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My favorite: HR as a costcenter. My favorite: HR as a costcenter. While some may contain elements of truth, most are overblown based on perceptions of HR that date back to its "Personnel" days. Art puts a few of these top myths about HR to rest.
If business unit heads are bought into the importance of working with startups, then it’s much more likely to integrate their technology into the workflow of their unit. Ensure there is an independent costcenter. Firstly, the interviews revealed how important it was to have buy-in from across the business.
If business unit heads are bought into the importance of working with startups, then it’s much more likely to integrate their technology into the workflow of their unit. Ensure there is an independent costcenter. Firstly, the interviews revealed how important it was to have buy-in from across the business.
There is seldom a sector or field that is not undergoing some form of transformation at the moment, many at the behest of a tidal wave of digital technologies that are upending the traditional way of doing things. A helping hand. For instance, a recent study from Washington University in St.
Recently I’ve been having a very hard time talking to students, executives, and business leaders about information technology. In too many companies, IT leaders, relegated to their costcenters, are subordinate to other C-level executives. With the cloud, business units can take responsibility for their own technology.
Lines of business are now getting their own official technology budgets for non-standard software products. CEOs remain reluctant to invite CIOs to the executive table, insisting that IT is a costcenter, not the innovation incubator it could be. Shadow IT has been freshly-labeled "departmental IT.".
Theories and practices of management often spring from the opportunities created by new technologies. Client-server technology begat enterprise resource planning systems, and the consequent system-wide visibility that was required for what we call business process management (BPM). How it effects product design and customer experience.
It helps students see that Kodak did not understand or invest in the digital technologies that were to sweep away its business, a failure usually attributed to incumbent executive myopia. IT was viewed as noncore, a cost to be outsourced like janitorial services and security. So it had no voice.
Carr predicted that an organization''s ability to compete through investing in information technology was about to change dramatically. The IT boom of the 1980s and early ''90s had brought information technology to the corporate masses, unleashing the first full-scale technology revolution in the enterprise. Why is this?
For the past several years we have watched with increasing dismay at the increasing chasm between information technology (IT) groups and their business counterparts. Further, the pace of technological change and the demands to do more with the data grow exponentially and will continue to do so for the foreseeable future.
We call these people CostCenter Consumers, and they come in two flavors. Divas: These are high maintenance consumers who drive costs up after purchase. They tie up your call centers, incur costly returns, and generate other costs that occur below the gross margin line, which is harder to see.
Who at your company will be put in charge of turning buildings operations from a costcenter to a revenue center? And of course, few such managers have a background in information technology. Information & technology' These examples are not hypothetical capabilities; these are now real options for companies.
Running an IT department is hard enough under any circumstances, but imagine doing it at one of the world''s preeminent technology companies. Your customers aren''t haplessly trying to set up their voicemail; they''re experts in technology and expect it to work. An edited version of our conversation is below.
As marketing continues to shift and improve, we’ve come to rely on IT to provide expertise on current technology and, perhaps more importantly, to provide a road map that shows where technology will lead, where integration is critical, and how to make the best use of increasingly sophisticated tools.
Who at your company will be put in charge of turning buildings operations from a costcenter to a revenue center? And of course, few such managers have a background in information technology. These examples are not hypothetical capabilities; these are now real options for companies. New Sources of Revenue.
This year, the Department of Energy, through its National Renewable Energy Laboratory, found that more than one hundred information and communication technology companies that consume an estimated 1.5% Here’s why now is the time right to invest in renewable energy sources for the internet: Renewable energy can help reduce a costcenter.
Without the breathing room to invest in new equipment and technologies, smaller manufacturers may be up to 40% less productive than large companies—a gap so sizable that it drags down the entire sector’s performance. manufacturers do source from domestic suppliers, they tend to regard them purely as a costcenter.
Companies looking to exploit the branding potential unlocked by core digital technologies need to make the shift in their engagement with customers — from purchase to usage. Usage brands, by contrast, elevate customer service and loyalty from resource-starved cost-centers to key drivers of growth and profitability.
Over the last decade, most companies’ digital agendas have focused largely on technology — moving to cloud-based software, modernizing IT infrastructures, adding digital channels, and digitizing business processes. The reason for these new roles is that we’re entering a new era of digital transformation.
On the other hand, they are set up as costcenters and service bureaus, mandated to meet the needs of all their constituents as rapidly as possible under the ceiling of their budget. The most important capabilities systems do not fall neatly into groupings designed many decades ago.
One of the most popular misconceptions about security is that it’s destined to be a costcenter and it survives on executive generosity (or paranoia). Having the necessary protections is one thing, but implementing them in such a way that people want to use your product even more is also important to business leaders.
Bosch firmly believes that research is not an end in itself – a never-ending race to develop new technologies – but rather something that makes a tangible contribution to improving the quality of people’s lives. That belief is reflected in the words “Invented for life,” which is not only our claim but our strategic imperative.
Keeping the apparel theme, um, running, check out Nike's new shoe with FlyKnit technology. Announcements on waste may not be exciting, but they demonstrate how companies can turn a costcenter into a source of profit. Remanufacturing has been around a long time, but closing loops is getting more popular every year.
The health care system in the United States, with its technological prowess and massive infrastructure, often serves as a reference point for rapidly developing economies around the world while they build their own medical systems. One major reason for the rapid cost inflation in health care is burgeoning hospital construction.
HR is an enigmatic profession, as the authors write, “the sad reality is—even in today’s enlightened age of recognizing the value of people to the business—too many top executives still view HR as a non-strategic costcenter instead of a core, profit-contributing function.”
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