N2Growth Blog

SEPTEMBER 28, 2020

Donna Morris, Executive Vice President, Chief People Officer at Walmart (NYSE WMT) : Also a member of the executive committee, Morris is responsible for attracting, retaining, and developing talent for one of the world’s largest private employers with more than 2.2 million employees worldwide. Affiliates. Hoffmann-La Roche.

Human Resources 469

Human Resources Globalization Diversity Resources 469

Ron Edmondson

SEPTEMBER 7, 2018

In any organization, growth brings stress to systems and structure. When I left the church where I was pastor we had seven amazing people on our finance committee, for example. They were godly, intelligent and absolutely brilliant in the handling of finances. Recruit someone and give them a simple task as a trial run.

Finance 44

Finance How To Committee Stress 44

Ron Edmondson

NOVEMBER 2, 2017

They are constantly struggling with leadership issues, finances and simply knowing what to do next. Established churches have systems. Committees. Most of what I know now came from experience and the wisdom of others. Many of the suggestions I shared are suitable for young leaders in any field. Structure.

Committee 56

Committee Budgeting Finance Advice 56

Ron Edmondson

APRIL 24, 2018

I prefer systems and structures which allow for freedom of individualized methods of execution, towards a more defined vision we are seeking to attain. When one person is disrupting that system – causing more harm than good to the organization – that’s a problem to be solved. And, they were truly trying to help people.

Policies 37

Policies Committee Budgeting Finance 37

Strategy Driven

JULY 6, 2015

I started in the insurance business in 1993 as a fresh graduate from East Carolina with a finance degree. It was about six months after my joining and he said, "just stick it out, get involved, get on some committees, and see what happens after a year. Served on committees welcoming new members and meeting other small business owners.

Insurance 50

Insurance Committee Customer Loyalty Competitive Advantage 50

HR Digest

NOVEMBER 9, 2023

As 2023 draws to a close and companies begin to settle on the wages and hikes for the next year, the question of how to create an equitable compensation system might flash in everyone’s mind—if briefly. Building a conscious pay system requires conscious policies and practices that support such an initiative.

System 52

System How To Benchmarking Diversity 52

Ron Edmondson

DECEMBER 9, 2014

We had duplicated processes and systems. As with most churches in need of revitalization, our finances had been struggling for several years. Thankfully we had good people in charges of our finances and they had held the church together through very difficult times. And, some rules we follow were simply archaic.

Micromanagement 70

Micromanagement Long-term Finance Bureaucracy 70

Ron Edmondson

APRIL 30, 2019

We had duplicated processes and systems. As with most churches in need of revitalization, our finances had been struggling for several years. Thankfully, we had good people in charge of our finances and they had held the church together through very difficult times. Some rules we follow were simply archaic. New expenditures.

Micromanagement 40

Micromanagement Long-term Finance Energy 40

Ron Edmondson

APRIL 21, 2015

They are constantly struggling with leadership issues, finances and simply knowing what to do next. Established churches have systems. Committees. Most of what I know now came from experience and the wisdom of others. Many of the suggestions I shared are suitable for young leaders in any field. Structure.

Committee 30

Committee Edmondson Budgeting Finance 30

Ron Edmondson

AUGUST 28, 2016

We had duplicated processes and systems. As with most churches in need of revitalization, our finances had been struggling for several years. Thankfully we had good people in charges of our finances and they had held the church together through very difficult times. Some rules we follow were simply archaic. New expenditures.

Micromanagement 56

Micromanagement Long-term Finance Energy 56

Marshall Goldsmith

FEBRUARY 8, 2018

Tony Marx – President and CEO, New York Public Library – the nation’s largest library system. Previously Kevin was a leader in Electronic Data Systems and Ford. Darek Lenart – Senior VP HR, Finance MasterCard. His vast experience from serving on the Committees of Finance, Judiciary, Education, and Rules.

Executive Coaching 70

Executive Coaching CEO Magazine Banking 70

Harvard Business Review

DECEMBER 23, 2016

As the talent ecosystem evolves to offer more options, talent systems have not kept pace. Typical systems are fragmented between disciplines like HR (which focuses on the internal, “permanent” workforce) and Procurement (which focuses on the external, “contingent” workforce), each with different and competing goals.

