It’s been almost 10 years since John Kotter published his excellent and well-respected Harvard Business Review article detailing his hypothesis and rationale for why change efforts fail. In his work, Kotter states that 60%-90% of all change efforts fail and the reasons for this failure rate is a combination of factors including:
Read More >Robert Brodo
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Several years ago, at the suggestion of a client, I published a blog called A Business Acumen Thanksgiving 2014; Thankful or Worried? I received a lot of positive feedback so I thought it would be a great idea to take a look at 3 business acumen factors impacting businesses’ around the world Thanksgiving 2016. As a reminder, I look at the issue, what we should be thankful for and what we should be worried about.
So enjoy a safe and healthy Thanksgiving weekend in the US and don’t let your brain turn into a pile of sweet potatoes! Please feel free to comment or leave a message!
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In today’s volatile, uncertain, complex, and ambiguous business world where there are not enough hours in the day to even come close to accomplishing our goals and objectives, the question of how much time leaders should devote to talent development is a continuous challenge that is impacting short and long term business performance.
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“I’ve Never Felt More Incompetent…and LOVED it!”
At the conclusion of a recent High Potential Leader learning journey experienced by a group of future pharmaceutical industry leaders, participants were asked to pause and reflect on their key learnings and how their experience will have impact and future impact on their performance. This particular learning journey was an integration of Business Acumen skills development and Business Leadership skill development wrapped around a complex global pharmaceutical industry business simulation.
As we come to the end of 2016 and start the business planning process for 2017 and beyond, business leaders around the world are going through a multitude of a strategic planning meetings where they are assessing where there are now, where are they going, and how they are they going to get there. Reviewing learnings from other successful and not-so-successful organizations should be part of every business planning review process. There are many organizations feeling strong and secure in their market positions and this blog is written for you with a warning; don’t get too secure! For organizations that currently maintain strong market positions, there are very good business lessons to be learned from the fall of Nokia’s smartphone marketplace dominance. As the graphic below illustrates in the second quarter of 2007, Nokia owned more than 50% of the global market share of smartphones. Today, it is a number that is hard to comprehend. By the end of the second quarter of 2013 - just 6 years later - Nokia’s market share declined to almost zero. It is shocking data which should be recognized and absorbed by business leaders so they can avoid the same mistakes Nokia did.
