Value Based Management (VBM) is a management philosophy that states management should foremost consider the interests of shareholders in its business actions. This framework encompasses the processes for creating, managing, and measuring value. It is important to note VBM differs from a profit-focused way of managing business. Specifically, VBM means that the decisions that you […]
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Unless you have ever started a business of any kind, you may be among millions of Americans who simply have misconceptions about what a ‘non-profit’ really is. Most of us understand the term to mean that a not-for-profit organization isn’t supposed to make a profit, any kind of profit whatsoever. That just isn’t true! The […]
FlevyPro is our subscription service for consulting frameworks and business templates. We recently surveyed our subscribers and learned our biggest fans are essentially all independent consultants or owners of boutique consulting firms. We wondered, Why is this the case? The reason, we found, is simple. A core competitive advantage of global consulting firms is they have access […]
In their book In Search of Excellence, McKinsey consultants Tom Peters and Robert Waterman found 8 common themes which they argued were responsible for the success of 14 identified companies of “excellence.” The framework is known as the 8 Attributes of Management Excellence. The research and theorizing of this framework was based on the McKinsey […]
If you are hoping to launch your own business, you’re probably aware that there are no official educational requirements in order to do so, much unlike other careers in the business industry. However, with the business world becoming much more competitive and starting a business becoming more attainable for many people, many entrepreneurs are finding […]
It’s So Frustrating for Change Leaders! “Why can’t people see the future? It’s so obvious that we need to change–yet the people can’t see that there is a better way!” This is a cry I often hear from leaders and managers who are trying to implement change or improve things in their organisation. They complain […]
Why Napoleon? We all know that Napoleon had magnificent victories at Toulon, Tivoli (perhaps his greatest of all time), The Pyramids and Austerlitz – but what can we learn about his approach to strategy and winning? And what’s the connection with neuroscience? Well, it turns out that Napoleon unknowingly used an understanding of neuroscience to […]
Anyone who jump starts his or her new business faces the statistics of only two out of ten new businesses that survive after five years. How will a person overcome the gloomy prospect of success if he or she dares to hit the mark? If the statistics guide such start-up decisions, many could have felt […]
Editor’s Note: The author Curtis Chocholous, a seasoned executive and Lean Six Sigma Black Belt, has written a whitepaper on The 80/20 Law of Leadership, which is available for free on Flevy here. This whitepaper is based on Lean Culture thinking. * * * * Do you really understand what is really important? When a […]
Editor’s Note: The author Curtis Chocholous, a seasoned executive and Lean Six Sigma Black Belt, has written a whitepaper on The 80/20 Law of Leadership, which is available for free on Flevy here. This whitepaper is based on Lean Culture thinking. * * * * Every time you eat or drink, you’re either feeding disease […]
Editor’s Note: The author Curtis Chocholous, a seasoned executive and Lean Six Sigma Black Belt, has written a whitepaper on The 80/20 Law of Leadership, which is available for free on Flevy here. This whitepaper is based on Lean Culture thinking. * * * * Ralph Waldo Emerson said, “Nothing great was ever achieved without enthusiasm.” […]
Editor’s Note: This article is an excerpt from the full How to Create Leadership Pull for Operational Excellence whitepaper, available for free download from Flevy here. * * * * Several times a year, over the last decade, in multiple Operational Excellence (OpEx) focused conference workshops, we have asked the same question. What’s the #1 obstacle to successful […]
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