Strategy Driven

NOVEMBER 10, 2021

They’re prescriptions for the way things might operate in an ideal world. Strategy is about the “how.” A policy may have an implementation strategy behind it. Policies address the “what.” How do you move toward a desired end, despite limited means and huge obstacles?

Strategy 120

Strategy Freedman Policies Constraint 120

HR Digest

AUGUST 7, 2024

Image: Pexels Learning More about Dell’s Job Cuts—The Details Are Slim Information about the Dell job cuts came to light after employees at the company received a memo from Bill Scannell, president of global sales and customer operations, and John Byrne, president of Dell Tech Select.

Restructuring 52

Restructuring Planning Team Resources 52

Change Starts Here

APRIL 24, 2012

The methods in this change guide have been used successfully by people in roles as diverse as human resources, organization development, project management, process improvement, IT, strategy management, sustainability and operations. What is included?

Webinar 78

Webinar Price Resistance Workshop 78

The Practical Leader

MAY 29, 2024

Operational teams that work in the business or process to produce, serve, or support, and 2. High-performing operational teams are a hybrid of both types. Yield of Teams: Deciding How to Decide Besides clarifying a team’s purpose and role, a vital leadership decision is how it will operate.

Team 52

Team Teamwork Venture Capitalist Goleman 52

Chartered Management Institute

APRIL 19, 2023

As a result, a more sustainable, ethical operational approach is now just good business sense; minimising the risks of climate change to the business, meeting stakeholder and investor needs, and increasing consumer appeal. The leaders in this space are not all giants, but all have integrated sustainability-led thinking from the top down.

Company 52

Company Tips Ethics Article 52

Harvard Business Review

NOVEMBER 19, 2012

Everyone thinks they have a digital strategy these days. But while your company may have a business or IT strategy that incorporates digital technology, an IT strategy does not equal a digital strategy. Because most IT strategies treat technology in isolation. That is the essence of a digital strategy.

IT Strategy 13

IT Strategy Strategy Class Offshoring 13

Harvard Business Review

AUGUST 23, 2023

How one 200-year-old regional bank in the U.S. used intrapreneurship to compete with online lenders.

Banking 19

Banking IT Strategy Strategy Supply Chain 19

Harvard Business Review

MARCH 21, 2017

Now, in some cases, it can often lower prices than Amazon because Jet.com’s operating model doesn’t rely on holding inventory. In its announcements and ads about the new free shipping service, product prices have not been mentioned. Walmart has held a low-price leadership position from its start.

IT Strategy 16

IT Strategy Strategy Core Competence Price 16

The Horizons Tracker

OCTOBER 20, 2019

The study explores the Chinese market after the country’s Ministry of Justice made online legal services a key part of its strategy. The study reveals that there are around 100 online platforms operating in the country for lawyers and other legal professionals to offer their services.

Budgeting 40

Budgeting Participative Marketing Operations 40

Strategy Driven

JANUARY 24, 2011

Plus, as a result of a lack of cross-organizational coordination and cooperation, Nokia wasn’t able to improve its proprietary operating system, Symbian, which would have allowed it to support a more sophisticated smartphone. Many innovative ideas became the victims of in-fighting among managers who had competing objectives.

Execution 67

Execution Company 360-Degree Feedback Cooper 67

Harvard Business Review

JUNE 10, 2015

Therefore, the ability to manage operation and the capacity to inspire employees is no longer enough. Starting his career as a trainee at 7-11, he worked his way quickly through the ranks, gaining a reputation for operational excellence. To do that, he would need to integrate operations at a scale no one had thought possible.

IT Strategy 8

IT Strategy Strategy Operations Resistance 8

Harvard Business Review

MARCH 13, 2017

Companies wind up in trouble and squander the time, talent, and energy of their workforce when they lose focus, spend money on things that don’t make a difference to employees or the future of the business, and use operating models that are out of whack. redesign the operating model. Redesign the Operating Model.

Zero Based Budgeting 19

Zero Based Budgeting Organization Budgeting How To 19

Harvard Business Review

MAY 9, 2012

Through the first half of the last decade, a foundation of Nokia's competitive advantage was its unmatched ability to customize a wide variety of phones for operators. A crucial element of its strategy to win over consumers to its advanced smartphones was to persuade third-party developers to create a vast array of apps for its phones.

