HR Digest

NOVEMBER 9, 2023

Establish Benchmarks Make it a point to define industry and market benchmarks to compare your organization’s compensation practices. If our equitable compensation program guide is to be trusted, you need to identify relevant external benchmarks to understand prevailing salary ranges for similar roles in the market.

System 52

System How To Benchmarking Diversity 52

Six Disciplines

DECEMBER 6, 2013

It’s one thing to get good at something when you can hone your skills through repetition; it’s a completely different challenge to get good and stay good when the rules of the game keep changing with regard to competition, customer expectations, globalization, people issues, finance, technology, etc. All small businesses face them.

Benchmarking 117

Benchmarking Strategic Planning Finance Quality 117

N2Growth Blog

DECEMBER 13, 2010

If you’re looking to benchmark your leadership ability the following self examination will give you a baseline to build from. They are voracious learners always looking for better methods, different approaches, enhanced efficiencies, better technology and increased velocity. Want to find out? Section X: Results.

Blog 366

Blog Leadership Benchmarking Tactics 366

N2Growth Blog

AUGUST 23, 2010

In fact, if you're reading this text, just stop right now and benchmark your activity against your reflective thoughts – Is what you're doing, in alignment with your true priorities, or have you been sucked down into the weeds? The old "what if I only had 'x' number of hours to work in a week, what would I focus on?"

Blog 419

Blog Leadership Brand Depreciation 419

Women on Business

JANUARY 17, 2011

Create a Benchmark Traditional direct marketing always uses a control piece as the benchmark, generally with an A/B split test. Are they using email blasts, social networking, relationships with key bloggers? How does their e-marketing supplement their traditional marketing? The same idea works for e-marketing.

Marketing 162

Marketing Press Release Direct Marketing Discount 162

N2Growth Blog

APRIL 5, 2010

The three most critical items to focus on when conducting your planning are: Insure that personal accountability is present on any major benchmark, milestone or deliverable. In most cases your wins won’t put you out of business, but your losses most certainly can.

Contingency Plans 360

Contingency Plans Planning Blog Ryan 360

The Horizons Tracker

DECEMBER 10, 2019

It’s a situation that the EU’s European Institute of Innovation & Technology (EIT) is hoping to improve after it was awarded a 25% increase in its budget by the European Commission, in part to address the east-west entrepreneurial divide.

Entrepreneur 59

Entrepreneur Incubator Human Capital Education 59

N2Growth Blog

JANUARY 13, 2011

Deliverables, benchmarks, deadlines, and success metrics must be incorporated into the plan. Every task should be assigned and managed according to a plan and in the light of day. Measurable : Any new ideas being adopted must lead to measurable objectives. Timing : It must be detailed and deliverable on a schedule.

Blog 413

Blog Innovation Strategic Planning Brand 413

Harvard Business Review

OCTOBER 5, 2017

While flights of imagination from science-fiction writers, filmmakers, and techno-futurists involve things like flying cars and teleportation, in practice smart technology is making inroads in a piecemeal fashion, often in rather banal circumstances. The potential for technologies to enable smart societies is rising. trillion by 2026.

Benchmarking 8

Benchmarking Globalization Technology Policies 8

Strategy Driven

DECEMBER 19, 2019

For example: In the Finance Department, an objective could be to cut spending and improve profit margins. In Operations, you could introduce new technology or update your current software. Using KPIs as a benchmark, you can create a comparison between your past and future performance. Evaluate the Market.

Objective 13

Objective SWOT Benchmarking Analysis 13

N2Growth Blog

DECEMBER 5, 2010

A goal is a specific target and the objectives are the attainment components/benchmarks/hurdles which will lead you toward achieving said goal. An organization's purpose often changes over time as advances in technology, changes in customer demands/preferences, etc. impact the competitive arena.

