Remove Balanced Scorecard Remove Guidelines Remove Management Remove Operations
article thumbnail

Artisans Must Balance the Books

Harvard Business Review

He started very well, but as soon as his cash flow improved, financial burdens from family systems stifled his operations. When artisans have no understanding of their cash flows, they fail prey to spending a big percentage of their working capital, without meaning to, on non-business issues that usually cripple their operations.

Books 14
article thumbnail

The Right CEO Personality for Process Improvement

Harvard Business Review

He wasnt a process manager. Operations : Approaches problems practically; stands firm on issues, perseveres; maintains a standard of consistency and quality; provides stable leadership and supervision; develops detailed plans and procedures; implements projects in a timely manner; keeps financial records straight.

Process 15
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Making Hospital Partnerships Work

Harvard Business Review

Many of them want to share responsibility in how the hospital is managed. Five main factors make our clinical partnerships work: Joint operating committees that meet regularly. Nearly all of our physicians (99%) are in private practice and are fiercely determined to remain independent. A culture of shared values.

article thumbnail

The Next Frontier of Judgment - Across Enterprises

Harvard Business Review

Its far more complicated when too many unknowns, or the difficulty of balancing competing priorities, pushes a decision into the realm of judgment. If we hope for better management of large-scale endeavors, our models will have to look beyond what it takes to inform individual, or even organizational, moves.

article thumbnail

The Irish Banking Crisis: A Parable

Harvard Business Review

Posting Guidelines We hope the conversations that take place on HBR.org will be energetic, constructive, free-wheeling, and provocative. We ask that you adhere to the following guidelines. And perhaps failing to recognize that is whats really at the root of this great crisis. No selling of products or services.

Banking 15
article thumbnail

Turn Customer Care into "Social Care" to Break Away from the Competition

Harvard Business Review

Still, a lot of companies haven't reorganized their businesses to execute, manage, and measure social care strategically with well-trained staffs. That means providing them with detailed training programs and customer-response guidelines that are based on an array of scenarios. Here are four steps we've seen work: The map. The metrics.

article thumbnail

Three Diversity "Best Practices" That Hurt Women

Harvard Business Review

Yet they don't work, and their repeated application makes many managers incredibly gender fatigued and frustrated. Solution : Make gender balancing a strategic initiative, led by the CEO, framed as a lever to achieving business strategy, not as a separate initiative for already overburdened executives. Problem 1: Calling it Diversity.