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What It Takes To Turn Your Failing Business Around

Strategy Driven

A strong executive team is supposed to make decisions to steer business objectives, and that starts with your hiring decisions. With this statistic at the back of your mind, one essential step to take is to restructure your company’s money management procedures. Pay critical attention to your cash inflows and outflows.

Finance 87
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Should a CEO’s Bonus Be Based on Financial Performance Alone?

Harvard Business Review

On November 9, 2016, the shareholders of Australia’s largest company, and the world’s tenth-largest bank , revolted. CEO incentives have traditionally been evaluated against objective data — also labelled “hard.” ” What has emerged more recently is the use of nonfinancial, but still objective, KPIs.

TSR 10
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Why Financial Discipline Won't Fix Europe

Harvard Business Review

Spain's massive banking mess with the Cajas de Ahorros is due to local politicians' influence on banks, and their iniquitous links to property developers. So EU restructuring projects may offer the continent a unique opportunity to tackle this problem. The story of Greece is the story of a failure in governance.

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The Importance of Organizational Design and Structure

Harvard Business Review

When organizational strategy changes, structures, roles, and functions should be realigned with the new objectives. The anomaly was the result of historical turf wars between his boss and his boss' peer: the latter had used his influence to restructure the department and bring it under his control.

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The Fastest-Growing Cause for Shareholders Is Sustainability

Harvard Business Review

Ask someone to name the demands that activist hedge funds make of companies and they’ll likely list corporate governance issues like board changes and executive compensation, or perhaps some form of restructuring. Rather, it reflects the pro-social objectives of a large number of sponsors of such proposals.

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How to Bounce Back After Getting Laid Off

Harvard Business Review

It dents your self-esteem; it’s tough on your bank account; and if you’re not smart about your next steps, it can derail your career. So before you make that call, Lees recommends asking your trusted circle for objective feedback on your job market-readiness. Losing your job is hard. ’” Frame your layoff.

How To 8
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A New Model for Innovation in Big Companies

Harvard Business Review

Results from these business-to-business collaborations have at times been phenomenally successful, as was the case with the Bank of America Keep the Change program (IDEO) and the Swiffer (Continuum Innovation). Undoubtedly, not all inventions from these collaborations achieve equivalent fame, or we likely would have heard about them.