The Harvard Study has indicated the links between a community's economic development and its autonomy, its organizational infrastructure, including Human Resources. Learn how to build capacity at your organization to encourage success.
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The toy and sporting goods manufacturing industry in Australia has struggled over the past five years with a 3.7% annual decline in revenue due to increased import competition and changing consumer preferences. Rising imports, particularly from China, have reduced domestic product margins and profitability. While factors like increased household income and sport participation provide some opportunities for growth, overall industry performance is expected to remain weak with further revenue declines of 1.5% annually through 2015-16 as import competition and exchange rate fluctuations continue to pressure the Australian industry.
January 2010 CASE Presentation within Communications and Marketing track with Tamsen McMahon, Director of Digital and Strategic Initiatives at Sametz Blackstone Associates.
Crowdsourced to Cause Marketing: The Evolution of a Brand CampaignGene Begin
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This document discusses organizational structure and design. It addresses key considerations for building an organizational structure like job design, departmentation, span of control, and delegation of authority. It also describes Galbraith's star model of organizational design and characteristics of effective design. The document outlines challenges of organizational designs and discusses vertical and horizontal differentiation. It compares centralization versus decentralization and mechanistic versus organic structures. Effective organizational structure is based on interlocking roles and balancing formal and informal authority and control.
The document discusses the importance of defining and managing startup metrics. It recommends that startups track 7 key metrics: cash, product, marketing, sales, customers, support, and team. Tracking these metrics through a management dashboard allows startups to inspect their progress and address issues early. The document provides examples of specific metrics to measure under each category and guidance on building and using a dashboard to monitor metrics that matter and guide the business.
The Harvard Study has indicated the links between a community's economic development and its autonomy, its organizational infrastructure, including Human Resources. Learn how to build capacity at your organization to encourage success.
Toy and sporting good manufacturing in australia industry reportTri Nguyen
The toy and sporting goods manufacturing industry in Australia has struggled over the past five years with a 3.7% annual decline in revenue due to increased import competition and changing consumer preferences. Rising imports, particularly from China, have reduced domestic product margins and profitability. While factors like increased household income and sport participation provide some opportunities for growth, overall industry performance is expected to remain weak with further revenue declines of 1.5% annually through 2015-16 as import competition and exchange rate fluctuations continue to pressure the Australian industry.
January 2010 CASE Presentation within Communications and Marketing track with Tamsen McMahon, Director of Digital and Strategic Initiatives at Sametz Blackstone Associates.
Crowdsourced to Cause Marketing: The Evolution of a Brand CampaignGene Begin
Babson College has been the top school for entrepreneurship for over two decades. Despite this niche focus, its position in the market place has not been as finite. With a crowdsourcing microsite at its core, the College’s first institutional branding campaign in nearly 15 years integrated multiple channels to increase brand awareness, engagement, adoption and advocacy with multiple constituencies. Extending its entrepreneurial core into a content marketing hub focused on those with a passion for entrepreneurship allowed the college to rally a community around a cause to extend the brand’s reach far beyond campus. This presentation will follow the path from crowdsourcing to cause marketing and showcase how one college in particular, as well as other institutions along the way, use these methods to extend the brand.
This document discusses organizational structure and design. It addresses key considerations for building an organizational structure like job design, departmentation, span of control, and delegation of authority. It also describes Galbraith's star model of organizational design and characteristics of effective design. The document outlines challenges of organizational designs and discusses vertical and horizontal differentiation. It compares centralization versus decentralization and mechanistic versus organic structures. Effective organizational structure is based on interlocking roles and balancing formal and informal authority and control.
The document discusses the importance of defining and managing startup metrics. It recommends that startups track 7 key metrics: cash, product, marketing, sales, customers, support, and team. Tracking these metrics through a management dashboard allows startups to inspect their progress and address issues early. The document provides examples of specific metrics to measure under each category and guidance on building and using a dashboard to monitor metrics that matter and guide the business.
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LSI is a system integration company founded in 1985 that employs over 130 people across 6 US offices and China. It provides automation engineering and design services to help manufacturers produce products faster, cheaper, and more efficiently. LSI has extensive experience with automation projects for manufacturers in Memphis and the mid-south region. It is the largest control systems integrator within 200 miles of Memphis and has engineering capabilities comparable to much larger firms. LSI has experienced steady growth in sales and employees in recent years and seeks to participate in the PILOT program.
