The right kind of innovation can fuel successful pivots. And, pivoting can seem increasingly necessary when companies struggle while pandemic restrictions severely curtail their business. Such tough times can unleash an urge to shift gears and to try to do Continue reading “Successful Pivoting with Innovation that Sticks to Strengths” »
As companies evolve with the times, they are often dealing with external changes, such as shifts in the market, emerging trends, or even unprecedented calamities like the recent pandemic. But, another common trigger for change is when an expansion strategy no longer works because the market has been saturated, and the company must do something entirely Continue reading “Successfully Straying from a Company’s Roots” »
It is interesting to look at how the pandemic affects various businesses, with some, like the travel related sector, hard hit, while others, such as consumer packaged goods, actually experienced some sales gains. Lessons can be learned from how these changes unfolded. Continue reading “Big Changes Happen, but May Not Last” »
Due to the corona virus pandemic, some industries have suffered severe downturns. Mandates may force businesses to operate quite definitely than they did before. And, pandemic generated consumer fear can also depress business.
In my previous writing, I encouraged businesses Continue reading “If and How to Deviate from Strengths during Tough Times” »
Despite the pervasiveness of the corona virus, the media does feature some stories that are not primarily driven by the pandemic. An example is a recent Wall Street Journal article about what went wrong with GE’s bold vision “to Continue reading “Avoid Delusions about Company Vision” »