2013 Trends and The Power of Women

Women on Business

I was recently asked to think about how 2013 trends will impact women in the work force and how women will impact the trends. Could I see the future as a projection of the strides I’ve been able to make, similar to what other women in business have done?

Trends 265

The Most Overused Word in Business

In the CEO Afterlife

Big retailers are dead without a firm understanding of daily, weekly and monthly tactics. If the retailer’s unique position in the market is lowest prices for brand name items, then all pricing tactics must support that image.

The Strategy Confusion

LDRLB

Big retailers are dead without a firm understanding of daily, weekly and monthly tactics. If the retailer’s unique position in the market is lowest prices for brand name items, then all pricing tactics must support that image.

The Rules of Retention

Chart Your Course

As a result, QuikTrip was expanding with new stores and larger projects during the recession, while other low-cost retailers were closing stores and announcing layoffs. Employee dissatisfaction is on the rise, especially among entry-level and mid-level employees.

Lessons from Amazonian Culture and Ecology for Talent Management

Mills Scofield

We sell our bottled beverages and tea boxes in over 3,500 of the top retail accounts in the US from Whole Foods to Vitamin Shoppe and are generating over $100,000 / year of direct income for 2,000 indigenous farming families in Ecuador.

The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 4 of 4

Strategy Driven

The common denominator was open communications with customers, where other retail centers try to stifle mention of incidents. They can be turned from disasters into opportunities to project corporate strengths. Thinking Through the Strategies.

Announcing: The Myths of Creativity

LDRLB

As you may know, for the past year I’ve been involved in an intense writing project. The more pre-orders we get, the more retailers like Amazon.com load up on inventory and the more likely they are to promote the book themselves.

How Data Visualization Answered One of Retail’s Most Vexing Questions

Harvard Business Review

In e-commerce, advances in tracking and analytics have made it possible for retailers to understand what individual customers are doing before they make a purchase, and to gather and analyze hundreds and thousands of data points to identify trends. Decision making Retail Technology

Why Your IT Project Needs a Cognitive Scientist

Harvard Business Review

Our research, which has involved studying more than 50 international organizations in a variety of industries, has identified an alternative approach to big data and analytics projects that allows companies to continually exploit data in new ways. This means that project teams need members well versed in the cognitive and behavioral sciences. For tasks such as processing financial trades or retail transactions, these are ideal skills.

Keeping Work Organized when Your Team Is Fragmented

Harvard Business Review

Steve DeCorte, TW Garner's general manager of sales, told me that "as a small company, using AMG Strategic Advisors puts us on a level playing field with the largest consumer packaged goods companies when we call on retail customers.". Leading teams Operations Project management

Before Hiring a Design Partner, Consider This

Harvard Business Review

It''s your job to pour what you know into the project and travel with the team: think of it as an equal partnership. Design Project management Design is a service, not a magic spell.

Small Businesses Need Big Data, Too

Harvard Business Review

Our three-year project was designed to build awareness among small firms about the value that data could have for their businesses. For example, one firm, having been asked by a retailer to produce a range of ready meals, simply looked at other products on the market and tried to imitate them.

Amazon Turned a Flaw into Gold with Advanced Problem-Solving

Harvard Business Review

Several years ago, Amazon was struggling with scaling its e-commerce infrastructure and realizing that many of its internal software projects took too long to implement, a major pain point from a competitive standpoint. For each new project, a team would have to reinvent the wheel.

When Your Start-Up Should Walk Away from a Deal

Harvard Business Review

When we were a smaller company, a major retailer approached us with the promise of $15 million in business from a huge translation project. Not long after incorporating all of these changes, the retailer pulled the plug on the entire project due to economic reasons.

Customer Intimacy, Meet Operational Excellence

Harvard Business Review

For example, catalog and online retailers like L.L. But while such customized services used to be enough to compete effectively, these retailers are now finding they need to improve their operational reliability too. There are typically five of these projects running every week.

Why Large Companies Struggle With Business Model Innovation

Harvard Business Review

We developed dozens of new innovation ideas with managers in the company but the board, though initially enthusiastic, never took the time and energy to engage with the projects, directing their attention on day-to-day operational issues instead.

Don't Let Predictability Become the Enemy of Innovation

Harvard Business Review

Unhappily shocked by Sputnik''s unexpected 1957 success, President Eisenhower quickly pushed the Pentagon to establish the Defense Advanced Research Projects Agency (DARPA).

