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Christensen calls this “ disruptive innovation ” and gives examples as diverse as the personal computer industry, milkshakes, and steel minimills. WHAT IS A DISRUPTIVE INNOVATION? Earlier examples of disruptive innovations: telephone (disrupted the telegraph). GLOBAL CONSULTING & DISRUPTIVE INNOVATION.
As a result of our conversation, I decided to dust-off an old post, give it a few updates, and pass along my thoughts, which can be best summarized as “ Ideas Don’t Equal Innovation. “ It is my hope to help dispel the myth that ideas are inherently good things.
Indeed, executives often see themselves as industry or functional domain expertswhether in tech, health sciences, finance, or as an engineer, designer, or head of operations. The bottom line: exercise is an important practice for effective leadership. They Eat Right Dont forget about nutrition.
Management teams are always looking at the bottom linealways. Lets do the math Im not saying this to scare youIm saying it to wake you up. Over the years, youve moved up, earned those raises and promotions, and you deserve every penny. The minute you embrace change and start innovating is the minute you outpace the competition.
Tenure Inhibits Change and Cripples Innovation : Organizations that favor tenure also tend to be prone to majoring in the minors. All of these traits preclude the advancement of change initiatives and cripple innovation. You see tenure is not synonymous with loyalty, but rather is more often a measure of compliance and survival.
The bottom line is this; I view one of the primary obligations of venture capital and private equity firms to be to drive collaboration and innovation across their portfolio companies. The moral of this story is don’t get so hung-up on valuation that you fail to get the in the trenches expertise your company will need in future.
This is the definition of presence, and it is only when we operate in the present that real creativity, growth and innovation occur. Bottom line…success equals focus. Is your rubber-band stretched so tight that it’s about to snap? Efficiency and productivity are not found working at or even near capacity. I Think Not.
Bottom line…if you have high employee turnover (see “ Cutting Employee Churn “), a fractured corporate culture, a lack of leadership development and mentoring programs, regressive compensation programs, and a lack of C-level focus on talent then talent cannot be your biggest asset. I Think Not.
What about competing against the innovation of others that could cause the obsolescence of your product or service? Bottom line…Just because a business has a particular advantage doesn’t mean that it can disregard sound business logic. If you don’t have direct competition you’ll surely have indirect competition.
They were the born leaders we all grew up with. I meant this post to be more of a thinking exercise than a choosing-up sides and fighting till the bitter end drill. They were your class presidents, team captains, club leaders, and the people who held virtually all the available leadership positions you can imagine early in life.
At an organizational level have you focused so much on process improvements and incremental gains that you’ve failed to recognize opportunity and innovate? As I’ve said many times before, things don’t always have to boil down to either/or types of decisions – not everything must end-up on the altar of sacrificial decisioning.
It’s also important to understand that a toxic culture cannot exist if toxic people are not allowed to take up residence. Bottom line - toxic individuals kill productivity, and if allowed to run unchecked can have a much broader and deeper impact on an organization than one might think. I Think Not.
Few things are more critical to your efforts in increasing your revenue growth and corporate sustainability than understanding the value of disruptive innovation. So why do so many established and often well managed companies struggle with disruptive innovation? or my personal favorite, “We need to focus on our core business.&#
Bottom line…personal responsibility and accountability have always been the ultimate leadership “hot potato&# in that everyone wants to be in charge, but few are willing to take ownership of the never-ending obligations that go along with the privilege of leadership. What say you??? 2 Tweets Who’s In Charge?
Lost Ancillary Revenue : On average, a single account is good for a 30 -40% cross-sell and up-sell revenue increase over time as new products, services, joint ventures etc. Over a 10 year period of time, assuming only 2 annual referrals, without any cross-sell or up-sell value being added-in, you just lost another $200,000 dollars.
Bottom line…unproven leaders come with a high risk premium. The best leaders are focused on leading change and innovation to keep their organizations fresh, dynamic and growing. Bottom line – leaders who build a static business doom themselves to failure. Successful leaders focus on customer satisfaction and loyalty.
As the old saying goes “you only get one chance to make a first impression,&# and often times it is the perception of appearance that determines whether or not you are even afforded the opportunity to get up to bat. The truth is most people when first meeting someone will quickly attempt to size them up.
They are the ones innovating and breaking-down barriers. Bottom line…the way you identify leaders is not through psychological profiling or some miraculous transformative process. They're the ones on behalf of the team who step up and do a faceplant with an oncoming tomato.
The word no ends discussions, stifles creativity, kills innovation, impedes learning, and gates initiative. No is not all it’s cracked-up to be…Still don’t believe me? It means your vision is not understood, your team is not aligned and your talent is not performing up to par.
How many times have you put up with, or overlooked certain weaknesses in people because of their considerable strengths in other areas? The sad thing is they don’t just exist on the golf course… My bottom line is this…real leaders don’t accept mediocrity - they constantly seek improvement. Know the type?
That said, I have little use for social networking junkies who collect friends/followers/contacts just for the sake of watching the numbers go up, while adding little or no value to their network. We have all been the victim of somebody's saved up tweets-all blasting out at one time. And then the cynic in me emerges.
Bottom line…I’m in awe of those who have mastered the art of brevity, and after looking back at this post I must admit that I still have some work to do… Share and Enjoy: View Comments Anand Very nice article to mention about the brevity – Don't beat around the bush, come to the point. I Think Not.
