It’s a relevant and intriguing story of how one employee at Kroger, Michael Kullen, wrote a 6 page letter to a Kroger VP, encouraging them to consider a different business model. He was not taken seriously, resigned from Kroger and opened his own grocery chain called King Kullen. It is considered Americas First Supermarket due to it having separate departments; self-service; discount pricing; chain marketing; and volume dealing. In 2007 King Kullen had revenues of $800 million and operates 32 stores in New York state.
”It only takes a split second to smile and forget, yet to someone that needed it, it can last a lifetime.”
I like this quote from the founder and CEO of Visa. I believe “thinking out of the box” is a challenge for many of us when your mind is fulled with preconceived notions and ideas. I am also reasonably convinced there is strong correlation between the longer you continue to use and believe the existing ideas, the harder it is to get them out …
Considering a startup? Try use these questions in context to see if it helps you decide:
Here is a paper I wrote (with 3 colleagues) on the graft and fraud within The Odebrecht Group.
December 11, 2018
The Odebrecht Group, established in 1944, was once a flourishing family run business that grew into a $40 billion conglomerate. The company operates within the construction and engineering industry through the development of infrastructure and energy projects. During a money laundering investigation in 2015, The Odebrecht Group was found to be a key company at the center of one of the largest bribery and corruption scandals in the world. The company admitted to using deceitful tactics to gain business around the globe. These tactics proved not only to be contradictory to the company’s guiding principles, but also against the law in many countries. Since this unethical behavior came to light, the company has faced many financial and reputational repercussions. However, The Odebrecht Group is currently making strides to better its compliance programs and leadership. To further these efforts, the company should establish practices to improve the company’s overall ethical culture, enhance ethical leadership commitment and build upon compliance monitoring structures.
Did you know that heredity is the most dominant factor in your personality? An intriguing example of this is the “Jim Twins”:
One example of the amazing similarity of twins reared apart is the so-called “Jim twins”. These twins were adopted at the age of four weeks. Both of the adopting couples, unknown to each other, named their son James. Upon reunion of the twins when they were 39 years old, Jim and Jim have learned that: