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	<title>Strategy and Development</title>
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		<title>Strategy and Development</title>
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		<item>
		<title>At Zappos, Culture Pays (S+B)</title>
		<link>http://strategyanddevelopment.wordpress.com/2010/10/02/at-zappos-culture-pays-sb/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2010/10/02/at-zappos-culture-pays-sb/#comments</comments>
		<pubDate>Sat, 02 Oct 2010 18:44:44 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Best practices]]></category>
		<category><![CDATA[Century XXI Corporation]]></category>
		<category><![CDATA[Culture]]></category>
		<category><![CDATA[Leadership]]></category>

		<guid isPermaLink="false">http://strategyanddevelopment.wordpress.com/?p=74</guid>
		<description><![CDATA[Zappos began selling shoes and other products online in 1999, became profitable four years later (the beginning of a still-unbroken run of annual earnings gains) and reached more than US$1 billion in sales by 2009. That was a big year for Zappos in other ways as well. The company was rewarded with Business Week’s Customer [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=74&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Zappos began selling shoes and other products online in 1999, became  profitable four years later (the beginning of a still-unbroken run of  annual earnings gains) and reached more than US$1 billion in sales by  2009. That was a big year for Zappos in other ways as well. The company  was rewarded with <em>Business Week</em>’s Customer Service Champ designation, inclusion on <em>Fortune</em>’s  list of the 100 Best Companies to Work For, and an A+ rating by the  Better Business Bureau. Also in 2009, Amazon purchased Zappos for 10  million Amazon shares, worth almost $928 million at the time. Zappos’  employees divvied up $40 million in cash and restricted stock and were  given assurances that the Zappos management would remain in place.</p>
<p><a href="http://www.strategy-business.com/article/10311?gko=c784e"><img class="aligncenter size-medium wp-image-75" title="Zappos" src="http://strategyanddevelopment.files.wordpress.com/2010/10/zappos.png?w=300&#038;h=170" alt="" width="300" height="170" /></a></p>
<p>At the top of the list of Zappos’ values is “Deliver WOW through  service.” In fact, Zappos describes itself as a service company that  happens to sell shoes and other products. This value is reflected in  such niceties as a 365-day return policy with free shipping both ways,  24/7 customer phone lines, live online help, and customer product  ratings — none of which is all that weird. But things do become, if not  weirder, then at least different, when seen from the perspective of  Aaron Magness, Zappos’ director of business development and brand  marketing. He told me, “I read about how Zappos is focused on customer  service. It isn’t. It’s focused on company culture, which leads to  customer service. We don’t talk about customer service; we allow it to  happen on its own by having the right people.”</p>
<p><a href="http://www.strategy-business.com/article/10311?gko=c784e">article here</a></p>
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			<media:title type="html">accelum</media:title>
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			<media:title type="html">Zappos</media:title>
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		<item>
		<title>Companies that Innovate Collectively (BW)</title>
		<link>http://strategyanddevelopment.wordpress.com/2010/09/10/companies-that-innovate-collectively-bw/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2010/09/10/companies-that-innovate-collectively-bw/#comments</comments>
		<pubDate>Fri, 10 Sep 2010 13:15:27 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Innovation 2.0]]></category>

		<guid isPermaLink="false">http://strategyanddevelopment.wordpress.com/?p=70</guid>
		<description><![CDATA[You can never predict who might have a good idea. That&#8217;s why companies are starting to enlist employees to make innovations both big and small, even if it&#8217;s not part of their job description. The idea of crowdsourcing—outsourcing a task to a group of people outside the company—has taken hold in the last few years. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=70&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<h2><a href="http://images.businessweek.com/ss/10/09/0908_ceo_guide_to_tech/index.htm"><img class="aligncenter size-medium wp-image-71" title="Innovation BW" src="http://strategyanddevelopment.files.wordpress.com/2010/09/innovation-bw.png?w=300&#038;h=194" alt="" width="300" height="194" /></a></h2>
<p>You can never predict who might have a good idea. That&#8217;s why companies are starting to enlist employees to make innovations both big and small, even if it&#8217;s not part of their job description. The idea of crowdsourcing—outsourcing a task to a group of people outside the company—has taken hold in the last few years. Some companies also turn to customers, suppliers, and the public at-large for innovative ideas. What about capitalizing on the knowledge of workers inside the company to solve problems or generate ideas?</p>
<p><a href="http://images.businessweek.com/ss/10/09/0908_ceo_guide_to_tech/index.htm" target="_blank">article</a></p>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">accelum</media:title>
		</media:content>

