Five Strategies to Challenge Negative Thoughts Five Strategies to Challenge Negative Thoughts

Stop for a moment and think about this: What do you actually think about yourself?

There’s the shiny, confident exterior you show the world, but at the end of the day, when you’re alone with your thoughts, what do they say to you?

Executive coach and Stanford MBA Shirzad Chamine asked more than 100 CEOs at a seminar this question, which they answered anonymously on flashcards. During a recent talk at Stanford Engineering’s eCorner, he read some of the answers aloud...Read more

Protecting the Business from Generational Friction Protecting the Business from Generational Friction

Forty years ago, at the start of the great reforms in China that led to more openness and entrepreneurship, founders would have expected their children to start working on the shop floor and in the office from a very early age. But since the introduction of its one-child policy in 1979, there are far fewer children in business families today. Even though the government has phased out the one-child policy, introducing a two-child policy in 2015, many Chinese owner-managers may have only one child to succeed them in a family business. As a result, the second generation’s role is far more critical than to founders outside of China...Read more

Seven Indian companies among world's top 200 green energy firms Seven Indian companies among world's top 200 green energy firms

Seven Indian companies have made it to the latest Clean200 list, featuring the world’s largest publicly traded companies making significant revenue from clean energy.

The Carbon Clean200 report, compiled by non-profit organisation As You Sow and Corporate Knights, was topped by Munich-headquartered Siemens AG, while Greater China had the most representation on the list with 68 companies in the top 200...Read more

Manage compassionately, and prepare for the next worker revolution Manage compassionately, and prepare for the next worker revolution

When Jeff Weiner discussed taking the job as LinkedIn’s CEO in 2008, he asked founder Reid Hoffman what decisions each of them would be making. Recounting that conversation to a group of Stanford business students recently, Weiner recalled that Hoffman said: “This is easy. It’s your ball. You run with it.”

So he did. Under Weiner’s leadership, LinkedIn has grown from 338 employees to over 10,000 and revenue increased from $78 million to over $3 billion. LinkedIn was acquired by Microsoft in 2016 for $26 billion...Read more

Today’s Leaders Require a New Sense of Self Today’s Leaders Require a New Sense of Self

Interesting times make for ironic reversals. As Western universities draw mounting criticism for apparently behaving like businesses, companies are increasingly modelling themselves after institutions of higher learning. Chief Learning Officers, corporate universities and digital learning platforms are part of the larger trend towards formalisation of an educational mission that used to be implicit.

On one hand, there’s nothing strange about this. In today’s world, both universities and corporations are subject to the same unsparing market logic, competing fiercely for the best talent (top students in the case of U.S. colleges...Read more

Be Courageous Because You Will Fail Be Courageous Because You Will Fail

This core value was the center of her team’s project for Stanford Graduate School of Business’s Design for Extreme Affordability class in 2007. Chen and her team designed an inexpensive incubator that offered a low-cost way to keep premature babies warm. Their inspiration came from the concept of a tiny sleeping bag that heats up to regulate a baby’s body temperature. Embrace Innovations, born out of the Center for Social Innovation, has saved more than 200,000 premature babies and hopes to increase that number to 1 million...Read more

How to Make Leadership Buy into Change How to Make Leadership Buy into Change

In today’s fast-moving business environment change is considered as the survival tool for existence. The success of an enterprise is dependent on its leadership and management’s ability to adopt change and transition. Mostly efforts to introduce a change in an organisation fail because initiatives don’t get enough buy-in from the employees.

Small Changes Making Huge Impact

For legacy businesses or relatively old organizations, the biggest challenge today is to stay relevant and for which the leadership needs to bring in changes in few key areas – technology, people, solutions that they are taking to the customer...Read more

GST is a systematised accretion of India's rise in global trade GST is a systematised accretion of India's rise in global trade

At the stroke of the midnight hour on June 30-July 1, India entered into its new GST (Goods and Services Tax) regime. Prime Minister Modi hailed it as ‘Good and Simple Tax’.

