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How to Become Truly Social

Coaching Tip

The days of leading countries or companies via a one-way conversation are over, as Netflix’s one-way conversation with customers on prices, Bank of America’s one-way conversation on debit fees and Verizon’s one-way conversation on an e-billing surcharge recently demonstrated. 4) Seek to inspire, not just motivate. 6) Give trust away.

How To 110
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For a Breakthrough Idea, Start by Examining Customer Touch Points

Harvard Business Review

I recently worked with a retail bank that was trying to reduce the number of in-bound customer service calls pertaining to how a specific line of credit worked. Creativity Innovation Product development' They turned to Apple for inspiration. After all, the line of credit was providing them with a sense of financial security.

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Yes, Managing IT Is Your Job

Harvard Business Review

In order to see the future more clearly, it''s almost always helpful to look back — and this certainly goes for IT and its ever-increasing impact on operations, and ultimately on competitive advantage. It told how American Airlines and others had introduced systems to help their customers choose their products and services.

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Why Isn’t Jamie Dimon Telling Clients to Raise Wages Too?

Harvard Business Review

But why isn’t the commercial and investment bank telling its corporate clients to do the same? I believe he should tell his bank’s corporate clients to follow suit. Kaiser Permanente, Costco, Southwest Airlines, and Siemens are household names that have achieved consistently good results and good jobs with this strategy.

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The Right CEO Personality for Process Improvement

Harvard Business Review

Drawing on her work with business leaders, she has developed the following categorization of how people prefer to think: Conceptual : Reads signs of coming change; sees the "big picture"; recognizes new possibilities; tolerates ambiguity; integrates ideas and concepts; communicates through analogy and metaphor; inspires with visions of the future.

Process 15
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The Right CEO Personality for Process Improvement

Harvard Business Review

I recently argued that in industries such as distribution and logistics (Amazon, FedEx, UPS), process manufacturing (Exxon), insurance (Aetna), restaurants (McDonald's), and retail banking (Bank of America, Citibank, Wells Fargo), continuous process improvement is essential. This is the preferred style of proficient process improvers.

Process 15
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The Art of Corporate Endurance

Harvard Business Review

In a recent meeting I had with senior executives at a multinational retail bank, none of the top management team could remember the last time they had sat down with a randomly selected retail customer. A firm can buy competencies, but capabilities are harder to develop and are the key to sustaining competitive advantage.