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
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
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.
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
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
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
“When you start a company, you think you can do everything in your company better than everyone else,” observed entrepreneur Steven Izen in a recent episode of Corporate Competitor Podcast. “It’s just not true.” Izen says that starting two companies taught him that the stronger his team was, the more successful and resilient his companies
The former pitcher/infielder at Haverford College and current Editor-in-Chief of Harvard Business Review has come to believe that success in sports and business rests on the agreement among participants that the activity is not only worth doing, but worth doing very well—well enough, in fact, to always “act like it matters” and attempt to win.
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
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
“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,
Just about any leader can make an organization look good for a moment—by launching a flashy new program or product, drawing crowds to a big event, or slashing the budget to boost the bottom line. But leaders who leave a legacy take a different approach. They lead with tomorrow as well as today in mind.
It might seem illogical for a large, historically fossil-fueled power company to lead Appalachia out of coal. But it’s key to American Electric Power’s (AEP’s) strategy to power communities in Ohio, Kentucky, and West Virginia with carbon neutral energy and also help them prosper. Like Don Katz, CEO of Audible, who is trying to turn
When John O’Shea closes his eyes to remember his time on the crew team at the University of Florida, the vision comes with practically no soundtrack. His focus is on the moment where everybody’s rowing together, and the timing is just perfect. “I still get little chills thinking about it,” recalled O’Shea. “You hear the
A former co-worker was kind enough to post something on my LinkedIn page about my leadership style, saying in part that when I served as CMO at a previous stop I assembled marketing strategies “as some set a feast—a place for everything and everyone in their best place.” I’m certainly appreciative of my colleague’s words,
The art of being a good manager and leader is stretching the people who work for you. Achieving great results comes down to having high expectations of yourself and the people who work for you. Think back to the people in your life who helped you to do your best work — to be better
One thing we’ve learned from Covid is that big companies are still run by flesh-and-blood human beings, not artificially intelligent data-crunchers. Despite frequent warnings about potential pandemics, most companies and CEOs did little to actually prepare for the calamity. Eight of the 10 largest publicly held U.S. companies didn’t even identify pandemics as a risk
Starting a new company is daunting and, to many, the most challenging part of entrepreneurship. Generating a fresh idea, persuading investors and forming a solid core team are all initial, necessary steps entrepreneurs must take to realize their dreams. However, in many ways, moving past the gritty startup phase to become a successful, growth-stage company is even more challenging than first getting it off the ground. Setting internal
Throughout a life spent moving from one organizational challenge to another, I’ve noticed that one thread has woven the whole experience together: The unbridled power of good communication and storytelling in successful people. But one question persists: If communication is so important, and we are more interconnected than ever before, then why are most managers and
When Swen Nater, a Dutch immigrant who didn’t make the starting lineup of a basketball team until junior college, was recruited by UCLA to play basketball, the school’s legendary coach John Wooden promised the seven-foot-tall Nater two things. “First, he promised that if I came to UCLA, I would not play very much because the