Skip Prichard

MARCH 21, 2021

To help more workers thrive, and to make organizations more agile and efficient, we must understand these changes as they are occurring and redesign both business operating systems and our contract for work in America. How should organizations restructure and change in light of it? Millennials and Gen z are 60% of the workforce.

Trends 104

Trends Policies Career Real Estate 104

Skip Prichard

JANUARY 14, 2021

The declaration of over 180 CEOs who are part of the Business Roundtable that redefines the purpose of the corporation is just one example. There needs to be a framework and model that leaders can follow, an operating model, so to speak. Share an example or two of interaction field companies and how they are making a difference.

Brand 96

Brand Insurance Participative Open-book 96

HR Digest

MAY 3, 2019

While we were restructuring our services business, we made significant investments in training to help our employees make this skills transition and to introduce a learning culture, as learning is a lifelong journey. In HR we now have the chance to move from an operational, back-office function to a leader of change.

Ries 76

Ries Skills Human Resources Software 76

Harvard Business Review

NOVEMBER 30, 2018

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. Capital-intensive factories have a high-fixed-cost, low-variable-cost operating model. When and how are the best ways to do it?

Restructuring 10

Restructuring Fixed Costs Consensus Operations 10

Strategy Driven

JANUARY 12, 2024

Finance digital transformation involves leveraging cutting-edge technologies for better operational efficiency and enhanced strategic decision-making. Streamlined Processes Fintech innovations have transformed the financial sector, fostering inclusivity, enhancing operational efficiency, and facilitating personalized customer experiences.

Finance 101

Finance Technology BPM Company 101

Strategy Driven

MAY 25, 2021

In an ideal world, every business would be successful enough to bring in a steady cashflow and keep themselves operating at a sustainable level. This is where a business has to restructure their company debt, contacting their debtors to arrange manageable payment instalments or liquidate assets to pay off outstanding debts.

CVA 122

CVA Restructuring Finance Short-term 122

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

Harvard Business Review

JANUARY 30, 2017

Consider two examples. 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. A tyrant, for example, may fix some things in the short term but create other problems at the same time.

Restructuring 8

Restructuring Health Care Self-aware Short-term 8

Harvard Business Review

NOVEMBER 8, 2011

Here's an example*: Peter was the divisional CFO for the consumer unit of a global products company. Peter's appointment as president triggered two common challenges with peer promotions: rapid re-contracting followed by rapid restructuring. When Sarah left, Operations also was reconfigured.

Management 12

Management Restructuring CFO Operations 12

Harvard Business Review

FEBRUARY 8, 2012

To deliver more value, the human resources function needs to spend more time accelerating operational improvement and less time on its traditional administrative and compliance activities. Bring people into HR with extensive operational improvement experience. In HR, we need to focus on what is important.".

Process 13

Process Compliance Operations Human Resources 13

Harvard Business Review

JUNE 29, 2016

In the oil industry, for example, what used to be weeks of inspection work now takes just days, thanks to drone-based thermal imaging and gas “sniffer” technology to inspect oil rigs and pipelines. Leaders across a spectrum of industries are already availing themselves of drone-based data.

Competitive Advantage 9

Competitive Advantage Company Outsourcing Analysis 9

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

MARCH 8, 2017

While its current capabilities are still limited (for example, there’s a low transaction volume when compared to conventional payment systems), it offers a compelling vision of a possible future because the code describes both a regulatory and an economic system. We may be seeing a similar trend for blockchain technology.

Banking 19

Banking Media Decentralization Technology 19

CO2

JUNE 29, 2010

The Civil Rights and more recent Tea Party movements are good examples of what happens when angry followers decide to do something to change the status quo. Sadly, the genocides of Bosnia, Rwanda, and Darfur may be all too real examples of the Milgram effect.

Executive Coaching 129

Executive Coaching Execution Blog Self-aware 129

Strategy Driven

MARCH 18, 2011

To demonstrate it, we’ve examined a number of industries and mapped the level of capabilities coherence in the portfolio of each of the major players against their operating margins over the past five years. Companies today operate in a business environment that encourages incoherence. We call this measure the ‘coherence premium.’

Resources 51

Resources Industry System Strategy 51

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

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. Big companies starting businesses from scratch has become a big deal.

