Successful big corporations should devolve into becoming ‘confederations of entrepreneurs.’ Norman McCrae, Editor Here’s a chicken and egg question. What’s more important: an original idea or the ability to execute the idea? Well in 1982, 80% of the Inc. Magazine’s 500 CEOs thought their company’s killer idea, product, or service lead to success. By …
If you’re a dreamer and idea person, you’re going to be in big demand if you can dream, develop, market, commercialize, and finally monetize the ideas. The critical point here is that coming up with the ideas is not good enough, the idea has to be commercial and also deployable. With all this change, your …
The real issue is value, not price. Robert Lindgren, Business person Customers are demanding aesthetically pleasing, just in time, high quality, value priced products. Examples can be found all over. Proctor & Gamble in 1992 killed its marginal brands, cut product lines, and shaved product prices thus saving consumers about $2 billion by lowering …
In the future, more people will work for themselves, creating a huge market for bizarre products. Scott Adams, ‘Dilbert’ creator Monetize is all about how to make money – turning lemons into killer lemonade on a 105 degree day or even better on a 32 degree day. The challenge is that product and service …
FISH: First in. Still Here. Anonymous Most executives I know are frankly scared these days. Competitive and business rules have changed too quickly. They don’t understand their competitive landscape and its new rules. Why? There’s too much uncertainty and unknown risks. They can’t forecast based on historically, stable, and straight-line assumptions. Executives need to …
Here’s another top 12 list. Pritchett’s list is nuanced a little differently. Become a quick-change artist. Commit fully to your job. Speed up. Accept ambiguity and uncertainty. Behave like you’re in business for yourself. Stay in school. Hold yourself accountable for outcomes. Add value. See yourself as a service center. Practice kaizen (continuous improvement). Be …
The smartest folks in college and business seemed to gravitate to big companies because of the money, perks, and potential. Now, we’re seeing another trend. Smart folks straight out of college or B-school go into a big business to learn product development, sales, purchasing, supplier management, customer service and general management. Then, they start their …
Your career or job has a lifecycle. It starts, grows, matures, and declines like any product lifecycle. The trick is to understand where you are in the lifecycle. At the start of the cycle, you learn a job, identify your stakeholders, understand their expectations, and develop skills to satisfy these expectations. As the job grows, …
Self-development replaces corporate career management or guaranteed employment. Traditionally companies told us what’s necessary to perform a task or job satisfactorily. The company then provided resources, training, and incentives to ensure the task was performed according to company policies, procedures, and expectations. This has now changed as more companies move towards a system of developing employee …
The secret of business success is not who you know. It’s what you know. The Wall Street Journal Advertisement Core process competencies are what differentiate one company from another. Organizational core competence is the same as an individual core competence or proficiency. We all have assorted abilities and skills – individual core competencies. Many …