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It fosters innovation and nurtures talent. Don’t let the past, your management, or your fears censor you. If there is Capex involved, engage early enough the person who will cut the check. He is passionate about innovation, brand management, brand communication, and international business. Build diverse teams.
Prioritize workforce management – Skills has been a constant in most discussions around AI and automation, and there is a broad consensus now that companies need new skills to get the best out of these new technologies. Internalize the costs of automation (and their benefits) – With a particular focus on the total cost of ownership (TCO).
Many innovative customer-service solutions like these are simple and inexpensive, and they have high payback. A scorecard that links financials with learning initiatives and other operations would serve as a cross-check for managers. After a recent credit-card mixup, Apple responded immediately to my email and solved my problem.
IT is not something that can be managed from a box on the organizational chart. It may make costs more predictable and shift investments from CapEx to OpEx. IT management Information & technology' Unfortunately, this is not the view in most C-suites. They never have! It may even lead to access to leading-edge technologies.
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.
Savor of Temple found that firms led by single CEOs engage in much more aggressive investment behavior, in terms of capex, innovation activity, R&D, and acquisitions, than companies led by married chief executives. The same kinds of dynamics probably play out among lower-level managers too, Roussanov says in this Wharton video.
During a long and illustrious career that is far from over (you can read all about one of his most recent ventures — building the most direct fiber-optic connection between Chicago and New York – in Chapter One of Michael Lewis’s new book ), Barksdale has become a big believer in the value of the folksy aphorism as management tool.
His bottom line: “For a manager running a nonfinancial business, the proposed reforms to Dodd-Frank are probably a bad trade-off.” And not very much capex , not very much innovation. For more on what the law does, go here. ” We spoke for a while, so I condensed his comments into several major themes.
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