<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>New Lantern &#187; challenge</title>
	<atom:link href="http://newlantern.com/tag/challenge/feed/" rel="self" type="application/rss+xml" />
	<link>http://newlantern.com</link>
	<description>business innovation, art and design</description>
	<lastBuildDate>Fri, 11 May 2012 03:51:52 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=</generator>
		<item>
		<title>The Power of Competition</title>
		<link>http://newlantern.com/innovation-economy/the-power-of-competition/</link>
		<comments>http://newlantern.com/innovation-economy/the-power-of-competition/#comments</comments>
		<pubDate>Sat, 07 Apr 2012 22:46:47 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[design]]></category>
		<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[innovators]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[competition]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[innovative]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[performance]]></category>
		<category><![CDATA[success]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=5902</guid>
		<description><![CDATA[Henry Ford, the founder of Ford Motor Company, died on this day 65 years ago in Dearborn, Michigan...]]></description>
			<content:encoded><![CDATA[<p><a href="http://newlantern.com/wp-content/uploads/2012/04/Ford-logo-Copy.jpg"><img class="alignnone size-medium wp-image-5921" title="Ford Motor Company logo" src="http://newlantern.com/wp-content/uploads/2012/04/Ford-logo-Copy-300x150.jpg" alt="Ford logo Copy 300x150 The Power of Competition" width="300" height="150" /></a></p>
<p><a href="http://www.history.com/this-day-in-history/auto-pioneer-henry-ford-dies" target="_blank">Henry Ford</a>, the founder of <a href="http://ford.com" target="_blank">Ford Motor Company</a>, died on this day 65 years ago in Dearborn, Michigan.</p>
<p><a href="http://ford.com" target="_blank">Ford</a> is credited for revolutionizing factory production with his assembly-line methods. Most importantly, he helped change how people lived and where they lived by developing the Model T, the world’s first affordable, mass-produced car.</p>
<p>Ford first produced the Model T in 1908, which sold for $850, according to <a href="http://www.history.com/topics/henry-ford" target="_blank">History.com</a>. And by the time the last Model T came off the assembly line in 1927, over 15 million had been sold. However, like many corporate trailblazers, Ford’s market dominance began to wane in the 1920s when it fell behind <a href="http://gm.com" target="_blank">General Motors</a>, which was responding more quickly to consumer demand with newer models.</p>
<p>To this day, Ford still trails GM in automobiles sold annually, but only by a narrow margin. Ford’s star has risen particularly in recent years under the leadership of former Boeing executive, <a href="http://en.wikipedia.org/wiki/Alan_Mulally" target="_blank">Alan Mulally</a>, who has helped make Ford profitable despite the country’s near economic meltdown. In late 2008 and early 2009, GM took bailout money from the U.S. Government; Ford notably did not.</p>
<p>The Ford and GM 100-year rivalry is longer than any in U.S. corporate history and will surely continue. There is no better fuel for innovation than competition, and no industry better illustrates this cause and effect than the automotive industry.</p>
<p>Thanks to GM’s and Ford’s long-term rivalry – and the competitive threats from Japanese and German car brands over the last three decades – consumers have a lot to be thankful for.</p>
<p>One wonders what Henry Ford would think today if he were behind the wheel of one of Ford’s latest models, such as a <a href="http://www.ford.com/cars/fusion/" target="_blank">Ford Fusion Hybrid</a> (gas and electric), in which he could control much of the dashboard with <a href="http://www.ford.com/technology/sync/" target="_blank">voice commands</a>.</p>
<p>I bet he’d like the company that still bears his name.</p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/innovation-economy/the-power-of-competition/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Find Your Creative Place</title>
		<link>http://newlantern.com/innovation-economy/find-your-creative-place-2/</link>
		<comments>http://newlantern.com/innovation-economy/find-your-creative-place-2/#comments</comments>
		<pubDate>Sat, 31 Mar 2012 00:47:06 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[designers]]></category>
		<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[innovators]]></category>
		<category><![CDATA[management consulting]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[creative]]></category>
		<category><![CDATA[innovative]]></category>
		<category><![CDATA[inspired]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[passion]]></category>
		<category><![CDATA[performance]]></category>
		<category><![CDATA[risk-taking]]></category>
