Harvard Business Review

SEPTEMBER 11, 2017

Companies and government agencies often make the mistake of viewing innovation as a set of unconstrained activities with no discipline. In reality, for innovation to contribute to a company or government agency, it needs to be designed as a process from start to deployment. As the head of the U.S.

Process 14

Process Innovation Incubator Committee 14

HR Digest

JANUARY 6, 2022

It is also the only company in the finance industry to have bucked the trend of bringing gender parity in the boardroom. Today, women make up 27% of the Board and 37% of our Executive Committee at American Express. In 2020, American Express achieved the ambitious goal of 100% pay equity in the truest sense of the word.

Project 52

Project Globalization Diversity Learning-by-Doing 52

Ron Edmondson

NOVEMBER 2, 2017

They are constantly struggling with leadership issues, finances and simply knowing what to do next. Committees. Most of what I know now came from experience and the wisdom of others. Many of the suggestions I shared are suitable for young leaders in any field. Established churches have systems. Structure.

Committee 56

Committee Budgeting Finance Advice 56

Ron Edmondson

DECEMBER 9, 2014

As with most churches in need of revitalization, our finances had been struggling for several years. Thankfully we had good people in charges of our finances and they had held the church together through very difficult times. Church Revitalization Innovation Leadership Ministry' New expenditures.

Micromanagement 70

Micromanagement Long-term Finance Bureaucracy 70

Ron Edmondson

JULY 10, 2018

In my last church, some of our best leaders on our finance committee, for example, had never served in leadership in the church. These are sometimes “big asks”, but in my experience they won’t often get involved until they are asked. They were, however, tremendous leaders in their careers.

Committee 35

Committee Finance Examples Career 35

Ron Edmondson

APRIL 21, 2015

They are constantly struggling with leadership issues, finances and simply knowing what to do next. Committees. Church Church Planting Church Revitalization God Innovation Jesus Kingdom Leadership' Most of what I know now came from experience and the wisdom of others. Established churches have systems. Encouragement.

Committee 30

Committee Edmondson Budgeting Finance 30

Harvard Business Review

JULY 17, 2018

The Board Had No Finance Committee. GE’s board had another major structural defect: It lacked a finance committee. If the GE board had had a finance committee, the board might have done a better job of overseeing the design and funding of its retirement plans. The board has since transformed.

Committee 8

Committee Welch Finance Participative 8

Ron Edmondson

APRIL 30, 2019

As with most churches in need of revitalization, our finances had been struggling for several years. Thankfully, we had good people in charge of our finances and they had held the church together through very difficult times. We had done remarkably well financially (again thanks to tremendous finance committee and staff efforts).

Micromanagement 40

Micromanagement Long-term Finance Energy 40

Ron Edmondson

AUGUST 28, 2016

As with most churches in need of revitalization, our finances had been struggling for several years. Thankfully we had good people in charges of our finances and they had held the church together through very difficult times. We have done remarkably well financially (again thanks to tremendous finance committee and staff efforts).

Micromanagement 56

Micromanagement Long-term Finance Energy 56

Chartered Management Institute

NOVEMBER 15, 2023

Other key events we hosted included an in-person networking event with the HKU SPACE GMBA students and alumni, and four webinars on different topics: “Future Leadership in the Fourth Industrial Revolution”, “Deep Dives into STEM and Finance” as well as “Skills for New Employment Landscape” with the UNESCO HK Glocal Peace Centre.

Webinar 98

Webinar Education Conference Industry 98

Harvard Business Review

MARCH 31, 2015

These stock buybacks have come under criticism as a bad investment – the argument being that companies sitting on record amounts of cash ought to invest in innovation, salaries, or at least dividends, rather than pumping up their own stock price through buybacks. National competitiveness Finance & Accounting Research & development'

Innovation 8

Innovation Short-term Long-term Budgeting 8

Harvard Business Review

MARCH 7, 2017

As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR. Uber apparently lacked oversight about sexual harassment behavior; it seems far less likely that such oversight would be lacking when it comes to finance.

Compliance 12

Compliance Hedge Human Capital Finance 12

Harvard Business Review

OCTOBER 22, 2015

One of the team’s central findings is that TDABC cannot be delegated to the finance function. The clinic created a high-level steering committee to oversee all its costing and value-improvement projects. Establishing this committee signaled that implementing value-based health-care delivery was an institutional priority.

