CHANGE TALK

Faced with decreasing market share caused by the "Pepsi Challenge" taste-test battle, Coca Cola launched “Mission Kansas” in the 1980s to reformulate Coke. As Pepsi was going sweeter, New Coke was to follow the trend in an attempt to take over the lead again with the altered taste.

Pareto’s Law, or Principle as it is sometimes called, states that 20% of any input gives 80% of its corresponding output, and that 80% of input will only yield the remaining 20% of output. This Law shows up everywhere.

In a study released by Gilbert and Bower, the authors extrapolate that when companies face major disruptions in their markets, the way their managers perceive that disruption influences a company’s response profoundly.

Bill Gates once said that every business leader should have a coach. Also former Google CEO Eric Schmidt insists that the best advice he ever got was to work with a coach. How come some of the most successful business leaders of our times, recommend coaching so emphatically?

Dynamic and super successful organizations such as Apple, Google and Virgin Airlines are showing us that making a unique organizational culture the focal point of all business endeavors pays off and offers many bonuses along the way.

If there is one thing I know after recruiting for over two decades in the private sector and defense industry, it’s that military service members make great hires. Unfortunately, this talent pool is largely overlooked due to a lack of understanding of military culture and its ultimate purpose. To win!

On June 24, 2015, Erika Jacobi, Head Change and Innovation Consultant at LC GLOBAL Consulting Inc, was a guest on the VoiceAmerica™ Empowerment Channel.

An African proverb suggests: If you want a different dance, change the music. In other words: To see different moves and different actions, find the factors that drive the behavior and alter them.

Companies and organizations have many reasons for implementing change or pursuing new innovation strategies. Some change and innovation strategies aim to make a difference in our society, others to help the company remain resilient and yet others to strive for mere survival.

One thing is clear, much of today’s business success depends on the ability of an organization to flexibly adapt to unforeseen circumstances, changing markets and new trends.