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In the legal industry, leadership isn’t just about managing the status quo—it’s about driving change, shaping strategy, and guiding firms through an increasingly complex landscape. They’re adept at managing change, inspiring teams, and steering the organization through uncertain times with clarity and conviction. As David B.
The new work contract – where employees take responsibility for their own careers and corporations provide them with career-enhancing but impermanent opportunities – can be as difficult for organizations to manage as it is for individuals. We must manage our human assets with the same rigor we devote to our financial assets.
Despite the media coverage of Boomers and how a tidal wave of retirements could impact business, many senior managers are kicking the can down the road, putting off the job of creating a system and process for capturing knowledge. Manager can avoid this by taking some steps now to prepare for the day when key workers leave.
Three-quarters of the world's CEOs say more emphasis should be placed on measuring the value of non-financial assets such as intellectualcapital and customer relationships. This was the headline finding of a recent study (PDF) by the American Institute of CPAs and the Chartered Institute of Management Accountants.
As global companies focus their strategies on developed and emerging markets, they require substantial cadres of leaders capable of operating effectively anywhere in the world. economy, expands America's global trade, and attracts foreign companies to base operations in the U.S.
Manufacturers invest most of their capital into physical assets, while high-tech firms invest in R&D to create new intellectualcapital. These assets are typically overlooked, undervalued, and under-managed. But all assets are not created equal, especially as the technological landscape changes.
Since at least the 1980s (the era of deregulation, that is, over which Alfred Kahn presided) managers of big companies have been upbraided for their intolerance to risk. Perhaps not surprisingly, managers of mega corporations remain largely unsold on that notion. Certainly, that's a fair accusation.
Services, strengthened by the acquisition of EDS several years ago, are both a blessing and a curse: While EDS has many lucrative deals, it also has time-intensive and costly outsourcing deals to manage. It could also include sophisticated software based on the WebOS (the operating system HP leveraged from the Palm acquisition).
Prahalad and I urged managers to think in a different way about the building blocks of competitive success. Managers assess performance. To find a cure, we will have to reinvent the architecture and ideology of modern management — two topics that aren’t often discussed in boardrooms or business schools. Tasks are assigned.
Prahalad and I urged managers to think in a different way about the building blocks of competitive success. Managers assess performance. To find a cure, we will have to reinvent the architecture and ideology of modern management — two topics that aren’t often discussed in boardrooms or business schools. Tasks are assigned.
But our 14 million workers, thanks to the machines they operate and the smart, disciplined way in which they work, produce about the same amount of stuff, measured in dollar terms, as China’s 100-plus million factory workers, according to a 2009 study by the BLS. This may all change as China innovates and grows. Far from it.
Retailers like Walmart and Macy’s manage a supply chain, buying and reselling their own inventory. Let’s see what happens when we connect them rather than manage them — that is, focus on the links rather than the nodes. Human capital. We normally think of people as something to be managed.
For slaughterhouses and retailers (Brazilian operations), we also projected positive benefits: $20 million to $120 million (0.01% to 0.1% These and other benefits translate into better cost management, agricultural innovation, and increased land productivity and quality. of revenues) and $13 million to $62 million (0.01% to 0.7%
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