Harvard Business Review

NOVEMBER 30, 2018

And the same applies to the affected workers: The tight labor market means there are opportunities for those who go through retraining. For example, the Lordstown, Ohio, factory that makes the Chevy Cruze is running one shift a day, down from three a few years ago, and last year produced 180,000 vehicles, down from 248,000 in 2013.

Restructuring 8

Restructuring Fixed Costs Consensus Operations 8

Harvard Business Review

JUNE 2, 2015

Cisco and Xerox, for example, have seen poor results. firms with structures organized around customers would grow from 32% to 52% as firms raced to build customer-centric organizations, and he interviewed companies including IBM and Systems Group that had announced customer-centric restructurings. Is there a flaw in the logic?

Restructuring 8

Restructuring Company Henderson Health Care 8

Strategy Driven

MARCH 18, 2011

In The Essential Advantage : How to Win with a Capabilities-Driven Strategy , Booz & Company’s Paul Leinwand and Cesare Mainardi maintain that success in any market accrues to firms with a coherence premium – a tight match between their strategic direction and the capabilities that make them unique. Let’s go after it.”

Resources 52

Resources Industry System Strategy 52

Harvard Business Review

DECEMBER 1, 2016

Here’s an example to put this into context. One large media organization faces large incumbent players and operates in a market that is growing quickly. Rather than using traditional top-down management practices, the company organized itself into small business units, each of which operates in a local geography.

CEO 8

CEO Metrics Leadership Business Model 8

Harvard Business Review

JANUARY 30, 2017

Consider two examples. He had extensive market knowledge and a stellar track record. Although good at scaling and operating a sales organization, the leader was unable to succeed in a rapidly changing environment that needed experimentation and nimbleness. Again, it took more than three years to undo the damage.

Restructuring 8

Restructuring Health Care Self-aware Short-term 8

Harvard Business Review

SEPTEMBER 1, 2017

It is the second smallest market in Latin America — a sharp difference compared with only a few years ago, when it used to compete with markets such as Argentina, Chile, and Colombia as the third largest market in the region, after Brazil and Mexico. Venezuela represented only 1% of total revenues.

Sharpe 8

Sharpe Price Politics Supply Chain 8

Harvard Business Review

JANUARY 29, 2018

For the former, we examined the presence and market penetration of disruptor companies; we also considered incumbents’ financial performance. For the latter, we measured incumbents’ operational efficiency, commitment to innovation, and defenses against attack. Supermarkets are a case in point.

Industry 8

Industry Fixed Assets Retail Market Penetration 8

Harvard Business Review

JUNE 20, 2014

But she also realized that the company needed to develop greater marketing muscle to drive a commercial transformation. As she put it, “Our markets are going through dynamic change. It must be marketing. And she put marketing in charge of an organization-wide growth program. Who should lead our transformation?

CEO 8

CEO Marketing Hotels Long-term 8

Harvard Business Review

JUNE 29, 2016

We expect the drone market to surge to nearly $7 billion by 2020 globally, driven by regulatory clarification, continuously decreasing component costs, and – most important– ongoing innovation that connects drone capabilities to big-data analytics.

Competitive Advantage 8

Competitive Advantage Company Outsourcing Analysis 8

Harvard Business Review

DECEMBER 27, 2016

For example, Google’s restructuring into Alphabet highlighted just how much the company is spending on new businesses, from self-driving cars to space exploration and more. But those that do account for half of the net value created in the global stock market in a given year.

Company 9

Company Supply Chain Retail Bureaucracy 9

Harvard Business Review

MARCH 8, 2017

This initial lack of commercial players and interests was critical — it allowed the formation of a network architecture that shared resources in a way that would not have occurred in a market-driven system. For example, transactions must satisfy certain rules before they can be accepted into the Bitcoin blockchain.

Banking 18

Banking Media Decentralization Technology 18

Harvard Business Review

APRIL 5, 2017

While a laudable effort in principle, measuring a company’s tendency to make myopic operating and investing decisions is fiendishly complex. But the other indicators probably pick up legitimate differences in how companies in the sample operate, as opposed to whether they are myopic. Consider three examples.

EPS 8

EPS Metrics Depreciation Short-term 8

Harvard Business Review

MAY 23, 2012

Gathering Type 2 feedback lets you take a fundamental look at whether your repeatable model remains competitive and whether there are discontinuities in the market that could undermine it. For example, few Western companies today are shifting sufficient resources fast enough to growth markets in the developing world.

