Business strategy

Loren Thompson - Pratt And Whitney Poised To Become Engine Of Growth For United Technologies

Loren Thompson - Pratt And Whitney Poised To Become Engine Of Growth For United Technologies

Connecticut-based United Technologies (UTC) is one of the biggest industrial conglomerates in the world. The basic logic of conglomerates is that they combine operations in multiple industries so that revenues and returns do not depend on demand for particular product lines.

Louis Patler - What I Learned about Leadership from John Wooden

Louis Patler - What I Learned about Leadership from John Wooden

What may not be common knowledge about the selection process is that any finalist for this award (John Wooden Award) must meet criteria set by Coach Wooden (1910-2010) himself for academic standing and community service.

Louis Patler - Great Place to Stay and Great Place to Work Have Much in Common

Louis Patler - Great Place to Stay and Great Place to Work Have Much in Common

“The ocean, like customers, has a mind of its own that is worth paying attention to.It has its moods, its quirks, its ever-changing tastes and ways. The best innovators and inventors understand this about customers and clients, as well. Customers can be fickle and hard to predict. You can’t afford to take it for granted.”

Lloyd Corder - The secret to making things better

by Lloyd Corder, Ph.D.

Several years ago when my friend, Clark Walter, wrote three words on a white board: Present-Future-Process. I rolled my eyes and thought this is just another consulting model for explaining the obvious. It’s easy…you assess where you are, plan where you want to go, then decide how you’re going to get there. Big deal, I thought.

After my hissy fit, I began to realize that this formula is way more powerful than I first thought. Everywhere I looked, no matter the field or application, it reveals the basic process for making things better. Instead of stressing out by focusing on everything that’s going wrong, you just concentrate on three areas:

  1. Present: Are you happy with how things are right now? If so, leave them alone. If not, move to step 2.
  2. Future: What would you like to have, do or become? This is goal setting 101. And like many things in life, it’s easy to do–and even easier not to do. Being specific about where you are going focuses the journey and helps you keep on track. We all need challenging goals. Once you have one, spend the rest of your time on step 3.
  3. Process: This is the secret sauce: The better your process, the better your results. If you’re accomplishing your goals and getting the results you want, keep going. If not, focus your energies on improving your process.

Everyday Examples of the Present-Future-Process Formula

Applying the Present-Future-Process Concept

Now, imagine what happens if you start to think of your company, marketing, design or any other task or important item in your life using these same three buckets. If things could be better (Present) and you have an idea of what you’d like them to be (Future), then start working on what you need to do to reach your goal (Process). If you’re like me, the process will take the most effort and time, so get to it as quickly as you can.

Once you see improvements, be patient. You’re probably going to have to repeat these three steps a lot to continue making refinements and improvements until you feel like things are really humming.

And you may eventually find, like I did, that this Present-Future-Process concept really is THE BIG DEAL!

Loren Thompson - In A Time Of Rising Nationalism, Boeing Becomes The Model Of What An American Company Should Be

Loren Thompson - In A Time Of Rising Nationalism, Boeing Becomes The Model Of What An American Company Should Be

In the months since Donald Trump was elected president, no corporate executive has interacted with him more than Boeing Chairman & CEO Dennis Muilenburg. The two men clearly like each other. However, Muilenburg's access to the president isn't the result of personal chemistry. America's biggest exporter is a model for what Trump would like other U.S. manufacturers to be -- a technology leader that continuously innovates and adapts to stay ahead of its state-subsidized foreign competitors.

Alexander Hamilton’s Lesson on Winning an Argument Before it Starts

Alexander Hamilton’s Lesson on Winning an Argument Before it Starts

As Federalists, Hamilton et al. were proponents of a strong national government as laid out in what would become the U.S. Constitution, contrasted to the position of the Antifederalists led by Thomas Jefferson that called for a very small central government with power concentrated with the states. With the Constitutional Convention on the horizon, Hamilton and his colleagues devised a scheme to influence public opinion by disarming the Antifederalists before they had a chance to advocate their position.