One of the common problems cited by the boards and senior management is that the consultants they hire do not understand their unique challenges. This applies even more to large cookie cutter approach based consulting houses with thousands of consultants where the guys who have the knowledge are too senior to focus on a couple of clients, and the guys who have the time have little knowledge, or experience.
Two stalwarts in the mobile phone industry in March 2000 were equally impacted by the same event – a lightning fire in the chip manufacturing plant of their common supplier, Philips, in New Mexico.
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 […]
Good solid supply chain thinkers are in high demand and low supply. I would know, I run this company called Global Supply Chain Group for the last 17 years. It appears that it was not too long ago (when we formed this company) – most business people were struggling to understand what is supply chain […]
If I have seen it once, I have seen it a hundred times. A new person is brought in with a clear mandate. The things are meant to change. Out with the old, and in with the new. The new person comes in with a great fanfare, and takes over. Then he/she starts taking […]
Boasting exponential growth since its inception in 2012, Jumia became the first e-commerce site to bring the coveted Play Station 4 to Nigeria. The company announced the offering after just two days of the release in the US. The Nigerian would-be Amazon is following the global giant’s footsteps in becoming a super networked business, although […]
Global shipping is a very cut-throat business where you can make a lot of money just by buying and selling ships at the right time. So ships in operation are sold quite regularly. When I was in shipping – there were two kind of buyers who visited the ships to inspect them prior to purchasing them. […]
I was reminded of this story because I was talking about it in a workshop on business transformation last week. I repeat it here because it will be relevant to many people fighting the hard corporate battle, many times without adequate backup. Here is the true incident without any build-up or embellishment. You have to allow […]
When I am doing difficult mathematical problems with my son, if he does not yet know the right answer (or the method to solve the problem), generally he will give several answers in the hope that at least one of them might click. I am trying to train him up to be a good thinker, […]
Imagine if you were a small sized furniture seller, and suddenly your suppliers refused to supply furniture to you because they allege that you are selling at too low a price. And, when you went to another manufacturer, they refused too. In fact, it turns out that all manufacturers have decided to boycott your business because […]