The Economist reports on The American economy’s state of health, how it has deteriorated over the past two decades and proposes some suggestions for how to raise it once more. Factually, America’s economic prospects began to bloom back in the 1990’s, when productivity soared and immigrants and foreign capital flocked to take advantage of what was quickly dubbed the “New Economy”. Sadly, the New Economy is no more…
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Like many of you, I’ve had a lifelong quest for learning and for trying to improve my own personal performance and drive excellence in my companies. Excellence is defined as “the quality of being outstanding or extremely good.” Synonyms for excellent and excellence are distinction, first rate, superb, blue chip, choice, first class, five-star, top…
With global competition at such a dynamic level that any day lost without operations improvement imperils the company’s economic position; the status quo simply leads to failure. In order to out pace this competitive environment, companies are implementing strategies to establish competitive advantage as a low cost producer or as a stand out through product differentiation. The…
Mittel-management. This is the name of the management theory at the heart of Germany’s success. In general, the term Mittelstand applies to mid-sized companies, many of which shun the limelight, operate from the countryside within the business-to-business or niche market sector, and are operated by anonymous company men. The Mittelstand dominates the global market in…
I had a project where I was hired to try to help turn a company around. The challenges faced existed across the entirety of the company. In fact, there was no function of the company that was operating at an acceptable level. This company was very sick. The owner of the company and I made…
A continent learns to hustle. After a long slumber, Europe’s animal spirits are stirring The idea of a Europe hostile to entrepreneurs would once have seemed laughable. At its 17th-century peak the Dutch East India Company’s appetite for capital was so voracious that it demanded the invention of the public stockmarket. Investors then did not…
It could be said that the motor industry’s growing fascination with digital photography is about as significant as Nokia’s legacy of squandered opportunities. It was no secret that, while Nokia had some of the best technology in the business and a reputation for building high-quality hardware, its Symbian operating software was clunky compared with the elegance…
