“The first bowl of porridge was too hot. The second bowl of porridge was too cold. But the third bowl of porridge was just right…”
The tale Goldilocks and the Three Bears is well known to most of us from childhood. But what can it tell us about procurement in supply chain management?
According to Christopher Craighead, Rothkopf Professor and Associate Professor of Supply Chain Management at Penn State’s Smeal College of Business,» Read More
Supply Chains have taken on a renewed strategic importance. Technology has opened a world of procurement, manufacturing, and transportation options requiring advanced levels of decision making from Supply Chain leaders. Companies are beginning to value attributes like agility or long-term sustainability over cost per unit produced and firms are rethinking how to measure success in a supply chain. Those leaders who reach beyond individual silos to seek answers that strengthen the entire chain are achieving better overall efficiency for their customers.» Read More
As a part of University of Michigan’s course on Practicing Positive Leadership, Dr. Kim Cameron shares how you can re-train your brain and go a step further to unlock the potential of your organization. Studies show that positive leaders live longer, earn more money, and elevate the performance of their teams. Take the first step in becoming a positively energizing leader today.» Read More
The demands and pressures on today’s supply chains are greater than ever. Ensuring a secure, efficient end-to-end supply chain has become mission-critical across many industries. At the same time there’s a huge gap in available talent, with the demand for professionals now exceeding the talent pool by 6 to 1. How will supply chain leaders rise to the occasion?
Steve Tracey recently addressed this challenge in an expert webinar, Achieving End-to-End Supply Chain Excellence.» Read More
This past Easter weekend I witnessed an extraordinary performance at Philadelphia’s Kimmel Center for the Performing Arts: conductor Yannick Nézet-Séguin led the Philadelphia Orchestra in Bach’s Passion According to St. Matthew. The piece has only been performed a handful of times in the city over the past 30 years, and once the concert started I realized why. It calls for resources on an enormous scale: two orchestras and two choirs, flanked by an array of vocal soloists and specialized instrumentalists.» Read More
In a recent meeting with a group of managers at a large telecommunications organization, one employee commented that he always felt like he knew good leadership when he saw it and tried to emulate it. However, it wasn’t until taking the Positive Leadership course I teach that he realized he had a hard time defining those positive practices, because he did not have the vocabulary to describe good leadership.» Read More
Stress is bad for you. Everyone from executive coaches, to doctors, to writers of popular magazine articles, and from the American Psychological Association to the World Health Organization, can tell you that. And if you don’t reduce your stress, it will eventually kill you.
Right? Well… it’s not the whole story.
Shawn Achor studies happiness for a living. He also studies stress. (He’s a former Harvard lecturer on positive psychology, and the New York Times bestselling author of The Happiness Advantage.) While Achor agrees that stress has been proven to be damaging to both mind and body,» Read More
The challenges facing supply chain leaders in today’s highly connected and networked global economy have never been greater. Companies rely increasingly on raw materials that are in short supply, and work with suppliers in locations where stakeholders have a major impact on access and production.
There are potential pitfalls for supply chain leaders at every turn: community protests in one country may cause project delays, creating costly cascade effects on the supply chain overall.» Read More
Research has shown that our negative experiences tend to overwhelm the positive ones, leading us to over-focus on problems. How can you fight this bias toward negativity to become a better leader and build a stronger organization?
Kim Cameron, a professor of management and organizations in the Ross School of Business at the University of Michigan, and the author of Positive Leadership and Practicing Positive Leadership,» Read More
Successfully managing business change can sometimes seem as unattainable as managing a teenager, says Sue Todd, Chief Strategy Officer for CorpU. As with your teenage son or daughter, you can try to teach, or lead by example; find out who’s influencing behavior; adapt to the unexpected; and keep an open mind. But good luck feeling like you’re actually in control.
Back when the world moved more slowly, says Todd, we had at least the illusion of managing change.» Read More
Mattress Firm’s King-Sized Acquisition: How CEO Steve Stagner is managing massive organizational change
CorpU recently talked with Steve Stagner, the CEO of Mattress Firm, the leading specialty retailer of mattresses and related products in the US. In September 2014, Mattress Firm went through an eye-opening transformation when it acquired Sleep Train, increasing its business size dramatically by 20%.
But Stagner isn’t losing sleep over it. He reports that one of the tools he’s using to successfully manage the process is CorpU’s course Leading Breakthrough Change,» Read More
One evening I happened to catch a few minutes of The Daily Show with Starbucks CEO Howard Schultz as a guest. He talked about the company’s new initiative to offer Starbucks employees free college tuition through Arizona State University’s online program. (Apparently about 70% of the company’s employees don’t have a college degree.) The workers who enrolled would not be required to repay or even to stay with the company upon graduation.» Read More
“Our most commonly-held formula for success is broken,” says Shawn Achor, former Harvard instructor and New York Times-bestselling author of The Happiness Advantage. Achor explains that success doesn’t fuel happiness. It’s the other way around: being happy leads to success. And you can actually train your brain to be happy.
Download the infographic to find out more. Achor provides many simple techniques that you and your employees can apply immediately to raise happiness levels and significantly boost organizational performance.» Read More
Studies show employee engagement isn’t just “nice to have”, but yields measurable outcomes
If you’re like most executives you’ve heard plenty of talk about how to get your employees to feel happy and engaged in their work. While it sounds like a nice thing to do, you may be thinking, “Hey, I’m not a mean person or anything, but spending time and effort on things like employee engagement and positive leadership is a luxury my division can’t afford.» Read More
They might simply be, well, nuts. Or, according to Dr. Keith Ablow—a psychiatrist and frequent contributor to the New York Times— they may be experiencing something called “reflex denial”: they have trouble believing that a rare, highly dramatic event could actually be happening to them.
Sue Todd finds the reflex denial phenomenon an apt metaphor for the way leaders shut their eyes to the increasingly breakneck speed of business change.» Read More
When Gary Hamel wrote “Moon Shots for Management” for the February 2009 Harvard Business Review, it seemed like it would be a “shot heard ‘round the world” for business, according to Sue Todd, Chief Strategy Officer for CorpU. But why, Todd wonders, hasn’t it had more effect?
According to Todd, Hamel (who was recently ranked by The Wall Street Journal as the world’s most influential business thinker) outlined work by a team of business leaders and academicians in which they “created a roster of make-or-break challenges—management moon shots—that would focus the energies of management innovators everywhere.”
One imagines,» Read More
Transportation costs represent a huge chunk of total supply chain costs. In fact, 60% of every supply chain dollar is spent on transportation. And expenses can increase even in a sluggish economy because of market and regulatory pressures. As a supply chain professional you’re probably all too familiar with this type of situation. But how do you successfully explain it to your boss?
Communicating strategically about supply chain issues with higher-ups—whether a direct supervisor,» Read More
As companies prepare the top, middle and bottom layers of managers to face a VUCA world—a world that is volatile, uncertain, complex, and ambiguous—there’s a crisis brewing in corporate leadership development. So says Sue Todd, Chief Strategy Officer for CorpU and an expert on leadership best practices.
Todd outlines some challenges faced by senior executives, HR officers, and talent management leaders as they try to build “ready now” leaders to steer 21st-century organizations.» Read More
Business and management guru Ram Charan commented in a recent HBR article that it’s time for companies to split the HR function in two. One HR leader would focus on leadership and organization—and report directly to the CEO—and the other would manage things like compensation and benefits.
This trend is arising in response to widespread CEO frustration over what the HR function actually constitutes. Many CEOs want their Chief Human Resource Officer (CHRO) to serve as a trusted advisor and a link to the organization’s numbers,» Read More