		<media:content url="http://strategyanddevelopment.files.wordpress.com/2010/09/innovation-bw.png?w=300" medium="image">
			<media:title type="html">Innovation BW</media:title>
		</media:content>
	</item>
		<item>
		<title>Ten Signs of a Fear-Based Workplace (BW)</title>
		<link>http://strategyanddevelopment.wordpress.com/2010/07/22/ten-signs-of-a-fear-based-workplace-bw/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2010/07/22/ten-signs-of-a-fear-based-workplace-bw/#comments</comments>
		<pubDate>Thu, 22 Jul 2010 03:55:58 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Climate]]></category>

		<guid isPermaLink="false">http://strategyanddevelopment.wordpress.com/?p=67</guid>
		<description><![CDATA[1. Appearances are everything. When employees are preoccupied with staying in the office later in the evening than the boss does, fear is king. When people worry less about the quality of their work than about how they&#8217;re perceived by managers higher up the chain, you&#8217;ve got fear. 2. Everyone one is talking about who&#8217;s [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=67&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<blockquote cite="http://www.businessweek.com/managing/content/jul2010/ca2010078_954479.htm?link_position=link2"><p><strong>1. Appearances are everything.</strong> When employees are preoccupied with staying in the office later in the evening than the boss does, fear is king. When people worry less about the quality of their work than about how they&#8217;re perceived by managers higher up the chain, you&#8217;ve got fear.</p>
<p><strong>2. Everyone one is talking about who&#8217;s rising</strong> and who&#8217;s falling. When a daily focus of office conversation is the discussion of whose stock is rising and whose is falling in the company&#8217;s internal stock index, you&#8217;ve got a fear infestation. A preoccupation with status and political capital is a sure sign that stakeholders&#8217; best interests have taken a back seat to me-first, fear-based behaviors.</p>
<p><strong>3. Distrust reigns.</strong> Would this be your knife in my back? When your employees have to stop and ask themselves, &#8220;Is it safe to tell Marybeth my idea?&#8221; you have a fear problem in your organization. Workplaces where people steal one another&#8217;s intellectual capital are places where trust is subordinate to fear (if trust exists at all). If your business is one where backstabbers thrive, ditto. In a healthier shop, people would be comfortable rising up in protest against a backstabbing colleague, and the paradigm &#8220;I win when you lose&#8221; would be quickly nipped in the bud.</p>
<p><a href="http://www.businessweek.com/managing/content/jul2010/ca2010078_954479.htm?link_position=link2">continue reading here</a></p></blockquote>
<p class="citation"><cite></cite></p>
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			<media:title type="html">accelum</media:title>
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		<item>
		<title>Golden Age for Small Business (Open Forum)</title>
		<link>http://strategyanddevelopment.wordpress.com/2010/07/01/golden-age-for-small-business-open-forum/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2010/07/01/golden-age-for-small-business-open-forum/#comments</comments>
		<pubDate>Thu, 01 Jul 2010 01:24:30 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>

		<guid isPermaLink="false">http://strategyanddevelopment.wordpress.com/?p=62</guid>
		<description><![CDATA[“I think this is the best of all times to be a small business”, says Chris Anderson, editor-in-chief of Wired Magazine. Here, Anderson explains to Seth Godin the various benefits of the current economy. Link<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=62&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.openforum.com/idea-hub/topics/innovation/video/golden-age-for-small-business-inside-the-entrepreneurial-mind"><img class="aligncenter size-medium wp-image-63" title="Golden Age for Small Business" src="http://strategyanddevelopment.files.wordpress.com/2010/07/golden-age-for-small-business.png?w=300&#038;h=169" alt="" width="300" height="169" /></a></p>
<p>“I think this is the best of all times to be a small business”,  says Chris Anderson, editor-in-chief of Wired Magazine. Here, Anderson  explains  to Seth Godin the various benefits of the current economy.</p>
<p><a href="http://www.openforum.com/idea-hub/topics/innovation/video/golden-age-for-small-business-inside-the-entrepreneurial-mind">Link</a></p>
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			<media:title type="html">accelum</media:title>
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			<media:title type="html">Golden Age for Small Business</media:title>
		</media:content>
	</item>
		<item>
		<title>7 Key Turning Points That Made Apple No. 1 (Wired)</title>
		<link>http://strategyanddevelopment.wordpress.com/2010/05/27/7-key-turning-points-that-made-apple-no-1-wired/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2010/05/27/7-key-turning-points-that-made-apple-no-1-wired/#comments</comments>
		<pubDate>Thu, 27 May 2010 13:37:04 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Innovation]]></category>

