Project management company Basecamp's co-founders have discontinued "paternalistic" benefits such as fitness allowances, ceased 360 performance reviews, suspended diversity and inclusion committee work and forbidden discussions of societal politics on work accounts. "Companies ... must settle the collective difference, pick a point, and navigate towards somewhere, lest they get stuck circling nowhere," writes co-founder Jason Fried, reflecting on the infinite variations in what people want.
Kevin Plank, Under Armour's CEO, started the company in 1995 using his savings and credit cards, bringing in only $17,000 in sales in the company's first year, and last year it was valued at $4.48 billion. This article looks at what it took to scale and gives advice for entrepreneurs, including sticking with the idea even if success isn't immediate.
Incorporate collaboration between humans and machines rather than fighting artificial intelligence to make strategic planning as effective as possible, Ganes Kesari advises. Kesari writes that such "collective intelligence" can encourage people to be involved and make it easier to replicate strategic steps throughout the organization.
General Mills is sourcing 100% of its top 10 key ingredients sustainably, according to its 2021 Global Responsibility Report. The report also finds General Mills has expanded its regenerative agriculture pilots to include 70,000 acres and is now the US' largest producer of organic and natural packaged food.
New technology, including machine learning and artificial intelligence, allows businesses to efficiently respond to internal and external disruptions and changes. Procurement can begin the transformation needed to enable dynamic decision-making, improve sourcing insights, upskill workers and improve agility and flexibility, writes Keith Hausmann.
Agility is critical for supply chain resilience, according to Deloitte's recent Global Chief Procurement Officer Survey, in which CPOs shared insights on their digital transformations and capabilities. The survey also contains 26 actions to support agility including assessing current gaps, developing an agile mindset and developing a digital strategy.