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How to Ensure Your Organization’s Digital Transformation Succeeds

Leading Blog

To illustrate the potential impacts, in 2007, Nokia had a little over half the mobile phone market with an operating profit of about $7.8 In 2013, Nokia’s mobile phone business was sold to Microsoft. These transformations typically involve a profound change in how a business operates, encompassing people, process, and technology.

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2020 Top CHRO List – The People Leaders To Watch

N2Growth Blog

Find HR’s hand (in a good way) in everything as an enabler and contributor to operations flowing all the way through to customer/client satisfaction. With a diverse background in human resources, information technology, and operations, his business and leadership acumen is only exceeded by his commitment to making others better.

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Big Data, Big Opportunity

Chartered Management Institute

Big Data, and its close cousin the Internet of Things, are among the trendier terms of 2013. At the C-suite, businesses need not only a data analytics strategy, but a data-analytics culture, researchers from McKinsey have concluded. They can sound geeky, but they are developments that every manager needs to understand.

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The First Step to Fixing U.S. Manufacturing

Harvard Business Review

Even more striking, new research from the McKinsey Global Institute analyzes firm-level financial results and finds a stark contrast in performance between the biggest U.S. Past work by McKinsey found that inefficiencies in manufacturer-supplier interactions add up to roughly 5% of development, tooling, and product costs in the auto industry.

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CEOs Don’t Care Enough About Capital Allocation

Harvard Business Review

There are just two ways to increase ROIC: improve operating profit (by increasing revenues or cutting costs) or invest capital more wisely. Tellingly, another recent (2013) McKinsey study covering a 20-year period revealed that only 16% of board members understood how their firms created value. The bottom line?

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The Fortune Global 500 Isn’t All That Global

Harvard Business Review

The 2014 DHL Global Connectedness Index that one of us (Ghemawat) prepares with Steven Altman, and that was released on November 3, indicates that global connectedness started to deepen again in 2013 after its recovery stalled in 2012. Specifically, are companies from advanced economies failing to keep up with the big shift?

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Why and How to Build an In-House Consulting Team

Harvard Business Review

In-house strategy and consulting groups are growing in popularity , supplementing and increasingly winning business from traditional consulting firms such as McKinsey & Company, Boston Consulting Group and Bain & Company. McKinsey, Bain, or Boston Consulting Group). Work on discrete projects. Exceed client expectations.