article thumbnail

The Perils of Internal Disruption (Part 2)

Markovitz Consulting

If something is “disruptive,” then it must by definition be good. Volume discounts have the same effect, by encouraging customers to order more product than they need in order to get a larger discount. It read the increased sales as a sign that consumers had started to like green cars, and ramped up production.

article thumbnail

Small Steps or Big Steps: What’s the Right Way to Begin Improvement?

Markovitz Consulting

He describes his “shock and awe” approach (my terminology) in his excellent book The Lean Turnaround , where he takes the company through several week-long kaizen events. Trying to improve productivity in a process by 25% on first try is (generally) a recipe for failure and frustration—notwithstanding Byrne’s success with that approach.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Organic Wine Finally Caught On

Harvard Business

Meanwhile, plenty of other organic products, including vegetables, milk, and tea, have become widely consumed, at least by affluent, health-conscious city dwellers. The product was perceived as more prone to spoilage since it typically lacked added sulfites. The Turnaround. Why the difference?

article thumbnail

The Decline of Yahoo in Its Own Words

Harvard Business

Plenty of theories have been put forth to explain Yahoo’s failures, as the company seeks a buyer following a failed turnaround attempt. It would be a mistake to treat the frequency with which mobile is mentioned on earnings calls as definitive proof of anything, but the data supports the narrative that Yahoo was late to mobile.

article thumbnail

10 Must Read Books for a Business Consultant

ConsultX

A one-stop turnaround plan, Conquer the Chaos lays out a complete path to make your business run smoothly and provide you with the freedom you desire. It's a manifesto for anyone who wants to help create products and services that are worth marketing in the first place. But take heart! Conquer the Chaos shows you how.

article thumbnail

MC Coach Interview: My First Year at McKinsey

Management Consulted

I spent my first day on an actual project using power tools because we were doing bottom up costing for different products. Nothing bad came of the situation, but I was definitely worried for a little bit! It’s rapid deadlines and very quick turnarounds. How long did it take before you started to feel settled in?

McKinsey 100
article thumbnail

Leaders Need Different Skills to Thrive in Tech

Harvard Business

As we began our research , we limited our definition of tech companies to those that create technology as a product or service. This definition of tech differentiates organizations like Google, Facebook or Uber, from Walmart, Toyota or The Taj Group. All of the latter use technology.

Talent 28