		<category><![CDATA[success]]></category>
		<category><![CDATA[talent]]></category>
		<category><![CDATA[training]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=5890</guid>
		<description><![CDATA[Do you have a creative place? It’s the place where you feel you are at your most creative and productive. It may be a bench in your favorite park, a special nook or room in your house or spot in your yard, a quiet desk at a library, a small bistro table in a busy Starbucks, or a spot at work where no one can interrupt you...]]></description>
			<content:encoded><![CDATA[<p>Do you have a creative place? It’s the place where you feel you are at your most creative and productive. It may be a bench in your favorite park, a special nook or room in your house or spot in your yard, a quiet desk at a library, a small bistro table in a busy <a href="http://starbucks.com" target="_blank">Starbucks</a>, or a spot at work where no one can interrupt you.</p>
<p>Frankly, your creative place may not be a physical location. It could be a particular state of mind. It could be a certain mood, time of day, or the type of music that you are listening to at the time. It could be something you do such as driving or walking. Or it could be any combination of the above.</p>
<p>Every employee has at least one place that focuses the mind and puts them in a more inspired state. Not a state that will necessarily lead to a nuclear fusion breakthrough, or the next generation of computer chip. But it could be a state that helps them think through a more creative presentation, design a more environmentally-friendly container, improve the profitability of a company service offering, or find a more efficient way to process expense reports.</p>
<p>A company’s challenge is to help find those places for employees where they can be more innovative. Most companies insist that employees produce results in sterile environments under rigid conditions. Ask yourself this question: if you were using your own money to fund a composer to come up with a great score for your next blockbuster movie, would you insist that he or she do it between 9 to 5 on a Tuesday in the small conference room down the hall? I don’t think so.</p>
<p>I realize that organizations may not have the flexibility or the resources to put their employees into their <em>most</em> creative physical spaces. But with a little bit of ingenuity, leadership, and guts to try something different, they could clearly get employees to a <em>better</em> place or frame of mind.</p>
<p>Let <a href="http://newlantern.com/services/" target="_blank">New Lantern</a> help your company find its creative place. It could be the beginning of a more beautiful and productive relationship between you and your employees.</p>
<p><em>(Back by popular demand, the above posting appeared originally in April 2009.)</em></p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/innovation-economy/find-your-creative-place-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Power of Losing</title>
		<link>http://newlantern.com/management-consulting/the-power-of-losing/</link>
		<comments>http://newlantern.com/management-consulting/the-power-of-losing/#comments</comments>
		<pubDate>Sat, 25 Feb 2012 17:04:29 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[management consulting]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[company]]></category>
		<category><![CDATA[competition]]></category>
		<category><![CDATA[performance]]></category>
		<category><![CDATA[success]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=5766</guid>
		<description><![CDATA[Last week, syndicated columnist Kathleen Parker wrote an op-ed entitled “The Power of Losing” about the trials and tribulations of the 2012 Presidential Campaign.  In it, she notes that the recent losses by Mitt Romney to Rick Santorum in Colorado, Minnesota, and Missouri on February 7...]]></description>
			<content:encoded><![CDATA[<p>Last week, syndicated columnist <a href="http://en.wikipedia.org/wiki/Kathleen_Parker" target="_blank">Kathleen Parker</a> wrote an op-ed entitled “<a href="http://www.stltoday.com/news/opinion/columns/kathleen-parker/kathleen-parker-the-power-of-losing/article_d4ba356b-7380-5032-9c8c-9e48b30a3015.html" target="_blank">The Power of Losing</a>” about the trials and tribulations of the 2012 Presidential campaign. In it, she notes that the recent losses by Mitt Romney to Rick Santorum in Colorado, Minnesota, and Missouri on February 7 could actually help to successfully re-focus Romney and his campaign as he seeks the Republican nomination.  </p>
<p>Parker asserts that Romney’s concession speech that evening was the best speech to date of his candidacy, saying  it “was touching and sweet and true.” She goes on to compare other major concession speeches by Presidential candidates, like Al Gore in 2000 and John Kerry in 2004, as their best speeches of their respective campaigns.  </p>
