competitive advantage

Value Monopoly

Value Monopoly

We always hear the business press and academics talk about how unpredictable the future will be. How the rapid rate of change will affect all industries and businesses. However, the instability we are all experiencing right now is unprecedented for most of us. As I have written before, these times require all of us to rethink how we conduct business. Times like this requires us all to reevaluate how we conduct business and how to survive and prosper as things rapidly change. If you typically react to market changes, this is a great “kick-in-the-pants”moment to be proactive. Stay positive and realize the unlimited opportunities that now exist.

Developing New Ideas

Developing New Ideas

It is critical for small, medium, and large organizations to emphasize creative thinking in all areas of the business and at all levels. Successful creative thinking to develop new ideas to improve every aspect of the organization, will not happen by building cool work spaces, adding ping-pong tables or bean bag chairs, or fun team building exercises. Creative thinking happens when you train your entire team in the basics of how to develop new ideas, and ensure everyone understands how to avoid “killing ideas” and accepting and celebrating failure.