A business enterprise will survive only when it can generate margins that will not just cover its costs, maintain a buffer to cover risks, and produce a surplus for growth. Competitiveness is not be achieved by cutting costs alone. It is an outcome of vision,...
Silos develop in organizations. Public and private organizations require teams to perform individual, often specialized tasks with expertise and efficiency. Organizations are therefore divided into units. Each unit has a hierarchy with a leader responsible for...
Transformation projects can be complex and challenging, and many can fail for various reasons. Some of the major reasons for the failure of business transformation projects include the following: Lack of clear goals and objectives: A lack of clear, well-defined goals...
Paul Graham, the co-Founder of Y Combinator, advised Brian Chesky and Gebbia, the initial two founders of Airbnb, to focus on the customer. The advice led to Chesky undertaking frequent visits with Airbnb’s early hosts, mostly based in New York. Remember Chesky...
Organizational change is required to meet new customer needs. Climate change drove the world towards adopting green technologies. It led to the development of green transport solutions like electric cars, trucks, trains, and planes. But we know that change makes...