Tag Archives: Consulting

5 Reasons Every Company Needs an Innovation Coach

5 Reasons Why Every Company Needs an Innovation Coach

Innovation is not a solo activity (and neither is my favorite sport to coach – basketball). And while the rare lone genius may be able to invent something on their own (although still always inspired by others), nobody can innovate by themselves. Innovation, by its very nature, requires collaboration. Companies are like brains. The brain is composed of two hemispheres. ...

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Entrepreneurs Live in the Future

If you want to grow, don’t be what you are. Be what you aspire to be. Entrepreneurs live in the future. If you expect to innovate and grow, you have to. But if you’re growing a business, the vast majority of your time is likely spent on countless tedious tasks in the present. So, how do you keep your eye ...

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Why Limit Yourself?

Why Limit Yourself?

When consulting with clients in this Memphis area, we often have to deliver the bad news first. This bitter pill usually comes in the form of a Sunset Analysis that details when the client’s once market-leading products will be costing more to keep in production than generating revenue.

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Artificial Intelligence and the Consulting Industry

Artificial Intelligence and the Consulting Industry

The same technologies that have led to the growth of consulting companies over the last couple of decades, will begin to lead to a shrinking of those same consulting firms. The increasing diversification of the large global consultancies into other specialties is the first step to what is an inevitable shrinkage forced upon the industry by three factors.

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Consulting Industry Caught in the Crossfire

Consulting Industry Caught in the Crossfire

The worlds of employment and business are becoming increasingly turbulent as the stability of the enterprise grows ever shorter, the loyalty of the enterprise to its people faces extinction, and the wealthy countries of the world stand at a precipice of overhanging debt. Increasingly intelligent digital technologies and mercurial customer expectations threaten both people and enterprise at every turn.

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Innovation needs all 3 levels of support, so what happens if you miss one?

The words creativity and innovation are often used interchangeably. For my doctoral dissertation, I had to spend time defining them and reached the following definition of (and relationship between) the two words. Creativity is an individual function. It is the cognitive ability to transcend traditional ideas, rules, patterns, and create meaningful and original ideas.

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Let’s Start a Change Revolution

Start a Change Revolution

Some people would argue that the pace of change is outstripping our ability as humans to cope with all of the changes we are being expected to absorb. I would argue that we are in the middle of a period of discontinuity thrust upon us by the rapid advances in computing and mobile connectivity that have put a supercomputer in everyone’s pocket and a target on most companies’ backs. Because...

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Building Firm Value with Thought Leadership

While most consulting firms spring to life and find early success because of the strength of their thought leadership, in general, over time most consulting firms tend to under-invest in thought leadership and as a consequence they find themselves vulnerable to new entrants nibbling around the edges of their core business and see their growth slow and eventually turn negative.

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