Merchandising 13

Merchandising Metrics Restructuring Library 13

Harvard Business Review

SEPTEMBER 9, 2015

The essence of the phenomenon is the fact that each stage in the supply chain plans its capital projects and operations, including inventory levels, based on its future expectations. Macroeconomic data during the 2008 financial crisis show the bullwhip effect operating on a much broader scale. For example , U.S.

Supply Chain 8

Supply Chain Retail Crisis Operations 8

Harvard Business Review

MAY 3, 2018

These gold coasts are home to nine of the top 10, and 18 of the top 20, internet companies, as measured by market capitalization. and China that were able to take advantage of large domestic markets to achieve scale and to surround themselves with rich ecosystems of startups, suppliers, complements, and customers.

Company 8

Company Venture Capitalist GDP Retail 8

Harvard Business Review

SEPTEMBER 13, 2018

It restructured its operations in the Netherlands by reorganizing 3,500 employees into agile squads. The ING Bank example shows how the planning process is still necessary and essential to an agile company although in a different fashion with different processes, mechanisms and routines.

Agility 14

Agility Planning Fayol Strategic Planning 14

Harvard Business Review

JULY 28, 2016

Technology has emerged as a competitive weapon in driving operational excellence and superior service quality. For example, from telecommunication companies to fintech entrepreneurs, African banking fees and commissions are under tremendous presure. Most still put marketing managers in nice cars to look for clients.

Banking 8

Banking Industry Disintermediation Offshoring 8

Harvard Business Review

FEBRUARY 14, 2011

Although it is too early to tell if Tunisia and Egypt will prove the exceptions rather than the rule when it comes to dramatic political transitions in the Middle East, multinationals operating in the region have already faced significant losses. Again, once it starts, political turmoil tends to spread across borders.

Strategy 13

Strategy Politics Short-term Long-term 13

Harvard Business Review

APRIL 23, 2018

Since the Apollo program, NASA has faced funding cuts, competition from other nations for space leadership, and a radical restructuring of its operating environment due to the emergence of commercial space – all of which have forced the organization to change its ways of thinking and operating.

Budgeting 8

Budgeting Technology Innovation Operations 8

Harvard Business Review

FEBRUARY 24, 2015

The first category is exogenous factors over which the business has little control: the growth of the markets into which it sells; the competitive intensity and thus the average profitability of the industry in which it operates; or the fragmentation of its industry and thus the scope for a growth-by-acquisition approach.

Chemicals 8

Chemicals How To Kahneman Reputation 8

Harvard Business Review

MAY 25, 2017

Other firms have ventured down this path, including the conglomerate Wesfarmers , with its 200,000-plus staff, and the global hospital operator Ramsay Health Care. ” Take, as an example, the world’s largest mining company by market capitalization, BHP Billiton. Should soft measures be part of a CEO’s scorecard?

TSR 8

TSR Banking Committee Incentives 8

Harvard Business Review

MAY 29, 2014

How has Coca-Cola integrated these CSR principles into your operations? For example, we’re working to achieve water neutrality by 2020. Restructuring a company to focus on sustainability doesn’t happen overnight, so how long did it take to get everyone on board and how did you deal with any resistance to change?

CEO 8

CEO Supply Chain Operations Brand 8

Harvard Business Review

FEBRUARY 2, 2016

We thought that creative, capability-rich companies would have paid a lot of attention to the way they organized and the value that restructuring gave them. Some of the first business functionaries were railroad telegraph operators who managed schedules. When we began our research, we expected to hear a lot about organizational design.

Development 8

Development Supply Chain Incentives Outsourcing 8

Harvard Business Review

MAY 4, 2016

Let’s look at how to do this by analyzing the resume and LinkedIn profile of a startup marketing executive. Here’s one of his bullet points: “Multi-year brand awareness-building and marketing campaigns contributed to 23X customer acquisition and >90% YOY customer retention.” ” Résumé Story.

Brand 8

Brand Press Release Marketing B2B 8

Harvard Business Review

MAY 28, 2015

Robotics is a good example: It’s obvious that it can increase productivity, but it takes some know-how to put robots to work. Managers constantly try to fit new market needs to existing processes and routines. The Future of Operations. Organizations develop processes through repeated problem solving. Insight Center.

