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T HE vast majority of today’s business leaders are either embarking on AI deployment to improve their operations or are considering it. Some 54 percent of organizations say AI has been cost-effective for their business operations. I learned this principle when helping clients brainstorm how best to leverage AI within their operations.
It is essentially impossible not to and this is particularly true in the ever-changing and evolving technology industry. years as of 2011 from 10 years in 2000. No matter whom the talent, anyone in the same position for several decades is bound to become temperate, or perhaps even myopic.
This is the definition of presence, and it is only when we operate in the present that real creativity, growth and innovation occur. Operating in excess of that threshold will cause increased stress, lack of attention to detail and errant decisioning. Is your rubber-band stretched so tight that it’s about to snap?
Great businesses are in constant search of improvement, innovation, change, disruption, knowledge and other strategic leverage points that lead to a competitive advantage or operational enhancement. Well actually, no it’s not. Don’t fall into the rut of allowing your business to be trapped in a perpetual state of static thinking.
Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? As odd as it sounds, businesses that are not dependant on smart talent, capital, or technology can scale faster and easier than those businesses burdened with the aforementioned dependencies.
Rarely will you come across a static opportunity in the sense that it will stand idle and wait for you to act…Significant opportunities are not only scarce, but they typically operate on the principal of diminishing returns. So much so, that if you don’t think timing is everything - think again.
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These companies have placed themselves far behind the technology curve because tenured managers hire employees with obsolete skill sets and together they create mediocre solutions. Walking into these organizations is often like traveling back in time 20 years.
Also, a common response is to confuse a sales engine, fulfillment process, operational process, technology platform, or any number of other areas as business models, where this is not the case. Furthermore, a business plan, strategic plan, marketing plan, capital formation plan, exit plan, etc., are also not business models.
Posted on January 21st, 2011 by admin in Leadership , Miscellaneous , Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth Entrepreneur, CEO or Both? Which hat, or hats do you wear? CEO…that title sounds good doesn’t it?
No matter what they do, from technology to advertising, they believe that it is not as good as it can be or as good as it ought to be. Once taken, they co-operatively move forward toward the common goal. 2011 sales were $82 billion. The character of P&G can be summed up in one word – Exploration.
link] ATIG Dear Mike, "I've found that 90% of problems companies have on-line are created by management, not technology" David Segal Why not E-leader ( participative) for better decision making to do the right thing ? We must slow down the technology speed and its consequences. Identifying leaders?
by John • December 11, 2011 • Branding , Leadership , Marketing , Strategy • 1 Comment. New vacuum-packing technology drove sales and coffee-roasting advancements cut costs by 15%. December 13, 2011 at 3:50 am. December 2011. November 2011. October 2011. September 2011. August 2011.
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The moral of the story is this…A lack of delegation creates operational bottlenecks, delegation confused with abdication creates organization chaos, and effective delegation of authority vs. tasks creates personal and operational excellence. Share and Enjoy: View Comments bfpower Well said, Mike.
They are voracious learners always looking for better methods, different approaches, enhanced efficiencies, better technology and increased velocity. These tenets are discussed at length by Vineet Nayar of HCL Technologies, in his book ‘employees first, customers second’ [link] mikemyatt Hi Kavita: Thanks for your comment.
The harsh reality is that great numbers of leaders continue to operate in a vacuum by sequestering themselves away in the corner office and attempting to lead from afar. So the real question is this…how does a CEO get to the point of being so disconnected from operations that he or she just doesn’t have a clue?
Posted on July 7th, 2010 by admin in Leadership , Operations & Strategy , Rants By Mike Myatt , Chief Strategy Officer, N2growth I have read some interesting articles and blog posts of late on the subject of CEO term limits, and felt this topic worthy of discussion.
With the continued rapid development of technology taking the concept of globalization and turning it into hard reality facing businesses of all sizes, it is time for executives and entrepreneurs to examine their current business models from a disruptive perspective.
by John • October 17, 2011 • Branding , Human Resources , Leadership , Marketing , Strategy • 3 Comments. The conversation in the 2011 branding world is well beyond product and service brand discussion by marketers and ad agencies. October 18, 2011 at 5:02 am. October 19, 2011 at 6:50 pm. December 2011.
The second trend is technology’s recognition of the first trend. First is the time pressure for our attention. People simply don’t have the time to listen to, or read, unnecessarily long forms of communication. Emails, voicemails, instant messages, text messages, blogs, Tweets, Facebook updates, etc.,
Even solid world class institutions like the University of California Berkeley under the leadership of Chancellor Birgeneau & Provost Breslauer are firing employees, staff, faculty and part-time lecturers through “Operational Excellence (OE) initiative”: last year 600 were fired, this year 300.
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Gut instincts can only take you so far in life, and anyone who operates outside of a sound decisioning framework will eventually fall prey to an act of oversight, misinformation, misunderstanding, manipulation, impulsivity or some other negative influencing factor. They make bad decisions.
In some ways it’s only natural that we see an increase in discussions on potential challenges for organizations in operating under a multi-generational workforce. And that is the issue of how to effectively manage a multi-generational workforce. & Dolan S.L. Waxin M.F & Labelle C. 445-469.
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I'm looking forward to learning from you in 2011. I'm looking forward to 2011 and I appreciate your advice and friendship. May I take to heart these good words of advice in 2011 and the years ahead. Have a joy filled 2011. I wish you and family a blessed 2011 as well. Thanks for the great reminder.
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A person could either take several minutes to explain the evolution of technologies, mediums, shift in content paradigms, engagement practices and market dynamics that came together to make the Internet a more valuable and efficient space, or they could just utilize &# social media&# as a descriptive aid to make the connection.
He marshaled all of his country’s resources and the talents and technology of experts from around the world to get the miners back alive. Accept Help: The rescue operation appears to have been a model of private and public sector cooperation and coordination. Thankfully for everyone, it worked.
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Home About Overview News Careers Contact Blog Services Branding/Identity Executive Search Leadership Development Overview CEO Coaching Executive Peer Groups Strategic Growth Consulting Innovation Management Personal Branding Reputation Management Social Media Consulting Pro Bono Services Clients Intermidiaries Downloads Blog Contactus N2growth Home (..)
Closing gaps becomes much easier when you can position differences as non-adversarial and operate within a framework of trust. If so, you likely have issues with conflict. The issue hasn't risen to a level of significance to merit their involvement, in which case you must get them to understand why the conflict merits their involvement.
Just like an algebraic formula, business also functions according to rules governing order of operations. An organization's purpose often changes over time as advances in technology, changes in customer demands/preferences, etc. Furthermore, the enduring anchor of an organization is found in its values and ethics, not its mission.
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Posted on March 24th, 2010 by admin in Miscellaneous , Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth Is the customer really always right? How far should a company go to satisfy their clientele or customer base?
And to top it off, they have no technical experience to operate their own machines. Stop hiding behind the old and antiquated belief ‘you’re above all that mundane stuff’ — you’re too important/elevated to have to know/understand your own technology. It’s almost 2011, not 1998. Grow up and learn your tools inside out.
It takes a blending of approach to craft the right message and this will not happen when operating in a vacuum. When someone asks me about an operational matter in the corridor and I haven’t got the key points mentally articulated, I am all over the place.
We are living in a new era of technology and understanding and Pete has his finger on the pulse of how to relate/reach individuals. His leadership is remarkable! Pete is reaching people through not only speaking but through videos, blogs, websites and other social media outlets.
The focus of these short-sighted bean counters incorrectly place cost savings ahead of the customer experience. In short, most CRM practitioners have traditionally assumed an internal (inside-out), operationally centric approach to customer management and strategy.
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