Even though we are in the middle of the fastest-changing business climate ever seen. But some companies refuse to make a change in order to better meet the needs and wants of their consumers. What are the reasons we resist change?
Portland economist Bill Conerly says one of the most important short papers on corporate strategy has just been published by McKinsey Quarterly. In "The Perils of Bad Strategy," Richard Rumelt explains common errors in developing corporate strategy, based on his forthcoming book.
Power is a measure of work per unit of time. As you use your time better, you become more powerful. Growing your power is a wonderful goal, because every time you make progress, you get more meaningful work done with less time and effort.
The announcement of Google+, the newest addition to the social media world, is intriguing for multiple reasons and has people wondering if it may be the official answer to Facebook.
Small business is down in the dumps. Just compare the attitudes shown in NFIB's survey of small business owners with the Business Roundtable's survey of corporate CEOs. It sure seems that the corporate honchos are feeling better than they did before the recession, whereas small biz owners are up from the depths of the downturn, but not yet back to where they had been.
It is difficult to walk through a bookstore without encountering numerous books about achievement. Some are general, concentrating on what it takes to be a winner, while others are specific to certain types of business or certain types of investments. Sprinkled throughout these shelves at regular intervals will be biographies and autobiographies of highly famous or highly successful people. Implicit in all of these stories is the "formula" that these people used to achieve success.
Mark Thoma found President Obama's remarks this week on deficit reduction talks with the Republicans disappointing on several fronts: First, that the president seems committed to doing whatever it takes to reach a deal; and second, that Obama has adopted austerity as a valid means of stimulating the economy.
An email from one of the authors of Reckless Endangerment, Josh Rosner, pushes back against my post on the book and how it is being used by conservatives to try to blame the financial crisis on Fannie, Freddie, the Community Reinvestment Acts (CRA), and Democrats.
Transitions are dangerous times for any business — not just when a firm is bought or sold, or when there’s a new CEO — and they are also times of tremendous opportunity. Navigating through a change that puts the firm at risk is critical to the life of a company.