Much has been said, written, talked, discussed, debated and projected about GST since even before it was rolled out. To cut to the chase, however, among the many envisaged benefits of GST, those particularly for trade, industry and economy...Read more

How Artificial Intelligence Will Change Decision-Making For BusinessesHow Artificial Intelligence Will Change Decision-Making For Businesses

From The Terminator to Blade Runner, pop culture has always leaned towards a chilling depiction of artificial intelligence (AI) and our future with AI at the helm. Recent headlines about Facebook panicking because their AI bots developed a language of their own have us hitting the alarm button once again. Should we really feel unsettled with an AI future?

News flash: that future is here. If you ask Siri, the helpful assistant who magically lives inside your phone, to read text messages and emails to you, find the nearest pizza place or call your mother for you, then you’ve made AI a part of your everyday life...Read more

10 top business transformation insights 10 top-business transformation insights

Your business model is about to be disrupted. Right now, companies in every sector are discovering digital solutions to traditional problems. Thanks to new technologies, these fresh-faced competitors will be able to adapt in real time, altering their products and services to meet market demands, even as trends change. In short, the competition is going to find ways to do more, faster, and with less. To survive in this real-time business landscape, you’re going to have to find your own ways of transforming the way you do business...Read more

Basic Competence Can Be a Strategy

Raffaella Sadun, a professor at Harvard Business School, explains why seemingly common-sensical management practices are so hard to implement. After surveying thousands of organizations across the world, she found that only 6% of firms qualified as highly well-managed — and that managers mistakenly assumed they were all above average. She is a co-author of “Why Do We Undervalue Competent Management?” in the September–October 2017 issue of Harvard Business Review...Read more

Every Leader Has to Start Somewhere!

Every leader has to start somewhere. This is just the fact of the matter.

And, another fact? Not every leader, even some of the greatest leaders of our time, start off with flying colors...Read more

Never Quit: Strategies on Perseverance From 6 Seasoned EntrepreneursNever Quit: Strategies on Perseverance From 6 Seasoned Entrepreneurs

When starting out in business, it can be difficult to generate self-belief if you've never done it before. "Maybe this isn't for me," you think after the 10th hot lead says, "I'll pass."

These seasoned entrepreneurs and members of The Oracles share their strategies to program your mind for relentless persistence...Read more

3 Innovative Companies With Agile Leadership3 Innovative Companies With Agile Leadership

We don’t have to look far to find examples of innovation, whether it’s in the technology sector, consumer goods or manufacturing.

Apple, Amazon, Tesla, Southwest Airlines, General Electric, Pfizer, Nike and others make the short list of the most innovative companies year after year. While pioneering a unique product or service is certainly part of the equation, what allows these companies to sustain that success over time really comes down to flexible agile leadership...Read more

Trends That Will Disrupt Your Workplace Forever

Gallup Highlights:

  • Many millennials don't stay with their company for the long term
  • The AI revolution is here, and leaders are unprepared for it
  • Amid many changes, workplace planning and forecasting are increasingly vital

The "future of work" has become a much-hyped topic as change permeates the U.S. workplace...Read more

Emerging technologies in digital banking in IndiaEmerging technologies in digital banking in India

The world has entered what some regard as an era of 'Digital Darwinism', a time where technology and society are evolving faster than many organisations can adapt to the changes. The emergence of the digital five forces - Social, Mobile, Analytics, Cloud and Internet of Things (IoT) - is creating new and valuable sources of business information, ways to interpret data and the means to do so cost-effectively. The value of digital in India is huge; as per a study by the World Economic Forum just four digital initiatives could unlock US$ 1.2 trillion of value for the Indian industry and society over the next decade, representing about 40percent of national GDP in 2015...Read more

Lead, Transform, Operate: A 3-Step Imperative for the Modern CFOLead, Transform, Operate: A 3-Step Imperative for the Modern CFO

CFOs today face several ever-evolving challenges. Digital disruption continues to change the way business gets done everywhere from self-driving cars to closing the books. Additionally, businesses embracing hybrid business models that are bridging the internet-brick and mortar gap need to experiment and innovate without spending significant amounts of capital and resources. Meanwhile, globalisation demands that companies comply with local laws and accounting requirements while simultaneously managing operations in each country. And, as if all of this is not enough, regulatory burdens continue to grow and the CFO still needs to hit the quarterly numbers...Read more

How Leaders Can Let Go Without Losing Control How Leaders Can Let Go Without Losing Control

Massive flocks of starlings, known as murmurations, exhibit a rare combination of speed and scale. The birds coordinate themselves with remarkable agility to find food and avoid attacks. Schools of fish do the same.

