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TOP TEN MOST CURRENT BUSINESS TACTICS

The things that keep business moving continue to change. Stay on top with these 10 best practices.

The 10 Most Important Trends in Business

BY: Haydn Shaughnessy, Contributor

What is the single most important trend in business today? If there was a beauty contest or an arm wrestle to decide, then the big surprise would be the sheer number of contestants. Limiting the list to the ten most important trends in business today, there is a strong case for singling out just one of those as the most important.  What would it be for you?

For me it is radical adjacency,  a strategy that I have written about before.  Also on the list are:

Ten Trends
The emergence of a new type of business ecosystem, new ways to scale businesses, the emergence of a different type of leader and leader values, the rise of the global middle class, the new global division of labor, the ‘universal connector‘ or mechanisms through which business can be conducted anonymously at huge scale, the business platform, cloud infrastructure, the externalising of talent and in particular the rise of the bottom of the pyramid as a source of innovation.

These ten trends or developments are allowing companies like Apple and Amazon to cast a wholly new form of business. But the development is not confined to Apple and Amazon.

Tencent in China, NHN in Korea, Thomson Reuters, USAA, BigPoint Games, Facebook of course,  Google up to a point, all could lay a claim to appropriating five or more of these key trends and turning them to great advantage as could some surprising traditional brands such as Unilever. Unilever is also exceptional in workings its adjacencies through in the Indian market.

The topic of what makes the new generation of high performance businesses special is one that I’ve been researching with my colleague Nick Vitalari. We’re incorporating the results and thinking into in a new book. We are uploading chapters to the web from today onwards.

The book is called The Elastic Enterprise, a term we hope captures the sense that a new way to scale business, at low cost, has now emerged.

We’d really appreciate if you would join the debate here on Forbes or at The Elastic Enterprise.

Our argument is there are five pillars to the Elastic Enterprise and companies that migrate to these five pillars fastest and with sufficient competence are the ones that are returning often amazingly good results in a troubled economy. They are more than bucking the bad times though, they are creating a new manifesto for business.

So of the ten most important business trends we see five of them being especially significant – and each of these allows companies to drive significant radical adjacency moves.

Radical adjacency
Why is radical adjacency so important?

A radical adjacency is an acquisition or market move that takes the buyer or executing company into areas where its management has no, or little, current experience.

Traditionally, any kind of adjacency has been fraught with danger. Chunka Mui reiterates the point here on Forbes. A Bain study of 1,850 companies concluded that most sustained profitable growth does come when a company pushes its core business into an adjacent space. But 75 percent of companies that tried moving into adjacent markets, failed.

The adjacency moves we are seeing now are not just simple adjacencies into near-by markets. Apple from computing into music and mobile phones, NHN from search into games and payments, Tencent moving between IM,  games and payments, USAA moving into auto-buying advice and home-buying services, Amazon and Cloud, Kindle and, soon, tablet devices.

Continue reading this article at Forbes.com

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10 BEST BUSINESS MOVES OF ALL TIME

How do you make the transition from small-time to big-time or from mediocre to successful? Take a page from those who have already done it. These are some of the most intelligent business moves of all time. Check out what worked the best!

INC. shares…

1. Gaming the system When Jack Stack and his partners bought Springfield Remanufacturing in 1983, they needed everyone’s best efforts to turn it around. So they invented the Great Game of Business, a mechanism for tapping into employees’ intelligence and enthusiasm by teaching them to think like owners. The company has thrived by giving employees a stake, arming them with financial data, and teaching them how their actions affect profits.

2. Meet the press Quad/Graphics is the world’s largest privately held printing company, in part because of founder Harry Quadracci‘s decision to educate not just employees but also customers. In the 1970s, Quadracci began running printing seminars. Twice a year, 35 clients would gather at Camp/Quad to be enlightened about offset presses and color separation. The training helped Quad’s customers be better at their jobs, which generated goodwill — and more orders for Quad.

