Disrupting the Management Model and the Role of Distributed Decision Making

Cleaning out some boxes recently, I came across old photographs. It was not the photographs themselves from 1980 that caught my attention. It was the envelop they were in. For baby boomers like me, you’ll recall those ubiquitous yellow envelops. The memories of waiting patiently to get the film developed. Then hours spent filling albums. Continue reading

Ignoring the Role of Innovation: A Disturbing Trend?

There are many paths to grow a company’s revenue and earnings. That topic typically consumes the majority of management bandwidth. Organic market growth, geographic expansion and acquisitions are all viable strategies. But are you ignoring the role of innovation? Surprisingly, a recent survey suggests many are.  Continue reading

Rethinking Your Company’s Purpose Benefits the Bottom Line

PointThe traditional management model has existed for more than a hundred years and the basic tenants are still fundamental to how businesses are managed. Concepts such as hierarchy, standardization, specialization, goal alignment and the use of extrinsic rewards to motivate behavior are key components. Above all, efficiency and financial performance are emphasized. If you ask most CEO’s, presidents or owners of companies what’s the “purpose” of their business, they might look at you with a confused expression, and simply say “we are in business to make a profit”. But is that really true? Are there other reasons for a business to exist and by rethinking your company’s purpose, can you achieve stronger and more sustainable financial success?  Continue reading

Disrupting the Management Model

Long Term SuccessDo you expect your company to prosper for the next year, five years and well into the future? For any CEO or business owner, that question is always on your mind. So, how exactly are you going to adapt to your changing environment and re-invent your company multiple times to stay ahead of the competition? That question cuts to the core of your culture and how the business is managed. It’s the essence of your management model.  Continue reading