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1974: The Flixborough disaster, UK’s worst industrial accident. The explosion at the chemical plant killed 28 workers in North Lincolnshire. Almost all the buildings in the neighborhood flattened, further injuring 36 people due to the blast. Multiple investigations exposed that the plant was hastily executed with certain modifications that forged the leak of liquid from […]

In the year 2000, when Starbucks CEO Howard Schulz stepped down from the position, things began to taper off. Later in 2008, when he joined back, Starbucks stocks decreased to the point where the end seemed impending. However, Schulz did not give up, the near end inspired him and the top management to capitalize on […]

When I was younger, whenever my parents asked me where I wanted to go out, my instant response was almost always “McDonald’s!”. When they would ask why McDonald’s, I used to fumble a bit and then would say how the food was really delicious there. Now, as I have become older and wiser, I can […]

In sales, numbers matter! If you are continuously calling people, attending meetings, booking events, shaking hands, and maintaining data, your chances of closing a high-profit deal might increase drastically. But even if you have it all, is it sufficient? No. Sales leaders or an executive gunning for the top shot cannot rely on their intuitions […]

Imagine yourself as the captain of a ship. Rather than spending your time watching the horizon worrying about the weather, you would want to get your ship there and back safely. Similar is the drive of those handling company sales projects. They want to do a good job by managing the different operations like sales […]

Every business organization that has envisioned itself to reach the highest peak recognizes its most critical asset - the customer, one with needs and wants. But is that enough? No! Organizations have to develop a unique competitive advantage, differentiating them from the competition and offering the customers what they do not get from others.    […]

1929: Edwin Link built Pilot Maker, the first-ever flight simulator and rationally the first example of an artificial environment simulated by technology, which was later used by the US air force in 1934 to train more than 5 lakh pilots during World War II    1968: Morton Heilig conceptualized the Sensorama Simulator, an immersive cinematic […]

An IT network follows an arc aiming to connect all computers and devices concerned in a company, allowing the staff to create a bootstrapping network across the organization. The primitive concept for such networking emerged in the late 50s, when several mathematical models surfaced for the purpose of operations research. Though these models had extreme […]

In the 1980s, Jack Welch faced complex challenges as the new CEO of GE, including stagnant growth and a complex organizational structure. Welch implemented the transformative Six Sigma business framework to enhance quality and efficiency. Reducing process defects and variation was the main guiding principle that Welch believed in. He saw Six Sigma as the […]

The key to a stable foundation for every business organization is a solid plan of action. Still, the biggest mistake they make is performing last-minute scabby activities. Due to this, the important steps are often neglected for an otherwise smooth application.    For instance, software programmers develop software in one place (development environment) using tools […]