Harvard Business Review

MARCH 22, 2016

However, overspending is often the result of decentralized and siloed decision making over the utility budget. As a technology advisor, the CUO would understand the benefits of different energy innovations and be able to make smart purchasing decisions.

Company 8

Company Management CIO Energy 8

Harvard Business Review

DECEMBER 26, 2017

Hence, when (re-)designing the organization structure, they tend to decentralize decision-making, so that decision rights are as close as possible to the people who deal with customers, competitors, front-line employees, and other stakeholders. Decentralization allows immediacy in time and place, hence responsiveness. ” 3.

Decentralization 8

Decentralization Efficiency Mintzberg Operations 8

Harvard Business Review

NOVEMBER 11, 2013

JP Morgan has been getting most of the headlines, but other banks are also investigation. Much of the advice out there is about simplifying things – delayering, decentralizing, streamlining product lines, creating stronger processes for ensuring alignment, and so on. It goes without saying that big companies are complex.

Management 8

Management Engineering Decentralization System 8

Harvard Business Review

APRIL 16, 2018

When Sloan became president of GM in 1923, he put in place planning and strategy, measurements, and most importantly, the principles of decentralization.” In the spring of 1920 the company had to go to the banks and get an $80 million loan (about a billion dollars in 2018) to finance operations.

Transportation 8

Transportation Automotive Brand Engineering 8

Harvard Business Review

MAY 17, 2017

One of today’s most celebrated examples of leapfrogging is the M-Pesa mobile payment system in Kenya and Tanzania, which lets people bank in their national currency using only their phones, leapfrogging traditional banking practices and creating a mobile banking revolution. The system currently serves a billion people.

Marketing 8

Marketing Technology Banking Efficiency 8

Harvard Business Review

SEPTEMBER 5, 2016

Yet there’s compelling evidence that bureaucracy creates a significant drag on productivity and organizational resilience and innovation. Operating decisions are almost entirely decentralized. More people are working in big, bureaucratic organizations than ever before. By our reckoning, the cost of excess bureaucracy in the U.S.

Cost 8

Cost Bureaucracy GDP Management 8

Harvard Business Review

JULY 24, 2013

We at MIT CISR have found that enterprises are using one or more of three approaches to managing total digitization: convergence, coordination, or a separate digital innovation stacks approach. Separate Digital Innovation Stacks. News Corp ) commits a firm to local innovation, often organized by products or stand-alone businesses.

CIO 9

CIO Organization Committee CTO 9

Harvard Business Review

NOVEMBER 20, 2015

Innovative, proudly geeky Norwegian software company, Trolltech , an open-source pioneer, landed a contract with the mobile division of Sharp, the Japan-based consumer electronics global powerhouse. In fact, advanced payments may be just the kind of proof that banks or equity investors need to open their pocket books.

Supply Chain 8

Supply Chain Collins Golden Handcuff Pharmaceuticals 8

Harvard Business Review

JULY 23, 2013

Because digitization has passed power to the consumer, pressing companies to pull together their old decentralized profit and loss fiefdoms to produce experiences consumers find compelling. Many more organizational structure changes are likely to come. The weekly discussions have kept the team on the same page strategically and operationally.

P&L 8

P&L Decentralization COO Restructuring 8

Harvard Business Review

APRIL 18, 2014

This is how opportunities to be nimble and innovative are squandered, he says, and how companies become irrelevant. In Hamel''s view, every company should be like the internet: decentralized, non-bureaucratic, flexible, and empowering. But he can see the appeal of it.

Charisma 8

Charisma Hamel Bureaucracy Meyer 8

Harvard Business Review

APRIL 20, 2017

We also have a decentralized banking system, including more than 7,000 small banks , that provides loans to entrepreneurs. As a result, workers have a better chance of finding the right job, firms find it easier to innovate, and new firms find it easier to get started. World-class research universities. While the U.S.

Decentralization 15

Decentralization GDP Finance Incentives 15

Harvard Business Review

MARCH 1, 2017

But the solution to this innovation logjam has emerged: blockchain. Given the promise and peril of such a disruptive technology, many firms in the financial industry, from banks and insurers to audit and professional service firms, are investing in blockchain solutions. Is this the end of banking as we know it? Insight Center.

Finance 8

Finance IPO Banking Venture Capitalist 8