HR Digest

NOVEMBER 4, 2023

The World Bank has projected a 9 million skilled and semi-skilled ICT workers shortage to affect Indonesia between 2015-2030. Amidst their country’s tech talent shortage, HP Indonesia is doing its best to focus on its employee retention instead of acquisition efforts, according to Human Resources Online.

Process 59

Process Attrition Trends Training 59

Harvard Business Review

JULY 28, 2016

Across Africa, banking is being redesigned. While the banks compete among themselves, they face existential threats from amalgam of entities, not necessarily possessing bank licenses. For example, from telecommunication companies to fintech entrepreneurs, African banking fees and commissions are under tremendous presure.

Banking 8

Banking Industry Disintermediation Offshoring 8

Harvard Business Review

OCTOBER 31, 2013

After years of hearing that it was impossible to restructure jobs to make them more doable, guess what? According to The Wall Street Journal , when Goldman Sachs discovered it couldn’t attract and retain the most promising recruits with pay and perks alone, it woke up to the idea that you can actually restructure the way work is done.

Restructuring 8

Restructuring Efficiency Learning-by-Doing Creativity 8

Harvard Business Review

JULY 21, 2011

Our experience at Garanti Bank shows how even in seemingly the worst of circumstances, companies can become the most attractive of employers. In 2001, Turkey experienced a financial crisis in its banking sector. Group merged its three banks (Körfez, Osmanl?, and Garanti) under the Garanti brand.

Banking 12

Banking Crisis Restructuring Reputation 12

Rich Gee Group

MARCH 19, 2014

Paid on a type of “commission” basis, but you earn a percentage of the fee a client pays the company (most clients are banks, at least at my company). Allows you to focus on different aspects of organizations – restructuring, selection, retention, leadership development, etc. These pay $100K-$250K starting off.

Career 192

Career Real Estate Engineering Education 192

Harvard Business Review

MARCH 8, 2017

However, it is likely that, just as Linux is now embedded in almost every kind of commercial application or service, many of the ultimate use cases of the blockchain could become standard fare for established players like large companies, governments, and central banks.

Banking 20

Banking Media Decentralization Technology 20

Strategy Driven

JANUARY 12, 2024

The advent of digital banking, encompassing features like robo-advisors and mobile payment systems, has significantly benefited both consumers and businesses. This can be done in various ways, including automating processes, restructuring how tasks are completed, and minimizing the amount of time employees spend on non-productive activities.

Finance 110

Finance Technology BPM Company 110

Harvard Business Review

MAY 25, 2017

On November 9, 2016, the shareholders of Australia’s largest company, and the world’s tenth-largest bank , revolted. The Commonwealth Bank appeared to shareholders as simply putting out a fire. ” The Commonwealth Bank is one among many firms around the globe that is forging new ground.

TSR 9

TSR Banking Committee Incentives 9

Building Personal Strength

MARCH 4, 2010

His most recent act of loyalty was to restructure our credit to our advantage, to help us thrive during the recession. He did this of his own initiative, even though it involved some risk to his bank. A practical and personable businessman, he’s been loyal to us all that time. Naturally, we’ve been loyal to him, too.

Loyalty 107

Loyalty Open-book CFO Restructuring 107

Harvard Business Review

JULY 30, 2012

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.

Restructuring 14

Restructuring Banking Politics Project 14

Harvard Business Review

OCTOBER 16, 2013

The contraction in the Greek banking system, brought about by the crisis, the restructuring of Greek banks, and the imposition of Basel III regulations, has been aggravated by a warrant scheme aimed to support investing in banks rather than the creation of aggregate credit.

Restructuring 8

Restructuring Banking Media Bottom-up 8

Harvard Business Review

SEPTEMBER 1, 2015

When the European Union has finally approved Greece’s €86 billion bailout package, and Greece has used some of the money to repay the European Central Bank, why does uncertainty still dog the country’s future? The government has also agreed to sell at least €50 billion of assets to recapitalize Greek’s banks.

