Practical advice directly from my work top performers and innovative companies.
Innovation has been the driving force of our economy since WWII. Executives in every boardroom have heard the requirement to be “more innovative”. Many organizations have even put the word “innovation” on their wall, hoping the physical representation of the word will motivate employees in the right direction. It is true that innovation is how …
Making decisions rapidly is the biggest factor that organizations can improve. A study by McKinsey discovered that only 48% of participants believed their organizations make decisions quickly. Think of the time wasted by not deciding! Slow decisions are a serious detriment in a world that changes quickly. Ideas can become popular in weeks or months …
I once worked with a CEO who loved to micromanage. He was incredibly sharp and could often arrive at the right answer faster than anyone else. His micromanagement was simply a way of moving things along faster. He told me he did it because “it helped move things along and no one wants to be …
Last month I wrote a short article on how organizations can gauge if they are actually doing innovative work or simply talking about it. The article has been generating some great discussions on Linkedin and other platforms. Innovation is one of those ideas that doesn’t need a pitch deck. It is obvious. That doesn’t mean …
After four tumultuous years, Bed, Bath and Beyond (BBB) has filed for bankruptcy. They have run out of cash to operate and bankruptcy court will give them freedom to explore a sale or a restructuring. I have written previously about the strategic mistakes made by BBB. They went against what their customers wanted, focused too …
I had a rough week. I have been trying to get my sleep schedule back on track and tried to impose a clear bedtime and wake up schedule. I got up at the time I wanted but I was exhausted. By the fourth day, I felt cranky, annoyed and even mildly depressed. My entire worldview …