Strategy

What’s with the rising tide of surprise third-party online introductions? Most CEOs are very social, friendly people interested in hearing from genuine friends and wide-ranging constituents. As achievement-oriented people, they’re eager to learn how they’re doing and how they can learn to do better. But there are limits.  Frequently, I hear from CEOs complaining about
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Editor’s Note: Prof. Medvec will be one of the keynote speakers at our upcoming CEO Leadership Conference in Phoenix, Nov. 4 & 5. Please join us.  Leaving yourself room to concede is a great way to alleviate your fear in negotiating. The very act of conceding makes you look flexible and cooperative, and it increases
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Bill Gates famously said, “How you gather and manage information will determine whether you win or lose.” He was right. Periods of rapid change demand rapid, intelligent decision-making. That is only possible if an organization can gather and share all pertinent information. The easiest way to do that is to make information-sharing uninhibited, which means
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Technology has a branding problem, especially in office settings. Far too many people assume that technology creates barriers between workers. A 2019 study by the International Data Corporation predicted global IT spending would surpass $5 trillion that year despite the hesitancy some companies still harbored regarding the usefulness of tech. Plenty of companies doubt tech truly streamlines productivity
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Mark Steffe believes that coaching and leadership in business and sports are very similar.  “Communicating isn’t just about delivering your message,” Steffe said. “It’s about somebody receiving it.” To illustrate his point, Steffe recalls a typical Little League scenario he faced when a struggling pitcher would elicit a “C’mon, throw a strike!” from a parent, practically
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I’ve been fortunate to work with several companies during the pre-IPO phase. Some have been successful, and others less so. But companies that have successfully navigated this phase of growth have one thing in common: all had strong boards of directors with strategic mindsets, a commitment to preparation and a tactical focus on the endgame.
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Innovation can—and does—happen anywhere and at any time. During the height of the pandemic, many businesses would have come to a complete halt if not for their use of innovative solutions from the technology industry. While Covid-19 created a devastating disruption to the global economy, it also forced remarkable transformations across almost every industry. From
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Imagine if hard drives still weighed 200 pounds and were the size of a refrigerator. Would Adam Osborne have been able to introduce the first laptop weighing 23 pounds in 1981? Without innovation, laptops would not have evolved into the lightweight portable devices they are today. Innovation is not just a buzzword—it’s the key to
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Trust is the fuel that helps leadership teams thrive. Reinforcing this point are the findings from Google’s seminal study on what makes a great team at Google: “Individuals on teams with high trust bring in more revenue, are less likely to leave Google, are more likely to harness the power of diverse ideas from their
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Technological change is accelerating exponentially. Innovations in the fields of artificial intelligence, robotics, 3D printing, autonomous vehicles, augmented reality, nanotechnology, and genetic engineering, just to name a few, are expanding the frontiers of what we previously thought was possible. Enabling the speed of innovation are advances in information technology, which are expanding the boundaries of
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Credit: Courtesy of Texas Roadhouse Kent Taylor was turned down more than 80 times by would-be investors when he sought funding in the early ’90s for his new venture, Texas Roadhouse. But the Louisville native and former college track star refused to give up on his dream of an “affordable, Texas-style” restaurant, and finally raised
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“Economic growth in 2021 has benefitted substantially from federal and state fiscal stimulus, and the rebound from Covid-19-induced economic contraction in the first half of 2020. As stimulus is withdrawn, growth will slow,” says D Michael Wilson, president and CEO of Prince International, a large producer of engineered minerals and specialty chemicals based in Houston,
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