Sometimes the chain of command, what Vanderbilt professor Dave Owens calls the “hierarchy of no,” can get in the way of generating great ideas that can advance bold initiatives. Rhode Island based Rite-Solutions, an engineering software and IT solutions company, came up with a compelling way to deal with this challenge.
The recent government shutdown resulted in hundreds of thousands of furloughed government employees, closed national parks and barricaded monuments, limited food inspections, and, gasp, no panda cam at the National Zoo! Every news channel and political pundit has given their perspective on why the shutdown was bad for our country. But, what lessons can leaders reinforce with their teams? Here are six.
Wal-Mart is drawing all sorts of attention these days for its new commitment to purchasing American-made goods. But unlike decades ago when the retailing giant cajoled manufacturers to source their goods from China and other low-cost nations, this time Wal-Mart is responding opportunistically to a general made-in-the-USA resurgence that already was well underway.
You find your computer buzzing about a new, anonymous “gripe” or “hate” website trashing your company, using your trademarks and confidential information. Before you follow your instincts to fight back, consider some important steps, both to do—and not do.
Businesses that outsource research and development (R&D) overseas are more likely to innovate than those who outsource at home, says new research. IBM’s strategy of building research capability in places like Switzerland, China, and India mirrors that of GE, Intel and others. Ordinarily the purpose of outsourcing R&D was cost reduction, but many are now doing it to boost innovation as well.
Great Expressions Dental Centers (GEDC) alleviates the logistical constraints that traditionally governed dentistry. GEDC gives consumers the ability to choose the time and location of visits not associated with single practice dentistry. The corporate mantra is to provide top flight dental care (every type of dental service, from general dentistry to cosmetic dentistry and orthodontics) at a price patients can afford.
There is a famous closing scene at the end of “The Roaring Twenties,” the 1939 classic that chronicles the rise and fall of a gangster and the last movie that Jimmy Cagney and Humphrey Bogart made together. Kneeling over Cagney’s bullet-riddled corpse, his faithful bootlegging associate, one Panama Smith, looks up and tells a passing cop, “He used to be a big shot.” Where have all the superstars gone?
Starbucks CEO Howard Schultz is asking his fellow chief executives to push for an end to the gridlock in Washington, saying there needs to be a return of civility over partisanship. Alcoa CEO Klaus Kleinfeld compares the threat that the US might refuse to raise the debt ceiling to a “giant Taser” that will freeze confidence in the world economy, not just the U.S.
David Yanofsky of QZ.com identifies nine S&P 500 companies with more cash in hand and short term securities than the cash-strapped U.S. government. GE alone has three times as much as the Treasury has available now. Jack Lew take note.
Twitter is leading the headlines as it prepares for an initial public offering that may come as early as mid-November. But overall, the U.S. market for IPOs is hot right now as would-be filers warm up to a handful of factors. Is it time to dust-off your plans for an IPO?