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Game Theory; The Devil You Know
I devote a lot of my time helping people and companies get from their present reality to some new reality. It is rarely easy and – although almost always considered a success – the success is not quite as complete as it could be. This is the norm; the expectation. And this is not because…
INSIGHT- Profit bonanza eludes companies chasing obesity business
Reuters reports that soaring diabetes rates, driven by increasing obesity, have fuelled profits at the Danish company, Novo Nordisk’s Kalundborg factory for nearly two decades. Now, the company wants to tackle obesity head on by launching a specific treatment. At first thought, it seems to be a no-brainer. However, in a global economic downturn, modestly effective weight-loss…
You Only Get One Opportunity to Make a First Impression
Imagine this scenario: An upstart high-tech firm in Silicon Valley has an idea for an offering which promises to transform the lives of tens of millions of people across the United States. It has adequate funding and an abundance of time for product design and development leading-up to its launch. To be sure, there are…
Jack Welch’s Approach to Breaking Down Silos Still Works
ByHBR.org
Working across organizational boundaries was a new way of thinking 25 years ago —one that was largely championed by the then CEO of GE, Jack Welch. Fast forward to today, and we live in a different world where our communications technologies have dramatically improved. Nevertheless, many organizations still have hierarchical, siloed, and fragmented processes and cultures, and…
Culture Change: Go Ugly Early – Go Ugly Fast
I was the Chairman at a three-day conference on Operational Excellence and Business Transformation recently and was really impressed by the number of people in attendance and the caliber of the speakers. Some of the speakers discussed technology, and their vision of the future. But most of the speakers focused on softer skills; leadership, innovation,…
Generative AI is here: How tools like ChatGPT could change your business
Generative AI and other foundation models are changing the AI game, taking assistive technology to a new level, reducing application development time, and bringing powerful capabilities to nontechnical users. In the spirit of this article’s topic, we asked ChatGPT—a generative AI language model that can create original content in response to a user prompt—how it would…