Remove Budgeting Remove Efficiency Remove Operations Remove Resistance
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Transforming Finance: The Role of a Financial Technology Company in the Digital Age

Strategy Driven

Finance digital transformation involves leveraging cutting-edge technologies for better operational efficiency and enhanced strategic decision-making. Efficient workflows help you maintain consistent work quality, reduce waste, and maximize profits. In that case, the company still needs to be more efficient.

Finance 109
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Many Strategies Fail Because They’re Not Actually Strategies

Harvard Business Review

Town hall meetings are organized, employees are told to change their behavior, balanced scorecards are reformulated, and budgets are set aside to support initiatives that fit the new strategy. “We want to be the number one or number two in all the markets in which we operate” is one of those. And then nothing happens.

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How to Get Employees to Stop Worrying and Love AI

Harvard Business Review

However, after being given the reins on budgeting and buying decisions, Maister saw his decisions were degrading results. Resistance to disruptive, technology-driven change is not unusual. The vendor scrambled to give him the controls he wanted. Disruption of plans. ​He scrambled to derail consideration of the new system.

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U.S. Health Care Is on the Cusp of Bundled Payments

Harvard Business Review

In fact, a 2012 report from the Congressional Budget Office identified bundled payments as the only Medicare payment demonstration project to date that had showed clear savings. That precludes some of the more efficient providers of joint replacements from participating, thus, significantly limiting the impact of the program.

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Ten Clues It's Time to Replace Your Head of HR

Harvard Business Review

When the staff conversation turns to operating margins, cash flow, inventory, or revenue, does the CHRO tune out? Or is HR focused primarily on budget cuts and streamlining administration? Operating as efficiently as possible is a minimum expectation. Resist the temptation.

Metrics 14
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Greece in the Balance

Harvard Business Review

On the positive side, Greece has tidied up its balance sheet (at least the privately held debt), and nearly balanced its budget, excluding interest payments. But it hasn''t yet tackled its operational challenges, the root causes of the country''s crisis. Precious few things have changed in this regard.

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The Big Picture of Business: Institutional Reviews Help Public Companies to Learn from the Downturn and Move Forward

Strategy Driven

There is a sense that company operations are out of control. Expected Results of an Institutional Review: Your service is efficient and excellent, by your standards and by the publics. Upholding traditions does not necessarily mean that one vehemently resists change. External-Marketplace. Your staff is likeable and competent.

Review 57