LSI is a system integration company founded in 1985 that employs over 130 people across 6 US offices and China. It provides automation engineering and design services to help manufacturers produce products faster, cheaper, and more efficiently. LSI has extensive experience with automation projects for manufacturers in Memphis and the mid-south region. It is seeking approval to participate in the PILOT program to continue supporting local manufacturers and take on more large, global automation projects.
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This document discusses the increasing pace of change in organizations and markets. It notes that the average lifespan of S&P 500 companies has decreased from 67 years in the 1920s to only 15 years currently. Additionally, experts predict that over 75% of current S&P 500 companies will not exist by 2020. The document argues that organizations must increase internal collaboration and engage external networks to stay competitive, as closed networks can lead to failure. It provides examples of companies that have leveraged open innovation through networked collaboration.
This document provides an economic and commercial real estate market outlook for 2009-2010. It summarizes that the US economy is in a decline/trough phase that could last up to 7 years, with commercial real estate values expected to decline 30-50% and sales volumes to drop 75-95% over the next 1-2 years. It also discusses trends in key economic indicators such as GDP, employment, housing prices, and inflation expectations. Target investment markets highlighted are urban infill areas in major cities like San Francisco, San Jose, and the East Bay.
The Great Recession officially ended more than two years ago but the recovery is barely perceptible and anxious policymakers are running out of options. Washington cannot seem to agree on what caused the Recession in the first place or how to create robust job growth. One camp argues for revving up consumer demand through fiscal and monetary policy. The other says the financial system got out of control and we just have to wait for our books to get back into balance.
Remarkably, neither of the dominant schools of thought focuses on the principal cause of the Great Recession and our current anemic jobs recovery- the collapse of U.S. manufacturing and innovation-based competitiveness over the last generation. Faulty diagnosis leads to ineffective cures. It's time for a new approach grounded in a new diagnosis.
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2) Job creation is strongest among mid-sized rural and food processing firms.
3) While credit access and investments are up, informal payments remain an issue, made mostly to obtain licenses and permits.
4) Diversification and new product development are increasing, but improvements to existing products are declining.
AKT Construction: New day new strategy June 2, 2011 FMI presentationpeggykitzmiller
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The outdoor lighting sector has seen the greatest penetration and growth in LED lamps from 2010 to 2017. The number of LED lamps installed outdoors grew from 118,000 in 2010 to over 1 million in 2017. Overall lighting electricity consumption in the U.S. decreased from 700 terawatt-hours in 2010 to under 500 terawatt-hours in 2017 due to improvements in lighting efficiency and the transition to LED technology. The commercial sector represents the largest portion of lighting electricity usage.
LEDnovation develops solid state lighting solutions to replace incandescent, CFL, halogen and fluorescent lighting. Founded in 2008 and located in Tampa, Florida, LEDnovation's value proposition is to combine LED technology, drivers, optics, intellectual property, packaging, mechanical and thermal engineering into cost-effective, high-performance lighting products. In 2010, annual electricity usage for lighting in the US was 700 terawatt-hours, with nearly half used in the commercial sector. LED lamps represented less than 1% of non-LED lighting in 2010 but grew to nearly 10 million LED lamps installed by 2017.
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LSI is a system integration company founded in 1985 that employs over 130 people across 6 US offices and China. It provides automation engineering and design services to help manufacturers produce products faster, cheaper, and more efficiently. LSI has extensive experience with automation projects for manufacturers in Memphis and the mid-south region. It is the largest control systems integrator within 200 miles of Memphis and has engineering capabilities comparable to much larger firms. LSI has experienced steady growth in sales and employees in recent years and seeks to participate in the PILOT program.
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2. Role of Entrepreneurs in the U.S.
• In the U.S. typically 600,000 new businesses are formed
each year (one every minute). This number has been
consistent for the last 30 years.
• Historically through the last seven recessions it's been
entrepreneurs who essentially restarted the U.S. economy
• Today 1/3 of the current GDP is created by firms that did
not exist in 1980
• 75 percent of most firms’ startup capital is made up in equal
parts of owner equity and bank loans and/or credit card
debt
Source: Kauffman Foundation
3. Survival of Startups
• First year: 85%
Second: 70%
Third: 62%
Fourth: 55%
Fifth: 50%
Sixth: 47%
Seventh: 44%
Eighth: 41%
Ninth: 38%
Tenth: 35%
• "Once you've hit five years, your odds of survival go way up,
only two to three percent of businesses older than five shut
down each year.“ – David Birch
Source: David Birch, U.S. DoL
4. The structure of the U.S. economy
• More than 50% of all businesses are home-based and over
72% are sole-operator (as of 2006). The average business
bring in $45,000 per year.
