Imagine that, as a new executive at a retail company with stagnating sales, you’re tasked with finding new ways to grow revenues. After studying the market, you propose a new line of products to be sold in all of your locations. Upon launching the new product line, however, sales aren’t as robust as expected, so you introduce price promotions and give the new lineup more prominent store placement. Yet sales still don’t budge.
When you visit stores to investigate, you find that some locations haven’t rearranged the store layout and others haven’t stocked the inventory they received weeks ago. A sales associate at one location is confused about which of your several products are new, while the manager at your most popular location tells you that overall sales have declined since the store was rearranged around the new lineup because regular customers can’t find the products they’re used to purchasing.
Back at headquarters, you study your company’s employee and customer metrics and find a high rate of employee turnover and harsh customer reviews about the level of service they receive, all dating back years. In this environment, what if, before adding new products and promotions, you first considered subtraction?
Although this is a hypothetical example, it’s been a surprisingly common state of affairs at several companies my colleagues and I have worked with through the Good Jobs Institute, a nonprofit I cofounded in 2017 to help leaders set their employees up to succeed.
この記事は MIT Sloan Management Review の Summer 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は MIT Sloan Management Review の Summer 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Ask Sanyin: How Do You Build for an Unpredictable Future?
While the pandemic was a wild ride of uncertainty for me and many of my peers in leadership, it feels like we never regained our footing.
What You Still Can't Say at Work
Most people know what can’t be said in their organization. But leaders can apply these techniques to break through the unwritten rules that make people self-censor.
Make Character Count in Hiring and Promoting
Most managers focus on competencies when evaluating candidates but it’s character that will transform the DNA of the organization. Here’s how to assess it.
Why Influence Is a Two-Way Street
Managers achieve better outcomes when they prioritize collaborative decision-making over powers of persuasion.
Know Your Data to Harness Federated Machine Learning
A collaborative approach to training AI models can yield better results, but it requires finding partners with data that complements your own.
How Integrating DEI Into Strategy Lifts Performance
Incorporating diversity, equity, and inclusion practices into core business planning can provide a competitive edge.
The Myth of the Sustainable Consumer
Companies that understand the different kinds of consumers for sustainable products can market to them more effectively.
A Practical Guide to Gaining Value From LLMs
Getting a return from generative AI investments requires a systematic approach to analyzing appropriate use cases.
Improve Workflows by Managing Bottlenecks
Understand whether process or resource constraints are stalling work.
Craft Schedules That Work for Everyone
Business leaders can improve retention and business performance with schedules that make sense for workers’ lives.