<p>Of course, Romney’s February 7 loss was but one step along the way, and not an ultimate concession for the final prize like that of Gore and Kerry. And that’s the point. Romney still has a chance to leverage that night&#8217;s loss.</p>
<p>Parker goes on to say, “The moral of the story isn&#8217;t that one must lose to win, but that one try to harness the spoils of loss for the road to victory.”</p>
<p>Clearly, we can apply this same “power of losing” concept to the business world. Whether for an individual senior executive at a company, or the company at large, there is nothing like losing to a competitor or suffering your company’s first quarterly loss to get the juices flowing.</p>
<p>But success will turn on how that executive or how that company chooses to react to that loss, and whether they are successful in summoning a renewed winning spirit to take the next hill.</p>
<p>Loss is inevitable at some point for anybody and any company.  Prepare yourself to respond to it accordingly, and turn the power of losing to your ultimate advantage.  </p>
<p>And, seek to harness the spoils of loss for your road to victory. It might just lead to a bit of “<a href="http://newlantern.com/services" target="_blank">Hail to the Chief</a>” for you and your company. </p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/management-consulting/the-power-of-losing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New is Good, Old Can Be Better</title>
		<link>http://newlantern.com/innovation-economy/new-is-good-old-can-be-better/</link>
		<comments>http://newlantern.com/innovation-economy/new-is-good-old-can-be-better/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 00:35:28 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[management consulting]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[customers]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[innovative]]></category>
		<category><![CDATA[success]]></category>
		<category><![CDATA[talent]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=5669</guid>
		<description><![CDATA[“New and Improved.”  “Newly Renovated.”  “New Leadership Team.”  “New, Faster 4G.”  “New, Better Tasting Formula.”  In today’s fast-paced frenetic world...]]></description>
			<content:encoded><![CDATA[<p>“New and Improved.”  “Newly Renovated.”  “New Leadership Team.”  “New, Faster 4G.”  “New, Better Tasting Formula.”</p>
<p>In today’s fast-paced frenetic world, the term “new” is losing its luster. Everything is “new.” Every “new” product is higher in Omega fatty acids, easier to use, more feature-rich, or is bigger than the previous model.</p>
<p>The humorous television advertisements that show a customer’s smartphone as obsolete the moment after she purchases it is not far from reality. </p>
<p>Of course “new” is not new in the world of business and marketing. For decades, businesses have been peddling their products and services as “new” in an effort to lure customers. And for decades, market research has supported this notion.</p>
<p>Yet, I may be bucking the trend here, but I’m willing to step out on a limb to say that “old” has never been better positioned to make a comeback.</p>
<p>Sure, when it comes to products, customers will likely want to shell out the most dinero for the newest versions. However, when it comes to business, there may be opportunities to embrace some of the “old” ways of doing things that could lead to greater sales, higher margins, and happier shareholders.</p>
<p>Take talent for example. Routinely, companies bring in new, fresh talent and work them hard over the first few years. This is the classic management consulting firm model. Newbies are cheaper, more apt to work longer hours, malleable, and come with less personal baggage like child care or parental care.  What’s not to like?</p>
<p>There’s a time and place for new talent in any company. However, I would argue that the best deal and greatest value these days may be with the older and more mature cohort. Cheaper is not always better.  And with personal baggage comes experience and valuable perspective. And malleable sycophants are definitely not the recipe in my book for improving your company’s productivity.</p>
<p>Companies should not simply look at employees as units of labor, but as a valuable resource that should be mined and nurtured. A team made up of at least several more mature team members is likely the team that will not repeat past mistakes.  </p>
<p>And most importantly, a team member that is willing to speak up and challenge the status quo in a constructive way – based on years of experience – is better positioned to add value to the bottom line, not take from it.</p>
<p>So look around you and embrace the old. Not every time, but when it is wise to do so. <a href="http://newlantern.com/services" target="_blank">This newfound wisdom</a> may be just the ticket for your company to compete in the new global marketplace.   </p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/innovation-economy/new-is-good-old-can-be-better/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Are You Using the Right Metrics?</title>
