Indra Nooyi, PepsiCo Chairman and CEO. Doug McMillon, Walmart President and CEO. Two of the most powerful CEOs in the world.
Disruptive Innovation Explained
Clay Christensen, Harvard Business School professor discusses his landmark theory.
- “The reason why it is so difficult for existing firms to capitalize on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.” ~ Clayton Christensen
- “A disruptive innovation is a technologically simple innovation in the form of a product, service, or business model that takes root in a tier of the market that is unattractive to the established leaders in an industry.” ~ Clayton Christensen
- “Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.” ~ Dale Carnegie
- “The evolving social and digital media platforms and highly innovative and relevant payment capabilities are causing seismic changes in consumer behavior and creating equally disruptive opportunities for business.” ~ Howard Schultz
- “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” ~ Charles Darwin
- “When something is important enough, you do it even if the odds are not in your favor.” ~ Elon Musk
- “I don’t feel that this concept of disruptive technology is the solution for everybody. But I think it’s very important for innovators to understand what we’ve learned about established companies’ motivation to target obvious profitable markets – and about their inability to find emerging ones. The evidence is just overwhelming.” ~ Clayton Christensen
- “Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while. That’s because they were able to connect experiences they’ve had and synthesize new things. And the reason they were able to do that was that they’ve had more experiences or they have thought more about their experiences than other people.” ~ Steve Jobs
Mark Cuban: How I Became a Billionaire.
Fantastic video about how Mark Cuban became the person he is. Bloomberg Game Changers profiles Dallas Mavericks’ owner Mark Cuban. Mark Cuban is most known from being the dynamic owner of the Dallas Mavericks’ Basketball and his appearances on the television show series Shark Tank.
Mark Cuban Quotes:
A great assortment of Mark Cuban quotes. He has some great advice.
- “Work like there is someone working 24 hours a day to take it all away from you.” ~ Mark Cuban
- “What I’ve learned is that if you really want to be successful at something, you’ll find that you put the time in. You won’t just ask somebody if it’s a good idea, you’ll go figure out if it’s a good idea.” ~ Mark Cuban
- “A sure sign of failure for a startup is when someone sends me logo-embroidered polo shirts. If your people are at shows and in public, it’s okay to buy for your own employees, but if you really think people are going to wear your branded polo when they’re out and about, you are mistaken and have no idea how to spend your money.” ~ Mark Cuban
- “When you’ve got 10,000 people trying to do the same thing, why would you want to be number 10,001?” ~ Mark Cuban
- “Open offices keep everyone in tune with what is going on and keep the energy up. If an employee is about privacy, show him or her how to use the lock on the bathroom.” ~ Mark Cuban
- “It is so much easier to be nice, to be respectful, to put yourself in your customers’ shoes and try to understand how you might help them before they ask for help, than it is to try to mend a broken customer relationship.” ~ Mark Cuban
- “You’ve gotta be differentiated and unique. You’ve gotta know what your core competency is and be great at it.” ~ Mark Cuban Quotes
- “It doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you because all that matters in business is that you get it right once. Then everyone can tell you how lucky you are.” ~ Mark Cuban
Supply Chain Information and Resources
We will be adding much more to this blog as we go along. This includes various resources to find supply chain information very easily.
Two websites that aggregate great supply chain resources include:
Here is a LinkedIn Group that has approximately 100,000 members. It is a great place to find information and ask supply chain questions:
Here is a Supply Chain Facebook group. Would recommend the LinkedIn group for discussion but for those die hard Facebook fans this group has about 11,000 members.
Below you will find a huge assortment of videos on a variety of topics:
- Leadership 1 Videos
- Leadership 2 Videos
- Logistics 1 Videos
- Logistcs 2 Videos
- Manufacturing 1 Videos
- Manufacturing 2 Videos
- Supply Chain1 Videos
- Supply Chain2 Videos
If you look at companies like Dell and Apple they are great at managing their inventory. Steve Jobs (former CEO of Apple) brought in Tim Cook (current CEO of Apple) to improve the Apple Supply_Chain. Tim Cook great improved inventory turns.
- “Every breakthrough business idea begins with solving a common problem. The bigger the problem, the bigger the opportunity. I discovered a big one when I took apart an IBM PC. I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts.” ~ Michael Dell
- “Gentlemen, the officer who doesn’t know his communications and supply as well as his tactics is totally useless.” ~ General George S. Patton
- “Leaders win through logistics. Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics.” ~ Tom Peters
- “All we are doing is looking at the time line, from the moment the customer gives us an order to the point when we collect the cash. And we are reducing the time line by reducing the non-value adding wastes.” ~ Taiichi Ohno, father of the Toyota Production System
Tim Cook is the current CEO of Apple. Would encourage people to research Tim Cook and what he did to make Apple’s supply_chain one of the best in the world.
Sam Walton did amazing things with the Walmart supply_chain. Much of it was done out of necessity because when Walmart first started out they were in rural areas and small towns. “Made in America” is a great book by Sam Walton. A good read for anyone interested in retail a well as supply_chain.
