Strategy Driven

DECEMBER 28, 2023

Running a commercial business is a multifaceted endeavor, fraught with challenges and variables that can influence success. While some of these elements are within a business owner’s control, others are external forces that require a well-thought-out strategy to manage.

Compliance 96

Compliance USP Trends Agility 96

Experience to Lead

JANUARY 29, 2024

However, managers and employees who can turn times of crisis into opportunities for organizational change and growth will be the ones to ensure the business stands the test of time. The good news is, there are ways of managing disruptions to business without crumbling under the pressure.

Learning-by-Doing 52

Learning-by-Doing Travel Competitive Advantage Crisis 52

Harvard Business Review

AUGUST 13, 2012

Risk management is now at the heart of the governance model for the Olympic Games and the Olympic movement, and not only because of their growing scale and complexity. Since the 1980s, however, Games organizing committees have increasingly invested in teams and systems dedicated to the management of risk through internal controls.

Risk Management 15

Risk Management Management Committee Insurance 15

N2Growth Blog

MARCH 10, 2011

Now the good news : As much as some people want to create complexity around the topic of leading change for personal gain, the reality is that creating, managing and leading change is really quite simple. Many critics remain in stealth mode trying to derail change behind the scenes by using their influence on others.

Leadership 347

Leadership Competitive Advantage Due Diligence Short-term 347

The Practical Leader

MAY 15, 2019

Identify those things you or your team directly control, can influence, and don’t control at all. Do the same for things you can influence. Many organizations have risk management programs focused on financial, legal, or safety risks. Are you flying into turbulence?

Open-book 92

Open-book Consensus Engineering Brainstorming 92

N2Growth Blog

OCTOBER 18, 2010

Gut instincts can only take you so far in life, and anyone who operates outside of a sound decisioning framework will eventually fall prey to an act of oversight, misinformation, misunderstanding, manipulation, impulsivity or some other negative influencing factor. I Think Not. mikemyatt: RT thx @ArtieDavis @MarkOOakes @words4warrio.

Blog 396

Blog Analysis CEO Brand 396

N2Growth Blog

MAY 16, 2010

If your company’s long-term business plan requires the acquisition, or retention of the uber employee then your business not only has a risk management issue, but it is likely not scalable. Talent is clearly a plus as long as it is a value add and not a business requirement. I Think Not.

Business Model 298

Business Model Brand Blog Supply Chain 298

N2Growth Blog

DECEMBER 16, 2023

Exploring Key Factors Influencing Effective Governance First and foremost, it is crucial to comprehend that governance is not a single-dimensional concept but a complex amalgamation of factors working in harmony. These factors form a formidable foundation for effective organizational governance when paired together.

Compliance 235

Compliance Efficiency Ethics Metrics 235

N2Growth Blog

APRIL 7, 2011

They are risk managers who believe in protecting what was rather than embracing what is, and what will be. . They are opportunity managers who believe engagement to be more valuable than silence, they believe in dialog not monologue, they believe in change and innovation – not in status quo. . The Truth (as I see it).

Media 298

Media CEO Brand Blog 298

Harvard Business Review

JANUARY 14, 2022

We often assume things are more evenly distributed than they actually are — and this influences how we make decisions and manage risk.

Influence 20

Influence Management Risk Management Strategy 20

Strategy Driven

NOVEMBER 2, 2018

It is important to teach business domestically and internationally that: We must understand how to use power and influence for positive change. We must learn to benefit from change management, not to become victims of it. It helps to manage relations with stakeholders. It is an ongoing dialog that companies have with themselves.

Ethics 51

Ethics Mission Statement Strategic Planning Benchmarking 51

Strategy Driven

AUGUST 3, 2018

Above that, Customer Focused Management needs to be implemented, meaning that all actions and decisions should be tied to customer outcomes. Where mid-managers buy the hype of the marketing slogans but stonewall the progress that would enable the company to live up to its claims. Honor the employees, who in turn honor the organization.

Company 51

Company Self-aware Creativity Marketing 51

Strategy Driven

JUNE 26, 2014

I suggest starting with a small group of executives/managers who know the work of the department or division. (If With the managers: Begin with listing the customers – the people who receive or use the output. Explain how you built the first draft of the map with the managers, and what its components are.