Mayo 8

Mayo Health Care Committee Project 8

Harvard Business Review

JULY 19, 2016

Put simply, public companies and investment institutions are two of the great social innovations of the last two hundred years. As one wag put it, “it is a bit like giving Vladimir Putin a vote on the Senate Armed Services Committee.” Without them, it is difficult to imagine a functioning modern economy.

Company 8

Company Offshoring Finance Committee 8

Harvard Business Review

MAY 15, 2015

Would you hire a surgeon who wasn’t trained in medicine or delegate a major financial investment decision to someone who hadn’t studied finance? Over the past few months, I’ve had many small-group meetings with the nominating committee chairs of some of the largest companies in the world. Of course not.

Succession 8

Succession Human Capital McKinsey Committee 8

Harvard Business Review

MAY 26, 2014

The traditional advice, from Clayton Christensen’s work on disruptive innovations and Michael Tushman’s on organizational ambidexterity , is to set up the new activity as a separate unit, reporting to a manager at the corporate headquarters who can sponsor the new activity and help to integrate it with the rest of the company. Strategy'

Mass Marketing 9

Mass Marketing Brand Disruptive Innovation Advice 9

Harvard Business Review

APRIL 17, 2012

As such, we blame them for slowing things down, lowering morale, and choking off innovation. But at that point, a vice president of finance (who had not been in the meetings) expressed some concerns and sent the team back to the drawing board.

Committee 15

Committee Finance Construction Morale 15

Harvard Business Review

JUNE 9, 2017

How the most innovative providers are creating value. Equally troublesome, almost all policies focus exclusively on payments and finances but ignore the powerful influence of careerism and other non-financial motives that may compromise objectivity far more than financial incentives. Insight Center. The Leading Edge of Health Care.

Conflict of Interest 10

Conflict of Interest Pharmaceuticals Policies Industry 10

Harvard Business Review

MAY 25, 2015

So she decided to become an entrepreneur, and started a baking business that is financing her trip to Korea — one $5 loaf of hot, homemade bread, and $12 fresh-out-of-the-oven pan of cinnamon rolls at a time. The need to be different is forcing them to innovate and diversify in ways that previous generations never did.

Entrepreneur 8

Entrepreneur Rogers Committee Technology 8

Harvard Business Review

JANUARY 27, 2017

The bad news: Petabytes of new data and algorithmic innovation assure that “autonomy creep” will relentlessly challenge human oversight from within. But only the human oversight committee approves what gets “autonomized” and how it is implemented. These distinct approaches enjoy demonstrable real-world success.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8

Harvard Business Review

MAY 23, 2017

How the most innovative providers are creating value. The advanced care model offers an innovative solution that benefits all stakeholders — patients, families, providers, and payers — by informing and engaging seriously ill patients directly in making decisions about their care. Insight Center. Sponsored by Optum.

Health Care 9

Health Care Sharpe Document Cost 9

Harvard Business Review

FEBRUARY 8, 2013

Business units come and go, but finance, HR, IT, marketing, legal, and R&D are forever. It has sophisticated functions that together manage user-generated content, the in-depth tracking of consumer buying behavior, and the innovation of new features based on the resulting insights. Permanent cross-functional teams tend to fare better.

Supply Chain 9

Supply Chain Real Estate Short-term Merchandising 9

Harvard Business Review

SEPTEMBER 21, 2015

We see business as an important force in addressing parts of the commons that drive the economy, particularly in areas such as workforce skills, infrastructure, supplier networks, and ecosystems of entrepreneurship and innovation. Many of these innovative funding models fall under the larger “impact investing” movement.

Resources 8

Resources Company Rivkin Short-term 8

Harvard Business Review

FEBRUARY 2, 2016

You’ll often find customer relationship management within marketing, budgeting within finance, supply-chain management within operations, outsourcing within procurement, training within HR, and new product development within R&D. Business units come and go, but finance, HR, marketing, IT, legal, and R&D seem to last forever.

