Since inception, Lego has produced over 650 billion pieces. That’s nearly 93 blocks for every person on the planet. They’ve also manufactured 4 billion lego mini figures – one small Lego ‘person’ for every 1.75 people on earth.
Ten years ago, Lego was struggling on every financial front and headed toward ruin; however, they turned the business around and put themselves in a strong position. In the past five years alone, the company has quadrupled revenue while growing net income by 9% and gobbling up market share.
Here are 4 Business Building Blocks uncovered along the way.Lego Leadership Lessons
Patrick Leddin, PhD is a sought after writer, speaker, and global leadership consultant. Patrick is an Associate Professor at Vanderbilt University with a thriving leadership blog and podcast, and 25-years of leadership experience. He offers an unparalleled mix of academic rigor and real-world experience.