Blog 395

Blog Mission Statement Tactics Objective 395

Harvard Business Review

MAY 17, 2018

The people analytics team was surprised — as was finance team in that country, which had no reason to benchmark themselves against other countries and had no idea that they were such a bright spot.

Process 13

Process Strategy Benchmarking Storytelling 13

Harvard Business Review

AUGUST 26, 2013

Charles D''Agostino, executive director of the Louisiana Business & Technology Center at Louisiana State University, offers some analysis: "Incubators do work, but they must be more than a real estate entity offering executive suite services. For them the goal is to achieve customer validation, not financing. It remains to be seen.

Incubator 14

Incubator Business Incubator Real Estate Venture Capitalist 14

Harvard Business Review

JANUARY 21, 2016

The mass customization model leverages technology to integrate a customized consumer experience with the efficiency of mass production processes —it has been applied successfully to numerous industries and specific applications, from jackets and running shoes , to automobiles and housing.

NPV 8

NPV Energy Efficiency Technology 8

Harvard Business Review

APRIL 23, 2013

Benchmark data isn''t sexy stuff, but occasionally the numbers reveal surprising findings. Who, for instance, would have guessed that global NGOs spend nearly 80% more to track their finances and employ nearly twice as many finance staff as comparable for-profit multinationals?

Globalization 8

Globalization NGO Benchmarking Decentralization 8

Harvard Business Review

APRIL 1, 2016

And how can companies benchmark themselves against competitors? The results show uneven progress: The technology sector comes out on top — no surprise there. Right behind it are media, finance, and professional services, all of which have far more sophisticated digital capabilities than the rest of the economy.

Industry 8

Industry Benchmarking Supply Chain Health Care 8

Harvard Business Review

JULY 31, 2014

Second, changes in technology have dramatically lowered the cost of experimentation and create unprecedented transparency into problems, solutions, and results. How did Sal Khan finance his venture? First, Sal Khan could have continued in finance and made far more money than he does in a nonprofit.

Bond 9

Bond Education Finance Video 9

Harvard Business Review

SEPTEMBER 1, 2011

Technologies will change, distribution channels for content will change, usage environments will change. This is often the reason why thoughtful quantitative analysis that incorporates macro-economic trends, market share, competitive strategies, retail analysis and technological assessments so often misses the mark. Think about it.

Benchmarking 13

Benchmarking Maslow Analysis Trends 13

Harvard Business Review

FEBRUARY 3, 2014

Andy’s research was financed by DARPA at the university. The technology allows automated cleaning up of large code-bases, and was licensed back to the company by Stanford. As a result, we got a good deal from Benchmark Capital. Andy Chou, a PhD student at Stanford, also bootstrapped his company, Coverity, using services.

Productivity 8

Productivity Products Customer Intimacy Benchmarking 8

N2Growth Blog

AUGUST 5, 2010

Rather they should benchmark their decisions against the question of “is it the right thing to do?” OXYMORON …Great leaders are not politically correct, but they are politically savvy – there is a difference.

Politics 375

Politics Blog Leadership Diversity 375

Harvard Business Review

SEPTEMBER 9, 2013

Many have found success in industries like technology, mining, and construction. Today, the greatest number of multimillion-dollar women-owned businesses are in wholesale trade (20%), finance/insurance (12%), and transportation/warehousing (11%). In 1977, only 4.5% of privately held businesses were owned by women.

Venture Capitalist 8

Venture Capitalist Entrepreneur Benchmarking Health Care 8

Harvard Business Review

AUGUST 8, 2011

For those of us not in operations, supply chain, or logistics, it's a vaguely familiar line item we learned about in finance class. Full disclosure: Terra Technology was my client for this event.). We know it's important and that we're supposed to reduce it by increasing "turns.". But inventory is not a minor issue. I was wrong.

Energy 10

Energy Supply Chain Operations Benchmarking 10

Harvard Business Review

OCTOBER 17, 2017

The focus of people using a resources frame to understand sustainability is often on waste reduction and technological innovation. Today, we see growing interest in new business benchmarks and in potential breakthrough materials and forms of energy. The Moral Frame.

