Harvard Business Review

NOVEMBER 6, 2013

From my experience heading Scotland’s National Health Service from 2010 until last August (and before as its director of health care policy and strategy), I know that such constraints can unleash innovations that will lead to better care — and better health — for communities. A fixed budget forces you to invest in wellness.

Health Care 8

Health Care Constraint Budgeting Quality 8

Strategy Driven

DECEMBER 15, 2010

What will happen if you add a channel, trim budget for another or initiate a new contact policy? The best way to allocate resources depends on the nature of the resources, the constraints at hand and the organization’s mission. In each case the answer is it depends. Of course, it’s the “defined sense” that makes things murky.

Resources 50

Resources Process Constraint Objective 50

Harvard Business Review

JUNE 13, 2012

And their intuition isn't baseless: As the bottom-of-the-pyramid concept shifted into the public eye and attracted the criticism of the development sector, the standards for judging the impact of a venture aiming to serve low-income consumers seemed to get a lot tougher. The term "selling to the poor" has become almost a pejorative.

Microfinance 12

Microfinance Prahalad Bottom-up Banking 12

Harvard Business Review

OCTOBER 21, 2016

This can disrupt a firm’s ability to operate on schedule and budget. Managing risks therefore requires making investment decisions today for longer-term capacity building and developing adaptive strategies. “Stranded assets” are investments that become obsolete due to regulatory, environmental, or market constraints.

Supply Chain 8

Supply Chain Price Loyalty Efficiency 8

Harvard Business Review

NOVEMBER 11, 2013

Develop standards for QIPs. Develop standards for meaningful participation by individual physicians. These standards were developed in partnership with the Mayo Clinic Quality Academy, which oversees teaching, training, coaching, and supporting Mayo’s 60,000 staff to improve patient outcomes, safety, and service.

Quality 8

Quality Mayo System Six Sigma 8

Harvard Business Review

SEPTEMBER 5, 2013

For example, a few years ago the top executive team at UBS Wealth Management realized that the biggest constraint on their future growth was their cumbersome and conservative budgeting process. In terms of taking something away, there are many management processes in large firms that are ripe for simplification.

Productivity 8

Productivity Products Peer Review Short-term 8