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Preparing Your Business for COVID-19

Lead Change Blog

There are three cognitive biases, in particular, that you need to watch out for where the COVID-19 pandemic is concerned: Normalcy Bias — The brain causes us to assume things will keep going as they normally have been, and we assess the near-term future based on our short-term past experience. You should, too. Conclusion.

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What’s in your transformation zone now?

Lead Change Blog

Direction—short, mid and long-term—then becomes the province of all, not just you. Be a strategist – you will need to think bigger picture and longer-term to embrace the pace of change, shifts in business models, and emerging markets ahead, primarily because opportunity always comes hand in hand with a recession.

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Preview Thursday: Benefit Corporation Law and Governance: Pursuing Profit with Purpose

Lead Change Blog

It has gone largely unremarked that 35 states introduced a new corporate governance model in the past decade. Yet the introduction of the “benefit corporation” gives leaders an opportunity to remake our business culture, and perhaps save the planet from our very human short-term bias.

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Financial Reporting Can Harm Innovation

The Horizons Tracker

New research from The Business School shows that relaxation in reporting frequency would help the long-term thinking that is so important for innovation to thrive. This significantly inhibits investment in innovation because managers worry about the impact of this on short-term expenditure. Long-term bets.

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How Big Companies Can (and do) Innovate Like a Start-Up

Leading Blog

In Creative Construction , Gary Pisano says that when big organizations fail to innovate, the root cause is often related to “management practice and leadership than with organizational scale per se.” A good strategy helps a company clarify the tradeoffs that will be needed to make between short-term improvements and long-term opportunities.

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Diversification Putting Pressure on FinTech Executives

N2Growth Blog

Because we often run short of time, it is easy to prioritize more immediate issues, but ultimately such choices are bound to backfire. Another aspect of the challenges faced by FinTech leaders is managing teams through a series of transformations successfully. To do so, successful management of their expectations is essential.

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Covid Triggered Digital Transformation, But Was It Really Transformative?

The Horizons Tracker

The study also revealed innovations in non-technical fields, such as the introduction of new management practices and business models. While these innovations could be regarded as reactionary and short-term, the firms themselves believe they will endure post-pandemic. Early adoption. Return on investment.