New Coke – A Strategic Blunder pre-dating ERMCoca-Cola Company’s debacle entered the public consciousness on April 23, 1985 with the introduction of the then new formula that came to be known as “New Coke” replacing its original formula, “Coke”. (14) Continue reading
This article was conceived in the first months of 2023 when large stock price declines in well-known corporations began to occur. These declines signaled something possibly amiss with decisions concerning corporate strategy, reputation, financial well-being, marketing, or external market conditions. Rather than react to these early events, publication was postponed to gather additional and more varied information regarding executive-level decision outcomes affecting business strategy and ultimately business success. Consequently, publication of this article was delayed until July 2024. Continue reading
There are many analogies for situations where there is havoc. We can have the chaos of the blind leading the blind and confusion of mindless chickens running around in ever decreasing circles. Alternatively, there is cool calm collectiveness and, much sort after, leadership. Continue reading
Suppliers often include reliability information along with performance specifications.
We look for reliability statements as one part of the selection process to ascertain if the component is likely to have sufficient reliability.
When the vendor’s data is clearly stated and meaningful, that information saves us from potentially having to conduct our own reliability evaluations. Continue reading
When Merriam-Webster announced that its word of the year for 2023 was “authentic,” it did so with over a month to go in the calendar year.
Even then, the dictionary publisher was late to the game.
In a lexicographic form of Christmas creep, Collins English Dictionary announced its 2023 word of the year, “AI,” on Oct. 31. Cambridge University Press followed suit on Nov. 15 with “hallucinate,” a word used to refer to incorrect or misleading information provided by generative AI programs. Continue reading