		<link>http://newlantern.com/management-consulting/are-you-using-the-right-metrics/</link>
		<comments>http://newlantern.com/management-consulting/are-you-using-the-right-metrics/#comments</comments>
		<pubDate>Mon, 07 Nov 2011 23:15:10 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[management consulting]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[company]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[metrics]]></category>
		<category><![CDATA[performance]]></category>
		<category><![CDATA[success]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=5467</guid>
		<description><![CDATA[Companies today live by metrics and measurements. In order to improve performance, you must first know your current baseline so that you can measure progress...]]></description>
			<content:encoded><![CDATA[<p>Companies today live by metrics and measurements. In order to improve performance, you must first know your current baseline so that you can measure progress.</p>
<p>Metrics are important in today’s highly competitive global business climate, but many senior managers can sometimes lose sight of the performance forest for the metrics trees. Corporate leaders can become too reliant over a particular set of metrics while never stopping to ask, “Are we using the right metrics?”</p>
<p>This month’s <a href="http://hbr.org/2011/11/office-depots-president-mystery-shopping-turnaround/ar/1" target="_blank"><i>Harvard Business Review</i></a> featured an article written by <a href="http://officedepot.com" target="_blank">Office Depot</a>’s President, <a href="http://www.officedepot.com/specialLinks.do?file=/companyinfo/companyfacts/officers/kevin_peters.jsp&amp;template=companyinfo" target="_blank">Kevin Peters</a>, who discovered first-hand that his company was not focusing on the right metrics to improve customer service and drive increased sales.</p>
<p>Based on his own incognito visits to 70 stores in 15 states over a several week period in 2010, Peters found out that Office Depot’s current customer metric scores were correct, but that their scoring system was not. “We were asking the wrong questions.”</p>
<p>Peters said that his company had been grading store managers and associates with questions such as: Are the floors clean? Are the bathrooms clean? Are the shelves fully stocked?</p>
<p>Based on his own field analysis and random interviews with customers, Peters felt the company should be focused more on whether a customer walks out of the store without a purchase. And if so, how could they improve the in-store experience to reduce the no-purchase rate?</p>
<p>As Peters describes the office products business, “This is not a browsing industry – people are shopping with a particular purpose in mind. If they don’t make a purchase, something has gone wrong.”</p>
<p>Customers told Peters that they care more about knowledgeable associates and smaller and easier-to-navigate stores. He also found that associates were not asking the right questions of customers. For example, instead of asking, “How are you today, and are you finding everything okay?” associates should be asking, “What can I help you find today?”</p>
<p>In response, Office Depot recently instituted a simplified sales process called “ARC” – Ask, Recommend, Close. They have also sought to shrink the size of their stores, coupled with a greater focus on the in-store experience.</p>
<p>The bottom line according to Peters is this, “If you think your company is doing well with customer service, ask yourself, ‘Am I really sure?’ Do I know what the customer experiences?”</p>
<p>Make it a point to challenge your own corporate metrics on a periodic basis to ensure you are <a href="http://newlantern.com/services" target="_blank">asking the right questions</a>. Otherwise, your company may find itself racking up some very nice scores, but taking the wrong test.</p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/management-consulting/are-you-using-the-right-metrics/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Keeping Your Cool</title>
		<link>http://newlantern.com/management-consulting/keeping-your-cool-2/</link>
		<comments>http://newlantern.com/management-consulting/keeping-your-cool-2/#comments</comments>
		<pubDate>Fri, 15 Jul 2011 03:43:31 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[management consulting]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[economic]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[management]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=4955</guid>
		<description><![CDATA[Things have gotten pretty hot in Washington, DC these days, and I’m not talking about the 100-degree heat index. The recent heated exchanges...]]></description>