Strategy 8

Strategy Span of Control Finance How To 8

Harvard Business Review

SEPTEMBER 11, 2017

And they count on well-intentioned, smart people sitting in a committee to decide which ideas are worth pursuing. Instead of having a committee vet ideas, they need a process that operates with speed and urgency , and that helps innovators and other stakeholders to curate and prioritize problems, ideas, and technologies.

Process 13

Process Innovation Incubator Committee 13

Harvard Business Review

AUGUST 13, 2012

A terrorist incident, a breakdown of the London rail system, power blackouts, volcanic ash clouds , flooding, an outbreak of infectious disease—the London organizing committee (LOCOG) and the International Olympic Committee (IOC) spent years thinking about every scenario they could imagine.

Risk Management 15

Risk Management Management Committee Insurance 15

Harvard Business Review

JULY 19, 2016

As one wag put it, “it is a bit like giving Vladimir Putin a vote on the Senate Armed Services Committee.” ” So we have ended up with a system that creates “ownerless corporations.”

Company 8

Company Offshoring Finance Committee 8

Harvard Business Review

OCTOBER 6, 2016

Hearings last month before the Senate’s banking committee and the House’s Financial Services Committee point to further dangerous cultural dynamics inside Wells Fargo. According to Stumpf’s testimony, a board committee became aware of the fraud “at a high level” back in 2011.

Banking 10

Banking Committee Leadership Ethics 10

Harvard Business Review

MAY 15, 2014

The report describes the company’s governance response and changed compliance framework — from holding 20 audit committee meetings in 2014, to substantial organizational restructuring, to enhanced education and training. On paper, Walmart appears to have adopted many best practices and to have set out a sound plan for moving forward.

Compliance 8

Compliance Committee Globalization CEO 8

Harvard Business Review

JULY 20, 2015

This advice, adapted from the book Finance Basics , will help you better understand how to create a useful budget. Your job now is to look at big-picture items such as computer systems and to determine how all the smaller-scale budgets fit together. Finance Basics (20-Minute Manager Series). Finance & Accounting Book.

Budgeting 8

Budgeting Finance Cost Price 8

Harvard Business Review

MAY 23, 2017

” A new clinical model based on an advanced illness-management program one of us (Brad) developed at Sutter Health, an integrated system in Northern California, demonstrates how to increase quality while dramatically reducing costs. health care system from a supply-driven, fee-for-service structure toward payment for real value.

Health Care 9

Health Care Sharpe Document Cost 9

Harvard Business Review

FEBRUARY 2, 2012

The scale and severity of the impact of his actions as CEO of RBS made this an exceptional case," the Honors Forfeiture Committee mandarins concluded. Goodwin had brought the honors systems into disrepute; his award was thus annulled. Otherwise institutionalized imbalances in compensation encourage too many people to "game the system."

Incentives 14

Incentives Committee Banking Long-term 14

Harvard Business Review

FEBRUARY 2, 2016

You’ll often find customer relationship management within marketing, budgeting within finance, supply-chain management within operations, outsourcing within procurement, training within HR, and new product development within R&D. Business units come and go, but finance, HR, marketing, IT, legal, and R&D seem to last forever.

Development 8

Development Supply Chain Incentives Outsourcing 8

Harvard Business Review

OCTOBER 9, 2014

A very different result may be possible, however, as more states and localities authorize the construction of roads that are privately owned and financed, or even sell off existing roads and other infrastructure in order to relieve their own budgetary pressures. The regressive nature of the charges only complicates the politics.

Politics 8

Politics Health Care Budgeting Insurance 8

Harvard Business Review

JULY 19, 2016

In Wisconsin, where beneficiaries of the public pension system share the burden if investments yield poor results, member associations have not only lobbied for greater resources for the State of Wisconsin Investment Board but have kept an eye on politicians to ensure they don’t meddle inappropriately.

Politics 8

Politics Hedge Constraint Committee 8

Harvard Business Review

DECEMBER 6, 2010

Today, the guild mentality persists within companies, where functions such as marketing, sales, finance, IT, human resources and R&D all have their own area of special expertise. Cesare Mainardi is Managing Director of Booz & Company's North American business and is a member of the firm's Executive Committee.