What’s noteworthy in these murmurations is the lack of a leader. Instead, each bird follows three simple rules: (1) move to the center, (2) follow your neighbor, and (3) don’t collide. The rules enable each bird to act independently while ensuring the group acts cohesively.

Every organization today wants to achieve both alignment and autonomy. Can what works for birds and fish also work for people? The answer comes from a surprising place: the battlefield...Read more

Why You Don’t Understand Disruption Why You Don’t Understand Disruption

Ever been to the “Disrupt” conference? Self-proclaimed “disruptors” gather to reach consensus about what are the non-consensus ideas out there.

Bigwigs having a conference on disruption is like the Czar creating a bureau on revolutionary thinking. Really want to see disruption? Don’t go to a conference. Go to where people are breaking the rules.

If you just smiled, then you are probably from a small startup (or wish you were), and you know that disruptions come from startups that break the rules of the game...Read more

The 5 Personality Traits All Entrepreneurs Must Have The 5 Personality Traits All Entrepreneurs Must Have

Success isn’t defined by how well you did in school or how many degrees you have. It isn’t based on where you grew up or who your parents are. It comes down to your personality, your mindset and your outlook on life.

Contrary to popular belief, you don’t have to be a type-A person to be a successful entrepreneur. In fact, it’s probably better if you aren’t. Entrepreneurs tend to be more “street smart” than “book smart.”

According to a recent study by CPP Inc., the top two personality traits entrepreneurs possess are perception and intuition. This is because success doesn’t come to those who are smartest. Success comes to those who see opportunities and take them...Read more

The 3 Reports Every Manager Should Use To Identify High-Performers

The three reports that every manager should use are part of a reporting system first described on our book, One Page Management. They’re ideal for tracking alignment in an organization. Let’s take a closer look at what those three reports can do for you and your teams.

The Focus ReportThe Focus Report shows an employee’s performance as it relates to the actual status of each of the process indicators assigned to them. The “status” of those indicators is the number that shows the result of the indicator in the previous reporting period. For example, suppose the indicator in a scorecard is “percent of customer returns” and the percentage of returns in the month of April was 3 percent...Read more

Leaders Who Make Good Decisions Do These 6 Things Constantly Leaders Who Make Good Decisions Do These 6 Things Constantly

The ongoing workplace difficulties at Uber -- accusations of discrimination against women, rebellion among its employees and drivers against what they feel is a complete lack of appreciation for them -- seem to surprise no one who worked there. Every story I read indicates that these issues (and others) had been issues for a long time at the company. Uber’s workforce had long been frustrated with their leaders and their inability or refusal to have their backs and listen to their concerns. But, when business is good and managing growth is the only objective, who cares if the culture is failing? Things are good now! What’s the point of making bigger, long-term decisions to keep employees motivated and their teams inspired? Those that complain can leave -- and easily be replaced.

This is exactly why Uber is looking for new leaders from the top down: It knows so many of its so-called leaders were not ready for leadership responsibilities and increased levels of accountability required in today’s workplaces...Read more

CEOs must be able to manage ecosystemCEOs must be able to manage ecosystem

Managing relations with founders and key stakeholders has emerged as a vital lesson for CEOs from the InfosysBSE -3.09 % saga. Industry leaders and HR experts said transformation of an enterprise such as Infosys, which is steeped in legacy, especially with an outsider CEO, was not possible without a clear alignment with the company's founders. At the same time, experts said promoters, too, need to change their outlook and not confuse the values of an organisation with personal lifestyles.