Bottom-Line… [link] Dr Sarah Morris Great post! Significance Your Story Matters Service Above Self Capital vs. Influence Dealing with Tough Times The Lost Art of Brevity The Leadership Vacuum Shut-up & Listen Stop Selling and Add Value Social Media Influence The Influence Factor Ideas Dont Equal Innovation Indispensable?
Bottom line…Don’t manipulate for personal gain, rather facilitate for mutual benefit. It's sad that many potential leaders look past this and end up frustrated when they can't get people to act, little do they know they haven't developed trust. Thanks for stopping by David. link] Charles Hey Mike, you hit it right on.
There was a lot more common thinking than critical, innovative thinking. The bottom line is that I really like him, I just wished he had more new material to share. Leaders get too caught up in trivial things and don’t pay enough attention to leadership development. Up next was Calos Brito, CEO of Anheuser-Busch InBev.
In fact, look no further than the current business innovations to seek validation for my assertions. Bottom line…While I can appreciate eloquent and detailed word pictures, they are not always needed. I Think Not. Whos Reading N2growth Twitter Updates mikemyatt: Poor work requries a lot of explanation beca.
Don’t utilize your competitions practices, but rather innovate around them and improve upon them to create an advantage that can be leveraged in the market. A solution that is situationally appropriate and highly adaptable to unanticipated stresses is, in a way, “best&# , but rarely shows up in the “solutions&# literature.
The bottom line in regard to today’s thoughts on business modeling can be summed up in the following three points: 1.) if you cannot define your business model, then you likely don’t have one. if you don’t have one, create one, and; 3.) I Think Not. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio.
You should know from the outset that I fundamentally disagree with the concept of CEO term limits, and quite frankly I cannot really come up with a valid reason for supporting such a regressive concept. Then follow-up your great hiring decision by providing the CEO with the tools and resources necessary to get the job done.
From my perspective, the issues surrounding conflict resolution can be best summed-up in three words…&# Deal With It. &# While you can try and avoid conflict (bad idea), you cannot escape conflict…The fact of the matter is that conflict in the workplace is unavoidable.
If change and innovation weren’t key contributors to sustainable success, and the enterprise could just run on auto-pilot, you could replace the CEO with a General Manager. The bottom line is this…Bleeding is not a healthy thing. The fact is that business is not a static endeavor. I Think Not.
While many people immediately conjure-up an image of the ever so tough, bombastic extrovert without an ounce of compassion as the picture of what constitutes a real leader, nothing could be further from the truth. Of the legions of not so great leaders you’ve encountered over the years, how many of them were absent of these qualities?
I believe that it can actually be both, but that decision lies solely with the employer, and is not really up to the employee no matter how much they might feel it is. Is a year-end bonus a right of entitlement or a privilege to be earned? The structures of corporate bonuses are as varied as there are numbers of entities. I Think Not.
If conflict does flare up, you will likely minimize its severity by dealing with it quickly. Bottom line…If you can’t avoid the crazies there is still hope…I sincerely believe productive working relationships can be formed with even the most difficult people where there is a sincere desire/need to do so. I Think Not.
Bottom line – If you’re a leader then you need to watch this interview. I Think Not. Whos Reading N2growth Twitter Updates mikemyatt: Poor work requries a lot of explanation beca. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio. mikemyatt: RT @janemyatt Their sacrifice.
In fact, most differences don’t require intervention as they actually contribute to a dynamic, creative, innovative culture. If a conflict does flair up, you will likely minimize its severity by dealing with it quickly. The bottom line is that people matter, and but for people organizations don’t exist.
The answer is that you’ll have reached the point where your interactions with others consistently use the following 10 principles: Speak not with a forked tongue : In most cases people just won’t open up those they don’t trust. Open dialogs with those that confront you, challenge you, stretch you, and develop you.
So now you’ve cut costs and freed up some cash. In the case of struggling Nabob Foods, two significant innovations facilitated the turnaround. Half of that cost savings went to the consumer – the other half went to our bottom line. While they played catch-up, we were already working on the next innovation.
I can sum-up my feeling on this in one word… ridiculous. Great leaders intrinsically understand that team building catalyzes collaboration, creates both disruptive and incremental innovation, facilitates a certainty of execution, and is one of the key foundational elements associated with creating a dynamic corporate culture.
Bottom line…If you’re a leader and not an avid reader, you’re wrong. Up until a few years ago Rick Warren read a book every single day. With what I’ve noted thus far I’m always amazed at the number of executives who don’t keep up with their professional reading. Do I have your attention yet?
In that follow-up zoom call, I try to be as helpful as possible in sharing any data I’ve collected from pre-event surveys or attendee interviews I use to prepare for their event.
Bottom line: serving oneself just doesn’t work for anyone! We are only as good as the people who surround us, and it’s up to us to set the climate. Patronizing, belittling or sarcastic leaders forgo trust and loyalty to prop-up their ego – big mistake. https://www.managers.org.uk/practical-support/management-community/blogs/why-are-ceos-rarely-fired
The premise of his piece is that the landscape of the Blogosphere is changing radically, and that as such many “A-Listers” have either quit, or are contemplating giving-up their blogging endeavors. The bottom line is that the numbers do in fact speak for themselves. Blogging is much more than the latest trend and is here to stay.
If you’re still asking these questions WAKE-UP – get your head out of the sand, and stop broadcasting your ignorance. I would strongly suggest reading two previous posts: “ Shut-up and Listen &# and “ Stop Selling and Add Value “ as support for these positions. Instead I will just share your post!
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