Planning – understand-culture

Troubled by supply chain woes, German firms diversify and relocate

November 2021. Reuters. More than half of German companies doing business abroad are suffering severe problems in their supply chains or logistics, pushing them to diversify suppliers, shorten delivery routes and even relocate their own production, a survey showed on Tuesday.

The German economy has boomed on the back of globalisation over the past decade. But pandemic-related disruptions in the worldwide network of supply chains that used to turbo-charge its growth engine are now proving a critical weakness.

What Goes on in a Perfectionist’s Brain

Many people see perfectionism as essential for success. After all, setting high standards and achieving big goals can feel very rewarding.

Researchers at the University of Cologne wanted to get a better sense of perfectionism at the neurobiological level.

Not only that, high Personal Standard Perfectionism scorers’ brain activity also showed a slowing-down process after they made errors, which could allow them to learn from their mistakes and eventually correct course.

What is business agility

Business agility refers to rapid, continuous, and systematic evolutionary adaptation and entrepreneurial innovation directed at gaining and maintaining competitive advantage. Business agility can be sustained by maintaining and adapting the goods and services offered to meet with customer demands, adjusting to the marketplace changes in a business environment, and taking advantage of available human resources.

In a business context, agility is the ability of an organization to rapidly adapt to market and environmental changes in productive and cost-effective ways. An extension of this concept is the agile enterprise, which refers to an organization that uses key principles of complex adaptive systems and complexity science to achieve success. Business agility is the outcome of organizational intelligence.