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How Blockchain Is Changing Finance

Harvard Business Review

To wit, 45% of financial intermediaries , such as payment networks, stock exchanges, and money transfer services, suffer from economic crime every year; the number is 37% for the entire economy, and only 20% and 27% for the professional services and technology sectors, respectively. First, because it’s antiquated, a kludge of industrial technologies and paper-based processes dressed up in a digital wrapper. How technology is transforming transactions.

Figuring Out How IT, Analytics, and Operations Should Work Together

Harvard Business Review

A new set of relationships is being formed within companies around how people working in data, analytics, IT, and operations teams work together. For IT to operate in the data and analytics space often takes realigning roles and responsibilities. Analytics Operations IT Digital Articl

Getting an Intricate Operation Back in Sync

Harvard Business Review

Facing interconnected operational issues, members of the eight-person senior leadership team were turning against one another. The director of finance grumbled that overtime costs were too high, due to high turnover and the fact that employee sick time had spiked.

Shifting Finance from Controlling to Improving

Harvard Business Review

Yet this is exactly the challenge facing leaders of the finance function who are asked to help their organization improve the way that work is done. As finance shifts its focus from controlling costs to advising managers on improvement activities, CFOs must change their thinking and behaviors. Even though when I get up and talk, because it's my role, I talk about finance, I'm always thinking about the impact on customers, quality and safety, and employees as well.".

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Midsized Companies Can’t Afford Operational Glitches

Harvard Business Review

But they don’t think nearly enough about operational meltdowns – technological glitches and other problems that can put them out of business. They are usually quick to recognize operational problems and deal with them before they become disasters. Instagram dodged an operational meltdown that could have rendered the start-up dead on arrival. Operational meltdowns at midsized companies can take much longer to notice and resolve. Operations Small/medium business

HP Headed to Hotel California?

Women on Business

When it works, it’s wonderful but the operative word is when it works. For a small business, this is a huge operational problem. business development Businesswomen Bloggers Businesswomen Profiles decision-making Female Entrepreneurs Female Executives female executives Finance Global Perspectives Human Resources Issues International Business Leadership Management public relations Strategy Technology Uncategorized Women On Business Women On Business News Women On Business Roundtable

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A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Between 2006 and 2008, more than $1 billion venture-capital dollars were channeled into startups focused on solar, wind and biofuel technologies. In the last year, however, early-stage investments in clean energy production technologies have fallen substantially (see the table at the end of this piece for more detail). Despite these gloomy headlines, three developments in the sector give us hope that the revolution in clean energy production is far from dead: 1.

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Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business Review

Small startup firms are already developing proprietary technologies — such as machine vision, deep learning, and other innovations —– that could help large investors evaluate opportunities and risks with far greater accuracy and efficiency than was previously possible. Research we have collected in recent months shows that pension funds, sovereign wealth funds, and endowments expect imminent breakthrough innovations in investment technology.

Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

Small businesses are also instrumental to our innovation economy; small firms produce 13 times more patents per employee than larger firms and employ more than 40% of high technology workers in America. These developments, while promising, are not without risks.

Survey Data Shows That Many Companies Are Still Not Truly Agile - SPONSOR CONTENT FROM CA TECHNOLOGIES

Harvard Business Review

In Today’s Digital Economy, Agile Practices Can’t Be Limited to Just the IT and Development Realms. By Surya Panditi, SVP and GM, Agile Management, CA Technologies. It’s no use having technology that’s responsive to the business if the business can’t respond to technology and the demands coming from its customers. Agile Adoption Goes beyond IT and Development to Other Organizations in the Business. Technology IT Sponsor Content

What Digital Change Demands of IT Organizations - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business Review

And that means buying more new technology: IT organizations must adopt new platforms and processes and integrate services in new ways. Read More from DXC Technology: Is Your Company Adapting Fast Enough to Thrive in an Increasingly Digital World? These COEs are responsible for innovation, transformation and process governance, and they work closely with operating units in Mexico, Brazil, Central America and the Philippines to roll them out.

Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies. By the 1980s, Silicon Valley had surpassed Route 128 outside Boston to become the center of the technology universe.

Could Your Next CEO Come from Any Department?

Modern Servant Leader

Do you value operations, maintenance, customer service , engineering, information technology , sales , finance, marketing , accounting – all departments, equally? In Good to Great, Jim Collins explains the best CEOs are not external hires, but brought up through internal development. Servant Leadership "Future Leader" "Organizational Development" "People Development" "Succession Planning" CEO Department

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Develop Your Company’s Cross-Functional Capabilities

Harvard Business Review

Instead, our interviews found a willingness to let organizational forms and structures evolve naturally, developing in line with the identity of the enterprise. Some of the first business functionaries were railroad telegraph operators who managed schedules.

3 Things Are Holding Back Your Analytics, and Technology Isn’t One of Them

Harvard Business Review

During the past decade, business analytics platforms have evolved from supporting IT and finance functions to enabling business users across the enterprise. We’ve found three main obstacles to realizing analytics’ full value, and all of them are related to people, not technology: the organization’s structure, culture, and approach to problem solving. In response, analysts developed an admirable data envelopment model. Technology Digital Article

Leadership in Cybersecurity

N2Growth Blog

Regardless of titles or functional position, the lead role in a security organization is expected to wear many hats and solve a myriad of strategic, operational and tactical problems. Policy & controls development with implementation.

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Develop Deep Knowledge in Your Organization — and Keep It

Harvard Business Review

Leaders with a passion for developing employees’ skills, and those who understand the need to transfer knowledge among generations of workers, know how important it is to link in-house education to strategic planning. The educational concepts developed in that program have since evolved into a larger learning program called EYP University, which provides an average of 20 courses a year for architects, engineers, and a combination of the two.

David Wiener’s 40 Rules for Business, Management and the Rest of Life

Leading Blog

All I can add in deal situations is to “tell the truth in the most favorable light possible,” have reasonable expectations financially and operationally, and try to make sure that every transaction is ultimately successful for both buyer and seller. Develop a sense of humor.

The Disconnect that Keeps Your Company from Performing at its Peak

Strategy Driven

Typically, Finance, Marketing, and Operations all have input, direct or indirect, on the creation and revision of the strategic plan. He has deep experience in building, leading, and scaling technology teams committed to rapid growth.

4 Must-Have Skills of the Well-Rounded Project Manager

Strategy Driven

To make sure that everything they do serves those goals, however, project managers have to have a deep understanding of how businesses operate; sort of a broad overview of how they fit into the overall puzzle. Web Development.

China’s New Development Bank Is a Wake-Up Call for Washington

Harvard Business Review

But in past weeks, it seems that the movie in Asia has been on fast-forward around global development and financing. It’s stated mission is to “focus on the development of infrastructure and other productive sectors in Asia.”

How To Prepare Your New Business For Success

Strategy Driven

You will need to maintain your finances, understand your audience, and all in all stick to your business goals no matter what. To develop your brand message , you will need to determine what it is you want to achieve with it. Maintaining finances.

The Questions Executives Should Ask About 3D Printing

Harvard Business Review

Carmakers have started using 3D technology to produce parts. The technology is expected to lead to reductions in the cost of employment, capital investment, shipping and inventory as well. manufacturers, wholesalers, and retailers, according to a leading technology industry analyst.

How GE and IBM are Playing Global Development to Win

Harvard Business Review

Most big corporations follow global development trends. That is the reactive approach to economic development. CEOs are proactively engaging with emerging market government to spur economic development and create opportunities for their companies. In the fast growth markets of Asia, Africa and Latin America, national governments are responding to a more empowered citizenship, and looking for corporate partners to achieve their development goals.

Old Buildings Are U.S. Cities’ Biggest Sustainability Challenge

Harvard Business Review

When a market is operating so far below its financial potential, the reason is usually that supply models do not meet the buying criteria of the market — and existing building energy retrofits are no exception. Operations Technology Article

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Leadership – No Talent Required | N2Growth Blog

N2Growth Blog

Clearly the difference possessed by all great leaders is that they refine, develop and build from their foundation – they don’t ignore it or take it for granted. Active, intentional, empathetic, and analytical listening all require a bit of development.

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How One Startup Developed a Sales Model That Works in Emerging Markets

Harvard Business Review

A lot had to take place for this all to happen: I had a problem but knew a solution existed; I had access to information on my options; I had a physical destination to see my options in person; a trained employee was available to provide advice and recommendations; and I had a means of financing to bring this appliance into my life almost immediately. Customers show up regularly to take out loans, arrange payments, and track their finances.

The INs and OUTs of Business Literacy

HR Digest

An effective financial literacy program should clear concepts of finance and accounting in simple terms with examples that are relevant to the organization’s day-to-day operations. I like to think of finance in an organization as a three-legged stool.

