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Thought Leadership

Thought Leadership2020-02-24T10:50:18-06:00
1Apr, 2017

Borders – April Fools Day cautionary tale

By |April 1st, 2017|Categories: April Fools Day|

The bookstore giant Borders at one time operated over 500 stores and employed 20,000 people.  From these highs, the company crashed quickly - so quickly that most people had no idea it was going under until it did. The debts were high, and the income wasn’t high enough. No one, including publishers, wanted the bookstore to die, but it couldn’t be resuscitated.   What Happened to Borders It started in the 1970s in Ann Arbor. Tom and Louis Borders created an inventory tracking system that was as intelligent as computer systems allowed at the time. In addition to their books, the Borders’ brothers licensed out their inventory system starting in the 1980s. This enabled them to expand their store into Michigan and Philadelphia.  From their they launched nationwide. In 1991, Borders was sold to KMart, who was interested in both their stores and their inventory system. This was the start [...]

5Jun, 2016

Why We Build Trust First for Innovation Success

By |June 5th, 2016|Categories: Digital Transformation, Innovation, Transitional Leadership|

"Build Trust First" is Innovation Vista's unique methodology for all engagements relating to change, transformation and transition.  We believe not only that it leads to success; we believe something like it is absolutely necessary for success! Gartner reports that 75% of Digital Transformation initiatives will fail, highlighting particularly higher risks when these are seen as "IT Projects".  That is a daunting estimate, but one based on real facts and track records.   ..and one we believe is based on human nature...   Trust is a universal Human Need Turbo-charger   Although we apply this approach to IT-driven transformation, it is truly in effect in every aspect of our lives.  Myriad leadership studies have proven the connection between success/efficiency/effectiveness and trust.  And each of us can confirm in our own lives the "difference" between situations where trust was absent vs. present; it is not difficult to recall in which situations we were at [...]

1Apr, 2016

Blockbuster – April Fools Day cautionary tale

By |April 1st, 2016|Categories: April Fools Day, Innovative Success|

It is a hallmark of the disruptive nature of digitalization that it has turned the tables on surprised companies who have gone from industry leaders to bankrupt has-beens in relatively short periods of time.  In an effort to encourage our clients to avoid similar thought traps, and to commemorate and analyze a few of the most famous of these failures, Innovation Vista is initiating an annual "April Fool's Day" article series.  We are pleased to kickoff this series with the sad & strange case of Blockbuster.   The Multiple Missed Opportunities of Blockbuster with Netflix The disruption of the video rental industry is very unique in that the industry leader had multiple chances to purchase, and then to partner with, its disruptor, less than a decade from its own bankruptcy. To our knowledge, this seems to be the best example of opportunity of this kind being offered, and of course, [...]