"To me, this is an organisation culture crisis," said Harsh Goenka, chairman of RPG Enterprises. "Mr Narayana Murthy, by far one of India Inc's most respected leaders, is known to lead a frugal life...Read more

60 Countries’ Digital Competitiveness, Indexed60 Countries’ Digital Competitiveness, Indexed

It is barely 20 years since Sergey Brin and Larry Page registered the domain name google.com, and only 10 years since Steve Jobs walked onto a stage in San Francisco and introduced the iPhone. Yet in this short period, digital technologies have upended our world. We introduced the Digital Evolution Index in HBR in 2015 to trace the emergence of a “digital planet,” how physical interactions — in communications, social and political exchange, commerce, media and entertainment — are being displaced by digitally mediated ones. We identified many hotspots around the world where these changes are happening rapidly and other spots where momentum has slowed. Two years on, depending on where we live, we continue to move at different speeds toward the digital planet...Read more

Marginal Innovations Are More Disruptive Than You Think

I’m a fan of Harvard Business School professor and best-selling author Clayton Christensen. Christensen’s research focuses on what he terms “disruptive innovation,” or those innovations that target non-consumption with products that are inferior but “good enough” for consumers who previously had nothing at all.

Christensen’s model shows how these inferior products are improved to take market share away from competitors whose products are much more expensive (and profitable), until a line is crossed where suddenly the product that was merely good enough for those who were previously non-consumers is good enough for everyone...Read more

A 10-point framework for the digital journeyA 10-point framework for the digital journey

In the near future, it may be difficult to imagine a company not involved in some way in digitisation. While Uber, Amazon and Netflix grab headlines for their growth in the platform economy, traditional companies are also digitising. UPS uses smart routing devices to trim millions of miles on their delivery routes. Caterpillar now equips its tractors and diggers with internet-enabled sensors that provide data to customers and itself for smarter maintenance and performance.

The new evolving ecosystem of mobile computing, interactivity and data gathering presents an opportunity to craft new value propositions. This is just as well since the era of “easy” global growth becomes less likely to continue. While population increase and mass consumer markets gave traditional businesses opportunities to grow in the 20th century, the wave of the future is more likely to centre on creative recombinations of technology and people, something digitisation encapsulates...Read more

Digital revolution in the Indian banking sectorDigital revolution in the Indian banking sector

Where it all began...

The need for computerization was felt in the Indian banking sector in late 1980s, in order to improve the customer service, book-keeping and MIS reporting. In 1988, Reserve Bank of India set up a Committee on computerization in banks headed by Dr. C. Rangarajan.

Banks began using Information Technology initially with the introduction of standalone PCs and migrated to Local Area Network (LAN) connectivity. With further advancement, banks adopted the Core Banking platform. Thus branch banking changed to bank banking. Core Banking Solution (CBS) enabled banks to increase the comfort feature to the customers as a promising step towards enhancing customer convenience through Anywhere and Anytime Banking...Read more

Why We Prefer Dominant Leaders in Uncertain TimesWhy We Prefer Dominant Leaders in Uncertain Times

We are witnessing a worldwide surge in a certain type of leader claiming the highest offices of power — leaders who are confident, controlling, and strongly hierarchical. Indian voters elected the dominant Narendra Modi into power in 2014, Britain’s Nigel Farage saw his sharply argued views endorsed during the 2016 Brexit campaign, Donald Trump was elected president of the U.S. in 2016 after repeatedly promising to be “strong,” and autocratic Turkish president Recep Tayyip Erdogan was reelected this year. The question is: Why are voters choosing this type of leader now? Our research (recently published in the Proceedings of the National Academy of Sciences) attempts to answer this by focusing on when and why such leaders ascend to leadership roles...Read more

Entrepreneurs seek continuity, ease of doing businessEntrepreneurs seek continuity, ease of doing business

Entrepreneurs and startup founders pitched for continuity and predictability of pricing as well as ease of doing business, saying these were essential for growth and job creation.

More than 212 entrepreneurs and startup founders from the financial, education and health sectors brainstormed on Wednesday, to chart out a plan for New India, which will be presented to Prime Minister Narendra Modi on Thursday. These were among the key issues pressed by them, according to a Niti Aayog tweet.

The Prime Minister also joined the gathering for an informal interaction over dinner...Read more

The Portable Leader Is the New “Organization Man”The Portable Leader Is the New “Organization Man”

I met Tanya years ago, at a global corporation where she led a business unit and enjoyed a reputation as a formidable mentor. “The thing I always keep in mind,” she told me with obvious pride, explaining her approach to management as we walked through a bustling open office, “is that these people are the best talent in the business. They could be working elsewhere, if they so chose. And I am sure that many will, eventually.”

