A diamond may be forever, as De Beers’ famous advertising slogan contends, but is the same true of a business model? That was the question facing Gareth Penny, managing director of De Beers, in the late 19’90s, when the famed diamond cartel found itself beset by a series of events that ultimately forced it to [...]
Any time two large manufacturers merge, one of the many areas that has to be looked at is the supply chain. On one hand, the merger represents an opportunity to address inefficiencies in the system. Yet when this aspect of the business has been left unexamined and unchanged for a long time, the reworking of [...]
What’s it like to have America’s greatest investor as your shareholder?
Who wouldn’t love to pick up the phone and ask Warren Buffett for advice? People have spent more than $1 million just to have lunch with the man. He was voted the most admired corporate director in America by Directorship magazine in 2008. Chief executives [...]
Dale Breckenridge Carnegie (November 24, 1888 – November 1, 1955) was an American writer and lecturer and the developer of famous courses in self-improvement, salesmanship, corporate training, public speaking and interpersonal skills. Read more….
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Consumers are facing drastic changes in their behavior, markets are facing drastic changes in their functioning, companies are facing drastic changes in their environment…What about Marketing? Is marketing changing at the pace that the current situation demands? The answer is…
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Michael Porter is perhaps the management ‘guru’ most listened to and respected by corporate boards and executives worldwide. But his keynote speech on the role of corporate philanthropy at The European Academy of Business in Society’s 2nd Colloquium at Copenhagen Business School in September 2003 provoked strong reactions from an audience of mainly European academics [...]
C. K. Prahalad is the author of a number of well known works in corporate strategy including The Core Competence of the Corporation (Harvard Business Review, May-June, 1990). He has authored several international bestsellers, including: “Competing for the Future”(with Gary Hamel), 1994, “The Future of Competition,” (with Venkat Ramaswamy), 2004 and “The Fortune at the [...]
Peter Ferdinand Drucker (November 19, 1909 – November 11, 2005) was a writer, management consultant, and self-described “social ecologist.” His books and scholarly and popular articles explored how humans are organized across the business, government and the nonprofit sectors of society. His writings have predicted many of the major developments of the late twentieth century, [...]
The first step of making strategy real is figuring out the big aha to gain sustainable competitive advantage–in other words, a significant, meaningful insight about how to win. To do that, you need to debate, grapple with, wallow in, and finally answer five sets of questions. Read more…
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Suppose that you have some responsibilities – a safe assumption no matter who you are or what you do. Now imagine that when you try to do your job (deliver on your responsibilities) you realize that certain actions, which are absolutely necessary, are not under your authority. You are not allowed to do them without [...]