Are you part of a learning organisation? If so, you are in good company with businesses like Microsoft and Amazon. But when companies commit to creating a learning culture, an often-forgotten piece of the puzzle is the development of managers. New evidence from job market analytics company Burning Glass Technologies, found that management skills “represent one of the biggest skills gaps in the job market” and that managers have larger skills gaps than the people they manage.… Read more
Amazon failed with its attempt to introduce a cool smartphone, Fire Phone. The hotel booking site, Amazon Destinations, was similarly an epic failure. Amazon Auctions and several other ventures crashed and burned. Jeff Bezos, CEO of Amazon, believes failed experiments are a necessary evil to creating successful inventions. He says failure and inventions are “inseparable twins.”
Instagram Photo / Eugene Hsu
Jaws dropped last week when Amazon announced its intention to purchase Whole Foods for $13.7B ($18B AUD). What are the leadership lessons from the announcement?
One obvious answer is that no business is immune from disruption. Amazon, a technology business intends to move into an adjacent bricks and mortar industry as the lines between technology and business become blurred. John McDulig, writing in the Australian Financial Review put it this way, “The distinction between tech and business is becoming irrelevant.… Read more
Industry incumbents are never happy when they are disrupted. In the late 1940s, when new television technology was being explored in Australia, R.G. Casey, a Minister in the Menzies Government at the time, opposed it. He expressed a view held by the incumbent radio stations when he said, ‘we should not add to our already overcrowded market for public entertainment in Australia.’
However, more entrepreneurial minds saw the opportunity of the new technology and television was officially launched in 1956.… Read more