I knew that to be true. Competitors poached people in Tanya’s unit regularly. And yet there was no trace of cynicism in her tone. “Each of them is valuable and hard to replace,” she continued, “but I can’t preach them loyalty. They’d laugh at me. I can’t pay them more, either...Read more

3 strategies to survive in an ever-changing business environment3 strategies to survive in an ever-changing business environment

Former Intel Chief Executive Officer (CEO) Andy Grove famously said, “only the paranoid survive.” Clearly, in a disruptive environment, being paranoid isn’t enough: How does a business prepare itself for the possible threat of new incumbents? To address this question, I researched some prominent long-surviving firms and found a consistent theme: they all proactively changed their strategy over time to respond to the changing environment.

Traditional strategic planning seeks to pre-plan how the world will be in years to come—at a time when the reality is more akin to the Red Queen effect from Alice in Wonderland: running as fast as you can just to stay in the same place. Faced with dynamic environments, firms need to be nimble, innovative and entrepreneurial, just to survive...Read more

Demonetisation cut cash in economy by 20%Demonetisation cut cash in economy by 20%

Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.

“Cash has come down in the economy..there has been a 20 per cent reduction in cash relative to what might have been without demonetisation,” Subramanian said at a briefing following the release of Economic Survey 2016-17 - II, authored by him, which was tabled in Parliament earlier in the day...Read more

Good Leaders Are Good LearnersGood Leaders Are Good Learners

Although organizations spend more than $24 billion annually on leadership development, many leaders who have attended leadership programs struggle to implement what they’ve learned. It’s not because the programs are bad but because leadership is best learned from experience.

Still, simply being an experienced leader doesn’t elevate a person’s skills. Like most of us, leaders often go through their experiences somewhat mindlessly, accomplishing tasks but learning little about themselves and their impact...Read more

Young Social Entrepreneurs Who Are Making The World A Better PlaceYoung Social Entrepreneurs Who Are Making The World A Better Place

Today’s young entrepreneurs are renowned for their passion and commitment to changing things for the better through their businesses. And as socially responsible business leaders, their aim is to make an impact on some of the world’s biggest social challenges.

The most outstanding among them also get an opportunity to be recognized by the World Economic Forum and invited to join an exclusive global organization, Young Global Leaders (YGL), whose 800 members have access to a network of high profile people to help them further their endeavours to bring about change and operate as a force for good...Read more

Solar power will exceed thermal output by 2027Solar power will exceed thermal output by 2027

India’s renewable energy programme is proceeding at such a rapid pace that its contribution to total power generation will equal that of coal in 2026 and surpass it the following year, according to projections made in the second volume of the Economic Survey released on Friday.

At present, India’s installed power capacity is 327 GW of which thermal power from coal comprises 192.16 GW or 55% of the total, while renewable energy capacity is 57.26 MW or 18% of the total. India has set itself the goal of 175 GW of renewable power capacity by 2022 and 275 GW by 2027

But coal capacity is expected to increase by only 50 GW by 2022 and thereafter remain almost constant, as a result of which by 2027...Read more

What Is Strategy, Again?What Is Strategy, Again?

If you read what Peter Drucker had to say about competition back in the late ’50s and early ‘60s, he really only talked about one thing: competition on price. He was hardly alone — that was evidently how most economists thought about competition, too.

It was this received opinion Michael Porter was questioning when, in 1979, he mapped out four additional competitive forces in “How Competitive Forces Shape Strategy.” “Price competition can’t be all there is to it,” he explained to me, when during the course of updating that seminal piece in 2008, I asked him about the origins of the five forces framework...Read more

6 Triggers that Can Make or Break Your Success As a Leader

Join Marshall on Wednesday for his free webinar series for the Marshall Goldsmith 100 Coaches applicants: The seminar, focused on Triggers, is tomorrow August 9 at 9am EDT. Everyone is welcome to join! If you would like to apply to become one of Marshall’s Aspiring Coaches, please to go MarshallGoldsmith.com/application. We look forward to receiving your applications!