		<guid isPermaLink="false">http://strategyanddevelopment.wordpress.com/?p=58</guid>
		<description><![CDATA[iPad, 2010 Apple created a new device category when it unleashed the iPad in 2010: a tablet device that sits somewhere between a smartphone and computer. It wasn’t clear whether anyone really needed one of these things, but they were certainly attractive. The 9.7-inch touchscreen device runs the same intuitive operating system as the iPhone, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=58&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<blockquote cite="http://www.wired.com/gadgetlab/2010/05/apple-gallery/7/">
<h2><a href="http://www.wired.com/gadgetlab/2010/05/apple-gallery/7/" target="_blank"><img class="aligncenter size-medium wp-image-59" title="IPAD" src="http://strategyanddevelopment.files.wordpress.com/2010/05/ipad.png?w=267&#038;h=300" alt="" width="267" height="300" /></a></h2>
<h2>iPad, 2010</h2>
<p>Apple created a new device category when it unleashed the iPad in 2010: a tablet device that sits somewhere between a smartphone and computer. It wasn’t clear whether anyone really needed one of these things, but they were certainly attractive. The 9.7-inch touchscreen device runs the same intuitive operating system as the iPhone, making the iPad the first computer that Luddites and nerds can equally enjoy. While the jury’s still out on the tablet’s long-term viability, Apple has been selling 200,000 iPads each week, which is more than the number of Macs it sells in the same period.</p></blockquote>
<p class="citation"><cite></cite></p>
<p><a href="http://www.wired.com/gadgetlab/2010/05/apple-gallery/7/">Link here</a></p>
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		<title>The 25 Most Innovative Companies 2010 (Business Week)</title>
		<link>http://strategyanddevelopment.wordpress.com/2010/05/09/the-25-most-innovative-companies-2010-business-week/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2010/05/09/the-25-most-innovative-companies-2010-business-week/#comments</comments>
		<pubDate>Sun, 09 May 2010 16:01:22 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Innovation]]></category>

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		<description><![CDATA[No. 15: Volkswagen The German automaker showed off its green credentials at the Los Angeles auto show in December with its Up! Lite. The 70-mile-per-gallon, aluminum-and-carbon fiber car can cruise at up to 100 mph. Meantime, its Audi unit is gaining in the luxury-car market. Slideshow<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=54&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<blockquote cite="http://images.businessweek.com/ss/10/04/0415_most_innovative_companies/12.htm">
<h2><a title="No. 15: Volkswagen" href="http://images.businessweek.com/ss/10/04/0415_most_innovative_companies/12.htm"><img src="http://images.businessweek.com/ss/10/04/0415_most_innovative_companies/image/015_vw.jpg" border="0" alt="No. 15: Volkswagen" width="244" height="142" /></a></h2>
<h2>No. 15: Volkswagen</h2>
<p>The German automaker showed off its green credentials at the Los Angeles auto show in December with its Up! Lite. The 70-mile-per-gallon, aluminum-and-carbon fiber car can cruise at up to 100 mph. Meantime, its Audi unit is gaining in the luxury-car market.</p></blockquote>
<p class="citation"><cite></cite></p>
<p><a href="http://images.businessweek.com/ss/10/04/0415_most_innovative_companies/index.htm">Slideshow</a></p>
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			<media:title type="html">No. 15: Volkswagen</media:title>
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		<title>Exploiting Chaos-and Celebrating Failure (BusinessWeek)</title>
		<link>http://strategyanddevelopment.wordpress.com/2009/09/10/exploiting-chaos-and-celebrating-failure-businessweek/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2009/09/10/exploiting-chaos-and-celebrating-failure-businessweek/#comments</comments>
		<pubDate>Thu, 10 Sep 2009 00:55:03 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Innovation]]></category>

