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Another Casualty of the Smartphone War

https://www.reuters.com/article/us-lg-elec-smartphones-idUSKBN2BS1M3 There was a big announcement in technology this week, with South Korea's LG announcing they will shut down their smartphone business effective July, 2021, and shift their investment and focus toward smart home products, electric vehicle components, robotics, artificial intelligence, business-to-business products and other connected devices. So, what happened? A Quick History of the Smartphone …

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Virtual Meeting Fundamentals

I read the below article on virtual meetings from Julie Winkle Giulioni with a smile on my face. https://www.smartbrief.com/original/2020/07/how-run-effective-virtual-meeting-stop-blaming-zoom Prior to COVID-19, most of us used some method of virtual meeting technology and application, but it was the exception, not the norm. What certainly was the norm? Meetings. Lots of Meetings. More than we want …

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Applying 80/20 In A Pandemic

https://www.supplychaindive.com/news/coronavirus-supply-chains-SKUs-pandemic-Mondelez-Procter-Gamble-Coca-Cola/579017/ The attached article from Emma Cosgrove highlights the urgency of simplification and focus when faced with significant demand fluctuations like we have seen during the COVID-19 pandemic. Some of the biggest, best and most admired consumer packaged goods (CPG) companies like Mondelez, P&G and Coca-Cola found out how important the 80/20 principle is during …

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Leadership Agility & Empathy

https://www.bcg.com/en-us/publications/2020/leadership-post-covid-19.aspx Boston Consulting Group (BCG) recently published an article describing the characteristics and behaviors necessary for leaders in the post-pandemic world. "Leadership in the New Now" rightly looks at how leaders will be successful as economies begin to re-emerge, but uncertainty still remains. More than ever, agility and empathy are going to be paramount for …

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Keep the Brand Light On

https://www.smartbrief.com/original/2020/05/protect-and-prepare-your-brand-post-coronavirus-world In times of economic slowdown it is common to see companies make expense cuts to try and protect earnings. Some of the first expenses cut are marketing expenses that are seen as a "nice to have" by old school thinkers. Certainly in the world of the COVID-19 pandemic where economic survival is taking center …

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When Demand Strains the Supply Chain

https://www.fox5atlanta.com/news/georgia-pacific-working-to-keep-up-with-toilet-paper-demand I'm sure you've seen it. Grocery store shelves, 20 - 30 feet long and three levels high, completely sold out of...toilet paper? There's an interesting behavioral phenomenon occurring right now, as panic buying is driving people to purchase 5X more toilet paper than they would ever use. Interviews with grocery executives from Kroger, Wal*Mart …

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Strategic Sourcing = Strategic Business Partner

https://www.scmr.com/article/procurement_must_reduce_costs_while_continuing_to_become_a_better_strategic Long gone are the days where a procurement or sourcing function is built to simply cut costs. In today's world and building for tomorrow, great leaders need all functions to be working and collaborating as strategic partners, which means decisions are not made in functional silos. Nowhere is this more important than in procurement. …

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The Health & Wellness Transformation of CVS

https://retailleader.com/cvs-healthhubs-are-healing-non-rx-sales?oly_enc_id=5012I1567089B5Y If you have not been to a CVS lately, you might be in for quite a surprise. Under CEO Larry Merlo, CVS is on a transformational journey from competing in the "red ocean" of all things retail convenience to becoming a destination for wellness and healthcare by focusing on the 80% of services a …

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