Marshall Goldsmith

JUNE 16, 2013

Who would you rather have as a CFO? A moderately good accountant who is great with people outside the firm and skilled at managing very smart people? And not many people remember that Jack Welch has a PhD in chemical engineering. Not a tough choice, really. At some point, you get the benefit of the doubt on skill issues.

Chemicals 133

Chemicals Welch CFO CEO 133

Marshall Goldsmith

NOVEMBER 22, 2010

Too often, we find companies measure only the percent of managers that had completed succession plans in place. Some of these criteria are challenging even for behavioral scientists to assess, much less the average line manager. She has always been in an engineering role. Keep it simple. Stay realistic.

Planning 118

Planning Efficiency Succession Tips 118

Tanveer Naseer

JULY 12, 2016

The hubris displayed by Skilling, along with founder Kenneth Lay and CFO Andrew Fastow, didn’t just destroy Enron. At Boeing, Alan Mulally was hired right out of college as an engineer and went on to become its CEO before becoming the chief executive at Ford. Look for fun, meaningful ways people can interact outside work.

Kaplan 100

Kaplan CEO Real Estate CFO 100

Mills Scofield

NOVEMBER 18, 2011

In the early weeks we learn that our product won’t stand up to the sanitation requirements of the industry and we’re presented with real engineering problems in design and materials, but these are problems we know how to solve. So into the “Scoping” stage we go and the learning begins.

Succession 70

Succession Industry Stage-Gate CFO 70

Harvard Business Review

MARCH 23, 2015

Most finance managers in both large and small businesses encounter numerous proposals for capital investments and many of the people proposing these investments don’t have a clear picture of what the return will be. The two founding partners were both engineers who loved technology. ” Guess what? We bought the printer.

Finance 8

Finance NPV CFO ROI 8

Harvard Business Review

JULY 31, 2017

Banks and lenders have predictive analytics engines that tell the lender the probability that a customer will pay them back. One area so far relatively untouched is change management. The combination of predictive analytics, large data sets, and the processing power of today’s computers is starting to transform change management.

Marketing 8

Marketing Root Cause Analysis Management Supply Chain 8

Harvard Business Review

JUNE 8, 2018

So, investors, and therefore managers, might be adjusting their approach to risk accordingly. CFOs of these companies themselves admit that they cannot justify their market capitalizations based on traditional metrics. One CFO said that her valuation should be considered on a per idea basis instead of a per earnings multiple.

Report 8

Report GAAP Net Present Value CFO 8

Harvard Business Review

JULY 29, 2014

In the July/August issue of HBR , Ram Charan argues that the Chief Human Resources Officer (CHRO) role should be eliminated, with HR responsibilities funneled in two separate directions — administration , led by traditional HR-types, reporting to the CFO; and talent strategy , led by high-potential line managers, reporting to the corner office.

CFO 11

CFO Charan Intangible Assets Human Resources 11

Harvard Business Review

MAY 23, 2012

The recent disclosure of a multi-billion dollar trading loss at JPMorgan Chase reminds us again of the challenge and complexity of risk management, the subject of our June 2012 HBR article, "Managing Risks: A New Framework." Each requires customized risk management processes. The compliance-oriented risk manager of a failed U.K.

Risk Management 9

Risk Management CIO Management Banking 9

Great Leadership By Dan

NOVEMBER 26, 2014

How many leaders and managers of large corporations watched Hayward implode on television and thought to themselves, "I never want that to be me"! How are risk assessment, and more specifically -- enterprise risk management ("ERM") implemented in your organization?

CEO 240

CEO Compliance Organization Report 240

Harvard Business Review

APRIL 13, 2015

As a result, Labs management was being asked to do more with less. He wants engineers “innovating more on how to [design jets] more simplistically, as opposed to driving more complexity… How do you innovate to make it more producible? What would inspire the CFO or CEO to talk to investors about a major innovation underway?

CFO 8

CFO Innovation CEO Airlines 8

Harvard Business Review

OCTOBER 14, 2011

And as a former CFO I also understand the preoccupation with numbers, but during my time as a CEO it has become clearer to me than ever, that numbers don't tell the whole story. Not just managers?" It's all about a simple, focused mission; an effective management team; and great culture. As a CEO leading a global U.S.-based

CFO 12

CFO Software Engineering CEO 12

Harvard Business Review

SEPTEMBER 11, 2017

Set up a simple workflow to manage customer requests. Don’t let your engineers hack together workarounds that will need to be maintained down the road; provide real engineering solutions to the types of problems new software has. Your support and engineering team are tired of the same issues showing up again and again.