			<content:encoded><![CDATA[<p>Things have gotten pretty hot in Washington, DC these days, and I’m not talking about the 100-degree heat index. The recent heated exchanges between the White House and the House Republicans have once again reminded us why the public approval ratings of our elected officials continue to hover around their all-time lows.</p>
<p>Yet there is something about the current debt ceiling debate that makes me think that there is much more at stake in this discussion than the usual Democratic and Republican skirmishes. The threshold question that confronts every American is whether our country should continue to ramp up historic and seemingly unsustainable debt, or should we take a meat axe to scores of federal programs that so many Americans have come to rely upon.  </p>
<p>I’ll not use this blog to pontificate on my own personal political bias on this question, but I will say this:  our country’s leaders need to find a way to talk to one another and work this out. I’m hoping for less hot rhetoric and finger-pointing and more substantive discussion and responsible leadership.</p>
<p>Whether it’s in a board room, a corporate conference room, a manager’s office, or in the Cabinet Room, heated and anger-toned debate serves no interests. I’ll put my money any day on the cool and level-headed executive or political leader than the hot-headed, barb-thrower.</p>
<p>Shareholders deserve this sort of cool-headed responsibility from corporate executives, and the American citizens deserve the same out of their elected or appointed government leaders. </p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/management-consulting/keeping-your-cool-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>To the Moon and Back</title>
		<link>http://newlantern.com/innovation-economy/to-the-moon-and-back/</link>
		<comments>http://newlantern.com/innovation-economy/to-the-moon-and-back/#comments</comments>
		<pubDate>Fri, 08 Jul 2011 00:46:27 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[innovators]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[competition]]></category>
		<category><![CDATA[creative]]></category>
		<category><![CDATA[innovative]]></category>
		<category><![CDATA[inspired]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[productive]]></category>
		<category><![CDATA[risk-taking]]></category>
		<category><![CDATA[success]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=4943</guid>
		<description><![CDATA[On May 25, 1961 President John F. Kennedy spoke before a joint session of Congress and laid down a challenge to the country and the U.S. space program: “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth.”  ...]]></description>
			<content:encoded><![CDATA[<p>On May 25, 1961 President John F. Kennedy spoke before a joint session of Congress and laid down a challenge to the country and the U.S. space program: “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth.”</p>
<p>With these words, the United States marshaled an unprecedented level of innovative and scientific forces to accomplish this seemingly unreachable goal. In doing so, new generations of Americans became interested in science and space. Educators, students, and the American society at large embraced this ambitious goal with a level of enthusiasm not seen before or since this period in history.</p>
<p>And eight years later on July 21, 1969 astronaut <a href="http://en.wikipedia.org/wiki/Neil_Armstrong" target="_blank">Neil Armstrong</a> became the first person to step foot on the Moon.</p>
<p>Undoubtedly, this country’s excitement and focus on science and space in the 1960s helped plant many of the seeds that led to America’s leadership in technology over the next several decades, including the microcomputer, software, and the Internet.</p>
<p>With this week’s 135th and last launch of the <a href="http://en.wikipedia.org/wiki/STS-135" target="_blank">U.S. Space Shuttle</a>, I find myself longing for a new, seemingly unreachable goal that can spark this country’s ingenuity and innovative spirit once more.  Else, I fear that we will continue to slip further behind other countries like China and India, which are turning out four times as many math, engineering, and science graduates as the United States.</p>
<p>Let’s hope our country’s next Moon shot comes sooner rather than later.</p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/innovation-economy/to-the-moon-and-back/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Knowing When You Need a Bigger Boat</title>
		<link>http://newlantern.com/management-consulting/knowing-when-you-need-a-bigger-boat/</link>
		<comments>http://newlantern.com/management-consulting/knowing-when-you-need-a-bigger-boat/#comments</comments>
		<pubDate>Fri, 15 Apr 2011 00:53:32 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[management consulting]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[training]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=4759</guid>
