I was talking to the three senior executives of a fairly large business. They were very happy with the business situation. Their business was operating in a comfortable oligopoly, with comfortable competitive pressures. The business strategy was noted to be very sound. But, they lamented, that the comfortable position never translated into equivalent profits. Every […]
Let me tell a story. This is a very entertaining story, but that is not the reason I am telling it. It has even greater business value, especially for strategists, and senior executives. It shows how supply chain security irrevocably altered the fortunes of a company that was a global leader at one time in […]
Startling Statistics I came across a startling statistics which prompted a new line of thinking that I wanted to share – hence this article. Consider these statistics – over 70% of professionals would have worked as a consultant or will work as a consultant, at some point in their careers. In other words, if you […]
Freight costs reduction is almost always the last frontier in the cost reduction landscape. At the board level, most companies do not pay much attention to their external freight costs. These costs never get the attention they deserve because they are scattered all over the place, and generally out of sight. What if I told […]
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, design means veneer. It’s interior decorating. It’s the fabric of the curtains of the sofa. But […]
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.
This is a million dollar question for most companies – start-ups or conglomerates. A lot of time and money is wasted, either because the companies do not bother to ask this question in time, or try to answer it in the wrong way. Here is a story: