When your company is doing well,that is the time to orchestrate transformation. These are the immortal words from a former CEO of a Fortune 500. However, too often, CEOs are so focused on maximizing profits from existing revenue streams. As a result, when a competitor introduces a disruptive product or service, the incumbent is not prepared. That leads to being
Tuesday, April 4, 2017
From the perspective of business executives, there are two ways to grow an enterprise: build or buy.
They ask whether it is appropriate to build a new business idea, product or service from scratch. Or should the company buy an existing corporation that already provides the desired product or service?
The answer to that question: it depends. Either way, the solution is never simple.
Often, purchasing another organization is an
Tuesday, March 21, 2017
Most of what is taught in business school has a focus on steady, incremental improvement. I don’t want to throw that out. I do, however, suggest that businesses can create quantum leaps. And the difference between the two processes is what defines leadership.
So, where do I start? I ask: What’s the difference between a manager and a leader? Managers become managers because
Tuesday, February 28, 2017
As a society, we continuously contemplate the meaning of life. In trying to define the reason for being, we attempt to understand the purpose of our own lives. That said, how do you know your purpose?
Some believe that purpose can be derived from
Tuesday, January 31, 2017
When I first meet with a client, I tell them something profound. Within the first 20 minutes of that meeting, I tell them they are still making decisions as a five year old. In every single case, they tell me that that does not apply to them. Over the next 90 minutes, they say something different. They come to the