Fear of disruption can lead to panicked responses that do not prevent disruption and can easily cause harm. Thus, companies must be especially careful with thinking they must disrupt themselves before someone else does. Consequently, too much encouragement to self-disrupt can Continue reading “Is It Really Self-Disruption, or Is It Just Excellent Strategic Choices?” »
In today’s era of rapid change, we often hear that companies should disrupt before they are disrupted. This can leave companies excessively oriented toward innovation, when instead they should be putting emphasis upon on their strengths. Throwing away your strengths and excessively innovating for the future is a mistake. You need to harness your strengths and be Continue reading “Don’t Panic Still Needs to Be Said about Disruption” »
Bricks and mortar locations continue to play a role in today’s online oriented world. Even online powerhouses like Amazon are recognizing the need for physical sites and now have bricks and mortar locations. This ties in with what Continue reading “Bricks and Mortar Branch Banks Have Benefits in Today’s Online World” »
Businesses succeed by building on strengths. Those of you who read my material regularly know that I’ve said that many times before. Furthermore, monumental failures are not uncommon when businesses venture far from their strengths, especially in tough times when there is pressure to change and turn things around. Nonetheless, it’s important to remember that a strength in one circumstance can easily be a weakness under Continue reading “It Can Be a Strength, but It Can Also Be a Weakness” »
The evidence keeps accumulating.
Last month the Wall Street Journal reported on additional research confirming the disadvantages of boards with too many independent directors.
This is not surprising. Although directors oversee and don’t manage, a board can do its job more effectively if it has a better grasp of what could work well for the company. Independent directors may have Continue reading “More Evidence for Directors with the Right Background” »