HR Digest

MAY 11, 2022

Carvana aims to restructure its workforce and focus on growth in the coming year. The layoffs will mainly be for Carvana employees in operational groups as the company seeks to “better align staffing and expense levels with sales volumes.”. Image Credit: Jim Hill). Carvana Employees Layoffs.

EBITDA 52

EBITDA Retail Fixed Costs Restructuring 52

The Practical Leader

MARCH 2, 2022

They found “on average, 69% of employees don’t believe in the cultural goals set by their leaders, 87% don’t understand them, and 90% don’t behave in ways that align with them.” Integration — day-to-day operating decisions are delegated to increasingly autonomous frontline teams.

Commitment 69

Commitment Teamwork Restructuring Morale 69

LDRLB

JUNE 23, 2010

Goldratt that is geared towarding help organizations continually achieve their goals. The theory contends that any manageable system is limited in achieving more of its goal by a very small number of constraints and that there is always at least one constraint. Throughput is money generated through sales.

Constraint 74

Constraint Goldratt Restructuring System 74

Strategy Driven

FEBRUARY 12, 2016

Be aware, however, that constant re-engineering, reorganization, and restructuring in pursuit of efficiency (or the latest management fad) has a questionable effect at best. The alignment culture is a company’s “must do” culture, and encompasses cooperation, consensus, and working together toward overarching goals.

Succession 50

Succession Teamwork Restructuring Commitment 50

CO2

JUNE 29, 2010

Evolutionary psychology also rightly points out that leaders and followers can often have quite different goals and agendas. It is very important for leaders wanting to create Self-Starters to articulate a clear vision, values and set of goals for their teams, as this type operates by seeking forgiveness rather than permission.

Executive Coaching 129

Executive Coaching Execution Blog Self-aware 129

Harvard Business Review

JANUARY 30, 2017

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. Achieving goals was everything. An education technology startup hired a sales leader who came from a large, well-respected firm. He ruled by fear.

Restructuring 8

Restructuring Health Care Self-aware Short-term 8

Harvard Business Review

JUNE 23, 2015

” We restructured Machine Shop to focus on innovation through non-traditional business partnerships and creative design thinking. So we parted ways with our outside management agency in late 2014 and we brought all core business operations in-house. Photo by Lorenzo Errico. Enter Harvard Business School.

Business Model 8

Business Model Merchandising Restructuring Fashion 8

Harvard Business Review

DECEMBER 1, 2016

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. We call this operating structure the “network of teams.”

CEO 8

CEO Metrics Leadership Business Model 8

Harvard Business Review

SEPTEMBER 13, 2018

Agile organizations face the challenge of managing the local autonomy of squads (bottom-up input) consistently with a bigger picture represented by the tribe’s goals and by cross-tribe interdependencies and the strategic priorities of the organization (top-down view). Consider the Dutch financial services firm ING Bank.

Agility 14

Agility Planning Fayol Strategic Planning 14

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. Adapting to change.

Budgeting 8

Budgeting Technology Innovation Operations 8

Harvard Business Review

MAY 29, 2014

How has Coca-Cola integrated these CSR principles into your operations? 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? Thus, we operate a value creation model that is globally driven but locally focused.

CEO 8

CEO Supply Chain Operations Brand 8

Harvard Business Review

MARCH 8, 2011

I would recommend a few corporate household remedies: Refocus on the goal. Strategy only works if the primary goal is clear to everyone. Think about where your mistake has taken you, refocus on the true goal, and then re-chart a path towards achieving it. Get yourself out of the way. Regroup, but with flexibility.

Strategy 14

Strategy Metrics Restructuring Finance 14

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. Establish Clear Goals for the Big Thinkers. This was a big area to explore, so the key was establish clear goals. This was the story with Amanda.

Creativity 8

Creativity Restructuring PR Mentor 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. That’s precisely the goal of General Electric’s GE Ventures unit: foster and scale businesses with a billion-dollar potential.

Company 9

Company Supply Chain Retail Bureaucracy 9

Harvard Business Review

SEPTEMBER 17, 2015

Outcomes define the goal of the organization and set direction for its differentiation. Few health care organizations have made it their explicit goal to deliver excellent outcomes. Here are five reasons why: 1. The conclusion was disheartening – on most procedure types, TCH significantly underperformed. The final result?

Health Care 8

Health Care Fraser Price Compliance 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. Basing a portion of compensation on common goals fosters collaboration. Now one Microsoft.

P&L 8

P&L Decentralization COO Restructuring 8

Harvard Business Review

MARCH 8, 2017

There were many “pre-internet” players, for example telecom operators and cable companies trying to provide interactive multimedia over their networks, but none could generate enough traction to create names that you would remember. We may be seeing a similar trend for blockchain technology.

Banking 18

Banking Media Decentralization Technology 18

Strategy Driven

MARCH 18, 2011

The goal is balance: A coherent company strikes a balance where the right product and service portfolio naturally thrives within a capabilities system consciously chosen and implemented to support a deliberate strategy or way to play. Companies today operate in a business environment that encourages incoherence.

Resources 55

Resources Industry System Strategy 55

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. Many don’t have much operational experience; we certainly didn’t.

CEO 8

CEO Real Estate Long-term Short-term 8

Harvard Business Review

MAY 23, 2012

One path to this third goal — call it Type 1 feedback — is closed-loop communication with customers. Few are transforming their core businesses by radically simplifying their operations and seeking out new pockets of growth through better customer delivery and innovation in developed markets.