What if you could control your environment so it triggered your most desired behavior and steered you toward success?...Read more

Fourth industrial revolution to make India a natural resource champion sustainably Fourth industrial revolution to make India a natural resource champion sustainably

India recently joined other nations to re-emphasize the resolve to fight climate change at the G-20 summit. The efficient and responsible harnessing of natural resources with the support of sustainable infrastructure is what will make a difference for our nations to realize the clean energy vision. While stating that India will honor the climate deal in “letter and spirit”, our Prime Minister at the recently concluded summit highlighted the importance of developing nations having enough room to grow.

Digital technologies if deployed strategically can strike the much needed balance between green and growth, resource and infrastructure and profits and people...Read more

How New Managers Can Send the Right Leadership SignalsHow New Managers Can Send the Right Leadership Signals

One of the most exciting and — sometimes anxiety-producing transitions in a career — comes when you move from being an individual contributor to becoming a manager. At this juncture, what you think, what you say, and how you show up — in effect, your leadership presence — can have a direct impact on those you are now leading and managing for the first time. So, as a new manager, how do you build an authentic and connected leadership presence that has a positive impact on your team and colleagues?

Set a leadership values-based goal. An authentic and connected presence begins from the inside-out. How you define the role and what you value will “telegraph” out to those you work with...Read more

Incredible India: More than 400 new FPIs registered with Sebi in April-May Incredible India: More than 400 new FPIs registered with Sebi in April-May

More than 400 fresh foreign portfolio investors (FPIs) were registered with Sebi in April-May, indicating that India remains an attractive destination, showed latest data from the markets regulator.

This comes on top of close to 3,500 new foreign FPIs registering with Sebi last fiscal year to March.

According to Sebi data, the number of FPIs with the regulator’s approval rose to 8,214 at the end of May 2017, from 7,807 at the end of March, an addition of 407...Read more

Great Leaders Build Cohesive TeamsGreat Leaders Build Cohesive Teams

You may have a lot of exceptional talents in your company—but if those talents aren’t working harmoniously, you don’t truly have a team.

The good news is, there is much you can do to bring those talents together into something cohesive and effective. In fact, I’d argue that this is exactly what great leaders do.

So what steps can you take to build a more cohesive team? Let me make a few recommendations...Read more

Business Strategy: Drucker's ‘New Certainties’ and Why When All Else Fails, Think!

Peter F. Drucker, author, consultant and founder of modern management, wrote that the purpose of strategy is to enable an organization to achieve its desired results in an unpredictable environment. Contrary to what "everybody knows," strategy is not about achieving results in a known and foreseeable environment, but in an environment that is unknown and unforeseeable.

That’s why politicians, military leaders, as well as business executives frequently err as their well-laid out strategies and plans fall flat. The military especially is frequently criticized as wanting to fight the next war with the last war’s weapons, concepts, and strategy....Read more

It's hard to fix the family business without offending the familyIt's hard to fix the family business without offending the family

Navigating complex relationships and understanding unwritten processes are among the many challenges of transitioning a family-owned business to the next generation. Len Schlesinger, Michael Raiche, and Roger Zhu discuss the dilemmas of a small Vietnamese restaurant in the case study "Pho Hoa Dorchester."

Harvard Business School case studies are often set in large corporations, where the wide range of problems encountered by managers serve as lessons for MBA students. A recent case finds equally beneficial lessons in a much different setting: a small family-owned Vietnamese restaurant in Boston’s inner-city neighborhood of Dorchester...Read more

Bootstrapped entrepreneurs: On their own dime

In the entrepreneurial universe, receiving venture capital or PE investments is a milestone that is celebrated as funding brings with it external validation and sometimes sky-high valuations. But soon after the champagne corks have popped, the reality of equity dilution, or ceding control to investors, sinks in, which is why some founders prefer to grow their companies methodically on their own dime. This list includes ventures from shrimp exporters to oncology drug makers with one common thread—they are bootstrapped. These entrepreneurs have built these self-sustaining businesses on their own terms...Read more

Why Do Some Innovations Stick? Quite Simply, Because They’re BetterWhy Do Some Innovations Stick? Quite Simply, Because They’re Better

What distinguishes Google from WebCrawler or AltaVista? Why DVDs, but not Laserdiscs? Why do some innovations succeed while others flounder?