Company 10

Company Supply Chain Retail Bureaucracy 10

Harvard Business Review

JANUARY 26, 2016

As more people move to urban areas, cities face ever more economic and environmental challenges, including resource constraints, economic restructuring, aging populations, and pressures on public finances. According to Lucid, building managers can realize significant energy savings purely from operational measures.

Content 8

Content Efficiency Energy Finance 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 10

CEO Supply Chain Operations Brand 10

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 9

TSR Banking Committee Incentives 9

Harvard Business Review

MARCH 8, 2011

The solution is to show some humility and to consider restructuring things so that your actions have some checks and balances. For example, the new strategy might have included a core technology that still makes sense, but the timetable for deploying it might need to change. Regroup, but with flexibility.

Strategy 14

Strategy Metrics Restructuring Finance 14

Harvard Business Review

JULY 17, 2018

For example, the original Google car found it hard to compute the context within which it was operating. Again, it is those with a combination of expertise and the ability to move new knowledge forward who will stay ahead of the robots. Automated systems are usually very bad at recognizing context.

Skills 14

Skills Morale Ethics System 14

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

JUNE 23, 2016

While a natural inclination, this group is (by design) representative of current operating units and functions, which often have a status quo to defend. The only questions the circle should avoid are what to do about current operational problems. That, in brief, is the concept of a leadership circle.

Leadership 9

Leadership Diversity Committee Long-term 9

Harvard Business Review

JANUARY 29, 2018

For the latter, we measured incumbents’ operational efficiency, commitment to innovation, and defenses against attack. But companies in this state often face increasing pressure to improve efficiency and reduce operating costs in their legacy businesses, and this pressure attracts opportunistic disruptors.

Industry 8

Industry Fixed Assets Retail Market Penetration 8

Harvard Business Review

MAY 23, 2012

When Sir Christopher Gent headed Vodafone in the 1990s, for example, he brought his management team and board together every year to ask what business the company was in. 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

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. Across Africa, banking is being redesigned. Innovate ferociously.

Banking 8

Banking Industry Disintermediation Offshoring 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

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

JULY 23, 2013

Last week, Microsoft CEO Steve Ballmer unveiled a restructuring designed to unite the organization behind a single strategy and create high-value experiences for their customers. Design "integration mechanisms" and operate them with rigor. Now one Microsoft. Many more organizational structure changes are likely to come.

P&L 8

P&L Decentralization COO Restructuring 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

SEPTEMBER 1, 2011

to the revolution in Libya, from the continuing economic upheaval to Steve Jobs announcing his resignation as CEO of Apple and to HP restructuring their business, and from earthquakes to hurricanes and floods, each event is yet another chink in our sense of stability and control of the environment around us. From News Corp.

Uncertainty 14

Uncertainty Politics Restructuring Technology 14

Harvard Business Review

JANUARY 23, 2014

Typically a graphic depiction of the organizational components to be addressed in a redesign (for example, McKinsey’s 7S model, which includes strategy, structure, systems, staff, skills, and so on), every consultant and his brother flogs an organization design model. Operations Organizational culture'

Ulrich 8

Ulrich Cost Efficiency Consultative 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. The Future of Operations. The latter are troublesome because the knowledge base and skills required to operate in the new realm are so fundamentally different. Insight Center.

Technology 8

Technology Depreciation Christensen Short-term 8

Harvard Business Review

JUNE 20, 2014

The changes in healthcare – consolidation, restructuring, regulation, spending pressures – that are necessitating a transformation at Philips Healthcare are a subset of a series of powerful forces in the business world that have catapulted marketing from an often-isolated support function to a critical capability for driving above-average growth.

CEO 8

CEO Marketing Hotels Long-term 8

Harvard Business Review

MAY 21, 2018

Job personalization is best applied when there are clear inflection points: when career trajectories are stalled, during corporate restructuring, or in recruiting for open positions. For example, my colleague Silvia, who works in public relations, often goes out of her way to welcome and mentor new colleagues.

Creativity 9

Creativity Restructuring PR Mentor 9

Harvard Business Review

NOVEMBER 14, 2013

One example is the corporate reorganization. Many preside over multiple restructurings. Blockbuster’s failure to shut down its legacy bricks-and-mortar operations and shift attention to home delivery and digital downloading doomed the once-powerful retailer.

Hedge 8

Hedge Restructuring Execution Download 8