In a study conducted by global management consulting firm Strategy& (formerly Booz & Company) of 100s of organizations of varying sizes and types, they synthesized a spectrum of 4 different corporate management models. These 4 management models are defined by the way senior management and the “Corporate Core” engage with the rest of the organization. […]
About David Tang
David Tang is an entrepreneur and management consultant. His current focus is Flevy, the marketplace for business best practices (e.g. frameworks & methodologies, presentation templates, financial models). Prior to Flevy, David worked as a management consultant for 8 years. His consulting experience spans corporate strategy, marketing, operations, change management, and IT; both domestic and international (EMEA + APAC). Industries served include Media & Entertainment, Telecommunications, Consumer Products/Retail, High-Tech, Life Sciences, and Business Services. You can connect with David here on LinkedIn.Author Archive | David Tang
The 4 Schools of Strategy
Over the years, countless business frameworks on Corporate and Business Strategy have been developed. We can categorize these frameworks into 4 schools of thought. Let’s call them the 4 Schools of Strategy, which are: The Position School The Execution School The Adaption School The Concentration School We can represent these 4 schools on a 2×2 […]
Tension Management 101: How Do We Manage Workplace Tension?
In a high-pressure environment such as the C-suite or Boardroom, tension is bound to exist. Since tension is bound to exist, the goal is not to eliminate tension, but rather, to turn tension into productivity. These 2 main kinds of tensions that exist in an organization: 1. Natural Tension Natural Tension refers to personal tension […]
The Human Resources (HR) Ecosystem
In business, we love to use the term “ecosystem.” So what is an Ecosystem? In its purest form, Wikipedia defines Ecosystem as a community of living organisms in conjunction with the nonliving components of their environment, interacting as a system. This definition can be further broadened to represent a group of interconnected “elements,” formed by […]
Can We Drive Growth and Innovation through Corporate Entrepreneurship?
Foremost, what exactly is “Corporate Entrepreneurship?” Corporate Entrepreneurship is defined as the process by which teams within an established organization conceive, develop, launch, and manage a new business that is distinct from the parent organization by leveraging the parent organization’s resources. Corporate Entrepreneurship encapsulates more than just New Product Development. It also includes ventures to […]
Disruption Is Inevitable. How Do We Manage through Disruption?
No industry is safe from Disruption. Disruption can be born from a number of sources–e.g. new technology, regulatory changes, or a global pandemic, to name a few. In a 2017 PwC survey of 1,379 CEOs around the world, 60% said their market has already changed or completely reshaped in the past 5 years and over […]
It’s the Age of Data, Time to Incorporate a Data Monetization Strategy into Digital Transformation
We are already living in the Age of Data. In fact, every organization operating today is essentially a data organization. However, only 1 in 12 are actually monetizing data to its full extent. Many organizations are already leveraging Data and Analytics to generate growth. Data Monetization is the means to achieve that growth. To achieve Data […]
How Do We Answer the Fundamental Question of Strategy: Are We Doing the Right Things?
At its essence, management just seeks to answer 2 fundamental questions: Are we doing things right? Are we doing the right things? The first question is addressed through Operational Management. Operational Management frameworks include Total Quality Management (TQM), Six Sigma, Business Process Re-engineering (BPR), among numerous other Lean Six Sigma tools. The second is addressed […]
How Do We Create a Customer-centric Culture?
It’s the Age of the Customer. In this day and age, becoming a Customer-centric Organization is no longer just a differentiator–it is a necessity. Customers are now more demanding. Their expectations are higher. In fact, they expect companies to anticipate their needs. To truly become a Customer-centric Organization, we must adopt a Customer-centric Culture. Research […]
Build the Foundation to Digital Transformation through Big Data Enablement
The Digital Age is also the Age of Data. During Davos 2020, renown historian and futurist Yuval Harari once again emphasized us of the importance and potential power of data. In fact, he envisioned a future where there where 2 classes of people–the wealthy elites who controlled data and the exploited “data colonies.” Data, he […]
Strategic Management Done Right: Set up a Strategic Management Office (SMO)
Most organizations struggle with Strategy execution. In fact, numerous studies from top consulting firms (including McKinsey, Bain, BCG) and Harvard Business Review have shown approximately 70% of strategies fail due to poor execution. Furthermore, organizations only realize about 60% of their strategies’ value. Having a Strategic Management Office–i.e. SMO–may improve your chances of success. The […]
We’re in the Post-COVID World: Has Your Workforce Been Digitized?
We can call it the Digital Age, the Age of Automation, or the Post-COVID World, it doesn’t matter. All trends point to the same outcome — Workforce Digitization. Workforce Digitization and the powerful economics of automation require us to critically rethink of organizational structures, influence, and control. The benefits of automation are clear, but what is […]