Operations 13

Operations Competitive Advantage Supply Chain Retail 13

Harvard Business Review

JANUARY 6, 2012

These are some of the most salient issues of campaign finance facing CEOs and boards of directors as the nation heads into what will certainly be a bitter election year, with both houses of Congress and the Presidency up for grabs. Should we support generally moderate candidates who can compromise on major structural issues facing the U.S.,

Company 12

Company Politics Policies Proposal 12

Harvard Business Review

JUNE 9, 2017

Equally troublesome, almost all policies focus exclusively on payments and finances but ignore the powerful influence of careerism and other non-financial motives that may compromise objectivity far more than financial incentives. For academics, publishing and obtaining grants are key to promotion and career advancement.

Conflict of Interest 10

Conflict of Interest Pharmaceuticals Policies Industry 10

Harvard Business Review

AUGUST 15, 2013

Boards should require that CEO candidates demonstrate not just knowledge of finance and marketing but also a technology aptitude. The compensation committee should push for clearer links between pay and performance for IT-related activity (which ultimately is nearly everything most firms do). Accountability.

CEO 8

CEO CIO Technology CFO 8

Harvard Business Review

JUNE 13, 2012

The company's performance measurement and incentive systems, and the degree to which risk management is considered, will also have a profound impact on employee behavior. Critics have pointed out that the risk committee of JP Morgan's board consists of three directors with no significant banking or risk experience.

Management 12

Management Banking Committee Risk Management 12

Harvard Business Review

JANUARY 27, 2017

But only the human oversight committee approves what gets “autonomized” and how it is implemented. In theory, the organizational challenges of algorithmic autonomy map perfectly to which processes or systems are being made autonomous. They both take initiative on what to analyze and brief top management with what they find.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8

Harvard Business Review

MAY 31, 2012

Such determination is subject to ratification by (and for an award to the CEO would be made by) the [Board's] Compensation & Management Development Committee. Dimon is scheduled to testify before the Senate Banking Committee in early June. There can be little doubt that the trading fiasco has harmed JP Morgan.

CIO 8

CIO Committee Risk Management Banking 8

Harvard Business Review

OCTOBER 1, 2013

Some people I interviewed said that some talented managing directors now decline joining operating or risk management committees or being designated as “Material Risk Takers” because of the accompanying liability and restrictions on their ability to sell stock. Compensation Finance Organizational culture'

Banking 9

Banking Risk Management Constraint Finance 9

Harvard Business Review

APRIL 24, 2017

It might also include political capital that arises from membership of or strong ties to a high status group such as the finance committee, a special task force, or the senior management team. process that uses structures of control systems, incentives, and sanctions that keep the organization in compliance. The High Ground.

Politics 14

Politics Bureaucracy Long-term Short-term 14

Harvard Business Review

JUNE 13, 2012

At a meeting on April 8, Drew assured Dimon and the operating committee of JPMorgan that the trades were being well managed and would work out. On April 4 of this year, Dimon read a short article in the Wall Street Journal about a JPMorgan trader in London, Bruno Iksil, who was making massive bets that exposed the bank to high levels of risk.

Banking 9

Banking Kahneman Document Simon 9

Harvard Business Review

FEBRUARY 10, 2015

” Your investor reporting systems may soon be required to answer a call to meet these reporting standards. New reporting is interesting, but where’s the real payoff? Managers may soon be held much more accountable for demonstrating that they make rigorous decisions about human capital and organizational capability.

Human Capital 8

Human Capital CFO Banking Report 8

Harvard Business Review

FEBRUARY 3, 2014

In fact, the Federal Reserve System is almost certainly the nation’s largest employer of PhD economists, with more than 200 at the Federal Reserve Board in Washington and what is likely a similar number (I got tired of counting) scattered among the 12 regional Federal Reserve Banks. That Fed staff is loaded with economics PhDs.

Banking 9

Banking Rogers Career Education 9

Harvard Business Review

JANUARY 24, 2013

These reports — one from a company task force and a second from a review committee of the board — were overshadowed by two items announced the same day: the related news that the bank board had slashed CEO Jamie Dimon's annual compensation in half — from $23 million in 2011 to $11.5 The Board and the Risk Policy Committee.

Report 8

Report CIO Crisis Committee 8

Harvard Business Review

OCTOBER 22, 2015

One of the team’s central findings is that TDABC cannot be delegated to the finance function. The clinic created a high-level steering committee to oversee all its costing and value-improvement projects. Establishing this committee signaled that implementing value-based health-care delivery was an institutional priority.

Mayo 8

Mayo Health Care Committee Project 8