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		<description><![CDATA[Posted by: Jessie Scanlon on September 08 In the run-up to President Obama’s speech to school children, NPR’s “Talk of the Nation” hosted a conversation with two high school principals. Both were clearly smart, empathetic, and hardworking. But my shoulders froze when I heard one of them say, “we don’t accept failure.” Where would we [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=47&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://images.businessweek.com/ss/09/09/0909_exploiting_chaos/index.htm"><img style="border:0 none;" src="http://images.businessweek.com/ss/09/09/0909_exploiting_chaos/preview/1_gutsche.jpg" border="0" alt="" width="140" height="80" /></a></p>
<p>Posted by: Jessie Scanlon on September 08</p>
<p>In the run-up to President Obama’s speech to school children, NPR’s “Talk of the Nation” hosted a conversation with two high school principals. Both were clearly smart, empathetic, and hardworking. But my shoulders froze when I heard one of them say, “we don’t accept failure.”      Where would we be if Thomas Edison, who failed one thousand times before he invented the lightbulb, had been told that failure is unacceptable?</p>
<p>The reality is that that principal isn&#8217;t alone in his thinking. Our educational system, our culture more broadly, and yes &#8212; most corporations &#8212; demonize failure. Yet the individuals and companies that have learned to expect failure and to learn from it, are often incredibly successful.</p>
<p><a href="http://images.businessweek.com/ss/09/09/0909_exploiting_chaos/index.htm">Slide show</a></p>
<p><a title="Unlocking Cool" href="http://www.exploitingchaos.com/"><img src="http://www.exploitingchaos.com/images/VisuallySpectacular2.jpg" border="0" alt="Unlocking Cool" /></a></p>
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		<title>How Whirlpool Puts New Ideas Through the Wringer (BusinessWeek)</title>
		<link>http://strategyanddevelopment.wordpress.com/2009/08/13/how-whirlpool-puts-new-ideas-through-the-wringer-businessweek/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2009/08/13/how-whirlpool-puts-new-ideas-through-the-wringer-businessweek/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 23:36:39 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Innovation]]></category>

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		<description><![CDATA[In 1999, Whirlpool&#8217;s (WHR) then-Chief Executive David R. Whitwam set a goal: He wanted the leading maker of big-ticket appliances to be No. 1 in innovation as well. Whitwam&#8217;s pronouncement kicked off a flurry of ideas. Not all of them were sensible. &#8220;There were some wacky ones—bicycles, tennis shoes,&#8221; recalls Moises Norena, director of global [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=45&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<blockquote cite="http://www.businessweek.com/innovate/content/aug2009/id2009083_452757.htm?chan=innovation_innovation+%2B+design_innovation+strategy"><p><a title="0803_affresh.jpg" href="http://www.businessweek.com/innovate/content/aug2009/id2009083_452757.htm?chan=innovation_innovation+%2B+design_innovation+strategy"><img src="http://images.businessweek.com/story/09/370/0803_affresh.jpg" border="0" alt="0803_affresh.jpg" /></a></p></blockquote>
<blockquote cite="http://www.businessweek.com/innovate/content/aug2009/id2009083_452757.htm?chan=innovation_innovation+%2B+design_innovation+strategy"><p>In 1999, <a rel="topic" href="http://bx.businessweek.com/whirlpool-corp-whr/">Whirlpool&#8217;s</a> (<a href="http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?symbol=WHR">WHR</a>) then-Chief Executive David R. Whitwam set a goal: He wanted the leading maker of big-ticket appliances to be No. 1 in <a rel="topic" href="http://bx.businessweek.com/business-innovation/">innovation</a> as well. Whitwam&#8217;s pronouncement kicked off a flurry of ideas. Not all of them were sensible. &#8220;There were some wacky ones—bicycles, tennis shoes,&#8221; recalls Moises Norena, director of global innovation. Whirlpool needed a system to evaluate and screen ideas, advancing promising concepts and culling out those that were better forgotten.Today, the maker of such brands as Whirlpool, Maytag, and KitchenAid has formalized a process to sort through the thousands of ideas that, at any one time, are percolating up from product groups, new business development teams, and i-mentors—employees trained in innovation who have been deployed throughout the organization to identify <a rel="topic" href="http://bx.businessweek.com/product-design/">promising ideas</a>. From that first grab-bag of concepts, managers green-light several hundred for study, giving each a slice of an innovation budget that Norena ballparks at &#8220;several million dollars for North America&#8221; this year.</p>
<p><a class="aligncenter" href="http://www.businessweek.com/innovate/content/aug2009/id2009083_452757.htm?chan=innovation_innovation+%2B+design_innovation+strategy" target="_blank">Article</a></p></blockquote>
<p class="citation"><cite></cite></p>
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		<title>Starbucks Tries Some &#8220;Lean Thinking&#8221;</title>
		<link>http://strategyanddevelopment.wordpress.com/2009/08/13/starbucks-tries-some-lean-thinking/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2009/08/13/starbucks-tries-some-lean-thinking/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 23:30:07 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Continous Improvement]]></category>