3. How sausage companies are made In 1982, unhappy with employees’ attitudes and performance, Ralph Stayer, CEO of Johnsonville Sausage, hired a humanities professor from the University of Wisconsin to help him understand the deficiencies in his leadership. Stayer used the insights he gained to revamp his management style and his business, pushing decisions and responsibilities down the hierarchy and making people want to listen rather than just making them listen.

4. Whistle blow while you work “Always communicate without fear of retribution.” That was one of the tenets on which Patrick Kelly and his partners founded Physician Sales and Service in 1983. Kelly wasn’t kidding: He encouraged employees to report shoddy performance by their supervisors. If the complaint was justified and the boss proved intransigent, often the boss was outta there.

5. They are also served who only wait Uncomfortable chairs. Cold coffee. Issues ofPeople magazine older than Cloris Leachman. So go the waiting rooms at most auto service shops. When Barry Steinberg launched Direct Tire and Auto Service in the 1970s, he insisted on bright, clean waiting areas with comfortable chairs and good coffee. To ensure employees would be chipper no matter the time of day, he interviewed applicants on three days at three different times. The myriad service awards still look great on Direct Tire’s pristine walls.

6. When the chips are down In 1977, Debbi Fields opened her first Mrs. Fields store and set hourly sales goals. As her cookie empire grew, Fields implemented an elaborate software program to guide store manager behavior — again, on an hourly basis. Cash registers at each store fed data directly into the system, which told managers their goals for the next 60 minutes and made suggestions when they were in danger of falling short. Mrs. Fields — now up to 380 stores — is still renowned for its IT-enabled management.

7. The circus comes to town In 1984, Connecticut grocery impresario Stew Leonard was contemplating opening a second store. (His first store, a 100,000-square-foot carnival featuring a petting zoo and cows dancing in the aisles, was already a $100 million success.) Before finalizing the new location, he wanted to do a little market research — Stew Leonard style. He pitched a big tent on the site and invited prospective customers to stop and bend his ear.

8. They roll their own For more than 40 years, Norman Rautiola‘s Nartron Corporationhas designed and manufactured not only electrical systems but also virtually all the components that go into them. Rautiola is fanatical about creating the parts in-house — that way, everything is optimized for his products. The process also develops employees’ technical expertise and gives Nartron opportunities to innovate.

9. Learn to earn In 1984, Tom Golisano, founder of Paychex, established an eight-week sales curriculum for new hires taught by a full-time faculty. The program cost as much as $18,000 per student, but most graduates were selling at 75 percent of quota in four months.

10. Tough mother Gert and Tim Boyle of Columbia Sportswear realized in the mid-’80s that there was marketing gold in the power dynamics of their mother-son relationship. In their most memorable commercial, she made him walk through a car wash to demonstrate a waterproof parka.

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10 EASIEST WAYS TO SAVE MONEY EACH MONTH

As the economy continues to plummet it might be a good idea to begin pinching pennies. These tips may seem obvious, but you would be surprised by how easy it is to cut costs and how little you really will be sacrificing. Try these ideas to build wealth instead of lose it!

Moneyning.com recommends…

1. Cell Phone – Remember megetting a few hundred dollars for switching cell phone carriers? What I didn’t mention is that many people are starting to look into prepaid plans as well. The per minute cost may be high but if you never experienced having your ears burn because you talk too much on the phone, you probably can save some money by paying as you go.

2. Home Phone – I don’t have a home phone and I have no idea why the business model still exists. Do you have one still? That’s so 1980s…

3. Internet – Have you looked into the different technology (and thus, options) available to you? Could you actually buy an Internet capable phone and hook it up to a PC (a feature known as tethering) to get essentially the same service for a fraction of the cost?

4. TV – The case is made countless times but I bet many of you still pay way too much for your favorite shows. There are many legal ways to watch TV online like hulu.com and if you are a movie buff, there’s always the idea of using a Netflix coupon to get some free service.

