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Business Strategy – Evolution with a capital “R”!

I’m always intrigued by the application of revolutionary strategy concepts to established businesses and in the past few days, I’ve noticed several provocative reports that dramatize businesses seeking innovative ways – or not – to look at their business. The New York Times on Saturday carried an article about F.A.O. Schwarz & Macy’s that you…

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Family Businesses – Change or Else What?

Once again, Jack Welch and I are communing about common business issues – in this case, the family business. In the May 19 edition of Business Week, Jack and Suzy Welch respond in their Welchway column to a question about the big concerns facing business over the next 10 years. Jack is a legendary, corporate…

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A Constitutional Convention for Family Business

Like me – until now – you may have missed the recent Business Week article about family business and the value of a family “constitution” to spell out the Company’s vision and set forth important guidelines for relationships, stock ownership, prerequisites, behavior and other attributes to create “rules of the road” among family members. The…

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Good Advice for Tough Times

Dennis Zeleny, an established HR professional and frequent contributer to Forbes magazine, contributes another POV in a growing list of articles about How to Lead in Tough Times. I think his key points are right on, and represent a compelling summary of key elements of leadership for all times: Communicate regularly and honestly with your…

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Anybody got too much time on their hands?

If you wonder whether your facial hair, or where you part your hair, has any relevance to your success, you’ll be glad to know that Fortune magazine has taken their journalistic razor to the strop! First, in an article about the technology world, they explore the whiskers of some of tech’s leading lights. If you…

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Use adverse times to your advantage

Most of you know Jim Collins as a result of his Good to Great bestseller, which catapulted metaphors like the “hedgehog” and “people on the bus” into the business vernacular. Writing in the current issue of Fortune magazine – the Fortune 500 edition – he discusses The Secret of Enduring Greatness. He challenges the assumption…

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The world’s first Billion Dollar Home

Forbes magazine showed a stunning picture in their new May 19, 2008 edition. It is a home in Mumbai, India built by Mukesh Ambani. You’ve never seen a home like this before . . . 27 stories (down from the original plan of 45 stories), 400,000 square feet – no, that’s not a typo –…

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For you graphics nerds – Starring the CPI!

In today’s New York Times, there is an eye-catching picture that will make the nerdiest graphmeister weep. It’s a very unique graphical depiction of the Consumer Price Index. You may not know that the Bureau of Labor Statistics gathers 84,000 prices on 200 products every month to calculate the Consumer Price Index. See it here…

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How to lead during a recession!

Jack Welch doesn’t need kudos from me, but I appreciate his recent column (with his wife, Suzy), Keeping Morale Up in a Downturn, in the recent issue of Business Week. It focuses on 2 key characteristics that I think good leaders possess: 1] Transparency, referring to a willingness to talk openly and honestly with members…

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Hiring Outside the Box

Forbes magazine ran a timeless article in their April 10 edition about critical errors made in the hiring process. In short – 1] ask well-considered questions to assess critical competences and 2] don’t be the only interviewer. Since the development of your leadership team is the most important step you can take to accelerate your…

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