This HR article talks about Best Buy’s radical experiment, a corporate culture initiative in workplace flexibility called ROWE. ROWE stands for “results-only work environment” and judges employees on output than the number of hours they spend in office.
Business and Management Articles
How do you change the culture of a company? Start a movement within the company. Here are a few examples on how many companies have initiated a movement or campaign to change the organization culture.
In the 1990s, Harley Davidson introduced a perfume to capitalize on the heritage brand. This was a mistake, as even the loyal H-D customers did not like it. H-D’s brand extension was a failure.
In 1992, Pepsi introduced Crystal Pepsi in the market. However, after a very successful launch and $470 million in sales in the first year, it left the consumer confused. Pepsi learned a lesson and the product was quickly discontinued.
Companies today are stuck in the dilemma – whether to create or compete and are afraid that competitors will take away their market share. This article distinguishes between creating and competing and provides some examples.
This article highlights the three principles of the Great Repeatable model with examples. Companies that adopt these principles can repeat their success, hence the name repeatable model.
This article highlights Apple’s Four Quadrant product grid revealed by Steve Jobs at the MacWorld Expo in 1998. Many companies like Google and HP are reducing their product complexity to focus on key areas and speed up decision making.
This article highlights the total transformation underway at J.C. Penney, the 110 year old retail store. It also focuses on its new “Fair and Square Every Day” pricing strategy and the changes under new CEO Ron Johnson.
This article on differentiation strategy highlights a few examples on how companies are differentiating from competitors.