Process 58

Process Strategy BPM Metrics 58

Strategy Driven

AUGUST 5, 2016

This ladder holds true for managers and employees within the organization, as well as outside consultants brought in. When all succeed, then profitability is much higher and more sustained than under the Hard Nose management style. Managers and employees begin seeing themselves as leaders and grow steadily into those roles.

Leadership 50

Leadership Benchmarking Learning-by-Doing Ethics 50

Eric Jacobson

NOVEMBER 7, 2015

Clark and Jorge Pedraza, in their book, The New Leader's 100-Day Action Plan (third edition), recommend you do your assessment using the 5Cs : Customers : First line, customer chain, end users, influencers Collaborators : Suppliers, allies, government/community leaders Capabilities : Human, operational, financial, technical, key assets Competitors (..)

Organization 50

Organization SWOT How To Politics 50

Eric Jacobson

AUGUST 1, 2015

Clark and Jorge Pedraza, in their book, The New Leader's 100-Day Action Plan (third edition), recommend you do your assessment using the 5Cs : Customers : First line, customer chain, end users, influencers Collaborators : Suppliers, allies, government/community leaders Capabilities : Human, operational, financial, technical, key assets Competitors (..)

Organization 50

Organization SWOT How To Politics 50

Harvard Business Review

MAY 29, 2012

But how can the CEO influence far-flung staff to do the right thing consistently? The answer is found in a sound risk management program that trains, equips, monitors, measures and rewards people for avoiding mistakes and making good decisions. Then, you have to be visible and consistent in holding managers accountable.

Risk Management 10

Risk Management Insurance Incentives Retail 10

Harvard Business Review

DECEMBER 4, 2013

But managing network effects as technology byproducts is a bit like treating cars as extensions of internal combustion engines; technically accurate, yes, but missing the larger purposes and points. But the potential impact and influence of network effects goes far beyond unique selling propositions and user experience.

Management 8

Management Supply Chain CIO Core Competence 8

Harvard Business Review

JUNE 18, 2012

Risk management is critical for business decisions — but may not be healthy for making decisions about your career. In fact, if you want your career to take off, you may need to do the opposite of what risk managers try to do: Instead of focusing on how to reduce risks, you may need to embrace and enhance them.

Career 16

Career Risk Management Long-term Learning-by-Doing 16

Harvard Business Review

SEPTEMBER 24, 2012

Every day, senior managers are tasked with making very significant strategic decisions for their companies, which usually require support by teams of internal and external experts and a heavy dose of research. They do, however, open us up for biased risk/reward decision-making when applied to today's knowledge-based work.

Kahneman 15

Kahneman Risk Management How To Commitment 15

Harvard Business Review

SEPTEMBER 21, 2018

More recently, CARVER has converted a new community of believers in the business world, including CEOs, financial analysts, and risk management planners, not to mention any number of Fortune 500 security directors. (One of us, Luke, is so enthusiastic about CARVER that he cowrote a book on it.).

Tools 11

Tools Risk Management Budgeting SWOT 11

Strategy Driven

SEPTEMBER 2, 2016

I developed the concept of integrating Pop Culture Wisdom with management training and business planning over the last 40 years. There have been books on fundraising and some articles on volunteer management and the business aspects of running non-profit organizations. Pop culture influences of non-profit icons, events and campaigns.

Strategic Planning 51

Strategic Planning Planning Ethics Learning-by-Doing 51

Strategy Driven

DECEMBER 7, 2017

Digital innovation is everywhere, from Big Data to risk management software, and it’s all coming to change in the way that the sector is organised and run. You just finished reading How Digital Process Innovation Can Influence Organisational Change In The Finance Sector ! Demanding More From CFOs. Consider leaving a comment!

Finance 51

Finance Process Influence Innovation 51

Strategy Driven

APRIL 15, 2019

If you find out that it was your employee’s fault because they were under the influence of alcohol intoxication or drugs and they are trying to sue you, you have every right to take them to court. If this was the case, you should consider replacing the equipment and changing the products you use.