Lessons in IT Innovation From Silicon Valley

Harvard Business Review

“This is difficult and hard work, but it is going to pay off enormously to the company, in that we’re going to be able to move much faster with a lot less cost,” says Tom Keiser, the retailer’s CIO. Innovation is always infectious.

CIO 16

Use Tension and Conflict to Create Breakthrough Products

Harvard Business Review

The project demanded rethinking the entire concept of what automotive luxury performance meant. Toyota''s North American Parts Organization, an auto parts distribution division serving 1,200 retailers, accomplished a similarly impossible mission not long ago in their supply chain processes.

IT Has To Deliver Great Tools — and Teach People to Use Them

Harvard Business Review

No wonder collaboration and analysis tools make up the single largest category of IT project spend. The business intelligence team at a leading retailer revamped the training it offers the company''s employees.

CIO 16

Can Advertising Change the World?

Harvard Business Review

This is what the British retailing giant Marks & Spencer is doing in its "shwopping" campaign. As the UK's biggest clothing retailer, it can't afford to be irresponsible; its practices are under heavy scrutiny.

Good Companies Are Storytellers. Great Companies Are Storydoers

Harvard Business Review

Recently, my partners and I at co:collective initiated a project to determine whether there is hard statistical evidence that storydoing companies are achieving superior results. Discussions about story and storytelling are pretty fashionable in marketing circles.

As Emerging Markets Slow, Firms Search for “New” BRICs

Harvard Business Review

For example, Peru’s rising middle class offers an increasingly attractive choice for consumer goods and retail MNCs looking to diversify their investments beyond established markets. Real increases in personal income and access to credit will support growth across all retail categories, but the automotive, consumer electronics, and food and drink sectors will outperform, as consumer taste becomes more sophisticated. By all measures, emerging markets are having a tough year.

GDP 12

Taking Your Brand Global Is Easier Than You Think

Harvard Business Review

There''s a prevalent myth that I''ve encountered repeatedly in my years advising companies with intentions of going global — that it''s a massive project, one that takes extensive advance planning, and one that only the largest companies can pull off successfully.

Why You Should Let a 5-Year Old Design Your Next Product

Harvard Business Review

And by "market" we mean 188 retail partners. He started this project with help from his dad. All his life, he hated brushing his teeth. Getting toothpaste onto a toothbrush can be messy if your fine motor skills are still developing.

Sustainability Matters in the Battle for Talent

Harvard Business Review

The projects produced financial and environmental benefits, of course. Employees at semiconductor-chip-maker Intel recently devised a new chemistry process that reduced chemical waste by 900,000 gallons, saving $45 million annually.

Simon 16

Have a Real Impact; Keep Your Day Job

Harvard Business Review

Suzanne Ackerman-Berman at Pick n' Pay in South Africa is leading an innovation lab to help small-scale farmers and entrepreneurs become reliable suppliers to the retail industry.

What Big Companies Can Learn from Shark Tank

Harvard Business Review

Companies need a different process for funding innovative projects. For two days, three teams of executives worked into the night pouring over consumer, retailer, and financial data to come up with disruptive ideas to drive growth.

The Growing Business of Marijuana

Harvard Business Review

Technology, marketing, retail, HVAC, construction, and manufacturing pros. billion in 2013 – up about 15% from the year before, according to our 2013 Marijuana Business Factbook. Earlier this year, we projected that sales will hit $6 billion by 2018. There will be retail marijuana chain stores a la Starbucks and cannabis-infused beverage brands like Coke. Sandal-clad hippies in tie-dye shirts. Stoners so high they can barely put a sentence together.

How GE Uses Data Visualization to Tell Complex Stories

Harvard Business Review

And they range from employees and retirees to retail investors and thought leaders. What projects have been the most successful for you? What are some data visualization experiments or projects you''re working on now? Phase two of the project begins in June.].

The Best Advertising is Sincere

Harvard Business Review

They are invariably FASCINATING, and so we take bets on when this seemingly endless stream of human interest will run dry — anticipating a day that must come, when one of these projects turns out to be boring.

Making #GivingTuesday a Movement

Harvard Business Review

The leaders of these organizations immediately got the concept that the philanthropic community stood to benefit by converging on a day like this, in the same way that retailers (even though they compete aggressively) all take part in and benefit from Black Friday. With every project, they are spreading the word through their networks, and the connection to #GivingTuesday becomes more valuable. The second #GivingTuesday will happen on December 3, 2013.