		<description><![CDATA[In the 1975 blockbuster, Jaws, small town police chief (played by the late Roy Scheider) utters one of the most memorable movie lines of all time when he and his two fishing boat companions abruptly come face-to-face with the film’s ginormous shark. “We’re going to need a bigger boat.”]]></description>
			<content:encoded><![CDATA[<p>In the 1975 blockbuster, <a href="http://www.imdb.com/title/tt0073195/" target="_blank"><i>Jaws</i></a>, a small town police chief (played by the late <a href="http://www.imdb.com/name/nm0001702/" target="_blank">Roy Scheider</a>) utters one of the most memorable movie lines of all time when he and his two fishing boat companions abruptly come face-to-face with the film’s ginormous shark.  “We’re going to need a bigger boat.”</p>
<p>With this one short line, Scheider and the characters played by a young <a href="http://www.imdb.com/name/nm0000377/" target="_blank">Richard Dreyfuss</a> and the late <a href="http://www.imdb.com/name/nm0001727/" target="_blank">Robert Shaw</a> capture the moment perfectly. They realize that the challenge before them is much larger than the size of their original game plan.</p>
<p>Each year, many companies and their management teams, experience similar types of eye-opening events as they find themselves responding to a sudden man-made or natural disaster. Think BP, Toyota, AIG, GM or the many companies in Japan currently affected by the recent earthquake and tsunami. Less notable companies also experience this sort of wake-up call as they watch a major customer walk away or find themselves scrambling to recover in the wake of a company misstep or scandal.</p>
<p>It is in these moments that company executives and managers are tested.  Some companies successfully brave these storms and, as a result, come out stronger and more focused.  Others, however, capsize and reach for the aid of a bargain-basement buyer or a bankruptcy raft.</p>
<p>Admittedly, there is no fail-safe way to plan for these unexpected events.  But there are ways in which you can appreciably better your chances for survival with the right sort of training and preparation.</p>
<p>Don’t wait until your near-death moment to find out if your company is prepared to look into the jaws of catastrophe and survive.  Put in place the right-sized game plans that will effectively respond to both big and small events that could serve to push your boat off course or potentially take you down.</p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/management-consulting/knowing-when-you-need-a-bigger-boat/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Gift That Keeps on Giving</title>
		<link>http://newlantern.com/management-consulting/the-gift-that-keeps-on-giving/</link>
		<comments>http://newlantern.com/management-consulting/the-gift-that-keeps-on-giving/#comments</comments>
		<pubDate>Thu, 31 Mar 2011 00:59:35 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[management consulting]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[company]]></category>
		<category><![CDATA[culture]]></category>
		<category><![CDATA[leadership]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=4724</guid>
		<description><![CDATA[According to the National Park Service, yesterday marked the “Peak Bloom Date” for several thousand Yoshino Cherry trees, which line the Tidal Basin in Washington, DC...]]></description>
			<content:encoded><![CDATA[<p><a href="http://newlantern.com/wp-content/uploads/2011/04/Washington-DC-Cherry-Blossoms.jpg"><img class="alignnone size-medium wp-image-4735" title="Washington DC Cherry Blossoms" src="http://newlantern.com/wp-content/uploads/2011/04/Washington-DC-Cherry-Blossoms-300x225.jpg" alt="Washington DC Cherry Blossoms 300x225 The Gift That Keeps on Giving" width="300" height="225" /></a></p>
<p>According to the <a href="http://www.nps.gov/cherry/cherry-blossom-bloom.htm" target="_blank">National Park Service</a>, yesterday marked the “Peak Bloom Date” for several thousand Yoshino Cherry trees, which line the Tidal Basin in Washington, DC.</p>
<p>The <a href="http://www.nationalcherryblossomfestival.org/about/history/" target="_blank">2011 National Cherry Blossom Festiva</a>l commemorates the 99th anniversary of the gift of cherry blossom trees from the country of Japan.  Each year, over one million tourists flock to the nation’s capital during the last week of March and the first week of April to get a glimpse of the puffy pink blossoms of these spectacular trees.</p>
<p>In 1912, Mayor Yukio Ozaki of Tokyo gave 3,000 cherry trees to the city of Washington, DC.  “The gift and annual celebration honor the lasting friendship between the United States and Japan and the continued close relationship between the two countries,” as noted on the Festival’s website.</p>
