“Knowledge has power because it controls access to opportunity and advancement.” – Peter Drucker The 21st century is undoubtedly the century of knowledge. The everyday usage of available advanced information and business technologies, and internet in business activities just show how rampant corporations are engaged in information exchange and Knowledge Management. In the light of […]
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Agile Activity Groups: Managing Agile Companies to Consistently Outpace Competitors
Big corporations, by nature, maneuver like battleships. Held back by their own inertia and current business strategies, turning quickly can be difficult when the competitive environment changes. Likewise, high performance as measured by shareholder returns is impossible to sustain over a long period of time. No company consistently beats the market. A recent in-depth study […]
How Do You Know When Your Employees Are “Actively Disengaged?”
Editor’s Note: The author, Dwight Mihalicz, is a subject expert matter on effective management and hosting a free webinar for Flevy’s audience on Empowerment 4.0. The focus of Empowerment 4.0 is to help managers of managers understand the elements that need to be in place for effective teams. Most management training focuses on the “soft skills,” whereas […]
Governance in Family Business: Putting the Pieces the RIGHT Way
Governance of Family Businesses must include the concerns of the numerous and diverse third generation. Establishing a set of Councils and Boards is essential in addressing critical transition issues. With a Governance Model, Family Businesses can address acute short-term challenges and prepare the business for subsequent generations. Starting the change process can be difficult. Ideally, […]
Do You Know the Root Cause to Poor Employee Engagement?
Editor’s Note: The author, Dwight Mihalicz, is a subject expert matter on effective management and hosting a free webinar for Flevy’s audience on Empowerment 4.0. The focus of Empowerment 4.0 is to help managers of managers understand the elements that need to be in place for effective teams. Most management training focuses on the “soft skills,” […]
The 21st Century Dilemma: Preparing the Next Generation for Succession
Family businesses did especially well in riding the rising tide. Family businesses were the particular beneficiaries of three decades of favorable global economics. Propelled by fast growth in the emerging world, the share of family businesses in the global Fortune 500 grew from 15% in 2005 to 19% in 2013. Five years ago, founders or […]
Using Measures to Get the Most out of Your Change Initiative
There are plenty of statistics indicating that a high number of change initiatives fail. Any organization can turn those statistics on their head by doing one thing; USING their measures. Not just creating them; using them. When you use measures the right way, you reinforce your change message through multiple avenues and in several ways, moving people through their […]
Managing Performance by Leveraging the Organizational Health Index (OHI)
The typical approach to improving productivity focuses on assessing variance in quality, time, rate, service, or cost, around which management systems develop incrementally or revolutionarily. Organizational Health Index, on the contrary, focuses on improving performance through improved alignment of organizational systems. For example, by improving competence of key components such as mindset, work design, technical […]
Boost Employee Engagement – Solutions That Work!
Editor’s Note: The author, Dwight Mihalicz, is a subject expert matter on effective management and hosting a free webinar for Flevy’s audience on Empowerment 4.0. The focus of Empowerment 4.0 is to help managers of managers understand the elements that need to be in place for effective teams. Most management training focuses on the “soft skills,” […]
Change Adoption Takes Awareness, and That’s Not Easy
This is probably going to sound silly but indulge me for a couple of minutes. Whether you are interested in change adoption at an individual or at an organizational level, awareness is one of the first things, and most important things, you need to nail down. I’m not telling you something you don’t already know. But there […]
The Key to Strengthening Family Business: The 4 Components of Family Capital
Family Capital is a true differentiator between family-owned businesses and companies with a fragmented shareholder base. Family Capital expresses itself as the organization’s culture, ethos, and network. While hard measures liking it to performance are elusive, Family Capital clearly conveys powerful advantages. McKinsey Organizational Health Index database indicates that family-owned businesses enjoy a significant advantage […]
What Does Your Sponsorship Curve Look Like?
“One picture is worth a thousand words.” How can sponsors and change practitioners create a picture of sponsorship? The sponsor holds a critical role in every change initiative. There is ample research that shows the importance of the role and the positive impact that sponsorship has on change success and staff engagement. The impact of […]
