2022 Sep; Trust Me, I’m an Engineer
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‘Soft Stuff’ has EVERYTHING to do with Bottom Line
What separates an effective organization from an organization that just shifts from one management fad to another? Substance vs. Form. In a high-performance organization, one can never successfully sell the ‘soft stuff’, the latest management concepts, or the latest technology on their own merits. One has to make the connection to the financial bottom line. The…
Gearing up for a fight
According to the Economist, the business of propelling large passenger jets is at maximum thrust – so much so, that some reckon engine-makers’ revenues could total $1 trillion over the next 20 years. This is precisely why Pratt & Whitney is gearing up for a fight, in hoping a new high-tech engine will restore its former…
Rethinking Your Supply Chain in an Era of Protectionism
According to HBR, it’s high time for European and American companies to rethink their Supply Chain Strategies. For too long they have been concentrating on their manufacturing in East Asia to reduce costs by exploiting labor-arbitrage opportunities, but in the face of new political and economic uncertainties, they are urged to make their supply chains much more resilient….
Thinking twice about price
According to the Economist, businesses need to get better at charging more – especially in an age of austerity. When bosses promise to make their companies more profitable, they usually say they will do so by increasing sales or cutting costs. But a third road to profits is rarely mentioned: putting prices up. Because managers often…
Growth Needs to Come from the Entire Company
Although continuous and sustained growth is universally pursued by organizations, the goal itself remains elusive for some. Many companies say they aren’t fully confident their company will realize its growth targets, while others yet do succeed in growing annually. To name some of these, companies like Amazon, Apple, Danaher, Haier, IKEA, Natura, and Starbucks are presented as having…
Ransomware Attacks Are Spiking. Is Your Company Prepared?
Summary. Summary: These are unprecedented times in the world of cybersecurity, with ransomware attacks up 150% in 2020 and growing even faster in 2021. Most audit committees and senior management who have to make decisions around cyberattack say they never imagined they’d be in a discussion on whether and how much ransom to pay to…