Strategy Driven

JUNE 16, 2013

Operational Risk Management : How Best-in-Class Manufacturers Improve Operating Performance with Proactive Risk Reduction. This Analyst Insight highlights the steps taken by Best-in-Class companies to successfully mitigate risks in order to reduce the potential impact on their financial goals.

Risk Management 50

Risk Management Operations Class Resources 50

Strategy Driven

NOVEMBER 9, 2023

Effective financial management is a cornerstone of successful business operations. Here, we will delve into some key strategies for successful business finance, highlighting the importance of financial planning, efficient budgeting, smart investments, and risk management.

Finance 109

Finance Strategy Succession Supply Chain 109

Strategy Driven

JANUARY 15, 2024

By acquiring the APA® certification, accountants gain a competitive edge, positioning themselves as experts capable of addressing the unique challenges inherent in energy accounting and contributing significantly to the financial success of companies operating in the petroleum sector.

CPA 105

CPA Compliance Finance Risk Management 105

Strategy Driven

JUNE 26, 2014

When organizations first start doing process improvement they use a myriad of ways to decide which processes to improve first, such as: IT bought some software and needs to install it, so let’s look at the current process first. A department wants to improve the process because it would help in a key initiative.

Process 58

Process Strategy BPM Metrics 58

Strategy Driven

JANUARY 7, 2013

StrategyDriven Enterprises, LLC launches StrategyDriven Advisory Services, a management consulting firm dedicated to helping executives and managers define organizational needs and develop and manage the complex, mission critical projects needed to improve operational effectiveness and lower costs in response to today’s most pressing challenges.

Operations 50

Operations Chief Executive Officer Uncertainty Strategic Planning 50

Strategy Driven

JULY 31, 2013

.” “An effective safety culture is far more than slogans and posters,” continues Greg Gaskey, StrategyDriven’s Chief Operations Officer. ” Nathan and Greg authored Preventing Catastrophic Industrial Accidents based on their decades of experience managing nuclear and industrial complex operations. .”

White Paper 62

White Paper Industry Risk Management Chief Operating Officer 62

Strategy Driven

OCTOBER 3, 2014

Visioning is the process where good ideas become something more. Usually, management has not yet articulated their own individual values, let alone those of the organization. This process helps to define and develop value systems to create success. Identify strategic objectives and goals. What do we want to become?

Mission Statement 82

Mission Statement Benchmarking Tactics Strategic Planning 82

The Practical Leader

MAY 15, 2019

She writes, “The accidents and the resulting media attention together create a real wake-up call for Boeing… what’s required, however, is more than operational fixes. Use a safe and anonymous process to identify, prioritize, and address key moose issues. It is nothing less than a full organizational culture change.”

Open-book 92

Open-book Consensus Engineering Brainstorming 92

Strategy Driven

SEPTEMBER 1, 2013

Finance leaders; find out how to stop struggling with time-consuming, inaccurate incentive compensation processes. When you automate, you minimize errors and gain the time you need to focus on organizational goals. Major reduction in administrative time and other manual processes. Find out how in this quick guide! Fewer errors.

Resources 50

Resources CFO ROI Risk Management 50

Strategy Driven

SEPTEMBER 20, 2020

Periodically reviewing plans is one important strategy for managing crisis. By building in trigger points to assess factors such as operational and market performance as well as basic financial metrics, a company can assess whether a long-term plan is still fit for purpose.

Crisis 123

Crisis Industry Strategy Tourism 123

Skip Prichard

NOVEMBER 15, 2019

It is a new, more advanced way of studying environments, making decisions, building cultures, and operating on a day-to-day basis. It rests on engagement and buy-in across the organization as well as a concerted investment in capabilities, people, and processes. Risk management is now a fully-developed rich scientific discipline.

Agility 86

Agility How To Decentralization Morale 86

Strategy Driven

DECEMBER 5, 2014

Diversity is a continuing process where we keep the elements mixed. Realistically attainable goals. This process creates more job opportunities for multicultural professionals. That philosophy evolved to the Salad Bowl concept. In either, one element still sinks to the bottom. We must now see it as a Mosaic or Patchwork Quilt.