The answer is complicated. But one factor that’s been evident since academics began digging into the question is that successful new inventions draw inspiration from a range of disciplines. “Research indicates that the most impactful innovations combine technologies or ideas or knowledge that people don’t typically think of as working together,” says John-Paul Ferguson, an assistant professor of organizational behavior at Stanford Graduate School of Business. Among patents, for instance, those with broad technological foundations tend to be the most influential on subsequent patents...Read more

Change and Transformation—Know the DifferenceChange and Transformation—Know the Difference

Think back to when your family bought its first television set. If you’re a Baby Boomer, you may have had only a handful of channels from which to choose—not to mention the headache of adjusting the antenna, putting aluminum foil on the rabbit ears, and let’s not forget getting out of your chair to change the channel.

Then came cable and satellite television—more viewing choices and goodbye rabbit ears!

Fast forward to present day. Consumers are ditching cable and satellite for streaming services and other options with a greater range of choice and cost flexibility. Laptops, tablets and mobile devices of all types are supplanting the traditional family TV to display all that content. And, we’re not just watching, we’re frequently “bingeing.”...Read more

10 key leadership lessons10 key leadership lessons

Thunderbird alumni live and work in nearly every part of the globe, in thousands of enterprises large and small, and all of them are on the path to – or already in – positions of global leadership. Jeff Cunningham, Professor of Global Leadership at Thunderbird, and at the Walter Cronkite School of Journalism and Mass Communication at ASU, interviewed Jeff Immelt at GE headquarters where they discussed disruptive challenges facing global organizations and how vital it will be to have young, talented and diverse leaders to surmount them. Professor Cunningham was the former publisher of Forbes Magazine prior to his career as an internet CEO and venture capital partner. The interview is part of Professor Cunningham’s series, Iconic Voices (IV), with leaders that inspire. The interviews can be viewed on YouTube channel IV at www.IconicVoices.TV...Read more

7 Idea Evaluation Techniques7 Idea Evaluation Techniques

People gather ideas at organizations for a number of different purposes; they gather ideas for improving the workplace, improving products, finding new products, enhancing the customer experience and much more. But one of the questions that we encounter most often is “how do you evaluate and choose the ideas that best meet your goals?” In other words, “how do you know a great idea when you see one?”

Folding Burritos is a product development blog that has a really great comprehensive blog post about the types of ways to prioritize and make product decisions, but what we’ve found is that most of these evaluation methods can be applied to all sorts of ideas and decision making (not just to product feature decisions)...Read more

India’s job confidence outlook highest in Asia Pacific marketIndia’s job confidence outlook highest in Asia Pacific market

India’s job confidence outlook ranked highest in the Asia Pacific market, with 84% Indian professionals participants indicating that they foresee a good future economic scenario in the country.

A majority of Indian professionals (84 per cent) favourably viewed their job and economic situation in the next six months and assessed it as ‘good to excellent’, according to the Michael Page Job Applicant Confidence Index Q2 2017...Read more

Strategic Change Is All in the TimingStrategic Change Is All in the Timing

At the end of the 20th century, perhaps no American business leader was more admired—and emulated—than former General Electric CEO Jack Welch. He became legendary for almost single-handedly remaking the massive Boston-based conglomerate into a global leader. During his 20-year tenure, which ended in 2001, Welch presided over a 40-fold increase in share price and vaporised tens of thousands of jobs—earning him the nickname “Neutron Jack”.

Today, however, Welch’s formidable fingerprints are largely being wiped away by yet another round of restructuring, initiated by his successor Jeffrey Immelt. His legacy turned out not to be as lasting as previously thought...Read more

Supply chain optimisation using technology in manufacturingSupply chain optimisation using technology in manufacturing

Location is no longer an indicator of taste—whether in the food you eat, the clothes you wear or the furniture you buy. It is not outlandish to demand guacamole in Mysore, distressed jeans in Bikaner or an IKEA sofa in the heartland of Matheran.

