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The IT Project That Brought a Bank to Its Knees

Harvard Business Review

s Co-operative Bank in June 2013. One section highlights the problems the bank encountered as it attempted to replace its core banking systems, a program that was cancelled in 2013 at a cost of almost £300 million. This question also cannot be delegated to the CIO. IT management Leadership Project management' hedge funds.

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Rethinking the Work of Leadership

Harvard Business Review

Yet, here we are in 2013 with organizational leadership models that continue to deny the social nature of organizations and wallow in inertia. According to the 2013 Edelman Trust Barometer , fewer than 20% of respondents believe leaders are actually telling the truth when confronted with a difficult issue in their organizations.

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Why So Many High-Profile Digital Transformations Fail

Harvard Business Review

It requires foundational investments in skills, projects, infrastructure, and, often, in cleaning up IT systems. For example, when P&G was making its digital push in 2012 and 2013, it was already well ahead of most companies—and perhaps all of them—in the consumer products industry.

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Using IoT Data to Understand How Your Products Perform

Harvard Business Review

And our own survey of 795 large companies (average revenue of $22 billion) in North America, Europe, Asia-Pacific, and Latin America found average per-company spending on IoT initiatives — $86 million in 2015 — was projected to grow to $103 million by 2018. The CIO of HP Inc.,

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The Mistakes Behind Healthcare.gov Are Probably Lurking in Your Company, Too

Harvard Business Review

To expect anything as complex as this particular project to emerge fully functional on day one was the first (and perhaps most important) failure. The CMS monthly status reports leading up to October 1 (especially the report for August, 2013 ) reveal increasingly desperate language and blame shifting. Playing the blame game.

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Improve Decision-Making With Help From the Crowd

Harvard Business Review

Kickstarter is one of a growing number of crowdfunding platforms for gathering money from the public to fund all sorts of projects. IBM saw these online social systems for investing in new ventures and decided they would like to develop a similar system internally for selecting innovative projects.