article thumbnail

A Systems Approach to Leading Through Transfomation

Great Leadership By Dan

When I joined Merchants Fleet as CEO in 2018, I knew I was joining a team of some of the most experienced professionals in the fleet industry. To make this happen, we put a system in place with six key focus areas: 1. First, I had to align our leadership team to drive the service-oriented, flexible and innovative culture.

System 228
article thumbnail

How Innovation Boosts Profitability

The Horizons Tracker

The impact of innovation to improve the profitability of companies is something that has always been assumed, but nonetheless, it’s nice to have some tangible evidence to show it’s the case. They found that the most innovative firms achieved 1.95% higher growth in profitability each year than their less innovative peers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Diversification Putting Pressure on FinTech Executives

N2Growth Blog

The diversity across markets results in a mixture of backgrounds of different belief systems, habits, and perceptions that govern the behavior of local team members. A company with a robust value system that resonates with all employees and customers will draw more people to its product.

Execution 382
article thumbnail

Preview Thursday: The New Science of Radical Innovation

Lead Change Blog

The following is an excerpt from the introduction to The New Science of Radical Innovation. When an organization achieves a higher level of complexity, it increases the organization’s options and ability to respond to external challenges and produce radical innovation. This book is not about how to make incremental improvements.

article thumbnail

How Innovation Is Completely Different in Established Organizations than in Startups

Leading Blog

In 2018 alone, 53 unicorns were added to the list. Their greatest fear is no longer their closest competitor, but the startups which, although they live in metaphorical garages and have hardly taken off, have an innovation power that established organizations can only dream of possessing. The Three Tracks of Innovation.

article thumbnail

Challenging Thought-Terminating Clichés: Strategies for Organizational Change

Mike Cardus

Although these clichés might serve short-term management objectives, they often hinder long-term innovation, suppress employee morale, and foster a culture of compliance over mutual growth. Phrases like ‘Don’t rock the boat’ or ‘It’s not in the budget’ often serve to halt innovation and maintain the status quo.

article thumbnail

More Than Childcare Needed To Fix Unequal Labor Market

The Horizons Tracker

But the system reaches its limits when it comes to mothers’ careers.” The hypothesis was that a swifter return to the labor market could enhance a mother’s prospects for professional advancement. However, the economists’ analysis revealed no such effect. ” the researchers explain.