Metrics 13

Metrics Engineering Efficiency Learning-by-Doing 13

Harvard Business Review

SEPTEMBER 28, 2012

The world's biggest and fastest search engine can't help but generate terabytes and petabytes of actionable investment intelligence. In fact, Google chief economist Hal Varian (and other economists and forecasters) already use the search engine's data and analytics to predict economic futures. An HBR Management Puzzle.

Hedge 15

Hedge Core Competence CFO ROI 15

Harvard Business Review

FEBRUARY 25, 2014

As important as the volunteers were to BrainGame, they were an opinionated group­ and weren’t always easy to manage. Klara Eberhart, the head of engineering, interrupted. We need to bring in people whose expectations we can manage.” She proposed hiring 15 to 20 new engineers. Klaus folded his arms, but Klara wasn’t done.

Company 9

Company CFO Proposal Engineering 9

Harvard Business Review

SEPTEMBER 22, 2014

Managers often think about their careers in terms of winning and losing. With a background in both strategy and finance, Sheila was an up-and-coming manager at a well-known consumer products company. Winners ascend the corporate ladder and get the praise, recognition, bonuses, and top jobs. Naturally, Sheila was upset.

Career 10

Career Examples Supply Chain CFO 10

Harvard Business Review

FEBRUARY 26, 2016

Three years later, GE hired veteran software engineer Ganesh Bell to be chief digital officer of GE Power and Water. Domain expertise at an automaker includes things like mechanics, telematics, structural engineering, design, and so on. Many such leaders are relatively young and highly sought after. Cut layers.

Short-term 8

Short-term How To Venture Capitalist CFO 8

Harvard Business Review

AUGUST 22, 2018

Water, no ice, please,” said Noelle Freeman, the CFO of Franklin Climate Systems. Franklin was in the business of designing, engineering, and manufacturing climate control systems for cars and SUVs. As CFO, Noelle was, of course, concerned about the numbers.

Case Study 13

Case Study CFO Bottom-up Operations 13

Harvard Business Review

AUGUST 30, 2011

But other companies have managed to thrive long after the departure of their talented founders (GE, IBM, Procter & Gamble, HP until recently). Wozniak brought exceptional engineering chops. According to Fortune Magazine , only one executive at the firm — the CFO — has P&L responsibility. Why not Apple?

P&L 14

P&L Supply Chain Retail COO 14

Harvard Business Review

AUGUST 15, 2013

They resist getting their hands dirty alongside the CIO, even though many of them will readily get down into the mud of a balance sheet with the CFO or strategize the details of global brand issues with the CMO. IT management' In fact, CEOs avoid IT like the plague. It''s true, in a sense, that enterprise computing is like a utility.

CEO 8

CEO CIO Technology CFO 8

Harvard Business Review

DECEMBER 25, 2014

in January 1968 as a young 22-year old with $8 in his pocket and an undergraduate degree in mechanical engineering from IIT Bombay. or a European company, a top Korean manager in a Korean company—they can assist a person of diverse background help gain insight into the culture of the organization and serve as a wise counsel.

Team 12

Team Diversity CFO TSR 12

Harvard Business Review

JULY 30, 2013

The old way was information management; the new way is information intelligence. The old way was IT systems management; the new way is platforms that enable new value chains and integrated ecosystems. The old way was cost management; the new way is driving business transformation and accelerating growth. IT management'

CIO 8

CIO Innovation Technology Wireless 8

Harvard Business Review

APRIL 5, 2013

But often, managing the business gets short shrift. Launch several management initiatives, including the creation of a high performance culture, the establishment of targets for total customer satisfaction, and a re-vamp of the financial and project management systems. I''m not naming it to protect client confidentiality.)

COO 8

COO Chief Operating Officer Strategic Planning Project 8

Harvard Business Review

MAY 5, 2016

Instead of selling the streetlights and leaving the cities to manage them, the company would rent them out for a monthly fee, with installation, maintenance, and monitoring software all included. The city manager had originally wanted 6,000 lamps but had cut the order back to 1,000 for budgetary reasons. They’re Back.

Case Study 8

Case Study Business Model CFO Software 8

Harvard Business Review

JULY 27, 2012

Throughout the process, Bill was never allowed to meet with the decision maker, the CFO. Consider a sales engineer I'll call Martha Williams, who worked for a process-control design firm. To Build a Great Sales Team, You Need a Great Manager. Bill's effort was a waste of time for his firm. Second, delays occur.

