“People were so excited and then things just went back to business as usual.” “Leadership announced our new innovation initiatives at the company-wide meeting but then I didn’t hear another word about it.” “There was a lot of fanfare in the beginning but then it just fizzled out kind of like every other initiative so …
It seems like a simple question. One that you would expect to lead to some risk mitigation behavior, but it doesn’t. And when you consider that companies are spending an increasing amount of their budget on technology and working to transform their operations to be more digital in order to provide a better experience for …
After the World Economic Forum meeting in Davos drew to a close, Martin Reeves, Senior Partner & Managing Director, Director of the BCG Henderson Institute shared his reflections of the event with the Boston Consulting Group. Whilst discussion trended down global economic growth, they also elevated risks on a number of fronts, spanning the whole …
A vast majority of executives, more than 80% according to sources, consider innovation to be paramount for the future success of their organization. Yet, very few of them are succeeding in it. A McKinsey study, for example, puts the number of executives who are satisfied with their innovation performance at 6%. There’s clearly a huge …
Design Thinking attempts to extract the mindset of a designer, an artist, a creator, or even a child into a series of steps that can be applied to any discipline (even business or politics) to solve human-centered problems. Its steps are so logical that we can’t imagine anyone opposing them. — Why wouldn’t you speak …
Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are January’s twenty most …
In my last blog I described how important it is to unleash the power of innovative entrepreneurship in our digital & connected world. How doing this manifests an optimistic, abundant & positive futures that: Maximises the potential of entrepreneurs to see & solve 21st century wicked problems, innovate new businesses that successfully compete, achieve exponential & sustainable growth …
The past few decades have seen the world become an ever more interconnected place, with the problems we face increasingly complex. The latest Global Risks Report from the World Economic Forum highlights the need for collective action to help tackle crises ranging from climate change to cyber attacks. One such challenge is that of plastic …
Raj Sisodia is the Professor of Global Business, Babson College, Co-founder & Co-Chairman, Conscious Capitalism, Inc. Raj has written ten books and over 100 academic articles.   Q: How does short-term investment work with Conscious Capitalism? A: It doesn’t. Most speculators are shrewd masters. The biases toward quarterly bottom line stock price gains mean that …
Food for Thought is my new pop-up restaurant where people who can think (our innovation experts) serve their ideas to people who can’t (everyone else).  STARTERS The Next Big Thing It’s different every day! Dip a genetically modified Quorn™ chip into “a new generation” grand statement from an opinionated innovation expert. Choice of three classic …
Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are December’s twenty most …
I was shocked to see in my calendar that it’s exactly 30 years since I exited my corporate career as a top retail executive at the now defunct Coles-Myer Group. I also realized that it’s also my 30-year anniversary as a serial entrepreneur who is not only still in a SME business, but is ploughing …
Just how do leaders energise their people to embrace change? The need for change is constant in a constantly changing business environment. Unfortunately, the failure rate of change projects has little changed in recent years, despite the increasing use of agile methods. According to a 2012 McKinsey study, 17% of change projects conclude so disastrously …
The restaurant industry is undergoing a major shift which corresponds with the retail industry, which is rapidly moving towards the digital world, online sales and digital apps. A recent report highlights how the restaurant industry is embracing digitization – and is increasingly dependent on digital and delivery sales. According to a report from Zacks, analysts …
From the 2018 Conscious Capitalism Annual Conference, the largest gathering of Conscious Capitalists dedicated to elevating humanity through business.   Practicum: B Corp 101 Led by Kim Coupounas, B Lab   What if your company managed its impact with as much rigor as it manages its financials? Here are the areas of measurement: Governance. Workers. …
Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are November’s twenty most …
Strategy is More Important than Ever Many have pronounced “Strategy is dead.” Citing the speed with which new technologies are emerging and the perpetual changes to market conditions, consultants and executives alike are claiming that it is no longer possible to craft a meaningful long-term strategy. “Strategy” must be adaptable and ever-evolving. The word has …
Drum roll please… At the beginning of each month we will profile the twenty posts from the previous month that generated the most traffic to Innovation Excellence. We also publish a weekly Top 8 as part of our FREE email newsletter. Did your favorite make the cut? But enough delay, here are October’s twenty most …

Amazon launched a new delivery option for Prime members in the US today, just ahead of the holiday gift-giving season. The invite-only program is curiously called Amazon Day, not to be mistaken for Amazon’s yearly Prime Day shopping event, as spotted by CNET.

Through Amazon Day, you can set the day of the week when you prefer all of your shipments to arrive. So far, the program is only open to a small group of users by invite, although Amazon plans to add more users in the coming months. You’ll be able to see if you were invited through the Amazon homepage and see the option in checkout. Amazon told The Verge in a statement, “Amazon is always innovating and looking for new ways to surprise and delight our customers, and we’re excited to be testing a new service aimed at making the delivery experience more convenient for customers.”

For instance, if you always work from home on Fridays, you can set it up so that all of the packages that you order throughout the week arrive on Friday (as long as the orders are made at least two days before). If you’re in the program, the option should appear when you check out and pick your shipping option.

If you join the Amazon Day program, you’ll still be able to use other available options like free two-day shipping on each order. And if weekend deliveries are available in your area, you could also set Saturday to be your designated delivery day.

The Amazon Day option is mostly coming to products that are already fulfilled by Prime two-day shipping. It’s a way for users to cut down on excess packaging since orders will be shipped in fewer boxes rather than one bag and box per item. It could also streamline orders to make the replenishing of certain products, like paper towels or other household goods, more predictable.

At the same time, Amazon’s bottom line could also benefit from the decrease in packaging and multiple shipments. Amazon reported higher fulfillment costs this quarter by nearly $2 billion, and part of that is the cost of packaging. If the company can shave down that number while keeping the number of orders rising, it could significantly improve its retail profit margins, which have always been a small sliver of net sales.