Gurus of Growth Blog - “Taking your business to a higher level”
CompUSA - On Becoming Irrelevant
A big story in consumer electronics this season is the recent announcement that Comp USA will close all of its remaining 103 stores. The retailer was purchased by Special Equity, an affiliate of private equity firm Gordon Brothers Group that recently announced the closing.
This comes as no surprise to those of us who have followed CompUSA for some time and may come as no surprise to anyone who has shopped there frequently. You may be aware of this from personal experience of from reading blogs about CompUSA’s service. In either case, there is a valuable lesson to be learned here. As a matter of course, this retailer broke most of the rules of Customer Relevancy:
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Google U: What Your Company Can Learn From The Google Experience
The big news within the last few weeks was Google’s impressive 1 year 46% jump in profits of and 57% jump in revenue. Amazingly, all of this impressive growth occurred during what CEO Eric Schmidt called a “weak quarter”. Many have speculated for some time that Google will inevitably replace Microsoft as the dominant global technology company, and to further fuel the speculation, the media is attributing Google’s recent success to a seemingly divine presence that they are calling the holy trinity. Google’s next set of strategic business priorities - search, online ads and applications.
Call it what you will, but there are valuable lessons to be learned here. Google is putting up impressive numbers because Google is boldly focused on growth.
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Toyota’s Approach To Unstoppable Growth: Think, Plan, Do
As a professional advisor to business, I have had the opportunity and pleasure to work with some of the most successful companies in the world. The teams at the helm of these high performing companies are dedicated and hard working - just like you. Each companies experiences cycles of growth and abundance - then contraction and replenishment. If they have a process for sustaining growth through the contraction phase they eventually experience the growth and abundance phase again, and the cycle continues endlessly.
At the core of this growth cycle is a common process known to every successful company (regardless of size) that has been able to sustain success. It is the process of thinking, planning and doing. Of course, most leaders believe that they already think, plan and do - but unfortunately they mostly just… do.
Read Toyota’s Approach To Unstoppable Growth: Think, Plan, Do »
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