Posts filed under ‘strategic planning’

Economic recovery? It’s up to you.

I’ve been participating in a Linkedin discussion among Vistage / TEC CEO Leadership group members. It began with a link to “Here Comes the Recovery!” by New York Times business blogger Jack Stack (bio). The article begins…

After spending the last six months on the road talking to hundreds of business owners around the country, I have come to a conclusion that might surprise you: the economic recovery is already well under way. And, if you don’t start putting a strategy in place to take advantage of it, you’re risking the future of your company… (continue reading)

(more…)

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August 29, 2010 at 1:28 pm Leave a comment

Growing out of recession: states matter.

From the executive summary of “Enterprising States” published by the National Chamber Foundation and U.S. Chamber of Commerce.

The message of Enterprising States is that the 50 “little Republics” matter. State policies matter. Governors, state legislators, and local officials matter. Although the Federal government has been driving stabilization policy during the recent recession, it is the states [and territories] that will lead a crucial new growth strategy in the next decade.

The nation needs an economic revival sufficiently robust to create 20 million jobs over the next decade—restoring the 7 million jobs lost to the current recession, and creating the 13 million new jobs that our growing nation will need in the next 10 years. And while the Federal government will affect the situation on the ground in broad strokes and from a distance, Governors and state and local government will drive the types of new, experimental, flexible job- growth strategies that can match the speed of the global economy and achieve this growth imperative. (more…)

August 21, 2010 at 8:08 am Leave a comment

Fortune favors the bold.

by Thomas G. McInerney | adviser and investor in early stage internet companies

Ray Kurzweil maps out an optimistic view of the future with a tremendous amount of data supporting his main thesis — that the rate of innovation is increasing on a geometric scale. This means that innovation is happening faster every day. So yes, there are macro-level concerns about the economy, but there is also a staggering amount of data that supports the case for being an optimist. The data supports the fact that we’ll see more innovation in the next ten years than we’ve seen in the last one hundred years.

If you are an investor or entrepreneur, this is the best time in history to make a fortune and create a better world. There are more opportunities now than there have ever been. Information and data are being democratized in a way that present opportunities for anyone with a computer and an internet connection. Markets are global. You can reach the world with your blog. You can influence politics, voice your opinion. You can even email people like Steve Jobs directly.

There is no time in history like now. So if you’ve run out of ideas, buy gold. But I argue this is the best time to find innovators and invest in the future. Fortune favors the bold.

Source: Why Gold May Be a Bad Investment aka The Case for Being Optimistic

July 26, 2010 at 9:51 am Leave a comment

What motivates employees to work hard?

The easy answer used to be “money”. Is it still? I invite you to take a look at an April 15th report by Paul Solman on PBS Newshour. If it’s true that today’s employees are looking for something different, how can you incorporate their wants and needs into your strategic plan?

What Drives Motivation in the Modern Workplace? | PBS Newshour

June 29, 2010 at 12:14 pm Leave a comment

Does teamwork stifle innovation?

from “How Group Dynamics May Be Killing Innovation” Knowledge@Wharton

To come up with the next iPad, Amazon or Facebook, the last thing potential innovators need is a group brainstorm session. What the pacesetters of the future really require, according to new Wharton research, is some time alone.

In a paper titled, “Idea Generation and the Quality of the Best Idea (PDF),” Wharton operations and information management professors Christian Terwiesch and Karl Ulrich argue that group dynamics are the enemy of businesses trying to develop one-of-a-kind new products, unique ways to save money or distinctive marketing strategies.

Terwiesch, Ulrich and co-author Karan Girotra, a professor of technology and operations management at INSEAD, found that a hybrid process — in which people are given time to brainstorm on their own before discussing ideas with their peers — resulted in more and better quality ideas than a purely team-oriented process. More importantly for companies striving for innovation, however, the trio says the absolute best idea in a hybrid process topped the Number One suggestion in a traditional model.

Continue reading on Knowledge@Wharton.

May 13, 2010 at 6:44 pm Leave a comment

The marketer’s brave new world.

from the McKinsey Quarterly newsletter.

Marketers used to talk about consumer sovereignty, but in the past their job was actually to create messages for an audience that received them more or less passively; the most active element was the decision to notice or ignore an ad. Now, digital technology helps consumers investigate products, comment on them among themselves, find alternatives, and compare prices—a decision process that requires companies to think differently about how they influence consumer behavior. “A new way to measure word-of-mouth marketing” (with accompanying podcast) and “Four ways to get more value from digital marketing” help guide you through the marketer’s brave new world.

May 5, 2010 at 1:18 pm Leave a comment

Firms focus on cuts, not new products.

Few companies that expect profits to decline this year seem to be planning to remedy the situation by introducing new products or services, according to a McKinsey executive survey. Those weakened companies appear to be focusing more on cutting operating costs. The good news is that most executives see a brighter year ahead: Some 74% of the respondents say they expect their companies’ profits to rise over the next 12 months, up from 46% in December 2009.

from Harvard Business Review | Daily Stat | March 29, 2010

What weakening companies are doing.

This may be what a majority of companies are doing, but have they made the right decision? My sense is no. A death of a thousand cuts is eventually fatal. I encourage you to look at your options and make the right choice. New products and new messages to existing customers and new prospects maybe the only way to keep them buying. — KS

March 30, 2010 at 6:18 pm Leave a comment

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