5. Gym Membership – Gym? Do you actually go? Most people are going after a healthy and fit body instead of becoming a muscle man (or lady). The fittest people are always the ones who go out to jog every day. They run on the road, on the beach and in the parks. You don’t need to smell other people’s sweat and pay a bunch of money just to stay fit right?

6. Clubs, Newsletters, Subscriptions – Enough said. Unless they provide real value, stop paying for it.

7. Electricity – Many tricks we know, but in order to save money every month, we have to change our habits. Turn off the lights and electronics whenever it’s not needed, dial down the water heater to 112 degrees, open the windows instead of using A/C are all simple ways to not only save but to put less strain on the overall environment.

8. Pills – It’s easy to switch your subscriptions to generic brands and best of all, it’s almost always cheaper. (Stole this tip from Frugal Dad. Check out his list at the bottom of the post)

9. Cars – Oil changes and regular maintenance may be out of your league but wash your own cars. Please.

10. Insurance Companies – Call the representatives regularly and see if there is a better deal (remember their competition as well). If everyone does this, it may even create more jobs.

TOP 10 LONGEST ROAD TUNNELS OF THE WORLD

TOP 10 LONGEST BRIDGES OF THE WORLD

10 World Biggest Holes on Earth

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Top 10 Most Visited Parks

1. Great Smoky Mountains

Clouds obscure a valley in Great Smoky Mountains National Park. The nation’s busiest park, Great Smoky Mountains draws more than nine million visitors a year, twice the number of any other national park. It's located in Tennessee and North Carolina.

Great Smoky Mountains

Fog casts a veil over Clingmans Dome, the highest point in the Great Smoky Mountains at 6,643 feet. The park preserves the world’s best examples of deciduous forest and a matchless variety of plants and animals.

2. Grand Canyon

The setting sun strikes the Grand Canyon's North Rim. Nearly five million people travel to the canyon each year.

Grand Canyon

A visitor takes in the view from the South Rim of Arizona’s Grand Canyon. Ninety percent of travelers first see the canyon from the South Rim, but crowds can be avoided by hiking the park’s many trails or driving to the cool evergreen forests of the North Rim.

3. Yosemite

The 317-foot Vernal Fall is seen from a gorge in California’s Yosemite National Park. In addition to waterfalls, the park boasts deep valleys, ancient sequoias, and hundreds of animal species.

Yosemite

Winter sunlight appears to set Yosemite National Park’s Horsetail Fall aflame. The third most visited national park, Yosemite is also a UNESCO World Heritage site.

4. Yellowstone

Fog from a nearby hot spring nearly conceals two bison grazing on winter grasses in Yellowstone National Park. The park is also home to elk, bighorn sheep, grizzly bears, and other Rocky Mountain fauna.

Yellowstone

The Lone Star Geyser erupts in Yellowstone National Park. Located in Wyoming, Idaho, and Montana, the park has more geysers and hot springs than anywhere else on Earth.

5. Rocky Mountain

Sweeping vistas are a main attraction at Rocky Mountain National Park in Colorado. The park contains 150 lakes and 450 miles of streams, plus ecosystems ranging from wetlands to pine forests to montane areas to alpine tundra.

Rocky Mountain

An elk in Rocky Mountain National Park, Colorado. A wide variety of animals inhabit the park, including beaver, elk, and bighorn sheep, as well as many bird species.

6. Olympic

Rock outcroppings called sea stacks are home to birds and other animals on the Pacific shore of Washington’s Olympic National Park. The shore is one of three distinct ecosystems within the park.

Olympic

Olympic National Park encompasses 1,441 square miles of the Olympic Peninsula. Because of the park’s relatively unspoiled condition and outstanding scenery, UNESCO has declared it both an international biosphere reserve and a World Heritage site.

7. Grand Teton

Autumn brings vibrant color to a valley in Wyoming’s Grand Teton National Park. Though visitors can enjoy the park year-round, September and October bring pleasant days, brisk nights, fewer crowds, and a better chance of seeing elk than in summer.