Innovation 16

Innovation Supply Chain Telecommunications Core Competence 16

Harvard Business Review

JANUARY 18, 2012

Executing this strategy required seamless integration of IBM's product capabilities with its geographic reach. This meant abandoning IBM's existing organization, in which product silos and geographic entities operated independently and frequently were more competitive than collaborative. When the U.S. It is not about you.

Globalization 18

Globalization Golden Parachute Short-term Long-term 18

Harvard Business Review

NOVEMBER 29, 2011

Today, operating under the TD Bank umbrella, the outfit has more than 1,000 branches up and down the East Coast, from Maine to Florida, and a well-earned reputation as "America's most convenient bank.". Ferrari pit crews operate largely in silence, despite (or because of) the roar of engines around them.

Banking 21

Banking Retail Open-book Creativity 21

Harvard Business Review

FEBRUARY 12, 2014

For me, IKEA’s success is mostly due to the clarity of its strategy. It offered other items besides furniture (housewares, unique toys), and customers could drop children off a brightly designed, company-operated day care center. IKEA is a company that exemplifies the power of strategic clarity.

Strategy 20

Strategy Document Comparison Retail 20

Harvard Business Review

NOVEMBER 17, 2017

For decades, we’ve often thought of leadership profiles in unique buckets—two popular varieties were the “visionaries”, who embrace strategy and think about amazing things to do, and the “operators”, who get stuff done.

Execution 18

Execution Strategy How To Budgeting 18

Harvard Business Review

OCTOBER 10, 2017

Tactical performance is how effectively your organization sticks to its strategy. In Precision’s case, good tactical performance required developing rules, checklists, and standard operating procedures and then following them closely. We made a number of operational changes to the call center.

Organization 16

Organization Tactics Call Center Metrics 16

Harvard Business Review

MAY 16, 2016

The current mantra is “Move fast with stable infrastructure”, which speaks to the organizational design challenge of operating at scale in a fickle and volatile world. There is a simple test you can perform to start an honest conversation about strategy and organizational effectiveness where you work.

Banking 15

Banking Strategy Film IPO 15

Harvard Business Review

JUNE 2, 2014

Like a startup, you have to get the market fit right, but you also have to fight the corporate systems at the same time, dealing with the rules, procedures, and approval processes that every big company has in place to support its strategy. By and large, corporate strategies and the internal rules they engender are good and useful.

Innovation 14

Innovation Conflict of Interest Strategy System 14

Harvard Business Review

MARCH 14, 2014

Almost 80% of the more than 1,200 senior executives recently surveyed by PricewaterhouseCoopers believe that their organizations have the right strategic intent — but only 54% think they’re executing that strategy well. Distracted by pet initiatives that have little to do with the new strategy, they revert to old habits.

Strategy 11

Strategy Restructuring Committee Short-term 11

Harvard Business Review

MARCH 28, 2023

Can BMW convince stakeholders that its strategy is good for the environment and the company’s financial performance?

Environment 13

Environment Strategy IT Strategy Company 13

Harvard Business Review

MAY 28, 2014

As Quartz reported last year: Members of the Glass operations team have been on the road showing it off to companies and organizations, and they told Quartz that some of the most enthusiastic responses have come from manufacturers, teachers, medical companies, and hospitals. Should Google revise its strategy to pursue that opportunity?

Strategy 14

Strategy Early Adopters Innovation Proposal 14

Harvard Business Review

AUGUST 21, 2013

In order to see the future more clearly, it''s almost always helpful to look back — and this certainly goes for IT and its ever-increasing impact on operations, and ultimately on competitive advantage. Yet with each wave, the criticality of IT to basic operations and delivery of service to customers continues to escalate.

Competitive Advantage 9

Competitive Advantage Management Information Technology Airlines 9

Harvard Business Review

JUNE 29, 2012

At a Global 50 consumer products company, management has developed a governance structure that allows it think about risk proactively, and has aligned its risk profile and exposures more closely with its strategy. Managers could keep the organization within acceptable tolerance ranges, driving performance to plan.

