Lego Hit a Wall Because It Grew Too Quickly. Here's How to Pace Your Company

Lego holds a special place in millions of childhoods. The universal appeal of the bricks has endured for over 80 years and helped it dominate the global toy industry. So when Lego unexpectedly announced a percent drop in profits last week, and that it would consequently being laying off eight percent of its workforce, many people were left scratching their heads. What on earth went wrong?

After coming back from the brink Lego has being growing rapidly in recent years; reporting double digits for the best part of a decade. During that time it hired and spent aggressively while tripling its workforce. But as it grew it became more and more complex with new product lines and franchises.

Chairman, Jorgen Vig Knudstorp, says the whole company will undergo a “reset” featuring cost-cutting, both via layoffs and a simpler business model that will entail “a clean-up of inventories across the entire value chain.”

Lego was not pacing for growth; as they grew rapidly they added more and more complexity and eventually hit their maximum capacity. Their strategy was all about executing growth but neglected to build the capabilities that they would need to sustain that growth for the future.

Strategy is only strategic when it allows you to decide what to do and what not to do. Focus is only focused when it allows you to do less or say no more often.

Here are five ways you can use focus to drive lasting growth for your business

1. Use focus to drive absolute clarity.

Just because we have the people or capital we need to launch a new product, enter a new market, or roll out a new sales tool doesn’t mean we should do it. Focus requires saying no to opportunities, tasks, and ideas that have less merit than other opportunities, tasks, and ideas.

We have to decide if the effort needed to attain the outcome is worth the time and other resources. The right focus stops people from doing some things so that they can do other things.

2. Use focus to invest energy disproportionately.

Every business has limited resources. Even in a cash-rich enterprise or well-funded start-up, resources like time and deep expertise are often in short supply. When we focus the resources that most matter to driving growth, they have more impact.

We can only achieve this focus by stopping some activities. Growth leaders understand that you can only build capacity for growth by conserving time and energy by making tough choices.

3. Use focus to align vertically.

Top-down or vertical alignment ensures that all levels of the organization understand and focus on delivering what is needed today as they develop themselves for the future. This is not possible when the business, team, or individuals are always maxed out.

4. Use focus to align horizontally.

Horizontal alignment means reaching out across the business to ensure it is delivering the right product to the right customer in the right way at the right time. This chain of activities involves almost every function in the business.

Horizontal alignment allows decision makers across the chain of activities ending with the customer to make good decisions together–at the right speed–to maximize benefit to the company, not just their particular piece of it, and for the customer.

5. Use focus to conserve resources for growth.

We waste so much energy when we lack focus and alignment across the different functions of the business. By learning to focus and then align people and other resources to that focus, you can conserve time and energy that can be used to build new capabilities for growth.

Lego has a fantastic core product, an extremely strong brand and is company that knows how to pivot and make a comeback. Although there will be some painful times ahead, this new strategy of simplification will hopefully give them the focus they need to recover and find a more sustainable pace of growth for the future.

Tech

5 people Tim Cook calls for advice on running the biggest company in the world

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It’s only fitting that the leader of the biggest company in the world has a pretty impressive list of friends. 

In an extended interview with the Washington Post, Apple’s top executive offered new insight into how he’s handled some of the bigger decisions he’s made in his five years as CEO. Among the revelations: a casual list of some of the biggest names in business and politics who he has called upon for advice in years past.

“I think it’s incumbent on a CEO to not just listen to points of view but to actually solicit them,” Tim Cook said in the interview. “Because I think, if not, you quickly become insular. And you’re sort of living in the echo chamber.” Read more…

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Sony sets up a new company to develop mobile games

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Two months since Sony announced it was merging its PlayStation division firms into a single entity, its gaming arm has formed ForwardWorks, a new company that will focus on developing mobile games. Set to begin operations on April 1 — the same day as the recently named firm Sony Interactive Entertainment — the company will “leverage the intellectual property of the numerous PlayStation® dedicated software titles and its gaming characters” to create new “full-fledged” titles for mobile users in Japan and Asia. Sony hasn’t said when we might see the first releases from ForwardWorks. It’ll be interesting to see how…

This story continues at The Next Web


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Report: BMW X3 diesel emissions exceed EU regulations, company stock falls

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The reverberation of the Volkswagen tailpipe emissions scandal is still being felt across the industry, pulling other brands under the harsh light of scrutiny.