Grand Teton

The peaks of the Teton Range are seen at sunrise from Schwabacher Landing, a popular viewing point. Unencumbered by foothills, the regal and imposing peaks make one of the boldest geologic statements in the Rockies.

8. Zion

Rising in Utah’s high plateau country, the Virgin River carves its way through Zion Canyon to the desert below. The park’s striking vertical topography—rock towers, sandstone canyons, and sharp cliffs—attracts 2.5 million visitors a year.

Zion

A climber tests a sandstone boulder in Utah’s Zion National Park. Established in 1919, Zion has more than 100 miles of wilderness trails crisscrossing the backcountry.

9. Acadia

Sea and mountain meet at Acadia National Park in Maine. Most of the park is on Mount Desert Island, a patchwork of parkland, private property, and seaside villages.

Acadia

Eagle Lake is visible from a wooded hill at Acadia National Park. The park has more than 120 miles of hiking trails, which range from easy strolls along the ocean to steep climbs up Cadillac and other mountains.

10. Cuyahoga Valley

Although Brandywine Falls draws most of the tourists to Ohio’s Cuyahoga Valley National Park, less crowded Blue Hen Falls, pictured here, offers an oasis in the middle of a heavily forested valley.

Cuyahoga Valley

A cardinal perches on a branch along the popular Towpath Trail at Cuyahoga Valley National Park. Established in 2000, the park features marshes with abundant wildlife, vistas of tree-covered hills, and secluded trails through rugged gorges

The 10 Most Expensive Vehicles of U.S. Military

01. Northrop Grumman B-2 Spirit

The Northrop Grumman B-2 Spirit, better known as the Stealth Bomber, can launch conventional and nuclear weapons against the most heavily protected enemy lines on earth thanks to its ability to evade radar detection. Originally, it was supposed to be manufactured in a run of 132, but it was so expensive that the initial 1987 order was slashed to 21.

The cost of the B-2 program in 1997 was $737 million, or just over $1 billion today. Combined with procurement costs, the B-2 Spirit costs over $2 billion. The craft was first used during the Kosovo War in 1999, and it has been used successfully in Iraq and Afghanistan as well

02. Bell-Boeing V-22 Osprey

The Bell-Boeing V-22 Osprey is a versatile aircraft with vertical takeoff and landing capabilities similar to those of a helicopter. However, it’s much faster than any existing chopper and it can fly at speeds as high as those of conventional turboprop airplanes. It was first used for combat in 2007 in Iraq, and the Marine Corps intends to use them in Afghanistan by late 2011.

Unfortunately, the Osprey was plagued by a series of accidents during its design and testing phase between 1991 and 2000, and during that period the aircraft was involved in multiple accidents that caused thirty fatalities. Since 2008, the Osprey program has cost $27 billion, and as of 2010, each unit has cost $67 million.

03. USS George H.W. Bush (CVN-77)

Named for World War II veteran and former President of the United States, George H. W. Bush, the USS George H.W. Bush (CVN-77) is the final Nimitz supercarrier to be produced for the US Navy. It was commissioned in 2001 and built by Northrop Grumman for a cost of $6.2 billion.

The carrier was completed in 2009, and is docked in Virginia. At almost 1,100 feet in length, it’s one of the longest warships in the world. Its top speed is over 30 knots, which it reaches with the help of two onboard nuclear reactors. This power source is capable of keeping the ship running for more than twenty years without once having to refuel.

04. Lockheed Martin F-35 Lightning II

The F-35 Lightning II was developed as part of a joint program between the US, the UK and other allies known as the Joint Strike Fighter program. It was developed for use in air, ground and reconnaissance missions, it has a wingspan of 35 feet and a length of over 51 feet. Its internal fuel capacity is over 18,000 pounds and it can reach speeds of 1,200 miles per hour.

