Multinational brands, especially those with successful legacies, often struggle in emerging countries.
With every new social network, smartphone feature, and digital diversion, innovation-driven consumer companies must constantly redefine their categories and, in some cases, redefine themselves to ensure they remain both relevant and differentiated in the minds of consumers.
Leaders of companies of any size, at any stage of development spend a lot of time focused on growing the business. We develop our game plan and ensure that we are optimally executing on our objectives. We concentrate on looking forward.
I was known for being quite... ruthless at ABB. I drove hard targets, pushed my people. But I was always fair. Once I was convinced of someone, I let them handle things themselves. But if you kept doing badly, there was no place for you.
When our schedules are busy, and we are working hard on the tasks immediately at hand, it can be difficult to see that big, potential breakthrough idea right in front of us, much less act on it.
We should be biased toward action. We are trying to be a nimble and cohesive culture where people can be heard and there is openness and innovation.
Ironically, the more deliberate we are in our work - cranking through our inboxes, clearing our to-do lists - the more myopic we become.
Relationships are personal, even in business, so sharing some of yourself and taking an interest in others helps to build trust and break down walls.
It's well documented that stop-and-go traffic wears more on a vehicle than consistent-speed highway driving. No matter our driving habits, we all know we must regularly maintain our car's vitals - oil, tires, brakes, etc. Similarly, our brains and bodies perform best with a mindful focus on tasks and a routine maintenance of healthy habits.
Connected vehicle technologies are revolutionizing and democratizing transportation for safer, smarter, more responsible, and more accessible driving.
As devices become more portable and content is increasingly digital, connectivity is fast becoming a fundamental expectation and lifestyle requirement.
The global 'currency wars' are likely here to stay due to the fine line between legitimate monetary balancing and sometimes self-serving trade manipulation. But these artificial mechanisms lack tangible or lasting value.
I know firsthand that the characteristics of a great engineer - problem-solving skills, a deep understanding of technology, and a results-driven mindset - are the exact same things that any executive, in any industry, must have in order to succeed.
Leaders who can push themselves beyond their comfort zones and understand how to harness the power of reverse innovation have the chance to become the next great visionaries.