Leading indicators are those things that change in the economy before the economy itself changes. The stock market is supposed to decline ahead of the economy's decline and also improve before the economy does. But the trick in organizational results and brilliant execution is to be able to correctly identify leading indicators that managers canContinue reading “Focus on leading indicators is critical to organizational results”
Category Archives: Leadership and Management
Lessons learnt: Internal Organizational Culture and the CMO- Joel Ewanick ousted at GM
The Chief Marketing Officer (CMO) is outwardly focused always looking at the market and customers- right? Wrong if you see the recent ouster of Joel Ewanick the CMO at GM
Simple is always better than complex for your innovation ideas to fly
Simple is always better than complex for innovation adoption but managers are led to believe that complexity is impressive. The bigger corporations hire highly qualified folks with graduate or doctoral degrees. The latter are trained to read, understand and then extend their discipline’s knowledge. So you would hope that these folks come up with new ideas. And guess what – they do – but these ideas do not fly as high as they could within and outside their organizations.
Divisional time limits for Product Innovation Charters (PIC’s)
Divisions or SBU’s should have Product Innovation Charter (PIC) that comes with a time limit or expiration date. In a highly cited research paper Galunic and Eisenhardt (2001) mention that a manager interviewed at the SBU level who suggested that the time dependent nature of the PIC is a critical characteristic of a good PIC. The PIC is a statement of innovation goals that specifies the market segment and customer need and the task the New Product Development (NPD) team is charged with.
Outsourcing transfers the perishability risk to the provider
As outsourcing becomes an important issue in the US Presidential elections- it's interesting to look at the perishability risk of services and how the provider or vendor takes over managing that risk. But first about perishability in services. Services have been differentiated from goods in terms of service characteristics that include intangibility,perishability,inseparability and variability. TheContinue reading “Outsourcing transfers the perishability risk to the provider”
Character not personality: why 7-Habits Steven Covey is followed across the globe
7-Habits author Steven Covey passed away yesterday and it was just the previous week when a friend and visiting Indian CEO mentioned that Steven Covey’s 7 Habits is a great inspiration for him. And this was before the news of Covey’s passing so it led to this post about why Steven Covey’s ideas resonate across countries and cultures.
US Textile Industry and the outsourcing of US Olympic team uniforms by Ralph Lauren
The outsourcing of US Olympic team uniforms by Ralph Lauren to China seems to cause a great deal of angst among US politicians as you can see in the Wall Street Journal video alongside. The reality is that if you checked out any clothing or home furnishing at the apparel section of Walmart, JCPenney orContinue reading “US Textile Industry and the outsourcing of US Olympic team uniforms by Ralph Lauren”
Creating American jobs with inevitable outsourcing should be the presidential election debate
Creating American jobs with inevitable outsourcing should be the presidential election debate from both parties. This given the recent speculation that GOP candidate Romney might have helped the global outsourcing boom while at Bain Capital. Consider the following: Global outsourcing as a debate in academia has progressed from when to outsource to how to manageContinue reading “Creating American jobs with inevitable outsourcing should be the presidential election debate”
The Internet Cloud and Telecom angle: Global IT spending to reach $3.6 trillion
Global IT spending is to reach $3.6 trillion in 2012 up from $3.5 trillion in 2011 according to Gartner that is about a 2.86% growth. Here are some things to consider in these numbers: Cloud means Internet : Following the previous post about what jobs cannot be outsourced from the USA, the cloud means thatContinue reading “The Internet Cloud and Telecom angle: Global IT spending to reach $3.6 trillion”
What jobs are not outsourceable in the US? Going global in Agriculture,Manufacturing and Services
What jobs are not outsourceable in the US will be a question on top of mind as the Presidential election campaigns gather steam.This as globalization and technology moves forward at an ever faster pace. A useful way to think about the challenge for young and mid-career Americans is as follows: Agriculture: Only a tiny 0.7%Continue reading “What jobs are not outsourceable in the US? Going global in Agriculture,Manufacturing and Services”