies continuous improvement programs simply won’t be enough to handle the growing squeeze on margins. But what are companies to do? Well, stop paving the cow path. Instead, companies need to approach innovation in how they do business similar to the way they approach new product innovation. They need […]
If you want to get better results today and be able to meet the challenges of tomorrow, then you can’t depend on a business that was designed for yesterday. Yet that’s the way many businesses operate. I started driving a tractor when I was 6 years old. Although it seemed really big to me, the […]
I’ve spoken of the growing need for productivity innovation before. And with the drought’s impact on food commodity prices, the languishing economic indicators and the high likelihood of a recession beginning in early 2014, most businesses are going to be competing for share of wallet in a low growth environment. Let me reiterate another point: […]
I guess it’s not surprising given the troubled condition of our economy that the number of homeless has grown so rapidly. This past summer, I conducted a needs assessment for The Salvation Army of La Crosse (WI). They provide temporary emergency food and shelter for the homeless and help them with transition resources. They’re the […]
As I mentioned in my last few email newsletters, I’m pretty skeptical about the value of having a Facebook page for my business. I have no idea how to monetize a “Like” for ThinkWay. But I have figured out a way to monetize a ThinkWay “Like” for someone else! We created a Facebook campaign called […]
That’s what David Leonhardt of the New York Times calls it. It’s likely what’s going to happen to us all while both political parties continue their dueling campaign obstinacy strategies. Here’s the chart again from Business Insider…