Morale 8

Morale EPS Supply Chain Politics 8

Harvard Business Review

SEPTEMBER 29, 2016

Generating new knowledge by conducting research, benchmarking, or bringing in “resident” artists or scientists whose interactions with employees can spark creativity.

Organization 8

Organization Development Mentor Incentives 8

Harvard Business Review

DECEMBER 9, 2013

I recently conducted an extensive research project involving more than one-hundred vice presidents of sales at top technology companies (software, cloud, computer hardware, and telecommunications) to better understand the art and science of managing a sales organization today. Percent of Organization Achieving Quota. Vertical Sales Adoption.

Metrics 8

Metrics Telecommunications Telemarketing Software 8

Harvard Business Review

FEBRUARY 2, 2016

You’ll often find customer relationship management within marketing, budgeting within finance, supply-chain management within operations, outsourcing within procurement, training within HR, and new product development within R&D. Business units come and go, but finance, HR, marketing, IT, legal, and R&D seem to last forever.

Development 8

Development Supply Chain Incentives Outsourcing 8

Harvard Business Review

OCTOBER 10, 2017

One reason for the paltry performance is that while other business areas, like sales or finance, are considered to be core functions, innovation is often considered to be something that’s “nice to have” rather than essential. And there’s a fundamental conflict between innovation and optimizing an existing operation.

Innovation 8

Innovation P&L ROI Long-term 8

Harvard Business Review

OCTOBER 10, 2013

Like any new business opportunity, data analytics will underdeliver on its potential without a clear strategy and well-articulated initiatives and benchmarks for success. Information & technology Leadership' Defining a data-analytics strategy.

Chief Financial Officer 8

Chief Financial Officer Information Technology Metrics CFO 8

Harvard Business Review

MAY 5, 2016

They see disrupted incumbents from retail, finance, health care, transportation, professional services, and manufacturing requiring radical restructuring of assets, productivity , and innovation. How best to draw actionable inspiration from Grove? .

Levitt 8

Levitt Disaggregation Kaizen Call Center 8

Harvard Business Review

DECEMBER 13, 2012

One winning finance group promoted an Excel macro that helped business units more easily calculate a key performance metric; an HR group from one division "stole" and repurposed the online 360 degree job review process from another. The competition thus incented both "supply" and "demand" of knowledge worth sharing. It worked well.

Incentives 8

Incentives Tools Benchmarking Innovation 8

Harvard Business Review

MAY 15, 2012

Less than three years ago, Facebook was valued at just 10B by Yuri Milner's Digital Sky Technologies. To offer a benchmark, at IPO Facebook will trade at a market value near that of Amazon — a company that has built an international distribution network, a media empire, and an unparalleled web services business.

IPO 11

IPO Advertising IRR Venture Funding 11

Harvard Business Review

SEPTEMBER 10, 2015

In the 1990s it subsidized venture capital, incubators, university R&D, and technology transfer programs. We selected this benchmark because it reflects the phase in which companies have proven product viability, achieved initial product/market fit, and are now expanding sales and growing more complex operations.

Venture Capitalist 8

Venture Capitalist Entrepreneur Marketing IPO 8

Harvard Business Review

AUGUST 5, 2014

To hit P&L targets, for instance, the CMO at one technology company focused on shortening the sales cycle. The CMO also worked with the finance office and product managers to link pricing and benchmark data into the RFP process, which improved quality and response times.

P&L 8

P&L Banking Marketing Call Center 8

Harvard Business Review

MAY 8, 2017

How have the firm’s growth, profits, and stock performance compared to a relevant benchmark (NASDAQ for a tech company, for example, or DAX Index for a German firm) during the transformation period? How effectively has the company adapted its legacy business to change and disruption, giving it new life? Financial performance.

Franchising 12

Franchising CEO Business Model Strategy 12