According to a report out from Germany’s Auto Bild, the Nitrous Oxide (NOx) tailpipe emissions of BMW’s X3 diesel compact crossover exceed European regulations. In fact, the car’s respiratory-harming NOx emissions exceeded future Euro 6 emissions levels — set to go into effect in 2017 — by as much as 11 times.

The report is based upon tests performed in October, 2014, by the International Council on Clean Transport (ICCT), the independent nonprofit focused on clean energy that originally discovered VW’s emissions cheating. Read more…

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This Batshit Crazy Company Wants to Build Mobile Private Islands

Yachts are for chumps. People who really know how to spend their money get submersible yachts from Migaloo, a mysterious company that offers five different models of underwater palaces. But true evil villains just go for the Migaloo’s crown jewel: Kokomo Ailand.

Read more…


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Connecting to the Future: Wireless Infrastructure Service Company…

RCR Wireless News release a new report that takes an inside look at the wireless infrastructure industry and how it plays an increasingly important role in the U.S. economy.

(PRWeb August 20, 2015)

Read the full story at http://www.prweb.com/releases/2015/08/prweb12912057.htm


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Looking For A Web Host For Your Company? Look Here!

What if you could get free web hosting? Sounds great, right? Some companies offer you this, while stating that all they need in return is for you to post their ad in a small area of your web page. They don’t tell you that unreliability might be one of the other trade-offs. Read on for more insight into what makes a good web hosting service and why you might be better off paying for one.

If you are considering using a particular web hosting site, read reviews about it. Specifically, check for reviews written by users of the site’s hosting services. Just as you wouldn’t make a major electronics purchase without first checking out product reviews, nor should you bypass looking at reviews for web hosting sites you’re considering using. Doing this now can save you frustration further down the road.

Stay away from a web host who has an issue with automating or properly administrating the most basic and necessary aspect of business. If you see they have issues with their billing and payments, then try to stay away from them since this usually means that they will have many other issues including having frequent site outages.

Consider how much downtime the web host will have when looking for one. These downtimes vary from 10% to .000001%. This means that there could be hours of downtime per week or as little as seconds. Select a host with the lowest amount of downtime that you can find.

Not only do you need to select a good web hosting company, but you need to select the right package. Usually the more expensive the package, the more bandwidth you receive as well as disk space. Disk space is important because it is where all of your pages and site information is stored. You need a large amount of disk space in order to have an advanced site.

If you’re going to use a web hosting company, make sure it’s not in danger of going out of business. Find out how long the company has been in business, and whether they have been profitable. If the company goes out of business, you could also lose access to all of the data that was stored on their servers in addition to having your website go offline.

There’s no question that free web hosting is useful to some people. It depends on the reason for your website. If you plan on doing business online, use the tips above to help choose a web hosting company that can give you fast, reliable service so that you can build a strong business foundation upon which to grow your sales.

What is the market value of the company “OnLive?

Question by : What is the market value of the company “OnLive?
It is a technology company, is in the entertainment industry.
His solution is to deliver games on demand, in the technique of “cloud computing”.
Here the official site.

http://www.onlive.com/

I think the OnLive is listed on the NASDAQ index, is not it?
Well then, what is its value in U.S. dollars?

Best answer:

Answer by jlf
It’s a privately-held starteup.

Add your own answer in the comments!

Q&A: What is the market value of the company “OnLive?

Question by : What is the market value of the company “OnLive?
It is a technology company, is in the entertainment industry.
His solution is to deliver games on demand, in the technique of “cloud computing”.
Here the official site.

http://www.onlive.com/

I think the OnLive is listed on the NASDAQ index, is not it?
Well then, what is its value in U.S. dollars?

Best answer:

Answer by jlf
It’s a privately-held starteup.

Add your own answer in the comments!

Q&A: What is the market value of the company “OnLive?

Question by : What is the market value of the company “OnLive?
It is a technology company, is in the entertainment industry.
His solution is to deliver games on demand, in the technique of “cloud computing”.
Here the official site.

http://www.onlive.com/

I think the OnLive is listed on the NASDAQ index, is not it?
Well then, what is its value in U.S. dollars?

Best answer:

Answer by jlf
It’s a privately-held starteup.

Add your own answer in the comments!