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The automotive industry used to make good margins from second hand vehicle and service/spare parts with the margins on new vehicles being substantially less. With the changes brought by the internet and other technology, margins on second hand vehicles have dropped significantly, while new vehicles often come with 3-5 years of service included. This leaves spare parts as the major …
As my research into organisational culture has progressed, I can’t help reflecting on the businesses that I’ve worked in. I don’t believe any of the leaders that I’ve worked with actually achieved a lasting cultural change. One of the reasons that I attribute to this is that none of them managed to stay in their position for more than five …
My early experience with organisational culture Early in my career I worked for a few small privately owned businesses. In one the man who owned and ran the business initially presented himself as reasonable and friendly. Over time I discovered that he had a terrible temper and I (and others in the business) could never tell when it would surface. …
Our research shows that ten operating practices are tied to higher service levels and lower inventory costs. A McKinsey Quarterly article. Source: How agile is your supply chain? | McKinsey & Company
Often when businesses are being realigned to better serve their markets cultural change is required. This is an excellent article on making it work. Start with what’s already working! Source: Cultural Change That Sticks – HBR
Many “Baby Boomers” are either in retirement or thinking about the subject. The considerations for those who own businesses are quite different from an employees. The article below explores some of the things that business owners need to think about as they approach retirement. Business owners usually want value for what they have created Assuming you and your business survived …
The journey of the development of the Competitive Insights website started late last year from some conversations with friends about the business and how to take it forward. Progress was assisted by an article on the back page of the Financial Review about some ex Bain & Company associates starting their business and the process they went through to get …