Tag Archives for " 5 Star Business Network "

How To Get The Biggest Bang For Your Technology Buck

There were only 24 hours left. Tomorrow the board would pull the plug on the project which had continued for well over 3 years. The total costs as per internal calculations had run into hundreds of millions of dollars. External consultants reckoned that when you included the costs of internal resources seconded to the project from […]

How You Define Success Determines Your Results

“What is success? How do you define it in your current role?” It was a simple question. I asked this question of the room in general. I expected multiple replies from the all the executives in the room. Then, I realised that none would be forthcoming. A number of cultural factors were at play. The […]

What is Common Between Enron and Bitcoin?

I was at a Melbourne Cup luncheon yesterday, and someone asked me why I do not write about Bitcoin. On my mobile, I showed them a paragraph from my book THE 5-STAR BUSINESS NETWORK written in 2013, where I talk about the emerging Digital Currency Networks. But the truth is that given the attention Bitcoin […]

Information age thinking needs information rich leadership

Boards always ask the hardest questions. That is why these gentlemen (and ladies) get to be on the boards. They know just the right questions to ask at the right moment. Towards the end of this blog I will relate my recent experience with one such question.  They may not know the answer, but they […]

Why Almost Everybody is Missing the Most Important Point in Their Solution to Amazon’s Threat to Australian Retailers

AMAZON'S THREAT TO AUSTRALIAN RETAILERS

HOW BIG AMAZON’S THREAT TO AUSTRALIAN RETAILERS? Yesterday (on 2nd November 2017) I happened to briefly glance at the Australian Financial Review – the key finance newspaper in this country while I was waiting in the lobby for a meeting. Almost the entire paper was devoted to just one single topic – AMAZON’S THREAT TO […]

The Newest Way to Make Your Business Network Great

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In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood mentions the concept of synchronicity, and focus on Carl Jung’s perception of it. The concept of synchronicity has a specific definition in Carl Jung’s mind. For him, it is a causal connection of two or more psycho-physic phenomena. He started to use this word in […]

Asian Banker Summit 2015 – Connecting Finance with Supply Chains

supply chain management

On 14 – 16 April 2015 in Hong Kong Convention and Exhibition Centre, Hong Kong, nearly 2000 top bankers and other professionals from all over the world are going to congregate to discuss the future of finance in business and society. I am speaking in two panels –  the opening leadership dialogue around 9.30 or […]

Understanding and Using Resistance – in Business Transformations Using SCM 3.0

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19 years ago, when studying for MBA, our Professor in Change Management, Dexter Dunphy told us that Change Management is nothing but management of downside. I understood that his point was every change has a downside – and as a change manager, the most important job you have to do is to understand the downside […]

Why Every Start-up Always Has a Supply Chain Problem?

There is a common assumption that every company’s supply chain should be similar, if not the same. Even learned professors at august institutions write highly prescriptive articles in highly regarded magazines such as Harvard Business Review saying these things. For example see this article by a Stanford professor, on which I had a running correspondence […]

Fire-Aim-Ready Innovation (FAR) – For Efficient Product Development

supply chain management

This article is an extract from The Five Star Business Network, written by Vivek Sood   “It’s really hard to design products by focus groups. A lot of times, people don’t know what they want until you show it to them.”  Steve Jobs (1955 – 2011), Business Week, May 25 1998 “In most people’s vocabularies, […]

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