Development 8

Development Supply Chain Incentives Outsourcing 8

Harvard Business Review

DECEMBER 12, 2016

Through regular interaction with our global network of value innovators, we at the International Consortium for Health Outcomes Measurement ( ICHOM ) have developed a 10-step implementation “blueprint” that any provider can follow. Innovating for Value in Health Care. Set Up a Steering Committee and Project Team.

Health Care 8

Health Care Committee Compliance Follow-up 8

Harvard Business Review

SEPTEMBER 20, 2012

In new or young high-growth industries where barriers to entry are low, innovation rates are high, demand is very hard to predict, and the relative positions of competitors are in flux, a company can often radically shift the course of industry development through some innovative move.

Strategy 8

Strategy Organization Committee Environment 8

Harvard Business Review

OCTOBER 9, 2014

A very different result may be possible, however, as more states and localities authorize the construction of roads that are privately owned and financed, or even sell off existing roads and other infrastructure in order to relieve their own budgetary pressures. The regressive nature of the charges only complicates the politics.

Politics 8

Politics Health Care Budgeting Insurance 8

Harvard Business Review

APRIL 24, 2017

It might also include political capital that arises from membership of or strong ties to a high status group such as the finance committee, a special task force, or the senior management team. Such groups can also revitalize innovation and change.

Politics 14

Politics Bureaucracy Long-term Short-term 14

Women on Business

JANUARY 24, 2011

If you have more time, contribute to an association committee. Connect as many strengths and resources as possible, for innovation lives in fresh combinations. The only way to work networking in is to schedule attendance to an event and go. This leads to furthering your credentials and friendships.

Press Release 100

Press Release Discount Advertising Sharpe 100

Harvard Business Review

APRIL 18, 2012

But the founders' passionate advocacy of the need to follow a "long-term, innovative approach" resonated with me. Given my sympathy for the "long-term, innovative approach" elucidated by Google in 2004, why am I so opposed to its plan to issue non-voting stock? to give long-term shareholders greater voting power?

Planning 13

Planning IPO Proposal Class 13

Harvard Business Review

DECEMBER 6, 2010

Today, the guild mentality persists within companies, where functions such as marketing, sales, finance, IT, human resources and R&D all have their own area of special expertise. If the products are hits, that's even better; because it "owns the shelf," there's a direct link back to innovation and marketing.

Operations 15

Operations Competitive Advantage Supply Chain Retail 15

Harvard Business Review

DECEMBER 17, 2015

Medicine is fraught with anachronistic administrative structures, as well as competing and redundant decision-making processes involving many stakeholders (the hospital, doctors, nurses, compliance, finance, and others) who often work in silos and have differing goals. Sponsored by Optum. Our total cost of care per patient is down 18%.

Health Care 8

Health Care Diversity Proposal Document 8

Harvard Business Review

APRIL 2, 2014

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. And Lars has taken some of these ideas and applied them in finance.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

OCTOBER 28, 2014

Concerns that it wouldn’t have enough cash to finance its holiday stock has apparently led to the company to sell real estate, spin off its Lands’ End brand, and raise $625 million in unsecured loans and equity warrants. But then “Sears found the answer first,” Worthy reports, in 1924.

Retail 9

Retail Quinn Real Estate Apparel 9

Marshall Goldsmith

FEBRUARY 8, 2018

Co-founder of Rose Park Advisors—Disruptive Innovation Fund. A leading thinker on strategy and breakthrough innovation. Formerly a leader in the automotive, retail, restaurant, media innovation and consulting industries. Darek Lenart – Senior VP HR, Finance MasterCard. Leading innovator in HR for over 25 years.

Executive Coaching 70

Executive Coaching CEO Banking Magazine 70

N2Growth Blog

MAY 17, 2010

Before I go any further, today’s rant should not be construed as a call for elitism, but rather a call for authenticity, innovation and professionalism. As leadership advisors and coaches we counsel our clients on the need for change and innovation, but have we become the proverbial shoe maker without shoes?

Blog 333

Blog Leadership Consultative Follow-up 333

Harvard Business Review

AUGUST 31, 2017

The closet in Mark’s bedroom offers a glimpse into his three-decade career in finance. Yet research suggests that workplaces where creativity and innovation are at a premium nurture and encourage people’s authentic differences. They also represent varying degrees of fabulousness, from subtle to full-on. ” Olu.

Fashion 12

Fashion Participative Class Creativity 12