This past weekend I discovered an interesting article about the World’s oldest family businesses. The article made me curious – curious to learn what is the oldest family business in the world and which are the oldest family-businesses in the United States.
What is your organization’s success formula? Can you describe it clearly to others? If you can’t, you aren’t alone. While many organizations have developed practices that have sustained them for years, most have not developed a clear success formula. Great companies have a formula and know how to tweak it when they need to.
Last year I wrote a Blog called How Great Companies Deal with Economic Asteroids and included important concepts from Great by Choice by Jim Collins and Morten Hansen. The one question I had after reading the book was, “do we know what our success formula is?” And, recently, another colleague raised the same question after finishing the book.
Entrepreneurs are special. They launch companies, help create products and services that solve problems, and they create wealth. They pay taxes and fees to support an economy and they create a legacy. None of that, however, comes with a tremendous amount of hard work, sacrifice, and a lifetime’s worth of work on self.
Last week I asked a young manager if he had heard of the musician Pete Seeger. He said, “I think so. I heard one of his songs at a wedding reception I went to. I think it was ‘Old Time Rock n’ Roll’ or something?” I told him that was Bob Seger, no relation to Pete Seeger. I then told him about Pete Seeger, who died a few weeks ago, and how he was an authentic leader.
Would you pay $37.50 USD when you can get the same domain name from GoDaddy at $9.00 USD? MelbourneIT seems to think that you do.
Alan Wurtzel opens his book Good to Great to Gone with this quote by William Knudsen, “In business, the competition will bite you if you keep running; if you stand still, they will swallow you.” And, while that may be the most important lesson Wurtzel teaches us about Circuit City, he also leaves us with many more lessons – and I am grateful.
In Part 2 I’ll explore why Best Buy emerged as the market leader and what happened to Circuit City. A Great Company. In Good to Great, Jim Collins and his team selected Circuit City as one of 11 great companies that appeared on the Fortune 500 list from 1965 to 1995
Do you remember Circuit City? Again this holiday season I thought of them when I drove by their old building here in Portsmouth, NH on my way to Best Buy. The company lived for 61 years – born in 1948 and died in 2009. It is a story filled with many business and leadership lessons. Once considered a “great” company, how could it spiral downward and die?
Over the past few weeks I have been catching-up on my notes and reading. Here are six of my braindrops from those notes and readings. (A special thank you to the late George Carlin for giving us the phrase “braindropping.”)
It’s funny how things work out. This week I read three things that made me think more deeply about A Christmas Carol, which was published by Charles Dickens 170 years ago on December 17, 1843. I have always been intrigued with Scrooge, the lead character, and hope my family doesn’t see any resemblance.
Okay, show of hands. How many of you are buying a ticket for this week’s Mega-Million Lottery that might bring a winner between $550 and $650 million? Unless you are holed-up in a cabin in northern Maine, I’m sure you have heard about this huge pot of money.
A few weeks ago a colleague introduced me to a Ted Talks video piece on how we can train our brains to be positive. Then, this week I read about a company called Big Ass Fans that uses positivity as part of its culture. Since it is the season to be jolly, let’s explore these two positive stories.
Business owners travel a lot, regardless of whether theirs is a big or a fledgling business. Business trips require us to carry a lot of important data with us, which makes it rather important for us to be smart with our data.
Have you heard of the leadership of Sarah Josepha Hale? Actually, have you even heard of Sarah before? If you are like me, you might have known about her, but couldn’t remember her name. And, until recently, I wasn’t aware of her many achievements
If you are under 50 (or probably 55) you won’t remember Friday, November 22, 1963, but I’m sure by now you’ve heard many stories about the Kennedy Assassination. I was 10 and remember it very well. I was in the 5th grade at the Prospect School in Beverly, Massachusetts and Miss Maskell, my teacher, was called out of the classroom. She was gone quite a while.
Of course I’m not serious, no one should ever think of spanking underperformers. But wait, someone did. What were they thinking? Don’t they have any common sense?
I was recently intrigued with a few things I learned from Lorne Michaels and Willie Nelson. From Michaels I learned leadership lessons and from Nelson I learned a life lesson.