Hunting for treasure takes on two key roles in the recent Fortune article about the success of retailer T.J. Maxx. One role of the treasure hunt is T.J. Maxx’s use of it to attract shoppers, and that role is obvious in the article. The other role is somewhat more subtle, and entails deeper implications for business success not overtly stated in the article.
The article “Is T.J. Maxx the Best Retailer in the Land?” was Continue reading “Can You Find the Treasure in your Business?” »
As I checked my email not long before writing this blog post, the subject line of an email marketing piece caught my eye. Soon, I decided that my blog post should tie in with that subject. It would be a good follow up to my previous post, which was about how failure is not necessary and is too idealized.
So, what was the Continue reading “The Never Ending Stream of Idealized Failure” »
An article in the most recent issue of Harvard Business Review has a title that asks an intriguing question. The question is related to what I’ve written before. So, principles from my prior writing warrant revisiting, repeating, and further explaining regarding the role of failure in eventual success.
The Harvard article is titled “Do You Really Have to Fail to Succeed?” Continue reading “Success Comes from Strengths and Capability–Prior Failure Is Not Required” »
Adaptive strategy is often viewed is a solution for dealing with today’s turbulent and uncertain business climate. Since everything appears to be changing so rapidly and the future seems unclear, the flexibility to quickly shift strategy has been heralded as a highly effective business practice.
But, this raises important questions. Are you truly making good use of adaptive strategy? Or, are you merely flip-flopping? Continue reading “Is It Adaptive Strategy or Is It Flip-Flopping?” »
When devising business strategies for dealing with disruption, one might expect a company’s strengths to be clearly distinguishable from its weaknesses. But, that is not always the case. In certain situations, the distinction between strengths and weaknesses can be blurred. To illustrate, let’s examine some background and an example. Continue reading “Are You Confusing Strengths with Weaknesses when Responding to Disruption?” »
