Reinventing the Store: Implementing Strategic Change at the Ground Level

Overturning an existing power structure is generally the business of revolutionaries-not retailers. But a few industry leaders are turning the traditional hierarchy upside down. They are shifting power from the corporate headquarters down to the individual stores. In doing so, they are tapping into and leveraging the ideas, talents and energy of the most important competitive weapon they have in their arsenal-their store teams.

When … [ Read more ]

The House That Blackjack Built

How card whiz Blair Hull parlayed a $25,000 casino stake into a trading empire worth more than $500 million.

Editor’s Note: though not offering a lot of real value, this is an interesting look at the relationship between the world of gambling and investment banking.

The 2002 Value Creation Index: A Prescription for Pharmaceutical Health

The pharmaceutical industry is at a familiar crossroad: The forces that have rocked pharmaceutical companies over the past century are intensifying, and challenges from the new century are emerging at an equally intense pace. Companies are continuing to grapple with shorter periods of drug exclusivity, proliferation of generic competition, uncertain market growth for ethical products, and rising costs for research and development (R&D). At the … [ Read more ]