<p>The United States returned the favor in 1915 with a gift of dogwood trees to the people of Japan. In 1965, two decades after the end of World War II, Lady Bird Johnson accepted 3,800 more cherry trees from Japan.  Then in 1981, the “cycle of giving came full circle” when the U.S. gave cuttings from its trees to Japan to replace trees that had been destroyed during a flood.</p>
<p>Given the recent devastation from the earthquake and tsunami in northern Japan, maybe more cherry tree cuttings from Washington will once again be sent to the Japanese people.</p>
<p>Ichiro Fujisaki, the Japanese Ambassador to the U.S., spoke emotionally about the dire conditions in his country during the March 22nd <a href="http://pointsoflightblog.org/2011/03/28/tonight-nbc-broadcasts-%e2%80%9call-together-now-a-celebration-of-service%e2%80%9d-at-8-p-m-edt/" target="_blank">Points of Light Institute</a> tribute at the Kennedy Center, which honored former President George H. W. Bush.  “We are grateful…Japan must and will come back.  It means so much to us that you are standing with us. . .We will never, never forget it. ”</p>
<p>Competition between two companies, like that between two countries, can sometimes be fierce.  But it doesn’t mean that decency and civility should be set aside.</p>
<p>Look for opportunities to do the right thing when your competitors are least expecting it. You may find that the favor of offering a “cherry branch” may someday be returned when you’ll need it the most.</p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/management-consulting/the-gift-that-keeps-on-giving/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tapping into Hidden Talent</title>
		<link>http://newlantern.com/innovation-economy/tapping-into-hidden-talent/</link>
		<comments>http://newlantern.com/innovation-economy/tapping-into-hidden-talent/#comments</comments>
		<pubDate>Fri, 14 Jan 2011 01:36:40 +0000</pubDate>
		<dc:creator>Arezu Ingle</dc:creator>
				<category><![CDATA[innovation economy]]></category>
		<category><![CDATA[innovators]]></category>
		<category><![CDATA[challenge]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[innovative]]></category>
		<category><![CDATA[talent]]></category>

		<guid isPermaLink="false">http://newlantern.com/?p=4479</guid>
		<description><![CDATA[Although I must hold the name of the company confidential, let me relay a true story about a recent innovation contest at a Fortune 100 company. One department at this company decided...]]></description>
			<content:encoded><![CDATA[<p>Although I must hold the name of the company confidential, let me relay a true story about a recent innovation contest at a Fortune 100 company.</p>
<p>One department at this company decided to challenge its employees to submit “innovation memos,” to put forward creative ideas to generate or improve services and processes.  To help incentivize memo submissions, it was announced that a cash reward of $10,000 would be given to the top four memo authors. </p>
<p>Nearly 80 memos were submitted, and even though only four authors walked away as winners, dozens of great ideas were generated, many of them actionable &#8212; and most of which had no relationship to an employee’s day job.</p>
<p>The notion of seeking new ideas from employees is not headline news. Companies tend to seek new and creative ideas from those teams who are already responsible for product design or improvements. What makes the above case a bit unique is that the department that generated all these new ideas was the legal department – generally regarded in any company as a cost center, and definitely not an innovation-generating center.</p>
<p>Any employee in any company has the potential to offer up that company’s next best idea. Yet, most companies fail to do the one simple thing that could unleash this untapped resource – ask. </p>
<p>Most companies ask employees to do one set of tasks associated with a given position for which they are compensated. Companies usually don’t bother to ask an employee to put forward ideas that may not be part of his or her job description. Therefore, employees have no incentive to “waste” time offering up creative ideas that will have no perceived impact on their direct compensation.</p>
<p>In short, your company currently may be asking and compensating an employee to pan for gold, while other valuable minerals, like silver or even platinum, are slipping past.  </p>
<p>Don’t let these unmined opportunities pass your company by. Make it a point to ask each employee to participate in an idea-generating activity – no matter where that employee may work in the company. And throw in some real incentives via cash and/or other rewards or recognitions to make it worth an employee’s while.  </p>
<p>Granted, you may need a couple of iterations of this program to find the right level and mix of incentives to yield the results you are hoping for. But trust me on this one, it will be worth the effort.</p>
]]></content:encoded>
			<wfw:commentRss>http://newlantern.com/innovation-economy/tapping-into-hidden-talent/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

