The Idolbuster

JANUARY 16, 2013

It was a routine launch review for a small product, and I had nudged up the numbers since the previous checkpoint due to favorable market conditions. I got a surprising amount of pushback from the executive review committee, but I confidently defended the numbers, citing “changing market conditions.”

Committee 45

Committee Finance Review Environment 45

HR Digest

OCTOBER 17, 2020

According to a recent survey in USA Today, Americans are far more worried about their finances than their health amid the COVID-19 outbreak. Household income and savings are ultra-low in most global markets. Remuneration and Compensation Committees. We suggest: Assess how to set rewards in a depressed stock market.

Short-term 59

Short-term Committee Incentives Long-term 59

HR Digest

OCTOBER 17, 2020

According to a recent survey in USA Today, Americans are far more worried about their finances than their health amid the COVID-19 outbreak. Household income and savings are ultra-low in most global markets. Remuneration and Compensation Committees. We suggest: Assess how to set rewards in a depressed stock market.

Short-term 52

Short-term Committee Incentives Long-term 52

Strategy Driven

JULY 6, 2015

I started in the insurance business in 1993 as a fresh graduate from East Carolina with a finance degree. It was about six months after my joining and he said, "just stick it out, get involved, get on some committees, and see what happens after a year. Served on committees welcoming new members and meeting other small business owners.

Insurance 50

Insurance Committee Customer Loyalty Competitive Advantage 50

Women on Business

JANUARY 24, 2011

Evaluate organizations online: their mission, major products/markets, history, and biographies of key participants. If you have more time, contribute to an association committee. Base marketing initiatives on shared values and multiple-agendas. These three are then best assisted by feedback from other professionals.

Press Release 100

Press Release Discount Advertising Sharpe 100

HR Digest

NOVEMBER 9, 2023

Establish Benchmarks Make it a point to define industry and market benchmarks to compare your organization’s compensation practices. If our equitable compensation program guide is to be trusted, you need to identify relevant external benchmarks to understand prevailing salary ranges for similar roles in the market.

System 52

System How To Benchmarking Diversity 52

Harvard Business Review

JUNE 19, 2012

The committee organizing the London 2012 Olympic Games faced an extraordinary business challenge: How to price 8 million tickets in a way that allows equitable access to 26 sporting events, meets revenue and attendance targets, and adheres to the explicit social objective of making the Olympiad "Everybody's Games.". Be proactive.

Price 16

Price Committee Sports Transportation 16

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 18

Compliance Hedge Human Capital Finance 18

Harvard Business Review

FEBRUARY 16, 2011

So what can board members — specifically audit committee members — do about this problem? But if it's doing a lot of similar things near the end of a reporting period then the audit committee should know why. How do market analysts rate the reporting? What material items could be presented differently?

Company 15

Company Committee Report Analysis 15

Harvard Business Review

SEPTEMBER 11, 2017

And they count on well-intentioned, smart people sitting in a committee to decide which ideas are worth pursuing. Instead of having a committee vet ideas, they need a process that operates with speed and urgency , and that helps innovators and other stakeholders to curate and prioritize problems, ideas, and technologies.

Process 17

Process Innovation Incubator Committee 17

Harvard Business Review

APRIL 17, 2012

In the financial services example, after many weeks of discussion, the relationship team and the product managers had seemingly reached an agreement about how to go to market together. 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 16

Committee Finance Construction Morale 16

Harvard Business Review

DECEMBER 6, 2010

Craftsmen allied themselves to essentially create firewalls around their primary competitive offering in the market. 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.

Operations 15

Operations Competitive Advantage Supply Chain Retail 15

Harvard Business Review

OCTOBER 14, 2013

This of course is what the Nobel committee has done with this year’s economics award , with the added Hegelian twist of giving another third of the prize to a guy who came out somewhere in between. The way to test this, Fama said, was in conjunction with a theory of “market equilibrium under uncertainty.” Thesis (Gene Fama)!

CAPM 10

CAPM Finance Price Uncertainty 10

Harvard Business Review

AUGUST 11, 2011

I should disclose here that John Chambers, the chairman of S&P's sovereign ratings committee, is a social acquaintance. Having high ratings from S&P, Moody's, and Fisk thus means a bigger market and lower prices for your debt. And S&P's ratings downgrade of the U.S., And clearly, some regulatory judgment (horrors!)

Credit Rating 15

Credit Rating Bond Price Advice 15

Harvard Business Review

MAY 26, 2014

How much time should the corporate executive committee spend on this new activity? Should the new activity have a separate stock market listing or separate funding? Mass-market brand-behemoth Unilever applied a creative solution to the problem of subtracted value when it acquired the up-market brand Elizabeth Arden.

Mass Marketing 13

Mass Marketing Brand Disruptive Innovation Advice 13

Harvard Business Review

JUNE 13, 2012

Jeff Skilling, as a condition of his employment at Enron, insisted the company adopt mark-to-market accounting. Critics have pointed out that the risk committee of JP Morgan's board consists of three directors with no significant banking or risk experience. Of course the right people have to be setting the rules.

Management 16

Management Banking Committee Risk Management 16

Harvard Business Review

JUNE 13, 2012

At a meeting on April 8, Drew assured Dimon and the operating committee of JPMorgan that the trades were being well managed and would work out. As the second week of May began, Dimon realized, "The last thing I told the market — that it was a tempest in a teapot — was dead wrong," the Journal reports.

Banking 14

Banking Kahneman Document Simon 14

Harvard Business Review

FEBRUARY 8, 2013

Business units come and go, but finance, HR, IT, marketing, legal, and R&D are forever. Similarly, Amazon doesn't succeed because its people apply broad marketing expertise. In their view, functional priorities are all too often in conflict with — or not fully supportive of — the strategic needs of the business.