Diversity 92

Diversity Budgeting Open-book Risk Management 92

Strategy Driven

NOVEMBER 6, 2015

When you own and operate a business you need to have certain procedures for an efficient and seamless function. Sometimes the difficulty of managing your time makes for a haphazard operation. Objective analysis of how the organization has operated to date. Purchasing plan (with processes and vendor lists) is in writing.

Succession 50

Succession Strategic Planning Budgeting Goal 50

Strategy Driven

DECEMBER 15, 2015

Not only is this operational approach costly, but outsourcing activities face many challenges such as communication barriers, untimeliness, and data errors. EnableSoft ‘s Foxtrot application is one example of an RPA software that enables organizations to perform internal application integration, risk management, and even data analytics.

Strategy 50

Strategy Outsourcing Process Technology 50

N2Growth Blog

MAY 16, 2010

Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? At the risk of drawing the ire of corporate elitists, I submit to you that the dumber your business is, the better off you are. link] mikemyatt Well said Tanveer. Take Facebook or Twitter.

Business Model 320

Business Model Brand Blog Supply Chain 320

Strategy Driven

JULY 11, 2014

Every company needs it but rarely conducts the process because they’re knee-deep in daily minutia. I know from experience that planning while going through the ‘alligators’ is the most effective way to conduct the process. I’m a big advocate of Strategic Planning and Visioning.

Energy 80

Energy Strategic Planning Succession Humphrey 80

Harvard Business Review

JUNE 29, 2012

For years, companies have been pouring money into people, processes, and technology that can help them manage risk. Most have done a great job of containing their financial reporting and compliance risks. At the same time, they are effectively containing financial reporting and compliance risks.

Risk Management 14

Risk Management Maturity EBITDA Management 14

Strategy Driven

SEPTEMBER 5, 2014

Starting Over – Without being hampered by systems/processes that haven’t worked, you can create as you go. Immediate Feedback – It is far better to succeed or fail. Not knowing where you’re going or how we’re doing causes us to make many more mistakes.

Succession 84

Succession Due Diligence Budgeting Risk Management 84

Strategy Driven

SEPTEMBER 7, 2018

Make an equitable blend of ambition and desire: Fine-tuning one’s career is an admirable and necessary process. Unfortunately, we were not taught the best methods of working with others in achieving desired goals. This premise also holds true for each corporate operating unit and department. It is quite illuminating.

Entrepreneur 51

Entrepreneur Succession Strategic Planning Budgeting 51

N2Growth Blog

DECEMBER 16, 2023

Understanding the Concept of Governance Excellence Governance excellence refers to the strategic oversight conducted by a company’s board of directors that ensures ethical, sustainable, and profitable organizational operations. Essentially, they serve as the guiding light, steering the organization toward its goals and objectives.

Compliance 235

Compliance Efficiency Ethics Metrics 235

Strategy Driven

FEBRUARY 6, 2015

To correct for the measurement inversion other methods, like applied information economics, introduce the ‘value of information analysis’ step in the process so that metrics focus on high-value measures. The quality audit by objective outside communications counsel is merely the beginning of a process.

Quality 50

Quality Metrics Strategic Planning TQM 50

Strategy Driven

MARCH 25, 2014

To reap the appropriate return on their investment, executives and managers must carefully select the self assessments to be performed such that they directly support achievement of organizational goals and values while mitigating its most significant risks. To read Nathan’s complete biography, click here.

Follow-up 52

Follow-up Article Document Newsletter 52

Strategy Driven

JANUARY 2, 2015

Defines business as a process, not a quick fix. Business planning requires insightful thinking and language which clearly delineates what the company mission is and how it will grow. These are the characteristics of effective words, phrases and, thus, company philosophy: Focus upon the customer. Honor the employees.

Strategy 50

Strategy Strategic Planning Budgeting Risk Management 50

N2Growth Blog

MAY 22, 2015

These critically important initiatives generally meet the following criteria: Action(s) taken to move the organization towards achieving stretch goals defined in their future vision and strategy. There are no controls or process to prevent/manage “intent drift”. Portfolio and Program Management.

Strategy 150

Strategy ROI Planning Organization 150

Strategy Driven

DECEMBER 4, 2015

It is an ongoing process of evaluation, planning, tactical actions and benchmarking accomplishments. I offer nine of my own definitions for the process of capturing and building a shared Vision for organizations to chart their next 10+ years. Futurism embodies thought processes that create and energize the mosaic. In is thine.