Risk Management 15

Risk Management Maturity EBITDA Management 15

Harvard Business Review

NOVEMBER 22, 2017

For every company wrestling with evolutions in its strategy, success depends as much on matching the operating model to those evolutions as it does on the soundness of the strategy itself. But exactly how do today’s companies create or update an operating model to match adaptations or wholesale changes in strategy?

Strategy 9

Strategy Company Banking Apparel 9

Harvard Business Review

MAY 17, 2013

We don''t often think about the way we usually operate at work, whether we''re performing an informal five-step process for evaluating a new proposal, or setting priorities for managing our time. So the organization started documenting standard operating procedures to capture employee know-how and wisdom. Should Do" Practices.

Efficiency 10

Efficiency Organization Bureaucracy Operations 10

Harvard Business Review

MARCH 2, 2011

They may have done a swell $2 million strategy study for a client, but then have to watch from the sidelines as a more broadly based firm swoops in to do the $15 million project — a total systems redesign, say, or a corporate reorganization — entailed in implementing the strategy. Monitor & Co.,

Consultative 16

Consultative Strategy McKinsey Porter 16

Harvard Business Review

FEBRUARY 27, 2013

We set people up to use their area of expertise, be it strategy, accounting, operations, technology, finance, or human resources. Furthermore, we learned that this mode of giving delivers a greater impact to the community because it helps fill critical capability gaps in nonprofits.

Skills 11

Skills Real Estate Human Capital Project 11

Harvard Business Review

SEPTEMBER 8, 2011

It's an important move, more for what it tells us about Google and the evolution of its strategy than it does about the restaurant rating game. Today, Google announced that it had acquired Zagat , the popular restaurant ratings provider. Let's step back and consider the previous narrative on Google and Zagat. Zagat is not some startup.

Real Estate 15

Real Estate Review Comparison Quality 15

Harvard Business Review

SEPTEMBER 6, 2017

Business-critical roles — that is, the jobs that are central to differentiating a company from its competitors and successfully executing its strategy — will also change. New innovations will change the basis of competition in many markets and alter the sources of advantage for most companies. Take insurance, for example.

Company 19

Company Insurance Engineering Software 19

Harvard Business Review

SEPTEMBER 21, 2012

The China head of the packaging business, Li Xin, spent 13 years working in Sealed Air's American and Canadian operations before taking up the China assignment in 2004. Take Kwang-Ro Kim, who launched LG Electronics' India operations in 1997, and led them until he retired a decade later.

Globalization 8

Globalization CEO Long-term Operations 8

Harvard Business Review

NOVEMBER 2, 2017

Nokia was so immersed in executing its strategy that it lost sight of its purpose. Few imagined that this juggernaut, brandishing vast resources with such steely determination, could be quickly brought down. In retrospect, it seems inevitable. ” Aim for the golden mean.

Strategy 16

Strategy Company How To Supply Chain 16

Harvard Business Review

MARCH 10, 2017

This entails viewing costs not merely as an in-year expense but also as a multiyear investment in differentiating capabilities designed to help your company execute its strategy. Second, rethink costs in terms of capabilities. In many companies, the investments you make in capabilities are hidden within an array of functional budgets.

Cost 15

Cost How To Budgeting Strategic Planning 15

Harvard Business Review

MAY 18, 2011

It could also include sophisticated software based on the WebOS (the operating system HP leveraged from the Palm acquisition). HP's strategy for decades has been to not have a single approach to solving customer problems. Instead, it offers customers flexibility with regard to choices like operating systems and software.

Software 15

Software Technology Intellectual Capital Marketing 15

Harvard Business Review

FEBRUARY 9, 2011

The best companies are able to distinguish between these consumers by precisely valuing their operating profit potential, not just gross margin or volume. Deal Chasers: These consumers seem attractive because they buy a lot of volume, but they are less engaged and turn getting the best price into a game.

P&L 15

P&L Supply Chain Retail Price 15

Harvard Business Review

JUNE 10, 2014

Yet, its strategy for almost three decades has largely been that of a sustainer, not a disruptor. Let’s take the introduction of the x386 in 1985 as the starting point for the sustaining strategy (although one might argue that the x386 was itself just a sustaining innovation, relative to earlier generations). Absolutely.

Innovation 10

Innovation Disruptive Innovation Venture Capitalist Depreciation 10