Merchandising 12

Merchandising Metrics Restructuring Library 12

Harvard Business Review

DECEMBER 7, 2015

Interestingly, it is not strictly a “plan,” in the sense of a precise sequence of actions leading to pre-determined goals. Based on our experience in China, we see three major implications of the new plan for business leaders: Strategy is now an imperative for all companies operating in China.

Planning 8

Planning Policies GDP Health Care 8

Harvard Business Review

JANUARY 28, 2014

That’s the management goal that Tony Hseih, founder of e-commerce giant Zappos, aims to achieve by the end of 2014. Think of it as management operating system 3.0. Radically flat. The end result: a holacracy centered around self-organizing teams who actively push the entire business forward. It’s not a new concept.

Koestler 10

Koestler Company Restructuring Travel 10

Harvard Business Review

MARCH 8, 2018

First, what strategic goal would virtual care help achieve today? There are solutions to this problem, but they require material restructuring and can be costly. To survive this evolution, provider organizations need to ask three key questions.

Health Care 8

Health Care Retail Strategy Licensing 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

MARCH 12, 2018

“We had to train harder, measure our goals better, and become a better team,” Bunge said. It is also a matter of having fun and fostering strong bonds between team members to help them reach their goals. The ambition was to double sales and have a 90% employee engagement rate within five years.

CEO 8

CEO Company Sports Fashion 8

Harvard Business Review

SEPTEMBER 11, 2017

Instead of having a committee vet ideas, they need a process that operates with speed and urgency , and that helps innovators and other stakeholders to curate and prioritize problems, ideas, and technologies. And they count on well-intentioned, smart people sitting in a committee to decide which ideas are worth pursuing.

Process 10

Process Innovation Incubator Committee 10

Harvard Business Review

FEBRUARY 8, 2013

The men and women who choose this path have diverse expertise and job responsibilities: marketing, leadership development, communications, operations, new business development, purchasing. Some have decades of experience in their industry. Some are recent graduates. What all have in common is a vision about possibilities.

Real Estate 8

Real Estate Constraint Entrepreneur Restructuring 8

Harvard Business Review

JULY 21, 2016

The findings show that fewer than half of analytics programs met initial return-on-investment (ROI) goals. Frequent restructurings of the analytics function. In research spanning 20 years, we closely examined 36 companies in eight industries to find out why companies are struggling. But poor ROI is only part of the story.

CEO 8

CEO Competitive Advantage ROI CFO 8

Harvard Business Review

AUGUST 21, 2017

A 2017 survey by Kronos and Future Workplace , reveals that the restructuring of work has resulted in significant burnout. While there will still be high-stakes, time-sensitive issues like beating a competitor to market with a new product, acknowledge that endurance is the goal, and speed is not the best or only metric of long-term success.

Team 9

Team Conference Restructuring McKinsey 9

Harvard Business Review

JANUARY 23, 2014

Once upon a time, “organization design” meant bringing in a slew of consultants to oversee a large-scale organizational restructuring, most often intended to take out big chunks of cost during an economic downturn. Operations Organizational culture' So leaders at many different levels need to get in on the act.

Ulrich 8

Ulrich Cost Efficiency Consultative 8

Harvard Business Review

NOVEMBER 29, 2012

Even operational efficiency was unaffected. He realized that the prime goal of the social media initiative should be to reinforce employees' positive feelings about the company, their colleagues, and their jobs. The second company (which we will name) is the Northern European subsidiary of Tupperware, the famous food container company.

Media 15

Media Consultative Restructuring Execution 15

Harvard Business Review

MAY 15, 2014

The report describes the company’s governance response and changed compliance framework — from holding 20 audit committee meetings in 2014, to substantial organizational restructuring, to enhanced education and training. Certainly an important goal for Walmart’s board and current management is to improve the company’s compliance capability.

Compliance 8

Compliance Committee Globalization CEO 8

Harvard Business Review

JANUARY 7, 2014

As human beings, we like to operate in small tribes. If there’s not someone creating and communicating an overarching, simple plan for the larger organization and getting everyone to pitch in, people start breaking down into small tribes and pursuing their own goals and agendas.

CEO 9

CEO FAQ Restructuring Performance Review 9

Harvard Business Review

JANUARY 3, 2014

Did departmental restructuring cause too much stress? The goal, writes Aimee Groth, is "radical transparency" in which employees "have the flexibility to pursue what they''re passionate about." First, at least in Hobbes''s office, someone tells you that Colin, the guy in communications, died. Second, "We are terrible."

Merchandising 8

Merchandising Budgeting Restructuring PR 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. The state has willingly paid the price of economic inefficiency to accomplish political, social, economic, and diplomatic goals.

Bond 8

Bond Price Industry Globalization 8

Harvard Business Review

MAY 5, 2016

They see disrupted incumbents from retail, finance, health care, transportation, professional services, and manufacturing requiring radical restructuring of assets, productivity , and innovation. The goal here is not UX for the sake of UX, but UX as a medium and platform for value creation and capture. ” He was right.

Levitt 8

Levitt Disaggregation Kaizen Call Center 8

Harvard Business Review

MARCH 5, 2015

By understanding your boss’s interests and goals, and aligning those with your own case, you are more likely to get what you want. Assure your boss that you understand his pressures and goals, and pitch your raise as a way to help him. Here’s how to craft your request. Gather evidence. Preparation is critical.

How To 8

How To Case Study Restructuring Pharmaceuticals 8