The F-35 Lightning II is armed with a 4-barreled Gatling cannon and eight types of missiles, and if all else fails, it also has a B61 nuclear bomb. The cost for one aircraft is $122 million. The US plans to purchase over 2,000 units, at a cost of $323 billion. When this deal was cut in 2001, it made Lockheed Martin the recipient of the largest military contract in history.

05. McDonnell Douglas F/A-18 Hornet

The F/A-18 Hornet was introduced by McDonnell Douglas and is manufactured by Boeing, who acquired the company in 1997. After making it maiden voyage in 1978, it was introduced in 1983 and since then, it has been used in a variety of capacities. It was used in Operation Desert Storm, and it’s the featured aircraft of the Blue Angels, the U.S. Navy’s Flight Demonstration Squadron. However, its primary functions are reconnaissance and air support.

The Hornet can reach a maximum speed of 1190 miles per hour, and it can climb up to 50,000 feet in a minute. Outside of the US, the fighter is used by the armed forces of such countries as Australia, Canada and Switzerland, and it has appeared in the 1996 science fiction film Independence Day as the aircraft used to defeat the alien menace. A 2006 report by the US Navy estimated that the cost of one unit is $57 million.

06. Boeing EA-18G Growler

The Boeing EA-18G Growler is a carrier-based fighter used for electronic warfare. It can disrupt radar and jam an enemy communication system with electromagnetic radiation and directed-energy weapons. Because of its use as an electronic warfare fighter, it carries no guns, although it carries missiles for self-defense.

The Growler is a modified version of the F/A-18F Super Hornet, and it’s relatively new; it went into production in 2007 and only began operating in September 2009. The aircraft has a wingspan of over 44 feet and a length of over 60 feet. According to the US Navy, it costs $67 million to manufacture a single unit.

07. Expeditionary Fighting Vehicle

The Expeditionary Fighting Vehicle had its fifteen minutes of fame when 2008 presidential candidate John McCain cited the amphibious assault vehicle as the basis for a costly program that was wasting billions of taxpayer dollars. Developed for the US Marine Corps, it is deployed at sea and transports a full marine rifle squad to shore, then operates on land with the full capabilities of a tank.

The Expeditionary Fighting Vehicle is manufactured by General Dynamics, and the cost for each unit is over $22 million. To date, the program, which is expected to be complete in 2015, has a project cost of $15 billion, $3 billion of which has already been spent. T

08. Grumman E-2D Advanced Hawkeye

The E-2 Hawkeye is an airborne early warning aircraft that dates back to the 1960s. It has been upgraded to the E-2B and E-2C models when advances were made to its radar and communications capabilities, but the most recent model, the E-2D Advanced Hawkeye, is the most sophisticated yet. It features a new radar system that triples the craft’s ability to monitor territory.

The E-2D Advanced Hawkeye, which took its first flight in 2007, costs $232 million to produce. It features a brand new avionics suite, complete with satellite communications capability, and the capability for midair refueling. According to Northrup Grumman, the aircraft began delivery to the US Navy in 2010.

09. Boeing C-17 Globemaster III

The C17A Globemaster III is a military transport aircraft in operation since 1993. The plane, which can drop over 100 paratroopers into a war zone at one time, has been used to move troops into Iraq and Afghanistan, and has also been used to deliver humanitarian aid and perform medical evacuations.

The price for one unit is $191 million. McDonnell Douglas developed it during the 1980s for strategic and tactical airlift, and it’s used by the militaries of the U . K . and Canada, as well as by NATO. Both the United Arab Emirates and India are planning to use the aircraft as well.

10. Lockheed Martin F-22 Raptor

According to its manufacturer, Lockheed Martin, the F-22 Raptor is the best combat aircraft on earth. While this might seem tantamount to saying your son is brilliant, one look at the aircraft’s capabilities actually bears out the manufacturer’s statement. It can break the sound barrier, it can avoid detection by radar and it can shoot down cruise missiles.