Turning Boeing Around: Essential Strategies for Cultural and Technological Renewal

1. Focus on Culture Change: Create a unified mission and clear purpose at all levels. Example: NASA’s mission to reach the moon unified everyone from astronauts to janitors. Apply a similar approach to instill a clear focus, such as “Build the best airplanes and sell them.”

2. Prioritize Innovation: Invest in new technologies and products to regain industry leadership. Example: Boeing once led with models like the 747 but now trails competitors. Develop new products to compete with Airbus and others, focusing on long-term technological advancements.

By Emma Burleigh and Azure Gilman | AUG 1, 2024
Read the original article at FORTUNE

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Maverick Moves: Lessons from Soros’ Misstep and a Sports Venture Triumph

In the 1987 bull market, investor George Soros boldly predicted a downturn in the Nikkei and growth in the S&P 500, positioning his stocks accordingly. However, the opposite occurred, leading to significant losses. This case shows mid-sized company CEOs the importance of balancing bold strategies with risk management and not blindly going against market trends.

An entrepreneur, passionate about sports, invested in a sports management business despite limited industry experience. Despite ups and downs, the venture resulted in a successful exit after 10 years. This case demonstrates how following personal passions, even without expertise, can lead to long-term success for mid-sized company leaders willing to take calculated risks.

By Jon Michail | SEP 16, 2024
Read the original article at ENTREPRENEUR

Flexibility Unleashed: How Creative Noggin’s Women-Centric Approach Outsmarts Bigger Agencies

Creative Noggin, a mid-sized remote marketing agency, implemented a truly flexible work environment. Employees have both location and time freedom, allowing them to adjust hours for personal needs while maintaining productivity. This unconventional approach resulted in an average employee tenure of over eight years, double the U.S. average, helping them compete with larger agencies by retaining top talent.

Creative Noggin fostered a culture of collaboration and mentorship beyond traditional roles. For example, a project manager was mentored by the media planner, and a content writer learned from the creative director. This cross-functional learning approach improved employee satisfaction and skill diversity, allowing the mid-sized agency to compete more effectively with larger firms by developing versatile talent in-house.

By ENTREPRENEURS’ ORGANIZATION | OCT 03, 2024
Read the original article at INC

Rethinking Remote Work, Productivity, and Engagement Assumptions

FAST COMPANY – Managers need to reassess assumptions about remote work, productivity, and employee engagement. Misconceptions that remote work lowers productivity can be counterproductive; embracing flexibility can actually boost performance. Overestimating productivity often leads to burnout; recognizing and addressing signs of overwork is essential. Additionally, assuming engagement means constant availability can harm work-life balance. Clear expectations and boundaries foster a healthier work environment. These adjustments can significantly enhance team effectiveness and workplace success.

By ISABEL VALLE | JUN 17, 2024

Read the original article at FAST COMPANY

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