This is at least partly because the processes that used to frame the production of a good—whether a pail of paint or a bottle of antiseptic lotion—are no longer limited by their proximity to material, the ready availability of freight-fit highways or the closeness of distribution centers. Increasingly beholden to customer’s changing tastes, they are instead moving continuously outward to include more functions that render the modern supply chain more global, complex and diverse and yet also more agile, efficient and productive...Read more

How to Get Up to Speed in Your New Leadership Role

...Read more

6 Digital Strategies, and Why Some Work Better than Others6 Digital Strategies, and Why Some Work Better than Others

Digital technology has been roiling markets and disrupting companies for more than two decades, but despite that lengthy history, incumbents are still struggling to enact and deliver on digital transformations.

The first challenge is disruption; digitization is enabling new, disruptive models that aggressively compete with legacy models, putting material pressure on incumbents’ revenue and profit growth. As incumbents fight back with their own digital strategies, our research shows that they often trigger a second wave of competition, closer to the notion of Schumpeterian imitation where incumbents start themselves to innovate, sometimes aggressively, against the threat of entrants slashing yet more revenue and profit growth. We estimate that on average, both waves of digital competition has taken out half of the annual revenue growth and one third of the growth in earnings from incumbents that have failed to respond to digital...Read more

Flipkart completes eBay India mergerFlipkart completes eBay India merger

E-commerce major Flipkart today said it has completed the merger with eBay India's operations.

With this, eBay.in will now be a Flipkart Group company. The deal was announced in April when the Flipkart group raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft.

In exchange of an equity stake in Flipkart, eBay had made a cash investment of USD 500 million and sold its eBay.in business to Flipkart.

The announcement comes a day after smaller rival Snapdeal said it was terminating all discussions of a potential merger. While Snapdeal did not name Flipkart, it had been widely reported that both were negotiating a merger for the last five months...Read more

What Is a Business ModelWhat Is a Business Model

In The New, New Thing, Michael Lewis refers to the phrase business model as “a term of art.” And like art itself, it’s one of those things many people feel they can recognize when they see it (especially a particularly clever or terrible one) but can’t quite define.

That’s less surprising than it seems because how people define the term really depends on how they’re using it.

Lewis, for example, offers up the simplest of definitions — “All it really meant was how you planned to make money” — to make a simple point about the dot.com bubble, obvious now, but fairly prescient when he was writing at its height, in the fall of 1999...Read more

Keeping Your Strategy Meetings Focused on the Long TermKeeping Your Strategy Meetings Focused on the Long Term

Mauricio is president of the European operation for a Fortune 500 manufacturing firm, and his firm has had its trials lately. The company recently took a hit on the stock market. One of its major suppliers is under an ethics investigation resulting in significant delays. And a very visible acquisition under Mauricio’s leadership is struggling.

Some of these issues demanded immediate attention, but they all could have been avoided or addressed before becoming crises if Mauricio, his peers, and their teams had started discussing them a year ago — when they were at a strategic level, rather than an operational one...Read more

The mindset shift required to transcend disruptionThe mindset shift required to transcend disruption

In order to unlearn the reactionary focus created by pushing and relearn the empowering mindset created by pulling, it is important to understand the patterns that are currently shaping our environment

Early in the 20th Century, Austrian-born economist Joseph Schumpeter coined the phrase ‘creative destruction’ to describe the disruptive process of ongoing technological and economic innovation within capitalism. In his day, theories of disruption were developed to describe the cycles of change that were a part of normal market forces. Little did Schumpeter know that the landscape of business in the early 21st-century would be dominated by ever-shorter intervals of volatile disruption that would radically redefine the very concept of ‘normal’...Read more

The Amazing Ways Companies Use Virtual Reality For Business SuccessThe Amazing Ways Companies Use Virtual Reality For Business Success

Virtual Reality hit the mainstream recently with the arrival of affordable, consumer-friendly headsets. Already businesses are keenly embracing the opportunities created by this amazing technology. That isn’t surprising, given the possibilities it creates for freeing our minds from the physical shackles of our body, and allowing us to “see” into places that only exist in the digital world.

In the digital world, the rules are different – objects can be conjured into being by simply describing them. Travel between destinations takes place in the blink of an eye. And any damage that you do can be undone with the press of a button... Read more