• Only 6% of firms had revenues of more than $1 million.
• SBA defines “big business” as firms over 500 employees. By
definition 99% of all businesses in the U.S. are small
businesses.
Source: Invisible Capital, Chris Rabb
5. The structure of the U.S. Economy (cont’d)
• More than 6 million businesses in the U.S. only 18,000 (less
than 1%) of them are classified as “big business” (more than
500 employees).
• 49% of the U.S. workforce approximately (120 million) was
employed by less than 1% of all employers.
• Firms over 2,500 employees account for 64% of the U.S.
workforce, even though they make up less than 1% of all
firms.
6. Some Global Data on Midmarket
• Typically businesses with < 999 employees
• 65% of Global GDP
• 90% of Global workforce
• 90% of all businesses across the globe are SMBs
• Midmarket generates 13x more patents per employee vs.
Enterprise segment
Source: VP, GMU Mid Market, IBM
7. U.S. Firms, Labor & Employment
Employment by Firm Size # of Firms % of Firms # of Employees % of Employees
Non-Employers (zero FTEs) 21,708,021 78.21% 21,708,021 15.25%
1-4 FTEs 3,705,275 13.35% 6,139,463 4.31%
5-9 FTEs 1,705,092 6.14% 15,630,773 10.98%
20-99 FTEs 532,391 1.92% 20,922,960 14.70%
100-499 FTEs 88,586 0.32% 17,173,728 12.07%
500+ FTEs 18,311 0.07% 60,737,341 42.68%
Total 27,757,676 100% 142,312,286 100.00%
Source: 2007 County Business Patters and 2007 Economic Census
8. 2009 Study of 550 high-growth founders
Source: Kauffman Foundation
15. Where do high-growth entrepreneurs come
from?
• HP turned down Steve Wozniak’s initial designs for the personal
computer and was not given a chance to work on the team at HP
(1976)
– The same design becomes Apple 1
• Arthur Blank and Bernard Marcus (founders of Home Depot) fired
from Handy Dan Home Improvement chain (1979)
• Texas Instruments rejects Rod Canion’s designs for PC clones, he
leaves with two of his colleagues to start Compaq (1982)
• John Lasseter left Disney to join George Lucas (1984)
– Steve Jobs bought it for $10 million to become known as Pixar
• Judy George got fired from Scandinavian Design (1985)
– Created Domain Home Furnishings
• Jeffrey Katzenberg left Disney to team with Steven Spielberg to from
Dreamworks (1994)
15
16. Where do high-growth entrepreneurs come
from? (cont’d)
• SVP Thomas Watson leaves National Cash Register (NCR) to
form IBM
• Robert Ryan, a rising star at Digital leaves to form Ascend
• Sabeer Bhatia leaves Apple to form Hotmail, later sold to
Microsoft
• Dr. William Shockley leaves Bell Labs and moves to California
to start Shockley Semiconductors
– 8 key people leave Shockley to form Fairchild Semiconductor
– 3 key people leave Fairchild to form Intel (1968)
– In total Shockley Semiconductors was a catalyst for forming 30 Silicon
Valley ventures
• Intel, National Semiconductor, AMD, Teledyne, Rheem, LSI Logic, Kleiner
Perkins
16
17. Where do high-growth entrepreneurs come
from? (cont’d)
1954 Shockley moves to CA
1957 Shockley Semiconductor has 50 employees
1965 14 Semiconductor spinoff firms
1970 35 Semiconductor firms
1975 54 Semiconductor firms
1980 63 Semiconductor firms
1986 102 Semiconductor firms
Between 1947 and 1986,
129 Semiconductor firms
Were launched in Silicon Valley
17
18.
19. • Founded by Ken Olsen in 1967
• First Firm to be funded by venture capital
• DEC’s PDP-8 is considered the first mini-computer
• 1972 revenues = $6.5 billion
• 1989 revenues = $14 billion
APOLLO
WANG COMPUTER, WAYNE
INC.