Letter 51

Letter Long-term Finance Report 51

Harvard Business Review

MAY 27, 2011

By parallel, managers themselves might similarly benefit from "reverse-engineering" the criticism of not only outsiders but of their own colleagues: considering both parties as their benefactors on the road to greater performance. Most PR firms only offer cosmetic remedies to firefight reputation threats as they arise. RSS Feed: [link].

Engineering 14

Engineering PR How To Reputation 14

The Horizons Tracker

NOVEMBER 30, 2021

There has been much research to highlight the competitive advantages human capital can provide to an organization, and so it stands to reason that much thought has been given to understanding the various factors that influence someone’s decision to depart their employer. Chicken and egg.

Human Capital 115

Human Capital Human Resources Competitive Advantage Loyalty 115

Strategy Driven

APRIL 14, 2018

Anywhere that can be infiltrated by outside influences has to be kept under a physical lock and key as well as a data lock and key. Financial documents should only be accessed by the proper finance teams at all times. Lock & Key. Server rooms in your business are going to be the very place that sensitive information is stored.

Tips 51

Tips Document System Information 51

Harvard Business Review

MARCH 22, 2018

My perspective and approach to misconduct risk are influenced by my work as a bank supervisor, and by my background and training as an economist. Principal-agent problems occur when the incentives of employees don’t align with the broader interests of management or shareholders. Principal-agent problems. Adverse selection.

Company 12

Company Banking Incentives Human Capital 12

Harvard Business Review

SEPTEMBER 21, 2018

In contrast, 70% of respondents think their boards have effective processes for staying current on the company; 69% for compliance; 66% for financial planning; and 55% for risk management — although we should note that managing risks is a crucial consideration when pursuing innovation.

Innovation 10

Innovation Short-term Telecommunications Long-term 10

Harvard Business Review

JULY 17, 2014

At that point they were given information that would influence whether to abort flying (unsafe) or not (safe). Decision making Risk management Strategy' Participants (non-commercial pilots) were instructed that they would be flying a plane that had reached the decision altitude.

Long-term 12

Long-term Risk Management Learning-by-Doing Participative 12

Harvard Business Review

AUGUST 24, 2017

Might this difference in education influence how CEOs behave when it comes to setting a course and trimming corporate sails? We were interested in how lawyer CEOs might influence firm decision making more broadly — and whether they differ from CEOs without a law degree.

CEO 8

CEO Accrual Accounting Pharmaceuticals Banking 8

Leading Blog

APRIL 5, 2019

We tend to see situations in one of two ways: either events are certain and can, therefore, be managed by planning, investment, and reliable budgets; or they are uncertain, and we cannot manage them. Bayes has even influenced the design of machine learning techniques, notably the naive Bayes classifier.

Uncertainty 308

Uncertainty Sports Credit Rating Learning-by-Doing 308

N2Growth Blog

JANUARY 13, 2011

Aside from being costly, a flawed execution can cast doubt on management credibility, have a negative impact on morale, taint the brand, adversely affect external relationships, and cause a variety of other problems for your business. All initiatives surrounding new ideas should include detailed risk management provisions.

Blog 384

Blog Innovation Strategic Planning Brand 384

N2Growth Blog

SEPTEMBER 22, 2010

I often observe ego centered conflicts among senior executives, which turn into a competition for turf, budget, power, influence, control, and ultimately survival. Where do you see “X&# account in > and what can we do to (improve customer satisfaction, increase influence with key stakeholders, increase the life-cycle value, etc.)?

Team Building 284

Team Building Blog Team CEO 284

Harvard Business Review

OCTOBER 13, 2011

Risk management processes don't — but they should. A better understanding of the drivers of behavior is needed for both banks and consumers to understand risk, and for the financial system to provide timely and targeted interventions. The challenge of better risk management cannot be achieved through regulation alone.

Banking 10

Banking Pharmaceuticals Microfinance Risk Management 10

Harvard Business Review

JUNE 17, 2013

Developing appropriate solutions requires understanding networks comprised of multitudes of heterogeneous layered subnetworks managed by organizations around the world, each with their own policies and incentives. Rather, they develop strategies for managing and coexisting with them in a way that minimizes damage to the overall system.

Game Theory 8

Game Theory Incentives Diversity System 8

Harvard Business Review

JANUARY 27, 2017

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.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8