Price 14

Price Chemicals Tactics CFO 14

Harvard Business Review

JUNE 25, 2015

The Chief Entrepreneur will be responsible for managing a portfolio of entrepreneurs who experiment with new business models and value propositions. You produce growth engines with calculated bets, not “wild-ass gambles.” This means managing entrepreneurs who can navigate trends and market behaviors. You persevere.

Entrepreneur 8

Entrepreneur CTO Business Model CEO 8

Harvard Business Review

JUNE 4, 2013

How about this, the boardroom version of Sophie''s Choice: "Who would you rather fire, the CFO or the CSO?". With the trend toward cloud computing continuing to grow, it is vital that third-party vendor relationships are managed ever more closely. IT management' Companies mistakenly write off these reports as irrelevant to them.

CEO 8

CEO CFO Offshoring Cost 8

Harvard Business Review

MARCH 17, 2011

Chinese women in powerful business positions include Wei Sun Christianson , CEO of Morgan Stanley, China ; Mei Yan , Managing Director of MTV Networks, China; and Mary Ma , former CFO of Lenovo and managing director in global equity giant TPG, who recently started her own investment fund. The payoff?

Survey 13

Survey Policies Globalization CFO 13

Harvard Business Review

MAY 28, 2018

The marketing team was getting lost in attribution, pulling the same search engine marketing levers, talking to the same audiences, and creating the same campaigns with diminishing returns. As a result, the conversion rate from Facebook campaigns managed by Albert increased by 750% in Albert’s first year of operation.

Retail 8

Retail Audience Budgeting Advertising 8

Harvard Business Review

SEPTEMBER 11, 2015

Over the past six years, we have put in place a 30-person consulting team at EMC Information Infrastructure (EMC II) using a model we have found to be successful, winning projects away from external management consulting firms at a fraction of the cost, and with great “client” (that is to say, EMC) satisfaction.

Consultative 8

Consultative Team How To McKinsey 8

Harvard Business Review

AUGUST 1, 2017

Recommendation engines (or recommenders ) force organizations to fundamentally rethink how to get greater value from their data while creating greater value for their customers. In other words, they’re a terrific medium and mechanism for transitioning traditional managements to platform perspectives. Crossing the Digital Divide.

Engineering 8

Engineering Company White Paper Cooper 8

Harvard Business Review

JANUARY 30, 2012

Instead of focusing on the work you have to do together, you may end up wasting time and energy trying to keep your emotions in check and attempting to manage the person's behavior. Manage your reaction. Goleman says the first step is to manage it. Do: Manage your own reaction to the behavior first. What the Experts Say.

Goleman 19

Goleman How To Emotional Intelligence Self-aware 19

Harvard Business Review

JULY 14, 2017

Retailers like Walmart and Macy’s manage a supply chain, buying and reselling their own inventory. Let’s see what happens when we connect them rather than manage them — that is, focus on the links rather than the nodes. We normally think of people as something to be managed. Human capital. Intellectual capital.

Intellectual Capital 8

Intellectual Capital Strategy Supply Chain Business Model 8

Harvard Business Review

AUGUST 5, 2016

They had framing conversations with the CEO and CFO early on to discuss any financial or operational challenges. Then, after their own renewables purchases, they’ve “paid it forward” and talked with other industrials. Get early buy-in.

Energy 8

Energy Industry Finance CFO 8

Harvard Business Review

OCTOBER 18, 2013

With these rules in place, 8 cross-functional teams—each composed of middle managers, a consultant guide, and a sponsor from the leadership team—were formed. Leadership created an optimization office reporting to the CFO to facilitate cost reduction projects, train new team members, and document and disseminate results across the system.

Cost 8

Cost Health Care Six Sigma Insourcing 8

Harvard Business Review

OCTOBER 11, 2013

When the well-known hedge fund manager and short-seller Jeremiah Hughes first put Terranola in the spotlight, issuing ominous warnings about unsold products, a looming patent expiration, and flawed growth projections, the considered judgment of the executive team was to do nothing. “I As CFO, A.J. They even sued one fund manager.

Case Study 8

Case Study CFO Hedge PR 8

Harvard Business Review

JULY 27, 2015

These types of information can be used to conduct malicious activities such as social engineering, creating dossiers on high-profile figures (with the end game to disrupt their lives in a malicious way), stealing identities, damaging a corporate brand, and more. Fifth, all organizations have a business continuity management team.

Health Care 8

Health Care Hedge Banking Training 8