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Thanks to Professor Clayton Christensen of Harvard University and his 1997 landmark book, The Innovator’s Dilemma , we have a new way of understanding the life cycle of companies and why some market leaders maintain their dominant position and other one-time market leaders disappear. semiconductors (disrupted vacuum tubes).
From my perspective I’d advise clients to give a bit on valuation, or live with more rigid financial engineering to acquire influence (gain access to markets, knowledge, intelligence, connections or superior business savvy). In fact, many investors simply don’t carry much clout, or add very little value once the deal is closed.
In 1976, Harvard finance professor Michael Jensen and Dean William Meekling of the Simon School of Business at the University of Rochester published a paper entitled Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure [ PDF ]. In the NFL there is the real market when teams take to the field to play a game.
In fact, deep lessons can be taught from aviation for most industries and companies who want to operate efficiently and effectively across organizational silos — those insidious barriers that wreak havoc on a company’s efficiency, collaboration, and, ultimately, its bottom line. logistics, and finance. finance, I.T.,
All business (for profit or not) provide goods, services, or intellectual property/capital to a market (or markets) for some form of consideration. Bottom line…Just because a business has a particular advantage doesn’t mean that it can disregard sound business logic. Thanks again for the comment Mark. I Think Not.
Pricing impacts everything from strategy and tactics, to finance, to branding, to marketing and sales, to vendor selection and supply chain management, to recruiting and compensation, and to customer satisfaction and loyalty. Competition : Does your pricing place you at a competitive advantage, or disadvantage in the market?
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.
So, in today’s post I’ll examine the power of disruption as a key business driver… Disruptive business models focus on creating, disintermediating, refining, reengineering or optimizing a product/service, role/function/practice, category, market, sector, or industry. When was the last time you entered a new market?
The achievement of current goals and objectives free up the time & create the resources to move on to bigger and better things…Trying to do too many things at once will impede progress, dilute effort & energy, add to chaos and lead to burn-out. Bottom line…success equals focus. I Think Not.
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.
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.
Tenure Kills Brands : As an organization expands and continues to promote mediocre talent up through the ranks, you’ll notice that growth will eventually slow, quality and customer service suffer, and eventually these negative attributes will be reflected in declining brand equity. Thanks Jason. Mark Oakes Great post, Mike!
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.
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?
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. Bottom line…check your motivations. With the proper perspective and focus it is quite possible to be both efficient and effective. Effective (N2Growth) [.]
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.
Furthermore, a business plan, strategic plan, marketing plan, capital formation plan, exit plan, etc., Business models must be designed with great care at the outset, but they must also be fluid in order to react to changing market conditions and avoid becoming stagnant. are also not business models. I Think Not.
They don’t sit idly by and watch the business lose market share, suffer margin erosion, see their competitive value propositions vaporize, or watch their brand go into decline. Current or anticipated changes in market conditions that will adversely impact your business model. They make changes. I Think Not.
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.
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.
by John • December 11, 2011 • Branding , Leadership , Marketing , Strategy • 1 Comment. I was Nabob’s VP of Marketing, a 32 year-old disciple of an excellent turnaround CEO – a fellow by the name of Hugo Powell who eventually moved on to Interbrew (now Anheuser-Busch InBev ) as CEO. In the CEO Afterlife.
Bottom line…unproven leaders come with a high risk premium. Bottom line – leaders who build a static business doom themselves to failure. Not Customer Focused : Leaders not attuned to the needs of the market will fail. I Think Not. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio.
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?
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. Bottom line…Yes is not a sign of weakness – it’s a sign of intelligent leadership. It is you who have made assumptions.
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. You bring up some great points about leadership and responsibility. angelabisignano Good post Mike!
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. I Think Not.
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! Ramzi I think arrogance is a sign of lack of self esteem. Often I find my executive coaching clients shy away from confidence because they fear that it equates to arrogance – and, understandably, don't want to be seen in that way! I Think Not.
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? While many tend to favor this structure, it is far from perfect as well. Happy Holidays. I Think Not.
Bottom line – If you’re a leader then you need to watch this interview. I find everything, in my realm on marketing, I get the best advise and insight from Christ. I'm sure your thoughts are echoed by many and that Pete will be most appreciative. Thanks for stopping by Jennifer. Scott Gould Right with you Mike.
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. Keep it up. Thanks for sharing Elliot.
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?
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.
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?
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.
If you’re still asking these questions WAKE-UP – get your head out of the sand, and stop broadcasting your ignorance. Become a part of them as opposed to a vendor to them …This is a difficult concept for old-school marketers to get their arms around, but a critical one nonetheless.
Some 80% of government contracts are never put up for bid, and if a contract is under a certain dollar amount, government agencies are under no obligation to issue a bid notice. In addition, when your bid is the first time a government agency learns of your company, you can be sure your proposal is heading for the bottom of the pile.
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. Heather Younger – helps organizations create safe spaces and a culture of listening.
When things are not going well, leaders are often the first ones to roll up their sleeves and work alongside their people to make things happen. Their competitors are trying to inch closer to the leader and those who lag behind are doing their best to work their way up and try to chip at the lead.
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.
While individual leadership approaches will be as different as night and day, and some will clearly be more effective than others, there is something to be learned from them all…There are leaders that we look up to by virtue of their street-smarts, wisdom, and experience; or by virtue of their expertise and contribution to a given field.
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.
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. If as a leader you’re not up to this task, then you should rethink your decision to lead. Great article. Keep them coming. I Think Not.
Scaling up your business will improve efficiency, boost productivity, and increase your bottom line. According to business.com , your growth plan should include information on business expansion opportunities, financial goals, and a growth marketing strategy. Outsourcing is one of the most effective ways to scale up a business.
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