We are developing a series of videos on the importance of organizations making the cultural and operational transition to embracing agility. Our view is agility is the critical competitive advantage needed for sustained success. You can find the links to all of the series here.
Agile Sprint Series: INTRODUCTION
The New Role for Leadership: LEADERSHIP
Do you know about the 4th Industrial Revolution?
Do you understand how it will impact businesses and our daily lives?
How about the challenges of developing, recruiting and retaining the best possible people to leverage the new technologies?
All these questions and more are address in this report. CFP colleagues, David Pistrui, Ph.D. Chief Researcher and Academic Liaison and Darrell Kleinke, Ph.D. Associate Researcher are key drivers of the information and insights in Automation Alley’s report. Stop, download and read the report.
We are thought leaders in Industry 4.0, organizational agility and developing talent to meet the challenges of the future.
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What are the best strategies for Michigan to leverage its unique capabilities to capitalize on the dramatic disruption related to the technological change of the 4th Industrial Revolution? CFP colleagues, David Pistrui, Ph.D. and Darrell Kleinke, Ph.D., collaborated with Automation Alley, The Michigan Economic Development Corporation and the World Economic Forum to take a deep dive into the opportunities for Michigan. Continue reading
November 1, 2018
To answer the question, let’s first discuss what it means for an organization to be agile. An agile organization proactively seek opportunities to identify and apply new ideas that improve organizational effectiveness. It also has a cultural mindset that values and encourages learning, collaboration and shared ownership of the vision, mission, and purpose of the organization. Continue reading
October 15, 2018
Last night Sears filed for Chapter XI bankruptcy. Started in 1886 by Richard Sears as R.W. Sears Watch Company, it transformed retailing. Sears developed an innovative distribution delivery system and mail order catalog that offered virtually any product, to anyone, anywhere in the United States. They accomplished this feat by leveraging the US Postal Service’s Rural Free Delivery program that connected the most remote parts of the US. Sears recognized the opportunity to re-imagine retailing as a national versus a local business. In many ways, they started out like the Amazon of its day and then followed with retail stores across the country to become the Walmart as well. Continue reading
Family businesses are the lifeblood of the local and global economy yet there are challenges in keeping these businesses in the family. This is the # video in the series of family and closely-held businesses. Continue reading
In this second video on family and closely-held businesses we discuss the 3 systems of a family business (family system, business system, ownership system) and the challenges of balancing those systems. Continue reading
In this video we breakdown with a Venn diagram the unique elements of the family business system. Continue reading
In analyzing best practices for success within a family business there are 5 Key Characteristics. I bet they will surprise you. Continue reading