When it comes to evolution, does your business cling to the past or embrace the future? In order to drive the company’s evolution, the CEO must address those issues for stakeholder buy-in. He/she needs to listen and acknowledge the fears (and sometimes laziness) that keep key stakeholders reluctant to change, then show them a solution to their trepidation. They must demonstrate how the benefits of change out weight the status quo.
Is it a hoax or a cover-up? Sometimes it doesn’t matter. The word “hoax” has been used to dismiss factual situations. “Hoax” means “a humorous or malicious deception.” Characterizing something as a hoax can also be a means of covering up a legitimate concern that needs to be addressed. A hoax or cover-up can actually be a legitimate threat to the future of a business.
What executives with configurable products & services want for their businesses, employees, and customers.
-Increased market share
-Improved operating margins
-Lean the business–eliminate waste
What does product rationalization mean? It is the action of making a company, process, or industry more efficient, especially by dispensing with superfluous personnel or equipment.
Often, product rationalization is done behind closed doors within companies or even in the boardroom.
There is conventional thinking for durable competitive advantage during normal economic conditions, but I’ve added 2 action steps for durable competitive advantage during economic crisis, like this Covid-19 economic crisis.
What’s more important strategy or execution? I argue they are both equally important. Here’s what we know anecdotally: Too many companies have poor execution of their strategy. We seldom hear about companies with great execution and a poor strategy. Many top executives see their role as setting strategy. Yet, they Read more…
In a CNN article, Sheryl Sandberg, Facebook’s Chief Operating Officer, was asked, “What does it take to run a successful business?” “I strongly believe in ruthless prioritization. Sometimes people think of prioritization as only doing things that will have a positive impact on your business. But ruthless prioritization means only Read more…
Hunter Pence continues to be a San Francisco Giants fan favorite even though he is no longer with the team. His 2018 season with the Giants was less than stellar. I was excited to see an article about Pence’s renewed success with the Texas Rangers given I thought he had Read more…
YouTube TV made an unforced error this past week: it added additional channels for current subscribers raising the price for everyone $10 a month. The new service isn’t an option; it’s required. The new channels are: Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Animal Planet, Travel Channel, and MotorTrend. Read more…