Remove Innovation Remove Management Remove Metrics Remove Restructuring
article thumbnail

Changing The Talent Equation: From Expense to Asset

Rich Gee Group

In business, the adage "penny wise and pound foolish" often describes a short-sighted approach to cost management that undermines long-term success. This reluctance stifles innovation and prevents the workforce from acquiring new skills essential for adapting to market changes.

article thumbnail

We Can’t Study Short-Termism Without the Right Metrics

Harvard Business Review

However, firms can efficiently increase margin growth without much revenue growth by managing to squeeze out their fixed costs to service the same level of output. I have worked on research that has found that a strong company culture is associated with lower levels of myopic decision making, better productivity, and innovation.

EPS 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Leadership Is Not an Optional Part of Being a CEO

Harvard Business Review

” In other words, they practice an entirely new model of management. Our research, which we call the “digital DNA,” identified 23 new management practices CEOs should consider, focusing on empowerment, experimentation, collaboration, data, and speed. And their CEOs are leading the charge.

CEO 8
article thumbnail

When It Pays to Collaborate with Competitors at Work

Harvard Business Review

Managers in an up-or-out organization are expected to advance. It’s why companies like Colorcon and Deloitte are giving their performance management systems an overhaul. Doug embraced this idea and, in turn, explained how his company was using metrics and working group meetings to compel tangible advances in each inspection area.

article thumbnail

Private Equity’s New Phase

Harvard Business Review

The types of private equity firms and the approaches to managing these firms has evolved over the last 40 years through three general phases. These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. Large private equity firms (e.g.,

LBO 8
article thumbnail

Are You Fighting the Future or Adapting To It?

Harvard Business Review

In fact, the company has about 500 metrics that it tracks every day, the majority of them relating to the customer experience. It tracks all those metrics. When Sir Christopher Gent headed Vodafone in the 1990s, for example, he brought his management team and board together every year to ask what business the company was in.

article thumbnail

5 Questions That Will Help You Stay Ahead of Your Disruptors

Harvard Business Review

Aggravated and depressed by the decline of their core memory business in the 1980s, Intel’s top management struggled for strategic clarity. They see disrupted incumbents from retail, finance, health care, transportation, professional services, and manufacturing requiring radical restructuring of assets, productivity , and innovation.

Levitt 8