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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Sharpen your Competitive Edge by Eliminating Non-Value-Added Activities in your Organization. Recession or boom, companies need to sharpen their competitive edge by applying Lean Management principles to cost reduction – that is, the elimination of… Dump the Waste!
The question I am asked most often by business owners and students is “how can Lean Six Sigma improve business?” My answer is very simple and always the same–find the constraints… find the money. What… Find the Constraint… Find the Money
So now to tackle another much debated change subject–that so-called 70% failure rate. How many times have we seen LinkedIn posts and discussions talking about this subject? As many as Change Management Methodologies, Project Management vs Change… 70% of Change Management Initiatives Fail–REALLY?
Are you currently a licensee (manufacturer) or licensor (brand owner) or contemplating entering alicensing arrangement? If so, you may have been weighing the business impact and exposure inherent in the definitions, requirements and terms stipulated in the licensing contract. If… Business Pitfalls to Avoid before Signing a Licensing Agreement
Just as a “starter for 10,” when you type in “Change Management” as a search string into Google, you get in excess of 2 million hits. I have published many of my previous articles, because… Is the Term Change Management Still Relevant?
We outlined in an earlier article post the importance of EVERY competing business having a Strategic Plan to establish its Purpose, Goals, Strategy, Action Plans, and Plan Implementation procedure. Here, we would like to point out… Oversights to Avoid In Strategic Plan Implementation
Perfection is not attainable, but if we chase perfection we can catch excellence. – Vince Lombardi In “The Discipline of Market Leaders – Choose your Customers, Narrow your Focus, Dominate your Market,” Michael Treacy and… What Is Operational Excellence?
Change is the only constant. – Heraclictus, Greek Philosopher Change is the only constant in the work environment Whether you are shifting office to another location, adopting a new practice or process, implementing an IT system, or… Make Change That Lasts
Another much written about and discussed subject is change resistance, so here is my take on the subject. Let me start by saying that life is all about change. From a personal perspective, we change… Change Resistance: “Change? No, Not in My Backyard!”
Jack Trout in his blog published on BrandingStrategyInsider.com “Licensing: Trouble for Brands” dated February 25, 2008 makes a compelling argument for why not to consider licensing as a method of brand extension. Furthermore, he backs it up… Don’t Blame Brand Licensing
First of all, let’s start with the word “professional.” Well, I tried searching Google and found this one in Business Dictionary: Person formally certified by a professional body of belonging to a specific profession by virtue… The Personality Side of Being a Change Management Professional
It is not the strongest or the most intelligent who will survive, but those who can best manage change. – Charles Darwin During my several decades of consulting with clients in a multitude of markets,… Organizations Need a “Competitive” Strategic Plan in Today’s Digital Economy