article thumbnail

Management Tools For Leaders: Red Ocean/Blue Ocean Strategy

Rich Gee Group

They present analytical frameworks and tools to foster an organization's ability to systematically create and capture "blue oceans"—unexplored new market areas. This involves the commoditization of the industry where everyone is competing primarily on price — the key goals are to beat the competition and exploit existing demand.

article thumbnail

Scenario Planning vs. Forecasting: 6 Questions to Ask to Prepare for a Post-Pandemic Future

Leading Blog

Scenarios are also collaborative—typically involving teams of people, often from various levels within an organization—and there is often a creative dimension, as opposed to being purely based on quantitative number-crunching. passenger traffic for airlines). the results of a U.S. Are one or multiple futures more likely?

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Engage Employees During Uncertain Times

Lead from Within

That’s when the best leaders step up to help people focus by setting goals and maintaining accountability—while also remembering to keep expectations realistic. Recently the CEO of Southwest Airlines took a 10 percent pay cut to help their employees out. Remove financial burdens. Make sure you’re ready for an economic downturn.

How To 218
article thumbnail

Team Vision and Mission - and the Difference

Great Results Team Building

While they are often misunderstood and confused with one another, a VISION is what you want to be known for as an organization – it is the ideal imagined result you ultimately want your company to accomplish, and should be challenging enough to inspire your people’s imagination. Mission action expectations should be based on measurable goals.

Team 250
article thumbnail

Succession Planning: A Critical Priority

Lead Change Blog

When you have one, you must do your best to keep that person, because he/she will grow leaders in your organization and increase your organization’s overall capabilities. Great leaders are like fuel that keeps things going and sustains a level of performance that makes the company successful in achieving its goal. A True Leader.

Planning 150
article thumbnail

4 Steps to Improve Quality and Safety

Michael Lee Stallard

In healthcare, construction, aerospace/defense, airlines and automobile manufacturing, mistakes and accidents can be a matter of life and death. The airline industry developed a checklist and it has reduced incidents of pilot error. Many industries must be highly attuned to eliminating mistakes and accidents. The Bottom Line.

Quality 150
article thumbnail

7 Ways to Identify Constructive Criticism

Ron Edmondson

We think we are offering “constructive criticism” when we update our Facebook status or Tweet about our service with an airline or a restaurant or a school system – for example. Using the definition (serving a useful purpose; tending to build up) this serves a place within any organization – even the church.