Let's hope there's more inspiration in the family yet to come...
http://on.wsj.com/1SKRIqR
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LEGO Americana Roadshow: Building Across America I just checked out this traveling exhibition from LEGO and was quite impressed. The scale ... -
Merry Christmas, everyone!
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When we let politics trump science, people are needlessly put in harm's way. http://arstechnica.com/science/2017/01/self-censoring-fears...
Well, at least I know I came in a close second; I'll tell the wife we won't be moving to Denmark.
ReplyDelete"You can never get too many bricks.”
ReplyDeletevery wise words :)
I remember when the owner promised there would never be guns in the Lego universe.
ReplyDeleteHe lied. Never forget.
John Lewis but there's no bullets
ReplyDeleteYou forgot the wink face.
ReplyDeleteMatt Schofield Oh, for sure; Knudstorp is essential. But, that said, the family still does have a financial lock on the company, so it has massive power that it could exert over LEGO's fate if it wanted to.
ReplyDeleteCraig Froehle I agree, the Kristiansen family have been great stakeholders for Lego. But most of my work here in LatAm is with regional family-owned businesses, and perhaps that gives me a particular appreciation for the genius of Knudstorp in turning the company around and keeping Lego present in my kids lives. If you read Spanish, a bit more on the challenges this kind of business faces http://www.slideshare.net/DrMattSchofield/negocios-familiares-vp
ReplyDeleteMatt Schofield I get the sense that the culture has shifted at LEGO, away from the family-run operations it was in the 90s to the truly global, modern corporation it is now. I expect Thomas gets that.
ReplyDeleteMatt Schofield Yep, I've taught a case study about LEGO in my Ops Strategy course. Thanks for the references.
ReplyDeleteCraig Froehle I've got lots more references if you need them. Family business is a little different, longer-term oriented, with a lower cost of capital through the cycle because they don't follow fads the way public companies pandering to shareholders typically do. Lots to learn.
ReplyDeleteMatt Schofield Yes, I've often lamented that chasing quarterly financial results has caused companies around the world to make too many decisions that are good in the short-term but disastrous in the long-term. Privately held companies tend to do that less, which is a good thing.
ReplyDelete