Source: Christensen
19
20. All Firms Die!
Number of Firms in the U.S. Typewriter Industry Number of Firms in the U.S. Automobile Industry
90
80
Entry 75
70
Number of Firms
Exit 70
60
Total 50% of U.S. products in
50
65 all-steel closed body
40 80% of U.S. products in
60
30 all-steel closed body
20 55
10
50
0
74 77 80 83 86 89 92 95 98 1 4 7 10 13 16 19 22 25 28 31 34 36 38 45 Entry
Number of Firms
Years (1874 to 1936) Exit
40
Total
Number of Firms in the U.S. Picture Tube Producers 35
90
80 30
70 Entry
25
Number of Firms
Exit
60
Total 20
50
40 15
30 10
20
5
10
0 0
49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 1900 1910 1920 1930 1940 1950 1960
Years (1949 to 1970) Years (1900 to 1960)
Source: Mastering the Dynamics of Innovation, Uttberback 20
21. Corporate Mortality is also very high!
• Average life expectancy of all firms, regardless of size, measured in Japan
and much of Europe, is only 12.5 years
• The average life span of a multinational organization – Fortune 500 or
equivalent – is around 45 years
• Only 16% of firms listed on the 1957 S&P 500 remained on the 2007 list.
• One third of the companies listed in the Fortune 500 in 1970 for example,
had disappeared by 1983 – acquired, merged or broken to pieces
• Of the top 500 firms in the U.S. in 1980, only 202 had survived by the year
2000.
• The first S&P index of 90 major U.S. firms was created in the 1920s. The
firms on that original list stayed there for an average of 65 years. By 1998,
the average tenure of a firm on the expanded S&P 500 was 10 years.
22. Like human beings, firms are constantly being born that cannot
live. Others may meet…death from accident or illness. Still
others die a “natural” death, as men die of old age. And the
“natural” cause, in the case of firms, is precisely their inability to
keep up the pace in innovating which they themselves had been
instrumental in setting in the time of their vigor.
Schumpeter, Joseph A. (1939), Business Cycles: A Theoretical, Historical,
and Statistical Analysis of the Capitalist Process (New York: McGraw-Hill)
25. Year Age (in Year Age (in Year Age (in
Company Name
3M 1902
What can we learn from “The Old
Started 2007)
Company Name
105 Eaton
Started
1911
2007)
Company Name
96Northrop Grumman
Started
1939
2007)
68
Abbott Laboratories
Alcoa
1888
1886
Masters”?
119 Eli Lilly
121 Exxon Mobil
1876
1882
131Owens Corning
125Owens-Illinois
1938
1929
69
78
Altria Group 1847 160 Fortune Brands 1890 117Paccar 1905 102
American Standard 1875 132 General Dynamics 1952 55PepsiCo 1898 109
Anheuser-Busch 1852 155 General Electric 1890 117Pfizer 1849 158
Archer Daniels Midland 1902 105 General Mills 1928 79Phelps Dodge 1834 173
Ashland 1924 83 General Motors 1908 99PPG Industries 1883 124
Avon Products 1886 121 Georgia-Pacific 1927 80Procter & Gamble 1837 170
Boeing 1910 97 Gillette 1901 104Raytheon 1922 85
Bristol-Myers Squibb 1887 120 Goodyear Tire & Rubber 1898 109Rockwell Automation 1903 104
Campbell Soup 1869 138 Heinz (H.J.) 1869 138Rohm & Haas 1907 100
Caterpillar 1925 82 Hershey Foods 1894 113Sunoco 1886 121
Chevron Texaco 1879 128 International Paper 1898 109Textron 1923 84
Coca-Cola 1886 121 Intl. Business Machines 1889 118Unisys 1873 134
Colgate-Palmolive 1806 201 Johnson & Johnson 1887 120United Technologies 1853 154
ConocoPhillips 1875 132 Kellogg 1906 101Unocal 1890 117
Crown Holdings 1892 115 Kimberly-Clark 1872 135USG 1902 105
Cummins 1919 88 Lockheed Martin 1912 95Weyerhaeuser 1900 107
Dana 1904 103 Marathon Oil 1887 120Whirlpool 1911 96
Deere 1838 169 McGraw-Hill 1909 98Wyeth 1860 147
Dow Chemical 1897 110 Merck 1891 116 AVERAGE 115
DuPont 1802 205 Motorola 1928 79
Eastman Kodak 1888 119 Navistar International 1902 105
Source:25
Fortune, April 5, 2004
26. Some empirical findings about Innovations
• More than 90% of all innovations that ultimately become
successful started off in the wrong direction.
• Given more money and time, firms are known to pursue the
wrong strategies for a longer period of time.
• Most new innovations are started without access to credit in
good times and bad.
• Most of the great businesses today started without a lot of
VC funding or with any bank lending until 5-6 years after
they were up and running.
Source: Innosight
Editor's Notes
Statistically,; the probability that you'll get it right the first time out of the gate is very low. So,. In an environment where you've got to push innovations out the door fast and keep the cost of innovation low, the probability that you'll be successful is actually much higher.If you give people a lot of money, it gives them the privilege of pursuing the wrong strategy for a very long time.