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What about competing against the innovation of others that could cause the obsolescence of your product or service? 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. I Think Not.
For the good of us all, I want to shorten the learning curve and lay out the three biggest things we learned […] The post 3 Things We Learned About CrisisManagement from the Collapse of SVB appeared first on CEOWORLD magazine. Copyright The CEOWORLD magazine Limited 2021. All rights reserved.
In a crisis, whether short or long-term, the most senior people in the organization need to step up and offer innovative solutions to the issues hammering the bottom-line. At best, they are managers. But, these blips have a way of separating leaders from followers. Those who can’t do this are not leaders.
Why don’t giant innovators like Apple, Google or Facebook have Strategic Planning Departments? In the final analysis, companies with a C-Suite that drives strategy are action-oriented, less bureaucratic, and better-performing. I’ll leave you with one question.
Imagine Apple without innovators or Zappos neglecting service or Whole Foods selling a slew of processed foods loaded with saturated fat. Other than ensuring an ethical environment in the organizations they govern, I suspect today’s Boards still don’t give culture the attention it deserves. Generally, founders instill the culture.
Faster innovation. Total Quality Management is customer-focused and strategy-directed. This is not something that can be conducted alone by internal humanresources departments. Paying attention to quality can realize: Lower operating costs. Research shows they can be cut in half. Customer retention. Enhanced reputation.
It is important to identify swings and trends so that innovation can remain a strength of your business. Top management has as a priority the need to develop and practice People development, skills and team building responsibilities. HumanResources program is active, professional and responsive to the organization.
Innovation is something other companies do. Cliques form and rivalries increase. Political animals rise in the corporate pecking order. Pessimism becomes the common cultural thread. Strategic and operational paralysis has become the norm. Resumes are being up-dated and posted online. Too many operational changes.
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