Supply Chain Optimization
Supply Chain Optimization is key in making a supply chain organization more efficient and productive. A company can use technology for optimization but don’t forget to improve processes as well. Using technology to optimize processes may take awhile and will cost a significant amount of money. Be sure to first look into ways to improve the current process by taking out wasted steps. Also look into the process discipline of the organization so the information going into your supply chain system can be fully utilized for your supply chain optimization projects.
Supply Chain Optimization Quotes
- “The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” ~ Bill Gates, founder and former CEO of Microsoft
- “In many cases, jobs that used to be done by people are going to be able to be done through automation. I don’t have an answer to that. That’s one of the more perplexing problems of society.” ~ John Sculley, former CEO of Apple Computers
- “For the blue-collar worker, the driving force behind change was factory automation using programmable machine tools. For the office worker, it’s office automation using computer technology: enterprise-resource-planning systems, groupware, intranets, extranets, expert systems, the Web, and e-commerce.” ~ Tom Peters
- “SpaceX is only 12 years old now. Between now and 2040, the company’s lifespan will have tripled. If we have linear improvement in technology, as opposed to logarithmic, then we should have a significant base on Mars, perhaps with thousands or tens of thousands of people.” ~ Elon Musk
- “The human being is a very poorly designed machine tool. The human being excels in coordination. He excels in relating perception to action. He works best if the entire human being, muscles, senses, and mind, is engaged in the work.”
~ Peter F. Drucker
- “Excellent firms don’t believe in excellence – only in constant improvement and constant change.” ~ Tom Peters
- “In Japan, a company worker’s position is secure. He is retrained for another job if his present job is eliminated by productivity improvement. W. Edwards Deming
- “I have a great respect for incremental improvement, and I’ve done that sort of thing in my life, but I’ve always been attracted to the more revolutionary changes. I don’t know why. Because they’re harder. They’re much more stressful emotionally. And you usually go through a period where everybody tells you that you’ve completely failed.” ~ Steve Jobs, co-founder and former CEO of Apple Computers
- “There might be new technology, but technological progress itself was nothing new – and over the years it had not destroyed jobs, but created them.” ~ Margaret Thatcher
- “Automation provides us with wondrous increases of production and information, but does it tell us what to do with the men the machines displace? Modern industry gives us the capacity for unparalleled wealth – but where is our capacity to make that wealth meaningful to the poor of every nation?” ~ Robert Kennedy
- “Computers are magnificent tools for the realization of our dreams, but no machine can replace the human spark of spirit, compassion, love, and understanding.” ~ Louis Gerstner, fromer CEO of IBM
Leadership Language: MLK’s Letter from Birmingham Jail
McCombs Management Professor James Fredrickson has been using Martin Luther King, Jr.s Letter from a Birmingham Jail in his MBA Art of Leadership class for many years.
Martin Luther King Jr. Quotes
- “We must develop and maintain the capacity to forgive. He who is devoid of the power to forgive is devoid of the power to love. There is some good in the worst of us and some evil in the best of us. When we discover this, we are less prone to hate our enemies.” ~ Martin Luther King Jr.
- “Science investigates; religion interprets. Science gives man knowledge, which is power; religion gives man wisdom, which is control. Science deals mainly with facts; religion deals mainly with values. The two are not rivals.” ~ Martin Luther King Jr.
- “Those who are not looking for happiness are the most likely to find it, because those who are searching forget that the surest way to be happy is to seek happiness for others.” ~ Martin Luther King Jr.
- “Everybody can be great … because anybody can serve. You don’t have to have a college degree to serve. You don’t have to make your subject and verb agree to serve. You only need a heart full of grace. A soul generated by love.” ~ Martin Luther King Jr.
Programming your mind for success
Success Quotes – Programming your mind for success
- “I cannot give you the formula for success, but I can give you the formula for failure which is: Try to please everybody.” ~ Herbert B. Swope
- “The best years of your life are the ones in which you decide your problems are your own. You do not blame them on your mother, the ecology, or the president. You realize that you control your own destiny.” ~ Albert Ellis
- “Success means doing the best we can with what we have. Success is the doing, not the getting; in the trying, not the triumph. Success is a personal standard, reaching for the highest that is in us, becoming all that we can be.” ~ Zig Ziglar
- “There are two types of people who will tell you that you cannot make a difference in this world: those who are afraid to try and those who are afraid you will succeed.” ~ Ray Goforth
- “Action is the foundational key to all success.” ~ Pablo Picasso
- “Nothing in the world can take the place of perseverance. Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost legendary. Education will not; the world is full of educated derelicts. Perseverance and determination alone are omnipotent.” ~ Calvin Coolidge
- “Take up one idea. Make that one idea your life – think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success, that is way great spiritual giants are produced.” ~ Swami Vivekananda
- “You have to learn the rules of the game. And then you have to play better than anyone else.” ~ Albert Einstein
- “People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy.” ~ Tony Robbins