𧱠Lego CEO emphasizes the importance of taking responsibility and not blaming external factors for business development.
π The CEO highlights the significance of heritage values in the digital marketplace and the importance of combining physical and digital aspects in the company's vision.
π The CEO discusses the need to learn from past mistakes and avoid overexpansion, focusing on strategic growth every three to five years.
π Lego made the mistake of pursuing multiple adjacencies too quickly, which led to a loss of focus on their core business.
π Initially, Lego didn't have a clear strategy for their transformation and instead focused on detailed action plans to regain confidence.
π± Rather than aiming for immediate growth, Lego focused on stabilizing and increasing productivity before pursuing organic growth.
π‘ The key to achieving your vision is to act your way into a new way of thinking.
π Implementing a visual Factory system helped drive change and improve performance.
π£οΈ Engaging in candid dialogues with employees provides valuable insights and avenues to the truth.
π Being present and taking action is crucial for top managers and CEOs to demonstrate importance and innovation.
π‘ Leadership practice should be valued and developed just like other professions.
π² A company's unique reason for existence should guide its strategy and decision-making.
Lego's uniqueness lies in its building system, where pieces can be easily assembled and disassembled.
Consistent quality in molding is crucial for Lego, as they produce a large number of pieces daily.
Efficient management of production and inventory is key to Lego's competitive advantage.
π The importance of understanding the purpose and existence of a business.
π€ The role of the CEO in questioning and reinventing organizational design.
π΄ββοΈ Optimizing performance by improving multiple factors incrementally.
π‘ Creating a good work-life balance is challenging, but important.
βοΈ As the CEO of an international company, work-life balance may be difficult to achieve.
π¨βπ§βπ¦ The speaker prioritizes his own family and work over personal leisure activities.
π’ Different jobs require different levels of work-life balance.
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