Musings about Leadership, Decision Making, and Competitive Strategy
Wednesday, February 23, 2022
Strategic Deterrence: P&G, Clorox, and the Bleach Category
Thursday, February 17, 2022
Louis Vuitton, Luxury Brands, & Inflation
The Wall Street Journal reports today that Louis Vuitton "increased its handbag prices globally this week, in some cases by double-digit percentages, according to Bernstein Research." Louis Vuitton, of course, is a major brand house within the global luxury brand conglomerate, LVMH. The parent company owns a variety of luxury brands including Bulgari, Givenchy, Tiffany, Christian Dior, Moët & Chandon, and Dom Pérignon. Last year, I published a case study about LVMH's acquisition of the American jeweler, Tiffany. Thus, I took special interest in this news today.
Monday, February 14, 2022
Becoming More Resilient: Three Excellent Tips
1. Focus on learning from our own successes and others' failures. Eskreis-Winkler reminds us that attribution bias causes individuals to struggle when it comes to learning from our own failures. That inability to reflect and learn from our failures inhibits our resilience at work. She explains: “People do not struggle to learn from their own success. Nor do they struggle to learn from others’ failures. Someone else’s failure is not upsetting or threatening. It’s just information." In short, promote learning whenever you can, and recognize that some forms of learning are much easier to accomplish than others. Use attribution bias to your advantage!
Wednesday, February 09, 2022
The Fall of Peloton
Thursday, February 03, 2022
Best Practices for Virtual Meetings
Two years into the pandemic, we have all become quite accustomed to virtual meetings. For some of us, we feel as though our teams have improved their ability to communicate and collaborate virtually. Others have encountered various frustrations and grappled with Zoom fatigue. Recognizing these challenges, Kellogg School Professor Leigh Thompson has offered us three important recommendations for improving virtual meetings.
1. Work on engaging in constructive conflict with others. Start with low-stakes situations and decisions, and use those discussions as an opportunity to build your team's capability to have thoughtful, productive, and positive debates. Thompson explains in this excerpt from a Kellogg Insight article about her work: