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Michael Fraccaro, CHRO at Mastercard, on the value of business resource groups

HR Digest

In an interview with The HR Digest, Michael Fraccaro, Chief Human Resources Officer at Mastercard, explains the importance of business resource groups and the vital role it plays to deliver real business results. To what extent is that down to a successful talent management strategy? There are no short-cuts in management.

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4 Models for Using AI to Make Decisions

Harvard Business Review

At some of the world’s most successful enterprises — Google, Netflix, Amazon, Alibaba, Facebook — autonomous algorithms, not talented managers, increasingly get the last word. Elite MBAs (Management by Algorithm) are the new normal. Top management would have to trust its computationally brilliant bidding software.

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Stop Waiting for Governments to Close the Skills Gap

Harvard Business Review

There are many explanations for growing inequality and stagnant wages, but studies have found that so-called “skills premiums” — higher wages for more-skilled workers — have been a significant factor in growing income inequality, and technology is the reason why that premium has risen.

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End the Religion of ROE

Harvard Business Review

He reasoned that if marketers worked on maximizing return on sales, production managers were rewarded for the sales they squeezed out of their physical plant, and finance managers focused on minimizing the amount of equity capital they needed, ROE would take care of itself.

ROE 13