Restructuring 8

Restructuring Banking Supply Chain Tourism 8

Harvard Business Review

JANUARY 9, 2018

We employ cross-shareholder ownership — in which a company has interlocking stock ownership with other firms or banks with which the firm has close business ties — as the proxy variables of the strength of a manager’s defense against market disciplinary power.

Restructuring 8

Restructuring Management Marketing Incentives 8

Harvard Business Review

MAY 28, 2018

Then a new CFO joined the company: Masashi Oka, a financial industry veteran who had played a key role in transforming Mitsubishi UFJ Financial Group-owned Union Bank in the US. Oka had found feedback from US regulators very helpful in his efforts to revive Union Bank and saw an opportunity to do something similar at Nikon.

Company 8

Company ROIC CFO Restructuring 8

Harvard Business Review

FEBRUARY 27, 2015

Greece appears also to lose control of the €11 billion reserves of the Greek banking stability fund. Greece did have some good arguments going for it: It had achieved the biggest fiscal adjustment any developed country had mustered so far , stabilized its economy, and restructured its private debt.

Restructuring 8

Restructuring Policies Crisis Banking 8

Harvard Business Review

JUNE 12, 2012

Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. Both governments have now injected billions into these ailing banks, to the detriment of their respective debt profiles. percent to 102.9

Real Estate 12

Real Estate Banking Construction Politics 12

Harvard Business Review

JULY 21, 2011

In other words, they propose a certain amount of rescheduling and possibly some softening of the conditions by the private sector only if the banks want to. I also find it odd that banks should be so unwilling to accept that they also made mistakes in lending to Greece, a point I made in an earlier post.

Proposal 13

Proposal Bond Banking Restructuring 13

Harvard Business Review

JUNE 20, 2014

They help address the problems of traditional business relationships, allowing the parties to understand one another’s values and restructure their interactions in real time. Consider the failed merger of Deutsche Bank and Dresdner Bank , which would have formed the largest bank in the world. The agreement was called off.

Innovation 8

Innovation Retail Banking Price 8

Harvard Business Review

JULY 27, 2015

This is where the July 2012 memorandum of understanding between Greece and the Troika (the International Monetary Fund, European Central Bank, and the European Commission) failed miserably; the previous government, much like Syriza, wanted to preserve the status quo. The IMF, ECB, and EU own the rest. And what about that price?

Banking 8

Banking Crisis Tourism Policies 8

Harvard Business Review

APRIL 18, 2012

The choice of who will lead the World Bank has been made. It was a much-watched contest, as many had thought it might turn out otherwise—that the old boys' bargain, under which an American gets to lead the World Bank and a European gets the IMF, would cave in to pressure from everyone else.

Globalization 11

Globalization Banking Restructuring Politics 11

Harvard Business Review

FEBRUARY 11, 2011

Structures can be complicated: one British bank where I coach has a clear hierarchy at the top but a complex matrix structure further down which, according to my clients, allows some managers to dodge their responsibilities while others can move troublesome staff around or "exit" them easily.

Restructuring 15

Restructuring Operations Consultative Retail 15

Harvard Business Review

MARCH 21, 2016

In a new follow-up study , we explored how to short-circuit the debilitating effects on a team of a leader describing negative events, such as a potential restructuring or poor sales. As an example, one pair of articles looked at shortages at a local food bank. Jim Whitehurst.

Team 8

Team Restructuring Brainstorming Participative 8

Harvard Business Review

SEPTEMBER 7, 2012

"Our top line was growing, but the bottom line was not moving much and we had drawn down a lot on our bank credit line," he says. And when Allen Printing's bank, facing problems of its own in 2010, suddenly called in its loan, the company was so strapped for cash that it had to file for Chapter 11.

Metrics 8

Metrics Working Capital Restructuring Banking 8

Frank Sonnenberg Online

JUNE 21, 2021

Change can involve the adoption of new technologies, reengineering, mergers and acquisitions, restructuring, culture blending, or any of a number of other forms. Others will resist getting in the car at all. For most people, change is a big deal. Change is a big deal because it often requires leaving our comfort zones.

