Ritesh

32 Flips | 3 Magazines | 5 Following | @ritesh_dedhia | Keep up with Ritesh on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Ritesh”

Strategy Is All About Practice

I have never seen anybody become good at strategy without practice. It may happen, but I have never seen it. I doubt that I will see it, because strategy is a discipline. Like any discipline, you have to believe in it and work at it to become skilled; both mindset and effort are required to make …

Tesla’s Model S: Technology Outruns the Business Model

The Tesla Model S, arguably the most promising all-electric contender for a slice of the luxury sedan market, was panned recently by New York Times reporter John Broder, who finished his test-drive on the back of a flatbed truck. Elon Musk, co-founder of Tesla Motors, was quick to respond with …

Algorithms Don’t Feel, People Do

There’s a reason why creative people in advertising get out of bed in the morning. It’s about making someone feel something — an emotion — in order to get them to act later. As we ponder a future of advertising bathed in delivering customized messages to each person, in their precise place on their …

The Best Companies Combine Marketing and Strategy

My dear friend AG Lafley and I have written a book called <i>Playing to Win: How Strategy Really Works</i> and we are gratified by all of the positive reviews — The Economist, the Financial Times, Fortune, etc. Even on Amazon.com, the reviews have been 100% 4’s and 5’s.<p>But sometimes those 4’s inspire a …

When Big Companies Fall, Entrepreneurship Rises

When a whale dies, the 30-100 ton body — or “whale fall” — slowly, silently sinks to the ocean bottom where it becomes the wellspring of a complex new microcosm of seabed flora and fauna that can thrive for well over half a century. These new ecosystems with their hundreds of species from …

Big Data Means More Than Big Profits

Big Data is all the rage in Silicon Valley. From Facebook to Netflix, companies are tracking and analyzing our searches, our purchases, and just about every other online activity that will give them more insight into who we are and what we want. And though they use the massive sets of data they …

Your Business Needs Insight, Not Just Pretty Pictures

In 2007, if you were a Starbucks shareholder and you opened your annual financial report, the first meaningful information you encountered was this:<p>And if you read the “narrative” annual report from that year, the first thing you saw was this:<p>Last year, if you were a Starbucks shareholder, you only …

Nonprofits: Master “Medium Data” Before Tackling Big Data

Every day humanity adds approximately 2.5 quintillion bytes of data to our collective store of knowledge. Looking over this treasure trove, scientists, financiers, and business leaders are justifiably giddy about the potential of Big Data. For the nonprofit community, Big Data also offers immense …

The Case for Crafting a Big Data Plan

There’s a growing appreciation among executives that the returns from big data are real indeed. But that doesn’t make moving forward any easier. The investment, both in dollars and management commitment, can be large. CIOs stress the need to entirely remake data architecture and applications. …

Four Ways to Market Like a Startup

The culture of “big” — big budgets, big campaigns, big reports — has driven marketing decisions and budgets for decades. But “big” is often cumbersome and slow. In an age when consumers decide within seconds whether or not to abandon a web site, big marketers need to act more like agile startups, …

How Criticizing in Private Undermines Your Team

You are holding your weekly team leadership meeting. You are discussing with your direct reports how to handle the project delays that have caused the team to miss its quarterly numbers. You know that Ted — one of your direct reports — contributed to missing the numbers by missing two key …

The Most Effective Strategies for Success

For years, I’ve been trying to convince people that success is not about who you <i>are</i>, but about what you <i>do</i>.<p>Roughly two years ago, I wrote about the “Nine Things Successful People Do Differently,” which became HBR’s most-read piece of content over that time span. It was a list of strategies, based on …

Understanding the Stages of Retail

When Ron Johnson took over the helm at J. C. Penney in November 2011 with a mandate to turn the ailing retailer around, all eyes were on him. He had an amazing legacy: Senior VP of Retail Operations at Apple pioneering the concept of the Apple Retail stores and the Genius Bar. Before that, he was …

A Data Scientist’s Real Job: Storytelling

Every morning at DoSomething.org, our computers greet us with a report containing over 350 million data points tracking our organization’s performance. Our challenge as data scientists is to translate this haystack of information into guidance for staff so they can make smart decisions — whether …

Invest in Proprietary Data for Competitive Advantage

Nearly 30 years ago, Stephen Brand made one of the more prescient observations about the unfolding data revolution: “On the one hand, information wants to be expensive, because it’s so valuable. The right information in the right place just changes your life. On the other hand, information wants to …

When Presenting Your Data, Get to the Point Fast

Projecting your data on slides puts you at an immediate disadvantage: When you’re giving a presentation, people can’t pull the numbers in for a closer look or take as much time to examine them as they can with a report or a white paper. That’s why you need to direct their attention. What do you …

How to Write the Dreaded Self-Appraisal

No one likes review time. For many, self-appraisals are a particularly annoying part of the process. What can you say about your own performance? How can you be honest without coming off as arrogant, or shooting yourself in the foot?<p><b>What the Experts Say</b><br>Dick Grote, author of <i>How to Be Good at</i> …

The Hidden Biases in Big Data

This looks to be the year that we reach peak big data hype. From wildly popular big data conferences to columns in major newspapers, the business and science worlds are focused on how large datasets can give insight on previously intractable challenges. The hype becomes problematic when it leads to …

Change Management Is Bigger Than Leadership

If an organization needs to undergo significant change, that’s a leadership issue, right? Old dogs will learn new tricks when the lead dog — or ape, or penguin, depending on the management fable of the moment — shows them off. Leaders need to craft compelling elevator speeches, relentlessly deliver …

Will Moneyball Analytics Kill Loyalty and Leadership?

Future potential matters (much) more than past performance. That’s the new quantitative consensus reshaping professional sports worldwide. After looking hard at the numbers and algorithms, the smartest — and richest — general managers and franchises have made up their collective minds: They’re not …

Seven Rules for Managing Creative-But-Difficult People

Moody, erratic, eccentric, and arrogant? Perhaps — but you can’t just get rid of them. In fact, unless you learn to get the best out of your creative employees, you will sooner or later end up filing for bankruptcy. Conversely, if you just hire and promote people who are friendly and easy to …

To Innovate, Find What’s Hiding in Plain Sight

In our last post, we asked the question, “What’s the connection between counting squares and innovation?” In order to come up with the answer, we presented you with the following figure and asked you how many squares you could find. It turns out, the answer isn’t so simple.<p>It was clear that this …

What’s the Connection Between Counting Squares and Innovation?

Take a look at the following figure, and then consider the questions below.<p>How many squares are there in this picture?<br>• How did you arrive at this number?<br>• What connection (if any) do you see between this exercise and breakthrough innovation?<p>We will provide the answers to these three questions in a …

Don’t Let Your Strengths Become Your Weaknesses

Perhaps the biggest fad to sweep through management in the last decade was the strengths movement. Its message was that you should build on natural talent to maximize strengths rather than try to improve weaknesses. It was the brainchild of Donald Clifton, the late grandfather of Positive …

Project Managers Should Share Their Stress

Project managers tend to hold their cards pretty close to the vest. Sure, they may post or circulate some sort of general progress chart. But the telling, nitty-gritty details — percent complete, cost overruns, and so on — usually stay on a private little spreadsheet, safely tucked away in the PM’s …