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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).
Its market cap is over $2 trillion. In 2014, when the company’s market capitalization was $380 billion, this Microsoft veteran took over as CEO. By 2019, Microsoft’s market capitalization edged past the $1 trillion mark, making it the world’s most valuable company. By 2023, its market cap reached $2.5
Likewise, just because someone has failed in a previous position doesn’t mean that they might not end-up being a top performer for your company. I also believe that if HR is solely charged with the recruiting efforts for senior management and executive level positions you’ll end-up with a very weak management and leadership team.
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?
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.
Many business leaders are perplexed by the task of leading in an ever-increasing technological world. Yes, we are leaders of people, and yet it feels as if technology and other digital demands keep us from investing in our most valuable resource, our people. Prioritize the Person, as Well as the Technology. “I Listen deeply.
Underinvestment in Technology. Because Southwest Airlines seems to have the worst, most outdated operating technology in the industry. Failing technology. A company of Southwest’s scale does not get this far behind in technology without repeatedly ignoring the advice of their IT department. Invest in Technology.
We reach out to highly-qualified passive candidates who are not actively looking for positions and are not part of an application process and market our clients’ opportunities to them. Executive Search Consultants Who Understand the Market .
How can new leaders at organizations large and small help stir things up in a positive way that produces new innovations, generates new energy and engages staff? Nadella, by contrast, set a strong direction from day one, clearly laying out a destination in his focus on “mobile-first, cloud-first” technologies.
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.
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. The bottom line is this…as an employer you need to possess an extreme bias toward performance.
The position of Product Manager is the single most important individual contributor role at any technology (product-focused) company. The following five practices will guide you to become an effective product leader: Build relationships: Product managers depend on others in engineering, marketing, sales, etc. The opposite is also true.
The most important job for startups is to focus on their (probably one) product and to subsequently scale up. Optimizing innovation makes up the majority of what established organizations already do today. They require great technological conversions. But technology may, in fact, be a minor part of the task.
Bottom line…the way you identify leaders is not through psychological profiling or some miraculous transformative process. We must slow down the technology speed and its consequences. They're the ones on behalf of the team who step up and do a faceplant with an oncoming tomato. Thanks, Sami impassioned Hi Mike.
At the bottom of this post , I tell you how to get an advance copy of half the book, a 50% discount off the full book when it releases next week and a copy of Mark Sanborn’s Doing Leadership eBook - all FREE. Ben… …provides a guide for contemporary leaders to leverage technology for the benefit of their organizations.
Yet we allow unqualified managers to engage in hiring activities that not only may result in poor hiring decisions, and related costs, but also damage your reputation in the hiring, and wider, market place. How well does your company communicate and live up to its employee value proposition to its existing employees?
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.
They are expanding, becoming larger and more complex as they seek to establish a presence in new markets. Driven by technology, our interconnection and inter-dependence as individuals, as companies, and as countries are expanding exponentially. Using technology to manage at a distance. Organizations are made up of people.
Forbes the Worst CEO Screw-ups of 2012. The veteran “Worst CEO” writer and market insider Greenberg picked Groupon’s Andrew Mason, who didn’t appear on either of the first two lists. Valuewalk says it “used our own proprietary technology to make the final decisions.” How can CEOs avoid ending up on the “Worst CEOs of 2013”?
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 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.
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.
Experts predict that AI will create new leadership roles and moreover, require leaders to adapt to new technologies. This is partly due to the changing demographics of the workforce, as more baby boomers retire and fewer young people enter the labor market. As AI evolves, it will transform leaders’ work and skills.
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.
In a hiring market like the one we’re currently experiencing, finding a true game-changing leader is extremely challenging. Vukelic notes that boutique firms create team structures to work on projects, and their “top-to-bottom” approach offers the client extraordinary attention to detail. Typically, Ms. Earlier, Ms.
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.
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) [.]
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.
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., I Think Not.
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.
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.
When a widening gulf in salaries and benefits between the top and bottom ranks of an organization exceeds acceptable bounds, employees are less likely to feel a need to work harder, let alone possess the sense of loyalty, responsibility and trust needed to help solve a company’s most pressing challenges. And that would be a good thing. * * *.
The secret to ticking all of these boxes and optimizing the potential for business growth lies in investing in the right technology. So, what type of technology is necessary to ensure that financial administration is properly taken care of from month to month? Marketing. Email marketing software. Read on for the details.
China, for example, is pouring a ton of state funds into programs, investments, and technology that foster innovation. He is leading the charge on zero emission technology. We can teach leaders how they reinforce and recognize bottom-up innovation. Some research shows that the U.S Imagine Apple without Steve Jobs.
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.
Getting a competitive product to market, and properly supported, at the lowest possible cost, while continuing to grow revenues, and profit, at acceptable rates. The answer is, we did want to keep the score going up. And the scores did go up. And we continued to grow the bottom line at the rate we had planned for.
Bottom line – If you’re a leader then you need to watch this interview. 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. I find everything, in my realm on marketing, I get the best advise and insight from Christ. 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.
Technology has clearly paid a huge part in this, but the biggest driver of change in how organizations are run is the ceaseless quest for improvement; to manage more efficiently and effectively to better achieve business results. Best practice only caught up with the great thinker’s ideas in the 1990s.
Insurance executives face unique challenges and opportunities with emerging technologies, including AI, evolving regulatory environments, and global economic uncertainties. This includes understanding market trends, anticipating risks, and crafting effective risk management strategies.
The consequences of this approach are far-reaching, impacting not only the bottom line but also the organization's overall health and growth trajectory. Downsizing, salary cuts, and underinvestment in employee development can decrease morale, productivity, and overall company performance, ultimately impacting the bottom line.
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.
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