Benchmarking 50

Benchmarking Crisis Management Rogers Tactics 50

Harvard Business Review

FEBRUARY 8, 2016

In the early 1990s, executives and managers welcomed information technology — databases, PC workstations, and automated systems — into their offices. As a result, business processes are being machine-reengineered. Algorithms aim to redesign business processes just like humans did during the original reengineering movement.

Process 8

Process Company Market Segmentation Early Adopters 8

Strategy Driven

SEPTEMBER 2, 2016

Conceptualize your own personal goals. Understand conflicting societal goals. Processes, trends, fads, perceived stresses and “the system” force adults to make compromises in order to proceed. When repackaged years later, executives vigorously enjoyed the rediscovery process. Helping others.

Strategic Planning 51

Strategic Planning Planning Ethics Learning-by-Doing 51

Strategy Driven

AUGUST 5, 2016

Systems and Processes. Values, customs, beliefs, goals, objectives, benchmarking. Operations are sound, professional and productive. Assignments, responsibilities, functions, relationships, follow-through, accountability. Structure, hiring, control, work design, supervision, decisions. Culture and Mission. Philosophy.

Leadership 50

Leadership Benchmarking Learning-by-Doing Ethics 50

Strategy Driven

AUGUST 3, 2018

Where mid-managers buy the hype of the marketing slogans but stonewall the progress that would enable the company to live up to its claims. In steering company cultures back on course, I recommend several steps in the process: Discourage street talk, slang and trite phrases out of the mouths of your staff when interfacing with customers.

Company 51

Company Self-aware Creativity Marketing 51

Strategy Driven

DECEMBER 2, 2016

The mentor requests pro-active changes of mentee, evaluates realism of goals and offers truths about path to success and shortcomings of mentee’s approaches. You must establish your own identity, which is a long, exacting process. The mentor opens doors for the mentee. As you establish a unique identity, others will criticize.

Mentor 50

Mentor Learning-by-Doing Open-book Career 50

Strategy Driven

OCTOBER 7, 2016

The Human Relations style of management flourished from 1940-1964. Under it, people were managed. Processes were managed as collections of people. Other important components of business (training, marketing, research, team building and productivity) were all accomplished according to goals, objectives and tactics.

Management 70

Management Hostile Takeover Management by Objectives Objective 70

Harvard Business Review

OCTOBER 10, 2017

Precision made it easy for managers to oversee their employees. Every spot on every line was visible to managers. Every step of the process was measured, and real-time metrics were easily accessible. Workers were carefully trained to follow processes exactly as they were laid out. Every high performer needs both.

Organization 12

Organization Tactics Call Center Metrics 12

Harvard Business Review

SEPTEMBER 10, 2012

The risks-rewards are relatively low. Incremental innovations can be managed at the operating levels where the people know the customers/consumers best and decisions can be made in a more consensus-driven way with input and agreement between all stakeholder functions. It's the process model that is broken.

Process 15

Process Innovation Stage-Gate Net Present Value 15

Strategy Driven

NOVEMBER 20, 2015

Develop action plans for accomplishing your goals and getting the right people to visit with your company at the show. Approach large numbers of people within short periods of time, determining how to best process each contact. Follow a step-by-step process. Determine who you want as key prospects. About the Author.

How To 50

How To Follow-up Participative Objective 50

Harvard Business Review

SEPTEMBER 21, 2018

More recently, CARVER has converted a new community of believers in the business world, including CEOs, financial analysts, and risk management planners, not to mention any number of Fortune 500 security directors. The CSO would rank Criticality like this: 5 – Loss of the pipeline would stop operations.

Tools 11

Tools Risk Management Budgeting SWOT 11

Chartered Management Institute

FEBRUARY 26, 2024

This premise equally applies to the environment businesses operate in today. Human error is a very real consequence of people operating in the real world. Our lives are full of multiple interdependent decisions as we try to navigate complex interactions with multiple competing goals. “Our

Uncertainty 52

Uncertainty Risk Management Training Compliance 52

Strategy Driven

DECEMBER 18, 2015

The Human Relations style of management flourished from 1940-1964. Under it, people were managed. Processes were managed as collections of people. Other important components of business (training, marketing, research, team building and productivity) were all accomplished according to goals, objectives and tactics.

Hostile Takeover 50

Hostile Takeover Management by Objectives Objective Scientific Management 50