Supply Chain 11

Supply Chain Real Estate Short-term Merchandising 11

Harvard Business Review

SEPTEMBER 20, 2012

Companies that correctly match their strategy-making processes to the competitive circumstances of their industry, business function, or geographic markets perform better than those that don't. By 2000, UPS's multibillion-dollar bet had paid off: The company had snapped up a whopping 60% of the e-commerce delivery market.

Strategy 10

Strategy Organization Committee Environment 10

Harvard Business Review

MAY 31, 2012

Such determination is subject to ratification by (and for an award to the CEO would be made by) the [Board's] Compensation & Management Development Committee. This is reflected in the drop in stock price from an April high of about $45 to about $35 in late May (a market cap decline of more than $35 billion).

CIO 12

CIO Committee Risk Management Banking 12

Harvard Business Review

MAY 20, 2016

More than 25 years ago, William Sahlman wrote the HBR article “Why Sane People Shouldn’t Serve on Public Boards,” in which he compared serving on a board to driving without a seatbelt, that it was just too risky—to their time, reputations, and finances—for too little reward. increased by over $300,000.

Execution 13

Execution P&L CEO COO 13

Harvard Business Review

JUNE 23, 2017

Over 50% of marketing and IT prefer a salesperson who will listen and match a solution to solve their specific needs. 2: It’s Really a Committee of One. In practicality, it can be said that a salesperson doesn’t have to win over the entire selection committee, only the individual who dominates it. #3:

Price 9

Price Health Care Committee Fashion 9

Harvard Business Review

OCTOBER 1, 2013

Some people I interviewed said that some talented managing directors now decline joining operating or risk management committees or being designated as “Material Risk Takers” because of the accompanying liability and restrictions on their ability to sell stock. Compensation Finance Organizational culture'

Banking 13

Banking Risk Management Constraint Finance 13

Harvard Business Review

MAY 15, 2014

The report describes the company’s governance response and changed compliance framework — from holding 20 audit committee meetings in 2014, to substantial organizational restructuring, to enhanced education and training. The Audit Committee on behalf of the board sets key compliance objectives for the next calendar year.

Compliance 8

Compliance Committee Globalization CEO 8

Harvard Business Review

DECEMBER 19, 2013

Still, even Eichengreen thought the policy shift was too inconsequential to justify the market reaction. But in Martin’s day, the Federal Open Market Committee was able to make its monetary policy decisions in relative obscurity. Financial markets on the whole played a much smaller role in the economy.

Bond 8

Bond Policies Long-term Short-term 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. When the Riksbank Prizes in Economic Sciences (a.k.a. It goes back to the 1970s.

CAPM 9

CAPM Discount Price Finance 9

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

OCTOBER 20, 2016

Meanwhile the Institute of International Finance forecasted net capital flows for emerging markets in 2015 would be negative for the first time since 1988. government’s Committee for Foreign Investment blocked a $3.3 All of which require a deft handling of intercultural sensitivities. This year, for example, the U.S.

Globalization 8

Globalization Banking Policies Politics 8

Harvard Business Review

JULY 20, 2015

This advice, adapted from the book Finance Basics , will help you better understand how to create a useful budget. How much more would you have to spend on sales or marketing to achieve this increase? Do you plan to enter new markets, target new customers, or use new sales strategies? Finance Basics (20-Minute Manager Series).

Budgeting 8

Budgeting Finance Cost Price 8

Harvard Business Review

AUGUST 15, 2013

Boards should require that CEO candidates demonstrate not just knowledge of finance and marketing but also a technology aptitude. The compensation committee should push for clearer links between pay and performance for IT-related activity (which ultimately is nearly everything most firms do). Accountability.

CEO 10

CEO CIO Technology CFO 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 abysmal job market for teens is forcing many of them to think differently about work.

Entrepreneur 8

Entrepreneur Rogers Committee Technology 8

Harvard Business Review

OCTOBER 15, 2014

In the “ Scientific Background ” essay on Tirole’s work provided by the Nobel committee, the focus is on Tirole’s work on industry structure, which has had a big impact on antitrust and other regulation, especially in Europe. Then, in 2006, came The Theory of Corporate Finance — not a field Tirole had really been known for. Since when?

Strategy 8

Strategy Rivkin Game Theory Porter 8

Harvard Business Review

DECEMBER 4, 2017

This makes sense, because the alternative is for behavioral insights to be tried out by individuals or specific departments, and their knowledge and skill are likely to vary: Someone in marketing might use their behavioral knowledge to develop more-effective campaigns, while at the same time someone in HR uses theirs to focus on employee engagement.

Company 9

Company Committee Ethics Project 9

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. Worthy pointed out in the book, The Shaping an American Institution: Robert E.

Retail 11

Retail Quinn Real Estate Apparel 11

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. The functional model of organization dates back to the 1850s. Strategy That Works. Add to Cart.

Development 8

Development Supply Chain Incentives Outsourcing 8

Harvard Business Review

APRIL 28, 2015

Note that this inclusive process is not decision-making by committee or by consensus. Consider the story of Bud Frankel, the founder of Frankel , a firm that created the marketing services industry (where both of us eventually worked) that gained a national reputation and attracted clients across both the consumer and healthcare areas.

Open-book 8

Open-book Career Rogers PR 8

Harvard Business Review

JANUARY 27, 2017

Even better, they would respond 10 times faster to market moves than existing processes while requiring minimal human intervention. But only the human oversight committee approves what gets “autonomized” and how it is implemented. Top management would have to trust its computationally brilliant bidding software.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8