What the Companies Winning at Big Data Do Differently

Harvard Business Review

subscribers in the first quarter of 2013, a 7% increase over the previous quarter. How else did the companies projecting the greatest ROI from Big Data differ from underperformers? Yet ROI leaders in our study also included telecoms, retailers, banks and high-tech companies. This last activity helps explain the appeal of Big Data to a growing number of retailers. Retailers that want mobile location data of their shoppers must get that "external" data from the telcos.

ROI 12

Sell Your Product Before It Exists

Harvard Business Review

While most startups who set up pages on Kickstarter, Indiegogo or a host of other crowdfunding sites are looking to hit a specific goal and then get started making their project a reality, a new crop of businesses are using the platform for as a wholly different business model: selling their product before it exists. There’s crowdfunding and then there’s crowdfunding.

Reis 12

Why Walmart’s Senior Execs Need to Be on Twitter

Harvard Business Review

On Monday the National Labor Relations Board had announced it “would prosecute the retailer for illegally firing or disciplining 117 striking workers… many [stemming] from last year’s Black Friday protests,” according to Forbes. They want to connect with various influential people or networks online and allow them to cascade a news story into the public consciousness (think of viral ads like Dove’s Real Beauty sketches or any of the marketing around Google’s Project Glass ).

PR 13

We Took a Vote. You're Fired.

Harvard Business Review

In fact, a survey of retail managers suggests that a majority think customers are happier getting preferential treatment in public than in private. It''s an attractive value proposition: It''s projected to be a big part of the 13.4% growth in digital ads between 2013 and 2014. Leave Your Title at the Door. Let''s say you have a coworker who’s disruptive or isn''t pulling his weight.

A New Model for Innovation in Big Companies

Harvard Business Review

According to my current research at Harvard on innovation models in global companies across diverse sectors, these types of projects fail between 70% and 90% of the time.This should be a deeply troubling, motivating statistic. So nobody was shocked when, for a recent strategy project, Masala passed over many well-known consultancies that he viewed as having already “made a science out of their way of thinking of restructuring.” It seems we’re all racing to get more entrepreneurial.

Your Summer Intern Is Here. Now What?

Harvard Business Review

She was encouraged to keep a running list of questions about how the mammoth retailer''s operations worked, and she discussed them with her manager during weekly calls. Block off an hour to talk about her upcoming projects. Instead, they want to know the rationale behind that research project or how their piece of the puzzle will better serve your target audience.

Set Your Innovation Teams on the Right Path

Harvard Business Review

New growth businesses generally take longer to mature than even the most optimistic projections. It’s natural, for instance, for consumer goods companies to think in terms of existing retailers or for companies that sell to large enterprises to want to tap their large direct sales forces. One of the most critical challenges facing growth-seeking executives in large companies is deciding what constraints they should be placing on their organizations’ innovation efforts.

Prepare for the New Permanent Temp

Harvard Business Review

Workflows and innovation initiatives have been artfully reorganized around "projects" to facilitate faster, cheaper and easier contingent participation. Just ask anyone working in the health care, financial services, automobile, retail, media, publishing, education, advertising, real estate or defense industries. The fastest-growing segments of America''s job market — by far — are temporary and part-time employment.

Morning Advantage: Same-Day Delivery Is Overrated

Harvard Business Review

In an effort to gain a competitive advantage, writes Marcus Wohlson at Wired , big online retailers — Amazon, Walmart, eBay — are experimenting with making our La-Z-Boy dreams a reality. That’s why Brian Nosek, a psychologist at the University of Virginia, launched the Reproducibility Project. I think my dream online-shopping scenario would go something like this: I need a new pair of jeans. Search. Click. Wait a few hours. Answer the doorbell: my jeans.

Daft Punk Didn't "Get Lucky" When It Created This Summer's Biggest Hit

Harvard Business Review

The marketing-data firm discovered that online retailers’ rate of acquiring customers via email has quadrupled over the past four years to 7%. Europe is spending tens of millions of euros on nine pilot projects. and India are investing in projects of their own. Get Nostalgic. When the new Daft Punk record came out recently, I was tickled by its seventies-inspired beats and catchy hooks.

How to Compete When IT Is Abundant

Harvard Business Review

We''re seeing retail outlets supply store employees with iPads chock full of product catalogs to improve in-store consultation, enabling them to be instant experts on the latest goods and services. Flextronics uses Workday to provide visibility into its global workforce of 200,000 employees, allowing it to move around talent and projects at a moment''s notice.