“The test I apply is quite simple. I look at the core strategy choices and ask myself if I could make the opposite choice without looking stupid. The point is this: If the opposite of your core strategy choices look stupid, then every competitor is going to have more or less the exact same strategy as you.”
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With summer finally here, it’s time to update the wardrobe, go for that summer cut and get a pedicure… but could your appearance and body image be impeding your business success? Learn 7 quick tips to spruce up your appearance and in turn, other’s perceptions of you.
A healthcare supply chain can comprise 50-60 percent of a company’s total costs, control 100 percent of all inventory, and usually provides the foundation for all revenue generation. Despite the critical role of the supply chain, findings from the 2014 UPS Pain in the (Supply) Chain survey showed that only 36 percent of healthcare logistics executives have adequate supply chain strategies and contingency plans in place. Read Steps to Healthcare Supply Chain Success to learn how to deliver supply chain excellence.
Guest Blog post by WPO New York VI Chapter member, Janet Odgis, President & Creative Director, Janet Odgis & Company Inc.
What’s the best way to accomplish your strategic goals? Addressing the Women Presidents’ Organization at Google’s New York City headquarters, Margo Georgiadis, Google’s President of the Americas, suggested that a healthy disregard for the impossible is key.
Ask someone to name Google’s main competitors, and they’ll probably list Facebook, Apple, and Amazon. Not so, Georgiadis said. Facebook is a social networking company, while Apple develops hardware and software; Amazon focuses on selling products. But from its beginning, Google has positioned itself as an information company, dedicated to using data to build accessible, easy-to-use tools and services.
Georgiadis suggested that anyone could take lessons from Google’s history and philosophy to evolve their own companies. Whenever she sits down with an entrepreneur to talk business, she always begins with the fundamentals. What does the entrepreneur want to accomplish, and why does he or she want to accomplish it? What’s the company’s overarching mission, and how can success be measured?
In order to complete that mission in a quantifiable way, companies must be transparent, with clear lines of communication between those in the executive suite and those carrying out the various aspects of the business. From top to bottom, every employee must possess a willingness to adapt to changing circumstances, and seize upon new opportunities with speed and agility.
Most of all, Georgiadis added, companies and entrepreneurs must keep learning. It’s only by acquiring new knowledge, in conjunction with the aforementioned agility and openness, that a company can re-imagine itself into a more perfect form, and ultimately make its customers’ lives better. While that might sound like an intimidating—even impossible—goal, it’s one well within reach.
1. Ask WHY. What is the purpose? How can it make peoples lives better?
3. How can success be measured? In order to complete that mission in a quantifiable way.
4. Companies should be transparent, with clear lines of communication between everyone.
5. Seize upon new opportunities with speed and agility.
6. Companies must keep learning.
Ever wish you could know what other CEO’s are facing? Now you can. PwC has surveyed 711 private company leaders as part of their 18th Annual Global CEO Survey. “Forward thinking CEOs have a knack for seeing beyond blind spots to ensure future risks don’t derail their growth plans.” Read more about perceived risk, opportunity, innovation and growth here.
Did you know that Chubb Insurance is the only insurance provider that conducts a private company risk survey? In the past 3 years, 44% of private companies experienced at least one loss event. “Private companies increasingly are at risk of professional and management liability from a vast range of events, including costly lawsuits, government fines, data theft and other criminal activities. So disruptive are such events that small companies can quickly face financial ruin, and even large companies may find it difficult to fully recover from such administrative and financial disasters.” Read on to hear more about the findings and to help assess where your company may be at risk.
Below is an infographic published by Score, an organization that mentors America’s small businesses. Score has gathered statistics on the growth and economic impact of women-owned and minority-owned businesses in the United States.