In managing your way through 2020 it is imperative that you and your leadership team carefully plan the balance of the year. In this video presentation by Jim Gitney, the CEO of Group50 Consulting, who has been through 7 economic cycles during his career talks about a 3-phase approach to the balance of 2020. Continue reading Managing Your Way Through 2020
Over the last 2 years, the hype around blockchain has cooled down significantly and IoT continues to penetrate everything we do. Our use case research has found over 400 significant business implementations in just about every industry and it is expected that the 12 billion IoT devices in 2020 will grow to 25 billion by 2025. The World Economic Form believes that Blockchain and IoT has the potential to reduce cost in global GDP by $3-5 trillion over the next 6 years. I believe that number is understated.
So, why should you care? Continue reading Why Should You Care About Blockchain and IoT?
Group50’s CEO, Jim Gitney, was recently asked by an executive about how he should manage the division he just took over as its president. Jim told him “Manage it like you are going to sell it – maximize value creation”. The executive gave a strange look and asked why that mattered. Continue reading Manage Your Business Like You Are Going to Sell It
The phrase “Internet of Things ( IoT )” or “Internet of Everything ( IoE )” and its application to manufacturing and distribution does not bring to mind a concrete set of images or business approach to most senior executives. In fact, the opposite is true, Continue reading The Internet of Things – IoT : Making sense of Its Components
A $400M per year consumer products company was experiencing problems with their Sales, Inventory, Operations Planning ( SIOP or S&OP ) process. Lead times for product were excessive and the supply chain wasn’t responsive enough to serve the needs of its markets. Inventory had swelled 25% to over $70M. This was due to their business processes not being able to Continue reading Case Study in Sales, Inventory, Operations Planning (SIOP) Process Improvement
The Washington Post published an article about the outbreak of E. coli in lettuce on April 20th that stated: “Although the exact source hasn’t been identified, federal health officials have said information indicates that the contaminated lettuce was grown in Continue reading Where Did My Lettuce Come From? – This Question Needs an Answer!
The Internet of Everything ( IoE ) is a concept that everyone in leadership needs to understand and appreciate. It needs to be a strategic discussion in the board room and in the C-Suite. Its impact, while seemingly obvious is not! Technology Continue reading The Internet of Everything ( IoE ) in Manufacturing
The Internet of Everything: 8.4 billion and $2 trillion! Those are the estimated number of connected ‘things’ on the internet and the amount spent on these devices and services by the end of 2017, according to a Gartner study. The number of connected things is expected to Continue reading Four steps to the Internet of Everything ( IoE )
Mexico’s legal system is a result of the 1910 revolution and the subsequent promulgation of its Federal Constitution on February 5, 1917. Although historically influenced by the legal systems of Spain, France, and the United States, Mexico has been able to structure and maintain a distinct legal system that incorporates truly unique Mexican components. Mexico’s legal system is a civil law system but not as it exists in other civil law countries.
Patterned after the United States, Continue reading Doing Business in Mexico: Mexico’s Legal System
In an article I wrote about writing your company’s chapter on 2016, I asked if your view was optimistic or pessimistic. The first couple of weeks of 2016 should have reigned in all of the optimists, unless you are one of the lucky few who have a business that is absolutely bullet proof, or you have completely forgotten what an economic downturn is like.It is already here. All of the companies and countries whose fortunes are tied to oil have cut back their capital spending by as much as 80%. In the United States alone, that amounts to over $90 billion in reduced spending in 2015 and the worst isn’t over. Middle Eastern companies have reduced their spending by similar amounts. Not included in that is Continue reading Preparing for an Economic Downturn