Hotels 125

Hotels Stress Resistance Restructuring 125

Harvard Business Review

DECEMBER 4, 2018

That’s why P&G has been restructuring for 20 years “ without much to show for it ,” according to one former finance manager. By March 2016, Chinese smartphone maker Xiaomi had invested in some 55 startups, generating products from power banks to air purifiers.

Brand 11

Brand Retail Incubator Merchandising 11

Harvard Business Review

APRIL 30, 2014

In these ratings, companies including Siemens, Google, Costco, Deutsche Bank, and ArcelorMittal were classified as “asleep” because they have exclusively male executive teams. Google and Deutsche Bank also have a massive, global focus on diversity with enormous commitment at all levels of the organization. Europe, and Asia.

Diversity 8

Diversity Execution Commitment Banking 8

Harvard Business Review

JULY 12, 2016

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. Third, we found that management responded to immaterial issues to divert attention away from material ones.

Proposal 8

Proposal Short-term Advertising Hedge 8

Harvard Business Review

SEPTEMBER 30, 2015

Christian Busch PhD, Associate Director at the London School of Economics Innovation Lab, has studied modern micro-credit, mobile banking, and micro-saving — all intriguing innovations. In our book, we tell the story of a new manager who found himself leading a new team after a restructuring.

Management 8

Management Uncertainty Open-book Self-aware 8

Harvard Business Review

JANUARY 29, 2018

Previously strong barriers to entry have perished; fixed assets such as car fleets, hotels, bank branches, and landline infrastructure have become weaknesses. Rather than simply abandoning the core business, companies will need to strike a delicate balance when making corporate and financial restructuring moves.

Industry 8

Industry Fixed Assets Retail Market Penetration 8

Harvard Business Review

DECEMBER 19, 2017

In our early research on 2016 data we had found that only 16% of companies had taken steps toward reinvention, meaning they restructured their portfolios (shedding declining businesses and expanding profitable ones) and poured more money than their peers into an aggressive digital strategy based on new platform business models.

Succession 8

Succession Industry McKinsey Business Model 8

Harvard Business Review

SEPTEMBER 9, 2015

Senate Banking Committee to save his competitors. ” Downtimes, when there is significantly less resistance to change and underutilized workers are available to make on them, provide excellent opportunities for companies to tackle challenging restructuring projects. automobile industry. The China-Sparked Crisis. .”

Supply Chain 8

Supply Chain Retail Crisis Operations 8

Harvard Business Review

JUNE 29, 2015

Because of their relationships with banks, PE funds can get financing much cheaper than target companies could under their current management. It also takes a long time for returns on R&D investments to be realized—longer than the average five-to-seven-year period before the portfolio company is sold off.

LBO 8

LBO Innovation Sample Short-term 8

Strategy Driven

SEPTEMBER 4, 2018

The company will also need to hire an investment bank to handle the underwriting of the deal. Because IPOs involve the complete restructuring of the company’s ownership, there are many details that need to be ironed out. And going public always requires hiring a team of highly specialized mergers-and-acquisitions lawyers.

IPO 62

IPO Real Estate Cost Company 62

Harvard Business Review

MAY 1, 2018

By contrast, World Bank data suggests that the average holding period in 2015 for public company shares globally was just over seven months. Think of how often activists have pressed for the sale and restructuring of firms and for the dismissal of CEOs. Indeed, any chief executive has good reason to fear an activist.

CEO 8

CEO Real Estate Long-term Short-term 8

Harvard Business Review

JULY 31, 2015

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. ” Lees suggests saying something like: “My former company went through an extensive restructuring. Losing your job is hard. How do you maintain your self-confidence?

How To 8

How To Budgeting Self-aware NGO 8

Strategy Driven

DECEMBER 9, 2015

Some templates include accounting firm, bank, bar, cooking, educational, family, fashion, general business, salon, and vehicle services. These free tech tools can be directly applied in a work role or used simply to build one’s creative and technical skills. One does not have to be tech-savvy to create an app within just a few hours.

Tools 50

Tools Document Restructuring Software 50

Harvard Business Review

NOVEMBER 19, 2013

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.

Innovation 9

Innovation Company Entrepreneur Constraint 9