Last week, I went on a fascinating tour of the L.A. Times operations. It was quite impressive - and massive. Did you know the L.A. Times has has the largest operation in the U.S.? They print for the Wall Street Journal, USA Today and others in addition to the L.A. Times.
I cannot tell you how people I've seen who have had a profound impact - with followers throughout the company - who were not in a direct leadership role.
The first step to navigating the global marketplace is to be aware.
Results follow people who put together strategies and successfully implement them. Great tools help, but people are critical to improving your bottom line.
Reach out to your extended supply chain for collaborative ordering, product development opportunities, and logistics improvements.
Oftentimes we spend countless hours planning a project with details, responsibilities and timelines, only to forget to work the plan. Once a plan is done, refocus your energy to execution.
The key to innovation is to support experimentation. If you are a leader, give your people time this week to try new ideas.
No one will innovate if they are afraid of being hit over the head if they make a mistake.
I cannot tell you how many disagreements I've seen over the years on the optimal planning method.
The supply chain has a dramatic impact on several areas of the company – the ability to grow and “keep customers promises”, profitability, cash flow, and customer service.
