Feeds:
Posts
Comments

Archive for the ‘Business Strategy’ Category

Invited

Topic: The Risk-Driven Business Model

Who: Karan Girotra, author, professor of technology and operations management at INSEAD, and founder of Terrapass, Inc.

When: Tuesday, September 16, 2014

Time: 1:00 pm Eastern Standard Time

Register Now

 

 

Most companies think of innovation as being about new technology or developing new products— but the most disruptive organizations of the 21st century have innovated much more than their products or technology. From Ford Motors to Toyota to Uber the automotive industry among many others has been continually disrupted by companies that change the way they “did things,” or their business model.

This WebEx will explore the following questions:

  • How new business models can be an even more disruptive force than new technology?
  • Where the biggest business model innovation opportunities lie?
  • How to create an organization that identifies these game-changing opportunities

Based on Karan Girotra’s co-authored book The Risk-Driven Business Model. Coming Soon to BizSum.com.

Read Full Post »

94994429In Rapid Realignment, George Labovitz and Victor Rosansky chart the path to optimal organizational performance by integrating key processes, staff, customers, and strategies to serve the primary purpose of an enterprise—increasing stakeholder value. Alignment is the result of this integration, and organizations that achieve it succeed by focusing their people and resources on providing optimal customer satisfaction. In aligned organizations, employees at every level understand the business’s goals and strategies and know how their efforts advance them. Their clear understanding of customer needs enables the constant improvement of products and services that win and maintain customer loyalty. This adjustment, or rapid realignment, is a necessity in a global economy in which swiftly changing conditions and demands can pose serious challenges to an organization’s survival.

According to Labovitz and Rosansky:

  • To support an organization’s primary purpose, its staff, strategy, customers, and processes must be aligned. This alignment requires clear communication, complete understanding of its objectives, and the commitment of all involved in the process. When external forces or events cause misalignment and reduces effectiveness, rapid realignment is essential to ensure continued success.
  • The alignment framework is made up of four elements — strategy, people, processes, and customers. Strategies will change as requirements change, and when they do they must be rapidly deployed. Core processes that serve customers must continually undergo improvement.
  • Vertical alignment is achieved when employees can articulate the organization’s strategy and explain how their work supports it. This understanding is what boosts the deployment of new strategies.
  • Horizontal alignment is achieved when the communication barriers that separate employees from customers are removed. This means that employees understand customer needs and are committed to improving service.
  • Every organization must have a Main Thing — a meaningful description of what it wants to accomplish. It must be a common and unifying concept to which every unit can make a contribution.
  • Social media is an excellent means for fostering trust and bringing people together to advance both the Main Thing and management’s plans for achieving it. It facilitates employee communication with management and enables employees to ask questions that get answers.
  • To effectively change their cultures, organizations must determine the behaviors that will best implement their strategies and meet customer needs, as well as ensure that attitudes and values are aligned with their Main Things.
  • To effectively change behaviors, new strategies must be explained repeatedly. Employees must be able to comprehend how their participation will ensure the strategies’ success and how their contributions will be valued.

To download three free summaries, please visit our site.

Related book summaries in the BBS library: Wiki ManagementHBR Guide to Getting the Right Work DoneBusiness at the Speed of Now

Read Full Post »

In Fierce Leadership, Susan Scott’s goal is to help individuals and organizations abandon those “best” practices that no longer serve a purpose and replace them with superior practices that get the job done. Fierce leadership is a state of mind that allows leaders to ask the questions that no one will ask, say the things that no one will say, abandon paint-by-numbers leadership, touch their own emotions and those of others, and stop trying to keep everything in the discreetly neutral. She details alternative methods to traditional business practices.

For a free trial of EBSCO Business Book Summaries click here.

Related book summaries in the BBS library:  The Extraordinary LeaderNow…Build a Great Business!,  From Values to Action

Read Full Post »

Over the past few years, China has transformed itself into a powerful, consumer-oriented culture, and many Western companies have flocked to China to take advantage of this new marketplace. However, entrepreneurs from the United States and Western countries often fail to realize that transacting business in China is a far cry from making deals at home. Ted Plafker, a Beijing correspondent for The Economist, leverages his extensive experience in Chinese culture and entrepreneurship to offer a primer for newcomers who are planning to expand their business into China. According to his book, Doing Business in China, “As many foreign companies have already proven, success in China is possible, but only for those with the patience, persistence, and resources to see it through.”

For a free trial of EBSCO Business Book Summaries click here.

Related book summaries in the BBS library: The Coming China Wars, Getting China and India Right, Superfusion

Read Full Post »

In Predictable Success, Les McKeown explains that any business, any organization—any group of any sort—that grows and reaches for success is going to go through certain steps and will have to endure certain changes as it grows. There is a specific sequence to these steps, and with the right people operating within the right structures, any business can make its way through these steps to Predictable Success. McKeown describes what each step looks and feels like to those who are in it, and he offers remedies to companies who have attained success and then lost it, offering hope to company leaders who want to get back on top.

For a free trial of EBSCO Business Book Summaries click here.

Related book summaries in the BBS library: The Success Principles, Seduced by Success, The Strategy Paradox

Read Full Post »

« Newer Posts