flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

About Mark Bridges

Mark Bridges is a Senior Director of Strategy at Flevy. Flevy is your go-to resource for best practices in business management, covering management topics from Strategic Planning to Operational Excellence to Digital Transformation (view full list here). Learn how the Fortune 100 and global consulting firms do it. Improve the growth and efficiency of your organization by leveraging Flevy's library of best practice methodologies and templates. Prior to Flevy, Mark worked as an Associate at McKinsey & Co. and holds an MBA from the Booth School of Business at the University of Chicago. You can connect with Mark on LinkedIn here.

Author Archive | Mark Bridges

Good Idea

An Effective Methodology to Avoid Disruption: The 8 Pillars of Innovation

Almost every other day, startups emerge and disrupt established companies because of their innovative ideas and business models.  This disruption is, primarily, due to the reluctance of big companies to implement a series of strategic and organizational practices required to organize and inspire creativity. Large firms are, generally, better at implementation rather than innovation due […]

Continue Reading · Comments { 0 }
social-media-552411_1280

How to Conduct RACI Charting and Analysis Professionally?

Functional areas in an organization are often marred with ambiguities–some process related and other role related.  The Responsibility Assignment Matrix or RACI Charting is a simple technique to resolve these ambiguities.  It works collaboratively to clearly identify functional areas and roles and responsibilities in order to complete a desired activity. The RACI Acronym stands for: Responsible […]

Continue Reading · Comments { 0 }
idea innovation

The Secret to Unlocking Business Model Innovation (BMI)

Innovative technologies are sweeping away everything: organizations, work practices, offerings, hierarchies, and even business models.  Those days are long past when business models used to stay static for years to no end.  They are now under threat more so than anything else, since any technology-driven entrant can knock an established business model down in no […]

Continue Reading · Comments { 0 }
BoD

What Makes a BoD a High Performance Board?

Financial downturns and intense competition has put a lot of strain over boards and directors to perform better.  The effectiveness of the board of directors varies from organization to organization. An accomplished chairman can make the board more constructive and practical by establishing high standards and helping members improve their participation. In 2013, McKinsey & […]

Continue Reading · Comments { 0 }
startup-1805215_1280

For a Successful Market Entry, First We Must Remove Our Cognitive Biases

New market entry provides potential opportunities for organizations to grow.  But penetrating a market and establishing a new business is fraught with complications and failure.  Attempts at entering a new market often fail, in fact, research suggests that for every successful market entry about 4 fail.  The reasons for such high failure rates involve timing, […]

Continue Reading · Comments { 0 }
gears n flowchart

Do You Know How To Take Advantage of the “Appreciative Inquiry” Approach for Organizational Management?

The problem solving approach to organizational  design and management has a number of limitations. It focuses only on what’s wrong, identifying causes, brainstorming solutions, developing action plans, and not taking into account the areas that are working well. Problem solving focuses on the past and excludes possibilities for creativity. The approach is time consuming, costly; […]

Continue Reading · Comments { 0 }
brain-2029391_1280

Do You Realize the Value of Developing BeCoN (Behavior, Cognitive, Network) Capital in the Digital Age?

At the pinnacle of the Industrial Revolution, not many organizations realized the complex subtleties of the Financial Capital.  The organizations that were able to develop innovative methodologies to administer their financial capital outsmarted the rivals by achieving a competitive edge. At the advent of the 20th century, two more forms of capital became known and […]

Continue Reading · Comments { 0 }
corruption

How to Counter Corporate Corruption and Fraud

Expanding into new markets presents lucrative opportunities, as well as risks. Potential threats in new territories include corporate corruption, malpractices, and fraud, which most firms have to face.  Corruption and fraud cover a wide array of situations, but it is the unobtrusive yet more prevalent forms of fraud and corruption that create the biggest risks […]

Continue Reading · Comments { 0 }
Decision Making 2

Building Blocks of Behavioral Strategy: How to De-Bias Your Decision Making Process

While making critical decisions, not many strategists are conscious of the impact that cognitive biases have on business decisions.  These biases are part of human behavior, and can be referred to as “systematic human tendencies to deviate from rational calculations.” In strategic decision making, leaders need to recognize their own biases, as these biases influence […]

Continue Reading · Comments { 0 }
Digital Marketing2

Marketing 2.0: How to Build On-demand Marketing Capabilities

The Digital Era has brought on critical challenges for companies to meet new consumer demands for marketing.  Digital Marketing is undergoing transformation at an astounding rate.  There is a radical shift towards “on-demand” marketing, where marketing is becoming consistent, pertinent, and receptive to customers’ demands, delivering heightened experiences literally anywhere with ease of access along […]

Continue Reading · Comments { 0 }
Chess

How Do You Establish a Strategic Management Office (SMO)?

Executing strategy the right way is not everyone’s business.  The reported failure rates for strategy execution stand at 60% to 90%.  A study of large organizations in eight industrialized countries by Bain and Company revealed that seven out of eight companies failed to achieve profitable growth from 1988 to 1998, and very few achieved their […]

Continue Reading · Comments { 0 }
Team image

Being Disrupted by Digital Natives? Empower Small Teams Using Agile Techniques to Remain Competitive

Digital natives are threatening the way traditional organizations do business.  The dated authoritative structures and imposing mindsets of the executives of traditional companies are in stark contrast to today’s technology-savvy startups and digital-native companies. Traditional firms are running out of time to revisit their strategies and promptly transform in accordance with the rapidly evolving markets […]

Continue Reading · Comments { 0 }
Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]   This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]
We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]   We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  


The Flevy Business Blog (http://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most articles have been contributed for management consultants and industry executives with over 20 years of experience. If you would like to contribute an article, please email our editor David Tang at [email protected].

Flevy (http://flevy.com) is the marketplace for premium business documents, such as management frameworks, presentation templates, and financial models. Our documents are of the same caliber produced by top tier consulting firms, like McKinsey, Bain, Accenture, BCG, and Deloitte. Learn more about Flevy here.


Connect with Flevy:

   
  


About Flevy.com   /   Terms   /   Privacy Policy
© 2019. Flevy LLC. All Rights Reserved.