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How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 These transformations typically involve a profound change in how a business operates, encompassing people, process, and technology. This raises some pertinent questions.

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Learning & Development’s Role in Operational Efficiencies in 2022

HR Digest

Training Remote Managers. According to Mckinsey & Company , “Leaders have an essential role to play in developing solutions to tackle these challenges.” Managers will increasingly need to take up more innovative roles to manage disparate and dispersed teams. Operations Before Experiences.

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How to Tie Executive Compensation to Sustainability

Harvard Business Review

Compensation committees often start by tying bonuses and long-term incentives to goals related to compliance and risk management. Boards should demand entirely new kinds of strategic thinking from management, the kind of thinking that not only makes the company more sustainable but also aids suppliers and customers in becoming so.

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What It Will Take to Fix HR

Harvard Business Review

In the July/August issue of HBR , Ram Charan argues that the Chief Human Resources Officer (CHRO) role should be eliminated, with HR responsibilities funneled in two separate directions — administration , led by traditional HR-types, reporting to the CFO; and talent strategy , led by high-potential line managers, reporting to the corner office.

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How Companies Are Already Using AI

Harvard Business Review

And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. For example, only 2% are using artificial intelligence to monitor internal legal compliance, and only 3% to detect procurement fraud (e.g., Could Liberate 50% of Managers' Time. bribes and kickbacks). Related Video.

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A Better Metric for the Value of a Worker Training Program

Harvard Business Review

For the last two years we have been implementing Generation, a youth employment program that is part of the McKinsey Social Initiative. For example, once Generation managers realized the power of CPED, they used it to make operational improvements. Generation is also developing tools to improve data collection and management.

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The Power of Beliefs to Move Markets and Mindsets

Harvard Business Review

For more than two years, we and others have been talking about the need to shift the prevailing view among managers, boards of directors and investors from "quarterly capitalism" to what we call "capitalism for the long term". The global financial markets are an extraordinary information processing engine.