Technology 8

Technology Depreciation Christensen Short-term 8

Harvard Business Review

SEPTEMBER 7, 2012

Heffington, working with Steve Curnutte, a restructuring advisor, realized that as new orders poured in, it became difficult to establish the true cost of fulfilling them. First, understand your true operating costs and how they evolve as your business grows. So what can an entrepreneur do? The cost for using this tool is $37.50.)

Metrics 8

Metrics Working Capital Restructuring Banking 8

Harvard Business Review

MAY 1, 2018

One popular view of activists is that they are short-term, cut-and-run operators who are looking for a quick profit. Think of how often activists have pressed for the sale and restructuring of firms and for the dismissal of CEOs. Yet this narrative is breaking apart as the structure of our capital markets continues to change.

CEO 8

CEO Real Estate Long-term Short-term 8

Harvard Business Review

DECEMBER 10, 2015

Many of us are familiar with the hazards of Groupthink - when teams or organizations operate on autopilot and feel a general false sense of invulnerability. For example, a senior executive in a traditional financial services organization recognized that the organization needed to embrace new technologies in order to engage with Millennials.

Groupthink 8

Groupthink Team Consensus Christensen 8

Harvard Business Review

FEBRUARY 8, 2013

The lure of establishing an organization that uses market mechanisms to achieve its mission is substantial. The men and women who choose this path have diverse expertise and job responsibilities: marketing, leadership development, communications, operations, new business development, purchasing. Some are recent graduates.

Real Estate 8

Real Estate Constraint Entrepreneur Restructuring 8

Harvard Business Review

JULY 17, 2018

It’s no wonder, then, that young people are anxious about their ability to compete in the job market. For example, the original Google car found it hard to compute the context within which it was operating. These advances all point toward the total automation of our lives, including the way we work and do business.

Skills 12

Skills Morale Ethics System 12

Harvard Business Review

MARCH 8, 2013

IRS Reform and Restructuring Act of 1998); and an outstanding, senior executive from the private sector, Charles Rossotti , was appointed for a five-year term to drive the changes. Under Rossotti's guidance, the IRS reorganized from a geographic structure to four new customer-oriented operating divisions.

Bureaucracy 8

Bureaucracy Innovation Supply Chain Long-term 8

Harvard Business Review

SEPTEMBER 17, 2015

Improving value can only happen when providers align the focus of their clinical teams and their market strategy on achieving excellent outcomes, and in turn invest the resources to measure and report them. Although the pricing of the model was 20% lower than the typical market price, several small, focused private providers signed on.

Health Care 8

Health Care Fraser Price Compliance 8

Harvard Business Review

AUGUST 5, 2013

A pharmaceuticals company we''ve been studying decided to deploy more than 20,000 iPads and other mobile devices to the global sales force to improve its engagement with doctors in emerging and developed markets. The logical response might seem to be to restructure and reskill the IT organization (again!) the IT function).

Organization 8

Organization CIO Compliance CRM 8

Harvard Business Review

NOVEMBER 14, 2013

One example is the corporate reorganization. Many preside over multiple restructurings. The decision not to shut down an uncompetitive product line or exit an unprofitable market can consume as much scarce management time and other resources as any merger.

Hedge 8

Hedge Restructuring Execution Download 8

Harvard Business Review

APRIL 25, 2013

This news followed the bankruptcy in March of Wuxi Suntech , the main operating subsidiary of the world''s largest maker of solar panels, after it defaulted on a $541 million bond payment. Case Examples: Steel and Paper. Because of massive Chinese subsidies to several industries, no free trade exists and markets have failed.

Bond 8

Bond Price Industry Globalization 8

Harvard Business Review

MAY 5, 2016

Stagnant growth in its core PC market recently led Intel to announce layoffs of roughly 12% of its workforce. The company will also eliminate a key chipset in the difficult tablet and smartphone market. But the past is merely a prologue. How best to draw actionable inspiration from Grove?

Levitt 8

Levitt Disaggregation Kaizen Call Center 8

Harvard Business Review

MARCH 12, 2018

” Whether in marketing or sales, it often feels like jobs are contingent on external circumstances, the whims of executives, strategic pivots, and shareholder demands. But if you go to the marketing department and ask them, they’re usually clueless.” “Take a football player. He will always know how he performs.

CEO 8

CEO Company Sports Fashion 8