Madison, WI (for immediate release): Process Excellence Network has selected a business transformation article written by Larry McManis, President & CEO of ThinkWay Strategies, as this week’s Editor’s Choice. The article, Is It Time to Transform Business Transformation?, identifys three key areas where leaders and teams of strategic initiatives need to transform their own thinking in […]
Several years ago, a marketing group we were working with was complaining about all the busywork that was keeping them from doing the difficult, more important work of growing the business. An assessment of where they were spending their time confirmed their assertions. So, one action we took was to automate the administrative task of […]
In only one brief interview with a new product creative designer, it became clear the consumer products company was going to have significant problems with a strategic transformation. Hearing the reactions of senior leaders to the anonymous interview results only confirmed suspicions: they were on track for failure. It was a high priority strategic initiative […]
ThinkWay Strategies, LLC has been retained by Q Energy™ Systems, a division of Dane Manufacturing, to provide strategic advisory services as they roll out their portfolio of world class residential and commercial geothermal heat pumps. Q Energy™ systems are designed, engineered and manufactured to set the standards for home comfort, quality, reliability, affordability, and environmental […]
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 […]
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 […]