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		<description><![CDATA[Starbucks is working hard to re-invent itself. It is a necessary survival technique for the coffee giant. They&#8217;re being attacked by competitors like McDonalds and Dunkin Donuts, and they&#8217;re being pummeled by the results of the economic downturn. The recession has resulted in a new thrift among consumers. So, one of the ways Starbucks is [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=43&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<blockquote cite="http://daveibsen.typepad.com/5_blogs_before_lunch/"><p><a href="http://daveibsen.typepad.com/5_blogs_before_lunch/2009/08/starbucks-tries-some-lean-thinking.html"></a></p>
<div class="entry-content">
<div class="entry-body">
<p><a style="float:right;" href="http://daveibsen.typepad.com/.a/6a00d83451db4269e20120a4d26b06970b-popup"><img class="at-xid-6a00d83451db4269e20120a4d26b06970b" style="width:200px;margin:0 0 5px 5px;" src="http://daveibsen.typepad.com/.a/6a00d83451db4269e20120a4d26b06970b-200wi" alt="Starbucks1" /></a> Starbucks is working hard to re-invent itself. It is a necessary survival technique for the coffee giant.</p>
<p>They&#8217;re being attacked by competitors like McDonalds and Dunkin Donuts, and they&#8217;re being pummeled by the results of the economic downturn. The recession has resulted in a new thrift among consumers.</p>
<p>So, one of the ways Starbucks is fighting back is through the philosophy of &#8220;lean thinking&#8221;&#8211; a manufacturing philosophy perfected by the folks at Toyota, where efficiencies are examined and implemented with the goal of maintaining the delivery of a high quality product to consumers, at a cheaper cost of manpower.</p>
<p><a class="aligncenter" href="http://daveibsen.typepad.com/5_blogs_before_lunch/2009/08/starbucks-tries-some-lean-thinking.html" target="_blank">Article</a></div>
</div>
</blockquote>
<p class="citation"><cite></cite></p>
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		<title>Leadership lessons for hard times (McKinsey Quarterly)</title>
		<link>http://strategyanddevelopment.wordpress.com/2009/08/08/leadership-lessons-for-hard-times-mckinsey-quarterly/</link>
		<comments>http://strategyanddevelopment.wordpress.com/2009/08/08/leadership-lessons-for-hard-times-mckinsey-quarterly/#comments</comments>
		<pubDate>Sat, 08 Aug 2009 03:23:50 +0000</pubDate>
		<dc:creator>accelum</dc:creator>
				<category><![CDATA[Leadership]]></category>

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		<description><![CDATA[During the current global recession, much attention has been devoted to the mistakes that sparked the financial and economic crisis, in hopes of not repeating them. Less has been given to what’s been done well amid the turmoil—to learn, for example, how best to lead a company through these tough times. To contribute to that [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=strategyanddevelopment.wordpress.com&amp;blog=7901271&amp;post=39&amp;subd=strategyanddevelopment&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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<p align="justify"><span class="cHead">During the curre</span><span class="cHead">nt global recession,</span> much attention has been devoted to the mistakes that sparked the financial and economic crisis, in hopes of not repeating them. Less has been given to what’s been done well amid the turmoil—to learn, for example, how best to lead a company through these tough times.</p>
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<p align="justify">To contribute to that understanding, we interviewed the leaders of 14 major companies (see sidebar, “Who’s who”), all seasoned CEOs or chairmen, asking them to reflect on what they felt they had learned. We were keen not to limit their comments to the current recession and therefore also asked them to consider previous challenges they had faced in a turnaround or a crisis. The companies they lead are in different industries, face different challenges, and have performed quite differently. We are attempting neither to judge their performance nor to draw up a set of rules on how to lead through tough times. Instead, what emerges from the interviews is agreement on some broad principles that can help guide behavior in the executive suite and the boardroom, as well as interactions with employees, customers, and investors.</p>
<p align="justify"><a href="http://www.mckinseyquarterly.com/Organization/Talent/Leadership_lessons_for_hard_times_2413" target="_blank">follow this link</a></p>
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