But My Business Is Different… | N2Growth Blog

N2Growth Blog

Great businesses are in constant search of improvement, innovation, change, disruption, knowledge and other strategic leverage points that lead to a competitive advantage or operational enhancement.

Blog 329

The Internet of Things Will Change Your Company, Not Just Your Products

Harvard Business Review

Finance. Finance teams, which are not known for their flexibility to begin with, often have trouble changing their traditional planning, budgeting, and forecasting processes to accommodate radically new IoT business models. The finance departments of these companies struggled to account in the same set of books for both one-time revenues for product sales and the recurring subscription revenues for IoT-related services. Operations.

Yes, Managing IT Is Your Job

Harvard Business Review

In order to see the future more clearly, it''s almost always helpful to look back — and this certainly goes for IT and its ever-increasing impact on operations, and ultimately on competitive advantage. Similar waves of innovative applications of technology (e.g.,

Bad Data Costs the U.S. $3 Trillion Per Year

Harvard Business Review

Leaders are well-advised to develop a deeper appreciation for the opportunities improving data quality present and take fuller advantage than they do today. ” Senior executives hedge their plans because they don’t trust the numbers from finance. 75% — an estimate of the fraction of total cost associated with hidden data factories in simple operations, based on two simple tools, the so-called Friday Afternoon Measurement and the “rule-of ten.”

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Philosophy and the Corporate Boardroom

You're Not the Boss of Me

In so many organizations, finance, economics and the pursuit of individual prosperity continue to be the only subjects worthy of respect and concentration. Developing this kind of tolerance is important. Through technology, the World has become more accessible to more people.

A Blueprint for Digital Companies’ Financial Reporting

Harvard Business Review

In a follow up HBR article , we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks and distilled seven key insights from those discussions. Investors, therefore, look not just for reported revenues but for drivers behind the revenues, especially because digital companies’ operating activities often differ from their revenue-generating activities. Dorling Kindersley/Getty Images.

The Best Leadership Books of 2016

Leading Blog

As technology becomes more disruptive and we see more importance placed on big data and artificial intelligence, what will matter most are those things that make us human – the soft skills. The story of Greenspan is also the story of the making of modern finance, for good and for ill.

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Dealing with Change as Your Company Grows

Strategy Driven

Perhaps the technology team want to spend more time developing an upgrade to your product, but the finance team insist the money is better spent elsewhere.

How Cloud Computing Is Changing Management

Harvard Business Review

Theories and practices of management often spring from the opportunities created by new technologies. The complex calculations of the field known as Operations Research were enabled by mainframe computing. Client-server technology begat enterprise resource planning systems, and the consequent system-wide visibility that was required for what we call business process management (BPM). Technology Product development Technology Digital Article

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Mobile Money Is Driving Africa’s Cashless Future

Harvard Business Review

Other mobile service operators are also vying to release innovations to help customers pay for things without cash, receive money from abroad, and obtain micro loans and insurance products. And cellular technology is leading the way. Bankelele, an award-winning Kenyan blogger on all things banking, shared some pragmatic insights from Nairobi, the heart of Africa’s mobile money revolution: “People seem to trust the mobile operators more than they do banks,” he said.

Philosophy and the Corporate Boardroom

You're Not the Boss of Me

In so many organizations, finance, economics and the pursuit of individual prosperity continue to be the only subjects worthy of respect and concentration. It used to work. Developing this kind of tolerance is important. I was having a conversation with my son the other day.

Leadership & Initiative Overload | N2Growth Blog

N2Growth Blog

This is the definition of presence, and it is only when we operate in the present that real creativity, growth and innovation occur. Operating in excess of that threshold will cause increased stress, lack of attention to detail and errant decisioning.

Blog 428

Best Leadership Blogs 2010 | N2Growth Blog

N2Growth Blog

If you are a regular reader of this blog and feel it has added value to your growth and development as a leader I would greatly appreciate your vote.

Blog 382

Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business Review

For instance, the cost of building and equipping a leading-edge semiconductor fab has climbed to $7 billion, as the technology required to make more advanced chips is getting more complex. Model 1: Virtual operator. Operations management Manufacturing Risk management Digital Article

How Dumb Is Your Business?

N2Growth Blog

Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? If your company can’t be operated by mere mortals, you need to reexamine your business logic.