My father owned and managed a plumbing and heating contracting business in Montreal for forty years. The knowledge of how to operate a successful business was one of the many life skills he gave me. Most importantly, he provided me with a leadership model that has served me well in business.
Wear the Attire of […]
The 21st Century is one of abundant opportunity driven by a pace of change never experienced in history. It is the Industrial Revolution on steroids. CEOs often ask me “Where is my organization’s future?” Entrepreneurs ask “Where will I find the Next Big, Big, Big, Thing?” Young people want to know “Which industry will provide […]
Review by Eamon Hoey
I recently reread Friedman’s book “Free to Choose”. I concluded governments in capitalist countries like their communist counterparts have been slow in dismantling socialist practices that grew uncontrollably in the 20th Century. Canada’s Brian Mulroney and Britain’s Thatcher made progress at containing Government growth. Since then Governments have turned on the […]
In “Why Companies Choose to Fail”, we indicated that the decline and eventual failure of a leading corporation is a long term process that occurs in phases http://www.eamonhoey.com/?p=476 . A company walks down the performance ladder in successive steps. Key indicators signal that a company has become a “stumbling star”.
Key Indicators to Help […]
Why do companies fail? There are lots of excuses offered by former Leaders of failed companies: A bad economy is high on the list, excessive demands by unions, foreign competition, competitors who price below cost, irrational investors, a strong dollar that killed exports, and events beyond the company’s control. My intensive study of corporate failure […]
Many companies continue to operate as though it was 1960 when there was much less competition and product choice, customers were abundant, what you put on the shelf sold, you could get away with selling shoddy products, and provide inferior after sale service. The internet has created a new business environment and destroyed the old. […]
Railroads in the mid-19th Century brought economic prosperity to Canadian communities. In the 20th Century, electricity, telephone, and paved roads were the engines of community wealth creation. A Community’s well-being in the 21st Century will depend on embracing the enabler of the knowledge economy, ubiquitous ultra-broadband Fibre-to-the-Premise (FTTP). The major cable and telephone companies, Telecom […]
During the last three decades Chinese, Indian, and Korean manufacturers became major providers of low-cost and low priced goods, and rivals to North American manufacturers. Their competitive advantage was derived from low cost labour. In response, North American organizations focused on cost management and process excellence. Management’s 90’s religion was Six Sigma, process improvement, right […]
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